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Ask your Question    (100 characters left) Search for questions:      Advanced Credit Cards Car Loans Home Loans Personal Loan Education Loans Fixed Deposits Savings Accounts Miscellaneous Bank ATM Auto Loan Bad credit Loan Recovery Recovery Agents Indian Bank Canara Bank Corporation Bank Loan Calculator credit card fraud HSBC Bank Vijaya Bank Deutsche Bank Credit history Credit score Used car loan Saving Account Fixed Deposit Loan Finance ICICI Bank RBI SBI Disha HDFC ABN Amro CitiBank EMI Calculator Kotak PNB Barclays Home Loan Personal Loan Credit Card Interest rate Undecided Frozen Question: Show me another WHAT IS SBI HOME LOAN PROCEDURE WHAT IS SBI HOME LOAN PROCEDURE In Home Loans  -  Asked by SACHIN -  8 years ago Frozen Answers (2) show: Newest to Oldest Oldest to Newest Answer 1. Purpose Purchase/ Construction of House/ Flat Purchase of a plot of land for construction of House Extension/ repair/ renovation/ alteration of an existing House/ Flat Purchase of Furnishings and Consumer Durables as a part of the project cost. For more details log on to sbi home loans site Takeover of an existing loan from other Banks/ Housing Finance Companies. Eligibility Minimum age 18 years as on the date of sanction Maximum age limit for a Home Loan borrower is fixed at 70 years, i.e. the age by which the loan should be fully repaid. Availability of sufficient, regular and continuous source of income for servicing the loan repayment. Loan Amount • 40 to 60 times of NMI, depending on repayment capacity as % of NMI as under - Net Annual Income EMI/NMI Ratio Upto Rs.2 lacs 40% Above Rs.2 lac to Rs. 5 lacs 50% Above Rs. 5 lacs 55% 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. Margin Purchase/ Construction of a new House/ Flat/ Plot of land: 20% for loans up to Rs.30 Lacs, 20% for loans above Rs.30 lacs and upto Rs.75 lacs. 25% for loans above Rs.75 lacs. (w.e.f. 01.01.2009) 8 years ago - By John Solomon T. Answer 2. Good Day!, My name is Mr.Alexander White,I am a private money lender,legitimate & accredited,certified and guaranteed.We loan money out to individuals in need of financial assistance. Do you have a bad credit or you are in need of money to pay bills?I want to use this medium to inform you that we render reliable beneficiary assistance as I'll be glad to offer you a loan.why should you die in silence when you have opportunity to boost your business and solve your financial problems. Services Rendered include; *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans. Contact Mr.White with this address for more information; mralexander.white@gmail.com Regards, Mr.White. 8 years ago - By Mr.Alexander White Answer: Open Questions how to cheak my old houshing loan stetus im see my loan amount View All Discover: Resolved Questions PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550 Escoℛt SeRvIcE iN Chandigarh Call gIℛℒS SeRvIcEs PiNjOrE PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550 Escoℛt SeRvIcE iN Chandigarh Call gIℛℒS SeRvIcEs PiNjOrE how to gate my home loan certificate how can applay for DSA. any age, qalification, office, security ext. How to view my home loan account statement View All Vote: Undecided Questions No question found. COMPARE RATES Compare Home Loan Rates Get best bank for Home Loan Compare Car Loan Rates for a used car Get best bank for Home Loan Show All... COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans Auto Insurance   CALCULATORS Home Loan EMI Calculator Home Loan Amount by EMI Calculator Compare Home Loan EMIs Credit Card Balance Transfer Savings Calculator More Calculators... CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans Auto Insurance   NEWS THIS WEEK • Canara Bank earned a profit of 60%. Feb 6, 2015 • New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015 • Home loan EMIs expected to drop down Jan 21, 2015 • Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015 • Home loan rates set to fall, after reduction in repo rate Jan 16, 2015 News Archive EDITORS' PICKS Income Tax Benefits on Joint Home Loans Manage your loans, avoid recovery agents Hybrid loans – are they beneficial? Credit profile and its effect on loan... Evaluate Hidden costs before buying a house

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