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

SBI offers various different home loan schemes under the low interest rate. However, you can avail for the loan under the various benefits. Such as no prepayment charge, low processing charges, and no hidden charges. Moreover, in order to get the SBI home loan you must concern 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:

However, the home loan eligibility criteria differ from one SBI home loan to other. Therefore, you must check your SBI home loan criteria with respect to the home loan you choose. Every loan applicant must meet the eligibility and also 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:

However, this loan is purchased for the construction of the house or the land. Another 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:

However, through the SBI home loan eligibility calculator one can easily check its home loan eligibility. This is an online tool which is used to check loan eligibility. Moreover, checking your home loan eligibility for the loan can be great. As there are many chances that your home loan eligibility may turned to zero. Hence, an individual must use this tool in order to make application process hassle free.

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