SBI Home Loan Calculator: Rs 50 lakh for 20 years at 6.7% – This will be your NDE | Check how to apply online, required documents and more

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SBI Home Loans: India’s largest lender, State Bank of India (SBI), claims to have helped over 30 lakh families achieve the dream of owning a home. The bank says it offers personalized home loans according to individual needs with home loans such as regular home loan, SBI Privilege home loan for government employees, SBI Shaurya home loan for military personnel. and Defense, SBI MaxGain Home Loan, SBI Smart Home, Complementary Loan for Existing Customers, SBI NRI Home Loan, SBI FlexiPay Home Loan for Larger Loans, and SBI HerGhar Home Loan for Women.

Features and Benefits

– Low interest rates

-Zero processing fees

-No hidden or administrative costs

– Concession of interest for women borrowers

– First home loans linked to credit score

-No penalty for early repayment

-Calculation of interest on a declining daily balance

-Real estate loan also available overdraft

Mortgage term – 3-30 years

Interest rate – SBI offers home loans linked to credit score at just 6.70% regardless of loan amount

SBI Home Loan Calculator – This basic calculator will help you calculate EMI, monthly interest, and monthly declining balance based on principal amount, loan term, and interest rate. Customers can indicate the desired mortgage amount, number of years and interest rate (6.70%) to get their EMI figure.

https://homeloans.sbi/calculators

Illustration of EMI Calculation for Home Loan of Rs. 50 lakh for 20 years at 6.70% (for representation purposes only)

Apply Online – Clients can click on the link below to apply for the home loan, fill out the required information, verify eligibility and get the loan quote:

https: //onlineapply.sbi.co.in/personal-banking/home-loan? se = SBI-Microsit …

Getting a mortgage with YONO SBI – Step by step guide

-Log in to your YONO account

-On the home page, click on the menu (three lines) at the top far left

-Click on loans

– Click on Mortgage loan

-Do a quick eligibility check by providing your date of birth

-Enter your source of income

– Enter your net monthly income

-Details of any other loan

-Check the amount of your eligible loan and proceed

-Fill in the other required details and click submit

– You will get a reference number and an SBI executive will call you shortly

Documents required to benefit from the loan

Employer identity card

Loan application: Loan application form duly completed and affixed with 3 passport-size photographs

Proof of identity (any person): PAN / passport / driving license / voter ID card

Proof of residence / address (any person): recent copy of telephone bill / electricity bill / water bill / piped gas bill or copy of passport / driver’s license / Aadhar card

Ownership documents:

Building permit (if applicable)

Registered sales contract (Maharashtra only) / Letter of award / Stamped sales contract

Certificate of occupancy (in case of property ready to move)

Action certificate (only for Maharashtra), maintenance bill, electricity bill, property tax receipt

Copy of approved plan (Xerox Blueprint) and registered builder development contract, deed of assignment (for new properties)

Payment receipts or A / C bank statement showing all payments made to the builder / seller

Account statement:

Bank account statements for the last 6 months for all bank accounts held by the applicant (s)

If a previous loan from other banks / lenders, then A / C statement of the loan for the last year

Proof of income for the employee / co-applicant / guarantor:

Salary slip or salary certificate for the last 3 months

· Copy of form 16 for the last 2 years or copy of IT declarations for the last 2 years, recognized by the IT department.

Proof of income for the non-salaried applicant / co-applicant / guarantor:

Proof of professional address

Computer returns for the last 3 years

Balance Sheet & Profit & Loss A / c for the last 3 years

Details of the commercial license (or equivalent)

TDS certificate (Form 16A, if applicable)

Certificate of qualification (for CA / Doctor and other professionals)


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