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HOME LOANS APPLICATION FORM
LIST OF APPROVED PROJECTS
TAKEOVER OF HOME LOANS
HER GHAR (HOME LOAN FOR WOMEN) AT CONCESSIONAL INTEREST RATE
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FEATURES

Eligibility:

Minimum age: 18 years as on the date of sanction

Maximum age: 70 years. i.e. the age by which the loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment.

Loan Amount:

Actual loan amount will be determined taking into consideration such factors as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc. To enhance loan eligibility you have option to add:

1)   

Income of your spouse/ your son/ daughter living with you, provided they have a steady income and his/ her salary account is maintained with SBI.

2)   

Expected rent accruals (less taxes, cess, etc.) if the house/ flat being purchased is proposed to be rented out.

3)   

Depreciation, subject to some conditions.

4)   

Regular income from all sources.

 

Security:

·        

Equitable mortgage of the property

 

Margin/ LTV Ratio:

Individual Home Loan Amount

Margin (Min.)(%)

LTV Ratio (%)

Upto Rs. 20 Lacs

10

90

Above Rs. 20 Lacs. and upto Rs. 75 lacs

20

80

Above Rs. 75 lacs

25

75

 

*LTV ratio - Loan to value ratio.

Interest rates:

Click here to view the interest rates

 




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