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

    State Bank of Bikaner and Jaipur Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.55% Floating
    0.25% (max. ₹10,000)
    10L - 3Crs
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria

    State Bank of Bikaner and Jaipur Home Loan is Rated as "Great!" by 6 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    State Bank of Bikaner & Jaipur (SBBJ) is an associate bank of State Bank of India. As of 2012, SBBJ had 1,037 branches, mostly located in the state of Rajasthan, India. Its branch network out of Rajasthan covers all the major business centers of India. In 1997, the Bank entered in the capital market with an Initial Public Offering of 13,60,000 shares at a premium of Rs 440 per share. SBBJ will be a right partner to purchase and own a house. Enjoy the SBBJ Advantages with its extensive features and competitive interest rates will help you in making your dream true


     

    You’re probably eligible for an State Bank of Bikaner & Jaipur Home Loan if you are

    01
    02
    03
    04
    State Bank of Bikaner & Jaipur Home Loan Minimum Age

    At least 21 years old

     State Bank of Bikaner & Jaipur Home Loan Maximum Age

    Less than 60 years old

    State Bank of Bikaner & Jaipur Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    State Bank of Bikaner & Jaipur Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your State Bank of Bikaner & Jaipur Home Loan amount eligibility is based on these factors

    01
    02
    03
    State Bank of Bikaner & Jaipur Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    State Bank of Bikaner & Jaipur Home Loan Maximum Loan to property value

    Loan capped @ 75% of property value

    State Bank of Bikaner & Jaipur Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible State Bank of Bikaner & Jaipur Home Loan amount by these steps

    01
    02
    03
    State Bank of Bikaner & Jaipur Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    State Bank of Bikaner & Jaipur Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    State Bank of Bikaner & Jaipur Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an State Bank of Bikaner & Jaipur Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Last 3 months bank statements
    • 4. Latest Salary certificate/ Last 3 months Salary-slips
    • 5. Documentation for salaried applicants:
      • Form 16/Income tax returns (2 years)
    • 6. Documentation for self-employed applicants:
      • Income Tax Returns for latest year

     

    State Bank of Bikaner & Jaipur Home Loan Interest RatesUpdated on 30 Sep 2016

    State Bank of Bikaner & Jaipur Home Loan Details
    Interest Rate 9.55%
    Processing Fees 0.25% of Loan Amount or Rs.10,000 whichever is minimum
    Loan Tenure 1 year to 30 years
    Pre-closure Charges Nil
    Partial PrePayment Charges Nil

     

    Overview:

    Most of us dream of the day that we do not have to worry about the stringent rules that our landlords impose on us. The day that we can call our home our own. To make our dreams come true, we need a little help financially. If you have been looking for such help, SBBJ Home Loan may be exactly what you need. SBBJ (State Bank of Bikaner and Jaipur) Home Loan provides home loans that have flexible tenures, hassle-free loan application process and attractive interest rates. SBBJ Housing Loan can be used for anything from purchasing the property to spending for home renovation.

    SBBJ Home Loan Features and Benefits:

    • High Eligibility for Businessmen
    • Doorstep Service
    • Low Interest Rates
    • Simple Documentation
    • Quick Turnaround time
    • Margin: Loan up to Rs.1 crore; 20%. Above Rs. 1.00 crore; 25%
    • Possibility of getting high loan amount
    • Property types: Purchase of plot/house/flat, construction, extension, renovation and refurbishing
    • Loan tenure: You may avail loan tenures up to 30 years.
    • Other features include: SBBJ Realty SBBJ Maxgain, NRI Housing loan scheme and SBBJ
    • Flexi Housing Loan
    • Individuals are eligible to apply for this loan
    • Security: Mortgage/ Eq. mortgage of the property proposed to be purchased/constructed/improved or any other tangible security Guarantee of spouse/son/daughter if income is clubbed.
    • PDCs for EMI.
    • Repayment: Repayment must be done in the span of maximum 30 years including moratorium period. SBBJ does not charge customers for Pre-closure /pre-payment penalty.
    • Repayment must be completed by the time the borrower reaches 70 years.

    SBBJ Home Loan Fees & Charges:

    Processing fee:

    You will not be charged for processing fee for loan amounts up to Rs.25,000. If the loan amount is above Rs. 25,000, you will be charged 0.25% of the loan amount, for both regular and online home loans (minimum Rs. 500 and maximum of Rs. 10,000).

    You will not be charged processing fee for home loans that are booked until the date 31/3/2016.

    State Bank of Bikaner and Jaipur Home Loan Interest Rate:

    State Bank of Bikaner offers home loans at a floating interest rate of 9.55% from loans starting from Rs.10,00,000 to 3 crore for a maximum tenure of over 30 years. The main aim of the bank is to offer low interest rates to its customers.

    State Bank of Bikaner and Jaipur MCLR Rate for Home Loans:

    The State Bank of Bikaner and Jaipur has set its Marginal Cost of Funds Based Lending Rate (MCLR) for its home loans at 9.70%. The new rate came into effect as on April 1st 2016 and is applicable to all home loan products offered by the bank including the following:

    • SBBJ Realty
    • SBBJ Flexi Loan
    • NRI Housing Loans

    The MCLR Rates set by State Bank of Bikaner and Jaipur are as follows:

    Loan Amount MCLR Rate
    Upto Rs 75 Lakhs 9.70%
    More Than Rs 75 Lakhs 9.70%

    SBBJ Home Loan Eligibility:

    These are the criteria that you must fulfill in order to be eligible for a SBBJ Housing Loan:

    Minimum age 21 years
    Maximum age on maturity of loans 70 years
    Maximum Loan Amount If your income is up to Rs. 2.00 lacs, you can borrow an amount which does not exceed 40%. If your income is between Rs. 2.00 lacs and Rs. 5.00 lacs, you can borrow an amount which does not exceed 50%. If your income is above Rs. 5.00 lacs, you can borrow an amount which does not exceed 55%. The incomes of spouse /son/ daughter (any two) can be clubbed for the amount as well. If you are in business, the loan amount will be considered on the basis of sales if the loan amount is more than Rupees 2.00 lakhs.
    Maximum Tenure period If you are a salaried applicant, you can take up to 30 years to repay

    Documentation for SBBJ Home Loans:

    The documents required for a SBBJ Home loan will vary depending on the applicants’ nature of employment and income source. You will need to provide proof of income, your photographs, duly filled out application as well as proof of residence. You will have to contact the bank for more details about which documents in particular you will have to provide.

    Why Apply for SBBJ Housing Finance Home Loan through BankBazaar?

    The benefits of applying for SBBJ Home Loan through BankBazaar are plenty:

    • Get Instant Home Loan Quotes:

      It is quick and hassle-free to apply for a home loan through Bankbazaar. Any queries that you may have regarding the loan can be answered promptly by the diligent customer support team of BankBazaar.com. The instant rate quotes and quick approvals at the touch of a finger make it possible for you to be on the way to owning your own home from the comforts of your home.

    • Compare Home Loan Offers:

      There are so many options out there when it comes to home loans in India. Bankbazaar.com will compare them all and help you narrow down on the options. All you have to do is simply answer a few questions and BankBazaar.com will take care of the rest.

    • Get all the Information that you need:

      Any information that you may need in regard to the loan, Bankbazaar.com will have it. From the fees and charges for home loan, prepayment penalty, tenure and documents required and much more, bankBazaar.com is your complete guide.

    • Save Money and Time:

      Your money and time is equally important. You will be saving both when you use BankBazaar to do your comparisons for you. Instead of going from bank to bank collecting brochures and information, everything from eligibility criteria, interest rates and other details can be found out while sitting in your pajamas.

    How to Apply for SBBJ Housing Finance Home Loans through BankBazaar?

    Following are the steps you need to follow to apply for a SBBJ Housing Finance Home Loans on BankBazaar.com.

    • Visit the BankBazaar home page. Select “Loans” and then, “Home Loans” from the drop down menu.
    • There will be a page that displays options for getting a quote or searching more information about home loans, here, select “Get a Quote”.
    • There will be a list of banks that provide housing loans. Select “SBBJ”.
    • You will be led to a page where you will have to answer a few simple questions. For example; your total work experience, city of residence, employment type, date of birth, income, city in which property is based, cost of property etc.
    • Now you can get a quick quote. Choose the checkout option to apply for a home loan. At this point you need to provide further information like your name, contact details and employment details.
    • Once you have submitted the home loan application, BankBazaar will send you a confirmation email. SBBJ will take over for further processing and you will receive a call from their customer support team to further your application.

    FAQs:

    • How is my home loan repayment capacity determined?

      SBBJ Housing Finance decides the maximum loan amount that one can borrow based on the applicant’s repayment capacity. This is calculated based on factors such as age, income, savings history, co-applicants’ age, assets, liabilities and more.

    • How do I use the Home Loan EMI Calculator?

      You can calculate the monthly EMI for your loan amount by using an online home loan EMI calculator. You will have to put in details like the tenure, loan quantum, interest rate and processing charges into the calculator which will generate the monthly EMI amount as well as the repayment history. Having these numbers will help you decide if you can afford the loan.

    State Bank of Bikaner and Jaipur Home Loan Reviews

    Common Loader Icon
    reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.