State Bank of India Home Loan

State Bank of India offers Home loans that are Unique in its nature. A revolutionary product designed for customers who are on the look out for a source of finance for a property they want to invest in without mortgaging the same. All the customers have to do is pledge any financial security that they have and they will get a Home Loan for their dream home.

The few significant features of the house loans of SBI are:

No Administrative Charges or application fee

Prepayment penalty is recovered only if the loan is pre-closed before half of the original tenure (not recovered for bulk payments provided the loan is not closed)

Provision for downward refixation of EMI in respect of floating rate borrowers who avail Housing Loans of Rs.5 lacs and above, to avail the benefit of downward revision of interest rate by 1% or more

In-principle approval issued to give you flexibility while negotiating purchase of a property

Option to avail loan at the place of employment or at the place of construction

Attractive packages in respect of loans granted under tie-up with Central/ State Governments/ PSUs/ reputed corporates and tie-up with reputed builders.

Inbuilt provision to avail the loans on the expiry of each bloc of 5 years, the first bloc commencing on the expiry of 5 years from the date of sanction of original Home Loan.

Original Home Loan and all 'SBI-Optima' Home Loans/'SBI-HomeLine' Personal Loans can run concurrently

Comfortable repayment obligations - Tenure of the loans equal to the residual maturity of the original Home Loans

For further details on the home loans of State Bank of India, click on
the link: State Bank of India Home Loan