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    We found 6 SBI Sahyog Niwas Scheme

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 8.75% Floating
    0.35% (max. 10,000) + applicable tax
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.70% Floating
    0.35% (max. 10,000) + applicable tax
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.7% Floating
    0.35% (max. 10,000) + applicable tax
    20L - 10Crs
    25-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.55% - 8.70% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs Spl. Offer for Defense Emp.
    1-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.55% - 8.70% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs Spl. offer for Govt. Emp.
    1-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.40% Fixed/Floating
    0.35% (max. ₹10,000) + applicable tax
    5 L to 30 L
    3-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    SBI Sahyog Niwas Scheme is Rated as "Great!" by 961 Users

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    Home Loan BYTES FROM OUR KITCHEN

    SBI Sahyog Niwas Scheme - Home Loans to Self Help Groups

    Sahyog Nivas

    The Sahyog Niwas Scheme is a home loan scheme specially designed by the State Bank of India to provide home loan and housing finance solutions to Self Help Groups who reside in rural locations and areas. Self Help Groups that possess a good track record of at least two years with regards to payments can avail of this scheme.

    Home Loan Offers

    Objectives Of The SBI Sahyog Niwas Home Loan Scheme:

    The main objectives of the SBI Sahyog Niwas Scheme are as follows:

    • To provide financial assistance to Self Help Group members for the purchasing or buying of a house
    • To provide financial assistance to Self Help Group members for the construction of a house
    • To provide financial assistance to Self Help Group members for the purchase of a work space or shed to conduct activities such as selling of groceries, dairy products, tailoring etc
    • To provide financial assistance to Self Help Group members for the repair, upkeep or renovation of a house, work space or shed that already exists
    • To provide financial assistance in order to help the group members with the purchase or acquisition of a plot of land for the purpose of construction of a house
    • To provide financial assistance to Self Help Group members for the extension of the following:
      • An existing house
      • An additional work space for an existing house
      • A shed

    Eligibility Criteria for The SBI Sahyog Niwas Scheme:

    Self help group members looking to avail of home loans or finance through the SBI Sahyog Niwas Scheme are required to fulfill the following eligibility criteria:

    • The applicant must be a part of a Self Help Group
    • The Self Help Group must have a good track record regarding payments for at least two years prior

    Features Of The SBI Sahyog Niwas Scheme:

    The main features of the SBI Sahyog Niwas Scheme are as follows:

    • Loans granted under this scheme can be availed by Self Help Groups operating in rural areas
    • The loan amount that can be availed can be up to ten times the amount that the Self Help Group has accumulated as savings
    • The loan amount will also take into consideration any outstanding loans that have already been rolled out to the Self Help Group
    • Each Self Help Group will disburse the loan amount in the following manner to its members for the purpose of housing:
      • In the case of construction or buying of a house, a maximum loan amount of Rs 50,000 will be disbursed to each member
      • In the case of any renovations or repairs to an existing house, a maximum loan amount of Rs 25,000 will be disbursed to each member
      • In the case of the purchase of a plot of land for the purpose of construction of a house, a maximum loan amount of Rs 25,000 will be disbursed to each member

    Repayment Schedule Under the SBI Sahyog Niwas Scheme:

    Self Help Groups who have availed of a loan under the SBI Sahyog Niwas Scheme can make repayments towards the loan in the following manner, according to the conditions prescribed below:

    • The group can make repayments in installments, which can be spread out over a maximum duration of 15 years
    • The installments can be made at the following regular intervals, as per the group’s convenience:
      • Monthly
      • Quarterly
      • Half-yearly
      • Yearly

    FAQs:

    1. Does a Self Help Group have to provide any form of security when availing of a loan through the SBI Sahyog Niwas Scheme?

      The only security required when availing of a loan through the SBI Sahyog Niwas Scheme is the guarantee given by all members of the Self Help Group

    2. Are there any processing fees or charges that may be applicable when availing of a loan through the SBI Sahyog Niwas Scheme?

      There are no processing fees or charges involved when applying for a loan under this scheme

    3. What is the area of operation of the SBI Sahyog Niwas Scheme?

      The SBI Sahyog Niwas scheme is only applicable to rural or semi-urban locations or areas in which Self Help Groups operate

    4. How are loans rolled out under the SBI Sahyog Niwas Scheme classified?

      Loans that are rolled out under this the SBI Sahyog Niwas Scheme are classified under Self Help Groups as follows:

      • Priority Sector Advances
      • Agricultural Finance
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  • SBI Sahyog Niwas Scheme Reviews

    • SBI Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The state bank of India took around 3 months to disburse my home loan. The customer service and the response need quick and fast in future. The required loan amount has been given and I am satisfied. The rate of interest is nominal with SBI. I am happy with the SBI home loan service.
      Was this review helpful? 5
      , surat
      Reviewed on Jul 07, 2017
    • SBI Home Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      I had take the home loan about six years ago. The interest rate is around 9.5% which is nominal. I got good service from SBI for the home loan process. They sanctioned the loan without any delay and done with the process in a good manner. I do not have any issues with SBI.
      Was this review helpful? 2
      , indore
      Reviewed on Jul 05, 2017
    • SBI Home Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I took home loan from State bank of India. For the loan, the interest rate is around 8.65% and I am happy with with the services of SBI. Actually my salary account is with SBI so I preferred the same bank for the home loan.
      Was this review helpful? 1
      , nasik
      Reviewed on Jul 04, 2017
    • SBI Home Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      I had taken home loan from State bank of India about three months ago. Interest rate is eight to nine percentage. Processing fee is two thousand rupees. The tenure is for twenty five years. Loan process went good and they sanctioned the loan on time.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jul 01, 2017
    • SBI Home Loan
      "Best offer in the market"
      0.5 5.0/5 "Blown Away!"
      Compare to private banks, SBI requested for lot of documents, once I provided all the documents process went smooth. SBI sanctioned 80% loan on the estimated cost, I took the loan amount of Rs. 20 lakhs for the tenure of 20 years. SBI offered me 9.5% of interest on initial stage then reversed for 9.25% its low.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 29, 2017
    • SBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have received a home loan from SBI on 2013. I got the SBI home loan within 10 to 12 days of time. I am happy about the loan amount. The rate of interest was low, when compared with others. The customer service with SBI is really good. I am satisfied with the home loan service offered by SBI.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Jun 27, 2017
    • SBI Home Loan
      "Happy banking"
      0.5 5.0/5 "Blown Away!"
      I approached State bank of India for the housing loan. When I approached them I got good response and they done with the process in a good way. The interest rate is around 9.5%. I am quite happy with the bank for the housing loan services. And the customer service is good.
      Was this review helpful? 4
      , mysore
      Reviewed on Jun 20, 2017
    • SBI Home Loan
      "Low interest rate"
      0.5 5.0/5 "Blown Away!"
      I got the home loan with the State bank of India and the interest rate is around 8.75%. The loan amount got disbursed to my account within fifteen days of time. Services are very good one with them. Documentation process is very nominal , also I got it through one of the agent.
      Was this review helpful? 2
      , pune
      Reviewed on Jun 19, 2017
    • SBI Home Loan
      "Need lot of improvement on customer service and the processi"
      0.5 4.0/5 "Great!"
      I do hold a home loan with State bank of India and the interest rate was around 8.65%, also I got the reminder up for the interest rate got reduced as 8.35%. Service aspects are okay. I would like to suggest that they could improve the response, also the customer service could be get improve a lot.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 17, 2017
    • SBI Home Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      My process is on for the home loan with State Bank of India, and it has been a good experience till now. There are no hassles when it comes to services and response. The main part in the interest rate which is a good deal and the processing charges were also very much nominal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 17, 2017
    • SBI Home Loan
      "Average one"
      0.5 3.0/5 "Satisfactory"
      I got the home loan with the State bank of India and the interest rate was very lesser one with them on that time. They have provided the loan amount after some long time like their processing time was very long time ,like it took around more than one month of time. They have provided around 80% of cost of home .
      Was this review helpful? 2
      , mumbai
      Reviewed on Jun 16, 2017
    • SBI Home Loan
      "Nice service"
      0.5 4.0/5 "Great!"
      Documentation process is very simple with State bank of India for the home loan. I availed the loan from the bank. The current interest rate is 9.35%. I am happy with the bank in terms of the home loan as they done the process without any hassles.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jun 15, 2017
    • SBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have dropped the plan to get a home loan at present, so that was the reason I haven't proceed with the sbi home loan . The service with SBI was good and the executive gave a call and asked me to submit the documents with SBI. I have postponed my plan to next 6 months, I may be going with SBI that time. I am satisfied with SBI service.
      Was this review helpful? 1
      , noida
      Reviewed on Jun 14, 2017
    • SBI Home Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      So far so good with the home loan process at State Bank of India. The process is on and the overall experience is good and satisfactory. The documentation is normal and since I am an existing customer I am sure to get a better deal on the interest rate and charges.
      Was this review helpful? 1
      , mysore
      Reviewed on Jun 14, 2017
    • SBI Home Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      I was postponed the decision to take home loan right now, I am planning to take it after two or three months later with same SBI bank. They ready to sanction 85% of loan on the property, It is very sufficient. I don't face any issues with them. I am happy about their service.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 14, 2017
    • SBI Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The SBI executives gave a call and explained me about the product and they were in follow up on my home loan application. I got a prompt response from SBI, but then I have postponed my plan ,so that was the reason I can't proceed with the home loan with SBI. The rate of interest is nominal with SBI. The service rendered by SBI is very good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 14, 2017
    • SBI Home Loan
      "Good in Interest rate"
      0.5 5.0/5 "Blown Away!"
      SBI offers the lowest interest rate for the loan. I availed housing loan from them, the interest rate is 8.30% which is pretty good one as per the market rate. Customer service is satisfactory and they sanctioned the loan within 2 days. SBI is the right place for the loans. The interest rate is common for all the people.
      Was this review helpful? 1
      , raipur
      Reviewed on Jun 13, 2017
    • SBI Home Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      My neighbor is a branch manager in Sbi, I got the home loan disbursement with his support and I have provided all the documents they have asked and he legally approved my loan. The rate of interest is nominal with SBI. The customer service and the response was good with SBI . I am happy about the loan amount and satisfied with the service.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 12, 2017
    • SBI Home Loan
      "Reliable"
      0.5 3.5/5 "Pretty good"
      Currently, Home loan with the State bank of India is under process and the interest rate will be get confirmed , also they have not provided the 100% commitment there. Customer service is a kind of okay and the response was also not great okay for me.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 12, 2017
    • SBI Home Loan
      "Need to be quick in response"
      0.5 1.0/5 "Really Bad"
      My home loan is still under process after 4 months, since for past 4 months I am waiting for the status, but there is no response from SBI. They are not at all giving the status of the product. I had already done with the documentation still I didn't get any kind of status with my loan application. The rate of interest is low and the processing fee is also reasonable with SBI. The response part need to be improved with SBI.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 12, 2017
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