Business

Want To Buy Your Dream House? Check Latest SBI Home Loan Interest Rate in 2021

Buying a home will be one of the most significant decisions you will make and will involve a financial commitment for decades. You should be very prudent while making such a vital decision.  The first major step would be to scout  for the best deal that will suit your financial profile. At present, SBI Home Loan are available at reasonably affordable rates. There are various schemes to suit your requirement and the SBI Home Loan Interest Rates on each of these schemes are quite economical.

SBI Home Loan Interest Rates start at 6.80% p.a.and go up to 8.55% p.a.depending on the loan amount and the employment. There are several schemes under SBI Home Loans that have individual eligibility criteria and interest rates. 

Before applying for SBI Home Loan you should check for eligibility in order to avoid rejection of the loan application.

Features  and Benefits  of  SBI  Home Loans

  • Affordable interest rate starting at 6.80% p.a.
  • Flexible repayment  period extending up to 30 years
  • Nominal processing charges.
  • No prepayment charges
  • Balance Transfer available.
  • Top-up loan available.
  • An overdraft facility is available.
  • Tailor-made schemes.

SBI Home Loan Interest Rates for 2021

The following are the SBI Home Loan Interest Rates for 2021 

Home Loan Scheme ROI for Salaried ROI for Non-Salaried
Regular Home Loan Term Loan: 6.80% to 7.15% p.a.

MaxGain: 7.15% to 7.50% p.a.

Term Loan: 6.95% to 7.30% p.a.

MaxGain: 7.30% to 7.65% p.a.

SBI Flexipay Home Loan In line with credit rating
SBI Shaurya Home Loan In line with credit rating
SBI Privilege Home Loan In line with credit rating
SBI NRI Home Loan In line with credit rating
SBI Home Loan to Non-salaried In line with credit rating.
SBI Home Top Up  Loan Term Loan: 7.50% to 9.55% p.a.: 

Overdraft: 8.40% to 8.85% p.a.

Term Loan: 7.65% to 9.70% p.a

Overdraft: 8.55% to 9.00% p.a.

SBI Bridge  Loan First Year: 9.50% p.a.

Second Year: 10.50% p.a.

SBI Smart Home Top-up  Loan Term Loan: 8.05% p.a.

Overdraft: 8.55% p.a.

Term Loan: 8.55% p.a.

Overdraft: 9.05% p.a.

SBI Home Loan Balance Transfer 6.80% p.a onwards 6.95% p.a. onwards
SBI EMD Loan 10.45% p.a.
SBI Corporate Home Loan In line with credit rating
SBI Tribal Plus 10 bps above the final rate
ssSBI CRE Home Loan 50 bps above the final rate
SBI Insta Home Top-up Loan 8.20% p.a.
SBI Realty Homenoal 7.50% too 7.70% p.a.

SBI Home Loan Eligibility for SBI Home Loan Schemes

The SBI Home Loan Eligibility norms are unique to each of its schemes. Below are the details of criteria to be complied with to be eligible for SBI Home Loans

  • Nationality: Indian
  • Credit Score: 750 and above
  • Employment: Salaried or Self-employed
  • Age: 18 years to 70 years

Various  SBI Home Loan Schemes

Following are the different SBI Home Loan Schemes

Scheme Loan Amount Interest Tenure Processing charges
SBI Regular Home Loan Need-based and in line with income and market value of property Term Loan

6.80% onwards  for salaried individuals and 7.30% onwards for the self-employed

MaxGain

6.95% p.a.onwards for salaried individuals and 7.45% p.a. & above for the self-employed 

30 years 0.40% of the loan  amount 

Minimum: Rs.10000/- 

Maximum:

Rs. 30000/-

SBI Realty  Home Loan Maximum Rs.15/- Crores 7.50% to 7,70% p.a.depending on the loan amount 10 years
SBI Flexipay Home  Loan In line with eligibility Based on the credit rating 30 years
SBI NRI Home Loan In line with eligibility Based on the credit rating 30years
SBI Home Loan to Non-Salaried Between Rs. 50000/- to Rs. 50.00 Crores 15 bps in addition to the final rate 30 years
SBI Shaurya Home Loan In line with eligibility 6.75% to 7.10% p.a.where salary account is maintained with SBI

6.80% to 7.15% p.a.where salary account is not maintained with SBI depending on the LTV, risk  rating and the loan amount

30 years Fully waived
SBI Privilege Home Loan In line with eligibility 30years Fully Waived
SBI Bridge Loan Rs.20.00 lakhs to Rs. 2.00 Crores 1st year: 9.50% p.a.

2nd year: 10.50% p.a.

2 years 0.35% of the loan amount with a minimum of Rs. 5000/-
SBI Home Top-up  Loan In line with the eligibility 7.50% to 9.55% p.a.for Term Loan and 8.40% to 8.65% p.a.for overdraft depending on the amount 30 years 0.40% of the loan amount.

Minimum: Rs. 10000/-

Maximum: Rs. 30000/-

Yono Insta Home Top-up Loan In line with eligibility 6.75% to 7.10% p.a.for term loan and 7.10% to 7.35% p.a.for MaxGain  depending on the loan amount, LTV ratio and credit rating Overdraft facility  Rs. 2000/- flat
SBI Smart Home Top-up Loan Rs. 5.00 lakhs 8.05% p.a.for Term Loan and 8.55% p.a.for overdraft for loans to salaried individuals.

An additional 50 bps for the self-employed 

20 years Rs. 2000/- flat
SBI EMD Rs.15.00 lakhs for CSP/DSP account holders and Rs. 10.00 lakhs for others 10.45% sp.a. 12 month 0.50% of the loan amount. Minimum Rs. 1000/-
SBI Corporate Home Loan In line with eligibility Based on credit rating 0.50% of the loan amount. Minimum: Rs. 50000/-

Maximum: Rs. 10.00 lakhs

SBI CRE Home Loan As per eligibility 50 bps in addition to the final rate 30 years 0.35% of the loan amount

Minimum:  Rs. 5000/-

SBI Tribal Plus Home Loan Up to Rs. 10.00  lakhs Additional 10 bps to the final rate 15 years 0.40% of the loan amount. 

Minimum: Rs.10000/-

Maximum: Rs. 30000/-

Apart from the above schemes, there a few specific schemes under SBI Home Loans and the details are as given below:

  • SBI Green Home Loans: Wherein the loan is provided for investment in Green Projects i.e, projects that enhance Renewable Energy by reducing Carbon Emission.
  • SBI Pre-EMI by Builders’ Scheme: For approved projects having a tie-up with SBI wherein the builders service the EMI in part or full during the moratorium period. This is the incentive given to customers to boost sales.
  • SBI Suraksha Scheme: To fund the premium for the SBI Home Loan linked insurance policy.

SBI  Home Loans are ideal for customers who are looking for an economical deal with variety.

Pagalmovies is the best website for you to download the latest movie at no cost. You can also download free movie from this Tamilmv.

Related Articles

Leave a Reply

Back to top button