SBI Regular Home Loan

SBI Home Loans is the country's largest home loan. It's helped 30 lakh households buy a home.

30 Years
of Maximum Tenure

5 bps
Concession for Women Borrowers

Nil
Prepayment Penalty

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Interest Rates:

CIBIL Score                Term Loan (p.a.)     Maxgain (p.a.)

>=800                                     7.55%                       7.95%

750-799                                 7.65%                       8.05%

700-749                                  7.75%                       8.15%

650-699                                 7.85%                       8.25%

550-649                                 8.05%                      8.45%

NTC/No CIBIL Score/-1   7.75%                       8.15%


Loan to Value Ratio:

For Loan Upto 35L: 90%

For Loan 35L-75L :  80%

For Loan above 75L- 75%


Concession of 5 bps for Women borrowers subject to minimum EBR-7.55%

EBR-External Benchmark based Lending Rate 

Bps-One basis point is one-hundredth of a percentage point



The verdict

    SBI Regular Home Loan provides home loan with comparatively low interest rates & nil prepayment penalty, It also gives special concession to women borrowers but the documents required are too many & processing fees on the loan is also not clear , so if you have all the documents and exact processing fees in not an issue you can go apply for this home loan.

Rating

4.5

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