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.
At least 18 years old
Less than 60 years old
Salaried or self-employed
with regular income
Earn more than the minimum
Earn more than the minimum
Loan capped @ 80% to 85% of property value
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 30 years
Alternatively add your parents
|Interest Rate||8.85% to 9.20%|
|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/-
|Loan Tenure||30 Years|
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.
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:
Applicants applying for a home loan at State Bank of Hyderabad are required to fulfil the following eligibility criteria:
State Bank of Hyderabad allows its customers to check their eligibility for home loan by visiting their website.
Applicant need to present the following documents to the bank, while applying for a home loan:
|1 Month MCLR||9.00%|
|3 Month MCLR||9.10%|
|6 Month MCLR||9.15%|
|1 Year MCLR||9.25%|
State Bank of Hyderabad offers home loan to its customers with the following features:
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.
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.
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.
Yes, the amount of fee payable towards CERSAI for a SBH home loan is Rs.500, which is charged for creation.
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.
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