BuildingSteps - Loans and Banks

HOUSING LOAN FACILITIES FROM SBI HELPS YOU

The Banks Which Offer Home Loans

ICICI

HDFC

IDBI

HUDCO

CITIBANK

LIC

IOB

ANZ

CANFIN

Five good reasons for you to take a housing loan from SBI:

Lowest interest rates, currently between 11.5% p.a. to 12.75% p.a.
Lowest processing charges- only 0.5% of loan amount. Compare with the 1.5% - 2% charged by others.
No hidden costs or administrative costs.
No prepayment penalties.
In-principle approval given prior to your identifying a house /flat, giving you flexibility in choice.
Buying a plot of land.

SBI has separate Scheme for

Housing loans for NRI's

Eligibility Criteria: You can avail a loan if you are 21 years or older and have a steady source of income

Loan Amount and Period :While there is no upper limit to the amount of loan, the actual loan amount is determined on the basis of repayment capacity taking into account income, age, assets and liabilities. Up to 48 times the net monthly income will be sanctioned depending upon your age. Income of the spouse is also considered as well as the expected rental.

Repayment period :Repayment in easy installments spread up to 20 years, based on your age and capacity

Interest rate : 12 % on all amounts upto 2 Lacs. 13 % for range (slab)from 2 to 10 lac's and 13.25% for more than 10 Lac's.

Maximum period : You can apply for loan amounts between Rs.2,10,000 and Rs.1,00,00,000 at very attractive rates of interest, for periods ranging from 1-15 years. Interest is also calculated on a daily balance basis, making the ANZ Loan even more affordable than if calculated less frequently.

www.statebankofindia.com


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