Home Loan In SBI Eligibility Criteria | SBI Home Loan Eligibility Calculator

There are various different advantages are being offered to the customers by the bank. Thus, with the help of the these offers one can easily avail for the home loans. The benefits being offered by the banks are low interest rate, no prepayment charge, low processing charges as well as no hidden charges.
Thus, in order to get the home loan from the SBI you are required to consider about Home Loan In SBI Eligibility Criteria as by learning about how to get Home Loan In SBI Eligibility Criteria. You can easily proceed to take the loan.

Home Loan In SBI Eligibility Criteria:

Generally the home loan eligibility criteria may differ form one SBI home loan to other. Now you are required to check your SBI home loan eligibility criteria with the respect of the home loan you choose. Thus, it is very essential that each and every applicant is required to meet the eligibility as well as submit the SBI home loan eligibility documents.

SBI home loan eligibility criteria based upon age and income:

Criteria for Age:

  • Minimum age of the loan applicant must be 18 years as on the date of sanction.
  • Maximum age of the loan applicant must be 70 years at the end of the loan tenure.

Criteria for Income:

  • The loan applicant must have regular source of income.
  • Moreover, he must satisfy the minimum income requirement of the Bank.

Eligibility criteria for Salaried individual:

  • Be minimum 18 years of age at the time of loan sanction and maximum 70 years at the end of loan tenure.
  • However, he must meet the minimum salary requirement and employment stability required by the Bank.

Eligibility Criteria for Self Employed individuals and Working professionals:

  • Be minimum 18 years of age at the time of loan sanction and maximum 70 years at the end of loan tenure.
  • Must meet the minimum income requirement and employment stability as required by the Bank.

Home Loan In SBI Eligibility Criteria

SBI Home Loan Eligibility Criteria:

However, there are different SBI eligibility home loan on the basis of the different SBI home loan schemes.

SBI Flexipay Home Loan:

  • However, the applicants aged between 21- 45 years and having a minimum work experience of 2 years are eligible for this loan.
  • Up to 1.2 times higher loan eligibility in comparison to loan eligibility under normal home loan schemes.
  • The loan amount for this loan must be Rs.20 Lakh or more.

SBI Max-gain:

  • This enables you to deposit surplus funds or savings in SBI Max-gain. Hence, you can easily withdraw the amount whenever, it is required.
  • The eligibility for this loan product is same as normal home loan offered by bank.

NRI Home Loans:

  • Non Resident Indians (NRI) and Persons of Indian Origin (PIO) having a regular source of income are eligible for this loan scheme.
  • The minimum employment experience in India or in abroad must be minimum 2 years.

SBI Realty:

Usually this loan is purchased for the construction of the house as well as for the land. However, another type of the home loan can be availed under the same scheme for construction of house on the plot and both loans can be run simultaneously.

SBI Home Loan Eligibility Calculator:

If you want to check your home loan eligibility then with the help of the home loan eligibility calculator you can easily check your home loan eligibility. This is an online tool which is used to check loan eligibility. However, its good to check the home loan eligibility as well as it might turned to zero. An individual must use this tool for the hassle free application process.

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