SBI Home Loan is the country’s largest mortgage provider, successfully helping over 3 million families realize their dream of homeownership.
Learn more about SBI Home Loan mortgage
Voted as the “Most Preferred Home Loan Provider” at the Awaaz Consumer Awards and the most preferred bank in the TV18 survey, SBI Home Loans are based on trust and transparency, offering options for construction, pre-existing, ready-to-move-in properties, expansion, and repair/renovation.
The main features of SBI Home Loan are:
✅ Home loan products are tailored to every customer’s need
✅ Loan amount range depends on your credit score
✅ Interest rates depend on the total loan amount, but SBI guarantees competitive rates
✅ No hidden charges
✅ No prepayment penalty
✅ Interest charges on daily basis
✅ Repayment tenure up to 30 years
✅ Home loans available as overdraft
✅ Interest concession for women borrowers
Who is of SBI Home Loan for?
For Indian residents aged 18 to 70 who seek a home loan for up to 30 years, it’s necessary to prepare a series of documents to facilitate the application process.
Required documents generally include a properly completed loan application form with recent passport-sized photographs; proof of identity and residence, such as PAN, passport, or driver’s license, and utility bills or similar documents; proof of income, demonstrating the applicant’s repayment capacity, such as bank statements, salary slips, or income tax returns; and documents related to the desired property.
It’s important to note that documentation requirements may vary based on the bank’s specifics and the type of loan, so it’s advisable to consult the bank directly for an exact list of required documents.
Stay informed!
Before applying for a home loan from SBI, assess your financial situation, ensure your credit score is good, and understand all the loan terms. Keep your documents ready and explore available discounts for more favorable conditions.
Authors’ opinion
In addition to home loans, the State Bank of India (SBI) is one of India’s most prestigious financial institutions, offering a plethora of loans, credit, and debit cards. Renowned for its reliability and trustworthiness, SBI provides a wide range of financial solutions tailored to diverse needs.
Whether you’re seeking vehicle financing, personal loans, or business loans, SBI has you covered with competitive rates and flexible terms. Additionally, SBI’s credit and debit cards offer convenience and security, seamlessly integrating into your daily transactions and providing special benefits and rewards.
With its extensive network and customer-centric approach, SBI ensures access to financial services and excellence across India.
Apply now!
Are you interested in an SBI Home Loan and would like to apply? Then click the button below to view interest rates and apply now.