SBI Balance Transfer Home Loan – offers, apply online
SBI Home Loan Transfer: Get Details on SBI Home Loan Transfer – Eligibility, Documents, Interest Rates and Formalities.
SBI offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the Bank’s instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.
SBI Balance Transfer Home Loan Interest Rates 2024
| Home Loan | Salaried Borrowers | |
| Loan Amount | Regular Loan | Flexipay / NRI / CRE |
| Interest Rates | 9.15% – 9.65% | 9.15% – 9.65% |
Processing Fee*
0.35% of the loan amount plus service tax, Minimum of Rs. 2,000/- plus service tax and Maximum of Rs. 10,000/- plus service tax. Out of pocket expenses for obtention of TIR/Valuation Report/CERSAI Registration, etc. are recovered separately.
For Transfer your Home Loan to SBI – Check your Details, EMI with balance transfer calculator – and Save over a lacs of rupees by switching your existing home loan
Documents Required for Home loan transfer:
- Identification proof
- Address proof
- Latest 3 months salary slips
- 6 months bank statement of your salary account
- 6 month to 1 year bank statement of your existing bank home loan account
- Foreclosure letter from existing bank which will show your outstanding loan amount
- List of documents which will also be provided by your existing bank
Why people go for home loan Transfer Specially with SBI?
In Most of the Cases people choose banks for home loans without getting much details for that product. But after some time or 2 or 3 years borrowers find other banks schemes are much more profitable then the existing one. At that people look for Balance transfer or home loan transfer.
People Choose SBI mostly because of lowest interest rates and Hassle free Service.
People looking for transfer because of poor services offered by existing Bank like – Bad networking, Branch problems etc.
Peoples also looking for transfers because of Highly profitable and lowest interest rates schemes launched by other banks.
