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 -  5 years ago
Frozen
Answers (2)
show:
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)
5 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.
5 years ago - By Mr.Alexander White
Answer: Open Questions RSS
how to get interest paid certificate for home loan
PUNE ~ INTercaste marriage % love marriage spells maulana +91 97808 37184
((Relationship PrObLeM)) +91-9799138999 [{( VAshikaraN SpeCiaList )}] in UK
((VooDoo SpellS)) +91-9799138999 [{( VAshikaraN SpeCiaList )}] in UK
BABABest#friend~ॐसभी समस्याॐ[[+91-9815884889]] lOVe pROBlEm sOluTiOn
View All
Discover: Resolved Questions RSS
LIMKA INDIAS NO.1 PUNJABI HOT CALL GIRLS-0985566O911 ESCORT SERVICE CHANDIGARH ,MOHALI, PANCHKULA.
Fantune CHOWK $~O8558O2O6O8~$ Female Escorts Services In Ludhiana Malerkotla Moga Phillaur Jagraon
Fair हाई प्रोफाइल 08505800248 Call girls in Nainital,Rudrapur Escort service in Nainital,rudrapur
हाई प्रोफाइल 08505800248 Call girls in Dehradun,Mussoorie Escort service in mussoorie,Dehradun
MBD MALL @~O8558O2O6O8~@ Call GiRl ludhiana Phillaur Malerkotla Jagraon Moga Nakodar Phagwara
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:
 

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:
 

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
Carnival of Indian Personal Finance Blogs #6
Top up loans: toppings on your home loan
Your EMIs may help you to reduce your tax...
Credit profile and its effect on loan...
Home Equity Loan: A shoulder you can bank...