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    SBI Sahyog Niwas Scheme

    We found 6 SBI Sahyog Niwas Scheme

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.65% - 8.70% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.60% - 8.65% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.7% Floating
    0.35% (max. 10,000) + S.T.
    20L - 10Crs
    25-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.3% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.15% - 9.3% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.50% - 8.55% Fixed/Floating
    0.35% (max. ₹10,000) + S.T.
    5 L to 30 L
    3-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    SBI Sahyog Niwas Scheme is Rated as "Great!" by 929 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.

    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
      "Better Service"
      0.5 4.0/5 "Great!"
      In the year of 2014, I had taken a home loan from SBI. The rate of interest was around 10.15% at that time. EMI will be deducted from my salary account every month, so I do not have any interactions with the customer service executives till date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • SBI Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the approval letter from the State bank of India for my home loan. Rate of interest was around 9% and I was not okay with that. Response and other aspects are good with them . Being an under construction property, the loan amount will be get disbursed shortly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      My home loan is from State Bank of India and this process was smooth for me. I had no hassles with the bank in the documentation or in the disbursement. Everything happened on time and and I got the funds I needed with a good deal on the interest and charges.
      Was this review helpful? 0
      , rourkela
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I do have the home loan with the State bank of India and their interest rate is a good one with them. Services are not good with them and the loan amount got disbursed to my account within three months of four months of time. Lastly, even the processing charges were nominal one with them.
      Was this review helpful? 0
      , pune
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Disappointed with the service"
      0.5 2.5/5 "Just OK"
      For me SBI services falls below expectation, because they did not stick to their interest rate. Initially I was quoted an interest rate of 8.5% however they offered me only 8.65%. Therefore SBI needs to stick on to their promises. Additionally, they had to appoint a responsible executive, also he or she should know how to handle the customer in a refined way.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with State bank based on the Home loan process.The customer follow up made is the positive end of the bank.They have provided very immediate and fast service based on the application.The interest rate offered was 10.5% approximately .and its floating total loan amount was 10.70 laks and tenured is for 15 years applied in 2008.
      Was this review helpful? 0
      , nanded
      Reviewed on May 21, 2017
    • SBI Home Loan
      "Fast Service"
      0.5 4.0/5 "Great!"
      As soon as I submitted my documents with SBI for my housing loan, immediately they called me and the very next day they initiated the process. Interest rate is ok, though the current market rate is of 8.35% I got it for 8.70% but then there is no problem in interest rate. The process went good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2017
    • SBI Home Loan
      "Average service."
      0.5 4.0/5 "Great!"
      My wife wanted me to take only SBI home loan as she thinks they do thorough verification of the project and so had to go for it though I preferred some private bank. They processed it within 12/15 days as it was March but had to travel 20+kms as the agent came from a far away branch. Otherwise all is well till now.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Trsutworthy and Reliable"
      0.5 5.0/5 "Blown Away!"
      I took the home loan with the State bank of India and I got the loan amount with them because of trust. Its the nationalized bank and that's the major thing made me to went ahead with them. Within two to three weeks of time, I got the home loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Convenient process"
      0.5 5.0/5 "Blown Away!"
      It was a excellent experience with State Bank of India for the home loan. The process was on time and I also got a good deal as well. The disbursement was on the date I needed it and the after loan services has been smooth too. The rate of interest was around 9% and I am comfortable with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Good Experience with SBI"
      0.5 3.0/5 "Satisfactory"
      SBI is one of the largest bank in India, whatever the loan we take they give transparent information they wont take any hidden charges. I have taken the home loan of Rs.25 lakhs with the tenure of five years without processing fee. SBI charged 8.5% of interest it is nominal as per the market.
      Was this review helpful? 1
      , chennai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Below average service"
      0.5 3.0/5 "Satisfactory"
      The process took too much time, Sbi executives told they will disburse the loan within 10 to 15 days, but then they took around 4 months to disburse my home loan , which is too long time. The rate of interest is nominal with SBI. Overall I can say it was an below average service.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      SBI is cheapest loan provider across the India, they have provided lest interest rate 9.3% on home loan. But documentation process is very lengthy, I have submitted lot of documents, because they have stick with the RBI guidelines. SBI have satisfied me by giving 100% loan on my property value.
      Was this review helpful? 0
      , sonipat
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Good deal"
      0.5 5.0/5 "Blown Away!"
      SBI has been good in the services for the home loan. It would have been better if I received the loan more sooner. The documentation was normal and the disbursement was also as needed. The interest rate was around 8% and the processing charges was minimal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      Being an salaried account holder with SBI. I am very glad to have a loan with SBI. After submitting my documents they took around 10 days to disburse my home loan. The rate of interest is 8.35% which nominal with SBI. Overall I would like to thank State bank for providing a Home loan.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The documentation and the verification process went smooth with State Bank of India Home loan. The rate of interest is nominal, when compared with others. The response part was good with State bank of India. Overall the service is good with SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the home loan with the State bank of India and the loan amount got disbursed to my account within a month of time. Processing charges were nominal one with them. During documentation process also there were no issues with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2017
    • SBI Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have not received the documents like repayment schedule and other papers for my home loan with the State bank of India . State bank of India took long time to provide the disbursement , also the verification process was really huge one. Rate of interest was fine one for me and I would like to suggest that they need to optimize and speed up the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience with State bank of India has always been fair. I had taken my home loan from them. The process was quick and it was completed on time by the bank. They also offered a good rate of interest 8.68%.and there was no processing charges toatal loan amount is 19 laks I have opted for.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • SBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had taken my home loan from SBI Bank. The services are good from them. They were very responsive. The process which was followed for the loan was good. It was completed on time. The customer service provided was very good. The interest rate applied for the home loan was around 8.68% with SBI.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2017
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