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    State Bank of Hyderabad Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.70% Fixed
    5,000 to ₹10,000 One time fee
    -
    30 Years
    Response Time Within 30 minutes

    State Bank of Hyderabad Home Loan is Rated as "Excellent!" by 30 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    State Bank of Hyderabad is an associate bank of State Bank of India (SBI), and is one of the scheduled banks in India. The Bank's head office is situated at Gunfoundry Area, in Hyderabad, India. SBH has over 1,500 branches and about 12,800 employees. It is now the largest Associate Bank of State Bank of India. SBH has 1000 branches in Andhra Pradesh alone, giving it the third largest branch network in the state. The bank has performed well in the past decades, winning several awards for its banking practices. Eligibility for availing home loan is the individual(s) over 18 years of age with steady source of income, including persons engaged in agriculture & allied activities.All you have to do is to follow some simple steps to get attractive deals.


     

    You’re probably eligible for an State Bank of Hyderabad Home Loan if you are

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    State Bank of Hyderabad Home Loan Minimum Age

    At least 18 years old

    State Bank of Hyderabad Home Loan Maximum Age

    Less than 60 years old

    State Bank of Hyderabad Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    State Bank of Hyderabad Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your State Bank of Hyderabad Home Loan amount eligibility is based on these factors

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    State Bank of Hyderabad Home Loan Minimum Salary

    Earn more than the minimum
    income required

    State Bank of Hyderabad Home Loan Maximum Loan to property value

    Loan capped @ 80% to 85% of property value

    State Bank of Hyderabad Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible State Bank of Hyderabad Home Loan amount by these steps

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    State Bank of Hyderabad Home Loan Add Spouse as Co-applicant

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

    State Bank of Hyderabad Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    State Bank of Hyderabad Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an State Bank of Hyderabad Home Loan

    • 1. Signed application form with photograph
    • 2. Processing fee Cheque
    • 3. Latest bank statements
    • 4. ID and residence proof
    • 5. Documentation for salaried applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
    • 6. Documentation for self-employed applicants:
      • latest income tax returns
      • latest comupation of income

     

    State Bank of Hyderabad Home Loan Interest RatesUpdated on 09 Dec 2016

    State Bank of Hyderabad Home Loan Details
    Interest Rate 9.70%
    Processing charges Up to Rs. 25.00 lacs- 0.25% of loan amount subject to minimum of Rs.5,000/-
    Above Rs. 25.00 lacs to Rs. 75.00 lacs- Rs.6,500/-
    Above Rs. 75.00 lacs- Rs.10,000/-
    Pre-closure Charges Nil
    Loan Tenure 30 Years

     

    Overview:

    The State Bank of Hyderabad or SBH is the largest associate of the State Bank of India. With its headquarters in Hyderabad, it has spread its network all over India with 1500 branches. The bank caters to customers with different home loan requirements. State Bank of Hyderabad provides loans for the purpose of house construction, house purchase, improvement of the house or renovation and repair and even home furnishing. The bank also offers home loans for NRIs customized to suit their requirements.

    State Bank of Hyderabad Home Loan:

    Home loans from State Bank of Hyderabad can be availed by customers through a smooth and hassle-free process. There are no hidden charges charged by the bank while providing this home loan. The home loan comes with flexible repayment options making it an ideal choice for most customers. Attractive features such as economical processing fees, easy documentation process, quick processing, no hidden charges and daily reducing balance, makes SBH home loan one of the best in the market.

    State Bank of Hyderabad provides home loans for the following purposes:

    • Buying a new house or flat.
    • Construction of a new house.
    • Buying an already existing house or flat or extension of house.
    • Repair or renovation of house.
    • Loan takeover from other banks.
    • Buying a plot.
    • Furnishing house.

    SBH Home Loan Eligibility:

    Applicants applying for a home loan at State Bank of Hyderabad are required to fulfil the following eligibility criteria:

    • Applicant should be minimum 18 years old and maximum 60 years old to be eligible for a SBH home loan.
    • A home loan is only granted based on borrower’s repayment capacity, which is calculated based on the following factors:
      • Borrower’s age.
      • Number of dependants on the borrower.
      • Borrower’s income.
      • Qualification of the applicant.
      • Income of the borrower’s spouse.
      • Job stability of applicant.
      • Assets and liabilities of borrower.

    State Bank of Hyderabad allows its customers to check their eligibility for home loan by visiting their website.

    Documents Required for SBH Home Loan:

    Applicant need to present the following documents to the bank, while applying for a home loan:

    • Duly filled application form.
    • ID proof such as a copy of Voter ID, Driving License or Passport. The proof should be a valid one and should have the applicant’s photograph, along with the name validating the identity of the borrower.
    • Residence proof in the form of electricity or telephone bill, Ration card, rental agreement or even Passport will do. Copy of any one of the documents can be submitted, however the address mentioned should be correct as it is important in the bank’s verification process.
    • Bank passbook of applicant from last six months or bank statement from the last three months. These documents serve as income proof of borrower as well as help in analysing the individuals’ credit worthiness.
    • If self-employed, the applicant must present last three years’ audited balance sheet and profit and loss account certified by a CA.
    • Salary slip or the most recent salary certificate and Form – 16, displaying the applicant’s net income.
    • Latest ITR filed by the applicant.
    • Agreement sale of the house or flat, against which home loan is being taken or proof of membership at co-operative societies.
    • Estimated value of construction or legal opinion from a bank approved engineer or lawyer on the property or a valuation report for land acquisition.
    • Processing fees towards State Bank of Hyderabad, in the form of cheque.

    Features of SBH Home Loans:

    State Bank of Hyderabad offers home loan to its customers with the following features:

    • Interest Rate: SBI home loan can be availed at 9.70%, while SBH Maxgain can be availed at 9.80%.
    • Loan Amount: SBH decides on the maximum loan based on the lowest among the options given below:
      • Cost of the land, house of flat, extra costs, stamp duty fees, registration fees, service tax, property insurance charges and other dues.
      • Allowed EMI/NMI ratio.
      • Maximum LTV (Loan to Value) ratio permitted.
    • Loan Tenure: SBH offers home loans with repayment tenure of maximum 30 years. Customers can choose any term within 30 years for paying off the home loan. As the tenure is longer, the possibility of EMI installments being lower are high as they are spread out over a long duration of the loan. However, the bank also allows borrowers to choose a shorter term such as 15 or 20 years for loan repayment. Loan repayment should be completed e by the time borrower reaches 70 years.
    • Loan Margin: The loan margin for the SBH home loan is based on the loan amount and as follows:
      • Upto Rs.20 lakh – 15%
      • Above Rs.20 lakh – 20%
    • EMI/NMI Ration: The bank determines loan repayment capacity based on the EMI (Equated Monthly Installments) to NMI (Net Monthly Income) ratio. The ratio is calculated based on income and is as follows:
      • Upto Rs.60,000 – 20%
      • Rs.60,000 – Rs.1,20,000 – 25%
      • Rs.1,20,000 – Rs.2,00,000 – 30%
      • Rs.2,00,000 – Rs.5,00,000 – 50%
      • Rs.5,00,000 – Rs.10,00,000 – 55%
      • Above Rs.10,00,000 – 65%
    • Loan Repayment: SBH home loan repayment can be done in the following ways:
    • Salaried

      • Using the Check off Facility, employer credits the borrower’s salary into the specified branch account, from which the loan EMI is deducted.
      • Loan repayment via Electronic Clearing Services (ECS).
      • Standing instructions on the account with the bank.
      • Through PDCs (Post Dated Cheques) throughout the loan tenure.

      Non-Salaried

      • Through ECS.
      • Using Post-dated cheques.

    FAQs:

    1. I want to apply for a home loan from State Bank of Hyderabad. Can my wife be the co-applicant for the home loan?

      Yes, your wife can apply as a co-applicant for the home loan at SBH. She may or may not be the co-owner of the property towards which the loan is being taken.

    2. What can I provide to SBH as security while taking a home loan?

      The bank accepts the property’s mortgage as security towards home loan being availed for the same. If the loan is being taken for a house under construction, the bank may demand additional security, temporarily.

    3. What are the processing fees charged by the State Bank of Hyderabad for a home loan?

      SBH charges 0.25% of the loan amount (minimum of Rs.5000) for loans up to Rs.25 lakh. While the bank charges Rs.6,500 for loan amounts between Rs.25 lakh to Rs.75 lakh and Rs.10,000 as processing fee for loan amount above Rs.75 lakh.

    4. Will I have to pay any charges towards CERSAI? If yes, how much?

      Yes, the amount of fee payable towards CERSAI for a SBH home loan is Rs.500, which is charged for creation.

    5. What are SBH’s Equitable Mortgage charges for home loan?

      There are no equitable mortgage charges for home loan up to Rs.1 lakh, while Rs.200 per lakh is charged for home loans above Rs.1 lakh, up to a maximum of Rs.11,200.

    News About State Bank of Hyderabad Home Loan

    • SBH Launches Nationwide Campaign To Promote Housing Loans

      State Bank of Hyderabad (SBH), an associate banking institution in the State Bank group, has launched a nationwide Housing Loan campaign christened, Monsoon Dhamaka - 2015 across its 1800 strong network of branches in the country.

      During this promotional offer, home loans are made available at reduced rate of interest, zero processing fee and EMI per lakh is slashed to Rs.882 per month. As an incentive to these attractive features, no prepayment penalty is levied in case of premature closure of the loan account. SBH has been performing well in Personal Segment Advances in previous fiscal propelled by the housing loan portfolio. The bank is aiming at a growth of 21 percent during the current FY in this sector.

      8th July 2015

       

    State Bank of Hyderabad Home Loan Reviews

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