HOME LOAN TOP-UP PRODUCTS

A) SBI Home Line – SBI Home Line Special Personal Loans come with inbuilt provision to sanction personal loans to home loans borrowers with a satisfactory repayment record of 3 years. The rate of interest charged on these personal loans is only 50 bps above the Home Loan interest rate applicable to the repayment tenure opted by the borrower (floating rates only), prevailing as on the date of sanction of ‘SBI-Home Line’ Special Personal Loans.

B) SBI Home Plus – SBI Home plus is scheme is launched for granting personal loans to the banks home loans customers against the security of their house property. All home loans customers with a satisfactory repayment record of at least one year and who maintain a Savings bank or current account with us.

The loan can be used for any purpose, viz. extension/repair of house, purchase of car/ consumer durables, education / medical expenses of family members, personal expenses, etc. There will be no need to obtain documentary evidence for the end-use of funds. However a certificate from the customer in the application to the effect that the loan will not be used for speculative purposes would be obtained.

C) SBI Life style Loan (LOANS TO MEET LIFE STYLE NEEDS OF HOME LOANS CUSTOMERS) – State Bank Of India launched the SBI Life Style Loans to help home loan customers meet any short term expenditure, (Vacation travel, purchase of Gold, Lifestyle goods) except speculative investments, which adds comfort to the life style of the borrower with satisfactory repayment record. SBI has tie up with various reputed travel houses, lifestyle product companies for discounts to our customers.