The SBI Shaurya Home Loan scheme is designed for army/defence people and comes with reasonably low interest rates starting from 8.60% p.a. and long repayment tenure up to 30 years. 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.
|Home Loan Applicant||Interest Rate||Tenure|
|Women (with check off)||8.60% p.a. to 8.95% p.a.||Up to 30 years|
|Women (without check off)||8.65% p.a. to 9.10% p.a.|
|Others (with check off)||8.60% p.a. to 8.95% p.a.||Up to 30 years|
|Others (without check off)||8.65% p.a. to 9.10% p.a.|
Note that the interest rates will changes based on the loan slab.
|Resident type||Resident of India|
|Age||Minimum: 18 years; Maximum: 75 years|
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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