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.
The SBI Tribal Plus Scheme can be availed by any individual living in tribal and hill areas for the following purpose:
The SBI Tribal Plus Scheme is available to individuals residing in the following areas:
The SBI Tribal Plus Scheme offers applicants living in hilly or tribal areas a number of advantages as outlined below:
Individuals looking to avail of the SBI Tribal Plus Scheme are required to fulfil the following eligibility criteria:
The main features of the SBI Tribal Plus Scheme are as follows:
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:
Applicants who have availed of the SBI Tribal Plus Scheme can make repayments towards their loan in the following manner, under the following conditions:
A processing fee of 0.25% of the loan amount is applicable when applying for a loan through this scheme
Disbursals of the loan will be carried out in the following manner:
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.