SBI Home Loan

SBI Home Loan Schemes

SBI provides a range of home loan schemes with interest rates starting from 9.15%, including options like Regular Home Loan with benefits for women and no pre-payment fees, Flexipay Home Loan with interest-only payments for young professionals, and Tribal Plus specifically designed for residents of tribal or hilly areas, offering up to a 15-year tenure without the need for a land mortgage. Each scheme includes a processing fee of 0.35% with varying minimum and maximum amounts.

SBI Home Loan Fees and Charges

SBI Home loan for NRI or PIO

Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) residing abroad for employment or business purposes often aspire to purchase or construct property in India. To facilitate this, the State Bank of India (SBI) offers specialized loan schemes tailored for this specific demographic.

SBI has designed these schemes to cater specifically to the unique needs of NRIs and PIOs looking to invest in Indian real estate. Recognizing the complexities of legal and regulatory frameworks in India, which may be unfamiliar to those living abroad, SBI has meticulously crafted these loan products to assist NRIs and PIOs effectively.

The bank employs a team of experts who are well-versed in identifying prime investment opportunities throughout India. This team is crucial in guiding customers through all the relevant details and procedures.

Eligibility criteria for NRI and PIO loan

• Minimum age requirement: 18 years
• Maximum age limit: 70 years
• Applicant must be an NRI or PIO
• Loan tenure can extend up to 30 years

Special features of NRI and PIO loan

A low processing fee of 0.35% of the total loan amount, with a minimum fee of Rs. 2000 and a maximum of Rs. 5000, plus service tax. Additional charges such as those for obtaining a Title Investigation Report (TIR), valuation reports, CERSAI registration, etc., are levied separately on the loan applicant.

SBI's home loans for NRIs and PIOs have gained significant popularity among Indians residing in the United States, the United Kingdom, and Singapore, proving their value and reliability over time.

SBI Home Loan Balance Transfer

SBI offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the Bank's instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.

SBI Home Loan Amount (LTV Ratio):

SBI Home Loan Customer Care

SBI Home Loan Customer Care Toll-Free Number
Toll-free number: 1800 11 2018
Email: customercare.homeloans@sbi.co.in
Customer Care for reporting unauthorized electronic transactions: Toll-free number: 1800 11 1109
Toll-free/Mobile number: 94491 12211
Toll number: 080 – 2659 9990
E-mail:
customercare@sbi.co.in
contactcentre@sbi.co.in
Text:
Unhappy with services: SMS UNHAPPY to 8008 20 20 20
Missed call Banking @ SBI QUICK
The customer can mail to the below-mentioned address for home loan enquries:
Real Estate and Housing Business Unit, State Bank of India, Corporate Center Madame Cama Road, State Bank Bhavan, Nariman Point, Mumbai-400021, Maharashtra

Additionally, a home loan borrower can register or check the status of the complaint raised by visiting the customer care section of the webs