A "low interest" loan shouldn't mean you have very little interest in paying it back!
  •  Loading your search... Loading your search...
  • State Bank of Hyderabad Home Loan Reviews

    • State Bank of Hyderabad Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had got 25Lakhs as home loan from SBI. Their services are too fast. They disbursed the amount within four days. Even they had given top up in eighty days from the day of disbursed. Most importantly, their charges like interest rate, processing fees and other charges are very low with SBI.
      Was this review helpful? 0
      , solapur
      Reviewed on Apr 07, 2017
    • State Bank of Hyderabad Home Loan
      "Its Execellent"
      0.5 4.0/5 "Great!"
      I am very much happy with SBH, I have taken the home loan before four years. I didn't face any hassle with ECS part its getting debited automatically from my account. I almost contacted five banks for the home loan but SBH responded well on time and done the disbursement.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 13, 2017
    • State Bank of Hyderabad Home Loan
      "Convenient Bank"
      0.5 5.0/5 "Blown Away!"
      I had taken my home loan with SBH for 3 years back. SBH Bank has offered a very good service. There was no verification process, they had disbursed my loan within 10 working days. Rate of Interest was 9.25% , and processing fees was 0.5% from loan amount regards RBI norms. They has deducted only 2300 for valuation.It was a nice experience for my home loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 02, 2017
    • State Bank of Hyderabad Home Loan
      "Good Bank"
      0.5 4.0/5 "Great!"
      I had taken my home loan with SBH Bank. The overall process was good, But they follow the verification process which was strict . I am unable to visit the bank, because the branch was very far away for me, the traveling will take around 2 hours. Other wise I am very much happy with the process. Interest rate is also nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 02, 2017
    • State Bank of Hyderabad Home Loan
      "Great offer in Festival Season"
      0.5 4.5/5 "Excellent!"
      SBH provided good festival offer in October 2016, It worked as domestic sector within 15 days they processed my home loan application. They offered the best interest rate around 8.90% and there was no processing fee. SBH offered the requested amount of Rs. 36 Lakhs, But they disbursed the amount in two slots based on my possession of my apartment.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 06, 2017
    • State Bank of Hyderabad Home Loan
      "SBH is Chor bank "
      0.5 1.0/5 "Really Bad"
      The SBH is one of the most chor type PSU bank in India , there policies are not clear their home loan interest rate is ever higher than any of bank in india even co-operative bank,. They are looting customer like anything from buying insurance from their branch while taking the loan. Their current interest rate is 9.75 % which highest among all the banks. switch charges are also one type of loot 1% every time. This bank should punished by RBI immediately or merger on ASAP basis with SBI. Staff is also not operative all are like evil seating on the chairs to loot the customers.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jan 05, 2017
    • State Bank of Hyderabad Home Loan
      "Lengthy documentation part"
      0.5 4.0/5 "Great!"
      The length of the process was not a normal one. They took a lot of time to process the loan request. It was definitely not a normal turn around time as they took around 4 to 5 months of time. Also, they dont have a particular lawyer. I had been asked to sign multiples times and the lawyer did not find time to complete the process.
      Was this review helpful? 0
      , chandrapur
      Reviewed on Nov 05, 2016
    • State Bank of Hyderabad Home Loan
      "Responded quickly "
      0.5 5.0/5 "Blown Away!"
      Currently I have my home loan running with State Bank of Hyderabad and this was taken before 6 years. I would term my experience aS awesome, as the loan was processed too quick. I applied for it in the morning and got it by the evening. The interest rate offered was 9.25% and they did not charge me any processing fee as well which was excellent.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 09, 2016
    • State Bank of Hyderabad Home Loan
      "Not transparent enough "
      0.5 1.0/5 "Really Bad"
      I have a home loan with State Bank of Hyderabad which I took 2 years back.They offered 10.25% interest rate on floating basis with no processing charges. The loan tenure is 20 years and I had a life insurance policy which they did not mention during discussion for which I had to pay Rs.20k. I faced some issue with their net banking for about 8 months and it was an average experience overall.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 29, 2016
    • State Bank of Hyderabad Home Loan
      "Long process"
      0.5 3.0/5 "Satisfactory"
      The service provided was quite average with State bank of Hyderabad related to the home loan process.They have taken around 6months to complete the process.They take much time on the verification and processing of the loan.In my home town there is a facility of using this bank only so that was the reason for taking the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 07, 2016
    • State Bank of Hyderabad Home Loan
      "Hassle free experience"
      0.5 5.0/5 "Blown Away!"
      Taking a home loan from State Bank of Hyderabad is a hassle free experience. Being a government one the bank is very good and offers a nominal interest rate. It was within a week my loan got disbursed. I am happy with the loan process and would definitely suggest this bank to others.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Mar 19, 2016
    • State Bank of Hyderabad Home Loan
      "Happy process"
      0.5 4.0/5 "Great!"
      I recently took a home loan from State Bank of Hyderabad and I am quite happy with the entire process. Customer care executives delayed in responding me. Whereas the interest rate was competitive in the bank. Loan disbursement was within a week and I got the amount I required.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 08, 2016
    • State Bank of Hyderabad Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      State Bank of Hyderabad is taking a very less time to disburse to home loan .Rate of interest charged was 9.75% and there was no processing fee only documentation charges was there which was nominal. They required only simple documents for the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2016
    • State Bank of Hyderabad Home Loan
      "Overall good..."
      0.5 5.0/5 "Blown Away!"
      It was an quiet good experience with SBH Bank. They offered me an Home loan. I got loan approved within one or two days. Disbursement also they dint took much time it was within a week. I have taken it from SBH, last year only and they offered 9.8%interest rate.
      Was this review helpful? 0
      , delhi
      Reviewed on Mar 02, 2016
    • State Bank of Hyderabad Home Loan
      "Need proper response...."
      0.5 3.5/5 "Pretty good"
      Based on my salary account I approach SBH for an Home loan which was last 2 year ago. But the thing is they required lots of documents. Also I did not received response from Nellore branch so, I dropped my plan of taking loan from them. They should consider their account holders.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2016
    • State Bank of Hyderabad Home Loan
      "Very nice servcie"
      0.5 4.0/5 "Great!"
      State bank of Hyderabad is giving 9.7% interest rate for the home loan on the reducing basic. The processing time they took to disburse the amount was four to five days after the documentation process. The branch manger came for the verification. The process was very smooth.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 22, 2016
    • State Bank of Hyderabad Home Loan
      "satisfied..."
      0.5 4.0/5 "Great!"
      Actually this is a pre approved home loan and that is under progress. The rate is less than private bank. State Bank of Hyderabad has organized one stall at my company premises and there I visited the manger for the home loan. Than the private banks, public sectors has standard policies.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 04, 2016
    • State Bank of Hyderabad Home Loan
      "Easy loans!"
      0.5 4.0/5 "Great!"
      In the initial days of loan processing State Bank of Hyderabad took a long time to process the application. We reached the branch many times for documentation. They offered me floating interest rate foe home loan. I would suggest them to provide separate service desk over the phone.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 25, 2016
    • State Bank of Hyderabad Home Loan
      "Managers are helpful.."
      0.5 3.0/5 "Satisfactory"
      Managers of this bank are amazing and they are very aggressive. We can directly call the managers on their mobile as they revert instantly. Though the rate comes down the State Bank of Hyderabad is charging the same rate as they are reducing that, which is my concern. Rate is 10.25% for home loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2015
    • State Bank of Hyderabad Home Loan
      "Not good"
      0.5 2.0/5 "Expected more"
      The rate of interest offered by SBH was quite exhortant the rate of interest was floating. I was not informed about the rate of interest in the first place. I am getting timely communication. It would be great the staff responds well. The staff is not good , their contact numbers were incorrect and I am unable to connect with them.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 07, 2015
    Common Loader Icon

    State Bank of Hyderabad Home Loan is Rated as "Great!" by 36 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN
    rated 4.0/5.0 by 36 users

    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

    01
    02
    03
    04
    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

    01
    02
    03
    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

    01
    02
    03
    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 24 Jul 2017

    State Bank of Hyderabad Home Loan Details
    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/-
    Pre-closure Charges Nil
    Loan Tenure 30 Years

     

    SBH Home Loan

    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.

    SBH Home Loan MCLR:

    The MCLR announced by SBH as on December 1, 2016 are given in the table below.
    TENOR MCLR
    Overnight MCLR 8.80%
    1 Month MCLR 9.00%
    3 Month MCLR 9.10%
    6 Month MCLR 9.15%
    1 Year MCLR 9.25%

    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, GST, 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.

    SBH Home Loan FAQ

    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

       
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.