A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • SBI Shaurya Home Loan

    The SBI Shaurya Home Loan scheme is designed for army/defence people and comes with reasonably low interest rates.This home financing scheme can only be availed by defence personnel.The home loan facility also comes with flexible repayment options and interest concession for women applicants.

    SBI Shaurya Home Loan scheme Interest Rates

    nterest rates vary according to the customer’s risk score, LTV ratio, and other factors when check-off facility is not available.

    Features and Benefits of SBI Shaurya Home Loan

    • Low interest rates
    • Repayment tenure of up to 30 years
    • No hidden charges
    • No prepayment penalties levied
    • No processing fees
    • Interest concession for women applicants and if check off is provided

    Eligibility Criteria

    Resident type Resident of India
    Age Minimum: 18 years; Maximum: 75 years
    Employment type Defence

    Fees and Charges for SBI Shaurya Home Loan

    • Processing Fee-Waiver of Processing Fee. All out-of-pocket expenses like Advocate’s Fee for Legal Opinion, CERSAI, CIBIL charges, and Valuers Fee for Valuation Report will be recovered from the borrower.
    • Pre-sanction of loan
      • Advocate's fee
      • Valuer's fee
    • Post-sanction of loan
      • Stamp duty
      • Premium of property insurance
      • CERSAI Registration Fee (Rs.50 + GST) up to Rs.5 lakh limit and Rs.100 + GST for all limits over Rs.5 lakh.

    Documents Required

    • Employer’s ID card
    • 3 passport-size photographs with the duly filled loan application form
    • Address proof
    • Identity proof
    • Property-related documents
    • Last 6 months’ bank account statements
    • Loan account statement for the last 1 year (only if applicable)
    • Last 3 months’ salary slips
    • Copy of Income Tax Returns for the last 2 years or copy of Form 16

    Anyone employed under the defence can avail this home financing facility. Women applicants are eligible for interest concession. You can also get reduced rates if check off is provided.


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