A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • loading

    We found 6 SBI Tribal Plus Home Loan

    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 Tribal Plus Home Loan is Rated as "Great!" by 961 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Overview:

    The Tribal Plus Scheme was launched by the State Bank of India specifically for those people who reside in Tribal and Hill areas. It is a home finance scheme that is specially designed to assist people living in these areas from a financial perspective, since the mortgage of land or property is not possible in these locations. This loan can be applied for at an SBI branch closest to these areas. In case an individual does not currently live in any of the tribal or hilly locations, he or she can still avail of this scheme through his or her respective native village.

    Home Loan Offers

    What Can The SBI Tribal Plus Scheme Be Used For?

    The SBI Tribal Plus Scheme can be availed by any individual living in tribal and hill areas for the following purpose:

    • To construct, buy or acquire a brand new home or apartment
    • To buy or acquire an old house or apartment that has been in existence for not more than 10 years
    • To conduct repairs, renovations or expansions on any house or apartment that already exists

    Who Can Avail Of The SBI Tribal Plus Scheme?

    The SBI Tribal Plus Scheme is available to individuals residing in the following areas:

    • All individuals currently living in and around the tribal or hilly locations of Northeast India
    • Areas or locations surrounding:
      • Patna
      • Chandigarh
      • Lucknow
      • Bhubaneswar
      • Bhopal

    Advantages of the SBI Tribal Plus Scheme:

    The SBI Tribal Plus Scheme offers applicants living in hilly or tribal areas a number of advantages as outlined below:

    • Applicants can avail of this loan at extremely low rates of interest.
    • Interest is charged on the reducing balance on a day to day basis
    • There are absolutely no administrative fees or hidden charges
    • The documentation is simple and is kept to a bare minimum
    • Applicants do not need to provide any form of security to avail of this loan
    • There is zero penalty should an applicant decide to prepay his or her loan.
    • Zero prepayment charges help borrowers lower their interest over the long run and help them better manage their finances

    Eligibility Criteria for the SBI Tribal Plus Scheme

    Individuals looking to avail of the SBI Tribal Plus Scheme are required to fulfil the following eligibility criteria:

    • The minimum age of the applicant must be at least 21 years
    • The maximum age of the applicant should not be above 60 years
    • Applicants must be employed as per the following:
      • Employed permanently by any Central or State Government Undertaking
      • Employed permanently by a PSU or Public Sector Undertaking
      • Employed permanently by any reputable unit within the private sector
    • The applicant should be a Class I or Gazetted Officer for at least five years or for at least ten years for any other grade.
    • There should be a check-off facility available
    • Only individuals or tribal residing in hill areas surrounding the following locations are eligible for the scheme:
      • Northeast India
      • Patna
      • Chandigarh
      • Lucknow
      • Bhubaneswar
      • Bhopal
    • Individuals not currently living or residing in these locations are still eligible to avail of this loan in their native village

     

    Features of the SBI Tribal Plus Scheme:

    The main features of the SBI Tribal Plus Scheme are as follows:

    • There is no minimum loan amount that an applicant can apply for
    • The maximum loan amount that an applicant can apply for is 24 times his or her total monthly income, up to a maximum of Rs 5 lakhs. In this case, any income earned by the applicant’s spouse may also be taken into consideration, under the condition that the spouse in question is ready to act as a guarantor to the loan, and is currently permanently employed by any Private Sector Unit, Public Sector Undertaking or Government Unit.
    • The scheme offers repayment tenures of up to a maximum of 15 years
    • A minimum margin of 25% is expected

    Documentation Required for the SBI Tribal Plus Scheme:

    Individuals looking to avail of the SBI Tribal Plus Scheme are required to provide the following documents along with generally accepted documents such as identity and address proof:

    • An affidavit provided by the applicant in question stating that he or she holds sole ownership of the land he or she is residing on
    • Until the loan is actually liquidated, monthly installments towards the loan may also be accepted in the form of post-dated cheques
    • Under special circumstances, the applicant may have to also provide an agreement which states that he or she is willing to mortgage his or her plot of land

    Repayment Schedule for the SBI Tribal Plus Scheme:

    Applicants who have availed of the SBI Tribal Plus Scheme can make repayments towards their loan in the following manner, under the following conditions:

    • The loan should be paid back via EMIs over a duration of ten years
    • The applicant can avail of a repayment holiday, should he or she choose to do so, covering a certain period, depending on which of the following happens earlier:
      • The period of construction of the house
      • 1 year following the disbursal of the initial loan installment

    FAQs for SBI Tribal Plus Scheme:

    1. What are the processing fees involved when availing for a housing loan from the SBI Tribal Plus Scheme?

      A processing fee of 0.25% of the loan amount is applicable when applying for a loan through this scheme

    2. How is the loan disbursed under the SBI Tribal Plus Scheme?

      Disbursals of the loan will be carried out in the following manner:

      • In the case of construction of a house, the loan will be disbursed in phases mirroring the stages of construction
      • In the case of purchase of an already constructed house, the entire loan will be disbursed at one go.
    3. Is an applicant required to provide any form of security when availing of a loan through the SBI Tribal Plus Scheme?

      Usually no security is required under this scheme. However, the applicant may be required to provide some form of security should the bank explicitly required him or her to do so, in certain cases. 

     Loading your search... Loading your search...
  • SBI Tribal Plus Home Loan Reviews

    • SBI Home Loan
      "Easy and quick process"
      0.5 5.0/5 "Blown Away!"
      State Bank of India has offered me a home loan as well. The process to get the loan was not much. The documentation was simple and the disbursement happened on time too. The rate of interest and processing charges was also minimal for me. I had no hassles with the after loan services.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 23, 2017
    • 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
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.