SBI Privilege Home Loan March 2018 – Interest Rate, Eligibility, EMI, Documents Online

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SBI Privilege Home Loan March 2018 – Get Quotes and eligibility on State Bank of India (SBI) Privilege Home Loan on the premise of ✓ Interest Rate ✓ Loan Amount ✓ Customer Profile ✓ Eligibility ✓ Loan EMI ✓ Processing Charges ✓ Documents ✓ Customer Care ✓ Help-line Number & more.

Sr. No

SBI Corporate Loan

Details

1.

Bank/Lender Name

State Bank of India

2.

Known As

SBI

3.

Product

Privilege Home Loan

4.

Interest Rate

8.60% (Women) & 8.65% (For Others)

5.

Toll Free Number

1800 425 3800

6.

Contact Email

customercare@sbi.co.in

7.

Official Website

www.sbi.co.in

SBI PRIVILEGE HOME LOAN INTEREST RATE – MARCH 2018

Borrowers’ category Floating Rate Loans Upto Rs.75 lacs Floating Rate Loans above Rs.75 lacs
Women* 0.60% above 1 year MCLR, effective rate 8.60% p.a. 0.65% above 1 year MCLR, effective rate 8.65% p.a.
Others 0.65% above 1 year MCLR, effective rate 8.65% p.a. 0.70% above 1 year MCLR, effective rate 8.70% p.a.

Eligible applicants – Employees of Central / State Governments including PSBs, PSUs of Central Government, and other individual(s) with pensionable service.

  • Reduced burden of servicing EMIs under the new schemes as lower EMIs would need to be serviced during the post-retirement term. This is because the EMIs to be serviced during the post-retirement term are capped at 50% of the current Net Monthly Income.
  • Extended repayment upto the age of 75 years as against 70 years under normal Home Loan scheme. The maximum loan term, however, shall remain capped at 30 years.
  • Full waiver of Processing Fee.Out-of-pocket expenditure such as Advocate’s Fee for Legal Opinion, Valuers Fee for Valuation Report, CERSAI and CIBIL charges will continue to remain applicable.
  • Benefit of lower interest rate as a concession of 5 bps over the Home Loan Card Interest Rate is available wherever check-off facility is extended by the Government under tie-up arrangement with the Bank.
  • Option for customers of other Banks / FIs to switchover their Home Loan outstanding balance to State Bank of India.

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