SBI EASY HOME LOAN – FOR LOAN AMOUNT UPTO Rs. 50 Lacs
SBI Easy is available up to 30th June 2010
Interest Rate : -
-Interest rate during the first year (i.e. till first anniversary date from the date of first disbursement) is fixed at 8% p.a.
-Interest rate during next two years is fixed at 9% p. a
-Interest rate after three years may be Fixed or Floating as per the borrower’s choice made at the time of sanction. If floating rate option is chosen, then the rate will be 2.5% below SBAR. If fixed rate option is chosen, then the rate will be .75% below SBAR prevailing on the third anniversary date from the date of first disbursement, and shall have a reset frequency of 5 years from the third anniversary date of the loan. Fixed interest rate shall be subject to force-majeure clause. (SBAR = 11.75% p.a.)
Processing Fee –
-Upto Rs.5 Lac is Rs.1000/-
-Above Rs.5 Lac and upto Rs.10 Lac is Rs.2000/-
-Above Rs.10 Lac and upto Rs.20 Lac is Rs.5000/-
-Above Rs.20 Lac and upto Rs.50 Lac...
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SBI HI-FIVE LOAN – This loan is available to people who intend to spend it on their home. This loan can be taken for construction, renevation or buying a new home.
Amount – Maximum Rs.5 Lacs
Term SBI HI-FIVE LOAN – Maximum 120 months including moratorium period.
Interest Rates SBI HI-FIVE LOAN –
-8% p.a. Fixed interest rate during first 60 months.
-61st month Onwards – floating at 2.75% below SBAR
or
-Fixed interest at 1.25% below SBAR
Processing Fee – Upto Rs.5 Lac is Rs.1000/-
List of Requirements for the SBI HI FIVE LOAN –
- You need to disclose your financial health to the bank.
- Your address proof has to be provided
- Your Identity proof
- Your Pan card number and its...
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SBI SARAL SCHEME
SBI PERSONAL LOAN
Purpose SBI PERSONAL LOAN – The loan will be granted for any legitimate purpose whatsoever (e.g. expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.)
Eligibility – You are eligible if you are a Salaried individual of good quality corporate, self employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing.
Loan Amount SBI PERSONAL LOAN – Your personal loan limit would be determined by your income and repayment capacity.
- Minimum – Rs.24,000/- in metro and urban centres Rs.10,000/- in rural/semi-urban centres
- Maximum – 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres
Documents Required SBI PERSONAL LOAN – Important...
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SHORT TERM HOUSING LOAN
Purpose for availing the SBI SHORT TERM HOUSING LOAN : –
-Purchase or construction of a new house/ flat.
-Purchase an existing (old) house/ flat.
-Extension, repair, renovation or alteration of a house/ flat.
-Purchase a plot of land meant for construction of a dwelling unit.
Eligibility – You can avail of an SBI Housing loan if you are over 21 years of age and have steady source of income.
Documents Required for SBI SHORT TERM HOUSING LOAN
What are the documents that I need to provide for SBI SHORT TERM HOUSING LOAN?
-Passport size photograph
-Proof of residence (This applies only to new or non-bank customers, and could be either a PAN identity card, voter identification card or passport)
-Sale Deed/ Agreement of Sale
-Bank account Statement or passbook, for the last six months
-For employees or people in service, you also need to provide:
-Salary certificate and other information, if any, about your repayment capacity
-Form 16 or a copy of the...
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