SBI Home Loan Bangalore – Interest Rates 2024, Eligibility, Apply Online

SBI Home Loans in Bangalore: ✔ Low EMI ✔ Low Interest Rate ✔ Instant e-Approval ✔ Quick Disbursal. Check & Compare Eligibility and SBI housing loan interest rates.

Highlight’s on SBI Home Loan Bangalore

Interest Rates 8.50% – 10.15%
Processing Fee sbi home loan fees
Repayment Upto 30 Years
Loan Amount Upto 80% of Property
Foreclosure Charges Nil
Monthly Income Rs.12000 minimum
Lowest EMI per 1 Lakh Rs.769

Major Home Loan Tools available in Bangalore

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  • Eligibility required for State bank housing loan in Bangalore

    ✓ Minimum age: 18 years as on the date of sanction
    ✓ Maximum age: 70 years. i.e. the age by which the home loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment.
    ✓ Minimum Income Should be Rs.10000 Per Month.

    Loan Amount & factors:
    Actual loan amount will be determined taking into consideration such factors as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc. To enhance loan eligibility you have option to add:
    ✓ 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.
    ✓ Expected rent accruals (less taxes, cess, etc.) if the house/ flat being purchased is proposed to be rented out.
    ✓ Depreciation, subject to some conditions.
    ✓ Regular income from all sources.

    How Much Loan amount you can get from the bank against the total value of Property:

    Individual Home Loan Amount Margin (Min) LTV Ratio (%)
    Upto Rs. 20 Lacs 10% 90%
    Above Rs. 20 Lacs. and upto Rs. 75 lacs 20% 80%
    Above Rs. 75 lacs 25% 75%

    Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.

    Moratorium period (Repayment holiday): The moratorium period is included within the maximum repayment period.

    Documents Required for SBI Home loans in Bangalore:

    Salaried Self Employed

    Documentation

    1) Application form with photograph
    2) Identity & residence proof
    3) Last 3 months salary slip
    4) Form 16
    5) Last 6 months bank salaried credit statements
    6) Processing fee cheque
    1) Application form with photograph
    2) Identity & residence proof
    3) Education qualifications certificate & proof of business existence
    4) Business profile,
    5) Last 3 years profit/loss & balance sheet
    6) Last 6 months bank statements
    7) Processing fee cheque

    State Bank of India Home Loan Branches in Bangalore:

    Branch Branch Code Address Contact
    DAMTAL 008578 DIST KANGRA, HIMACHAL PRADESH 176403

    City: DAMTAL
    District: BANGALORE URBAN
    State: KARNATAKA

    IP:411050, 01893-245272
    SERVICE BRANCH, BANGALORE 008698 VASAVI COMPLEX, ST. MARK S ROAD, DISTT. BANGALORE URBAN, KARNATAKA 560001

    City: BANGALORE
    District: Bangalore Urban
    State: KARNATAKA

    IP:850391, 850392, 850393, 080-22124246, 22215338
    AFS JALAHALLI EAST 008042 AIR FORCE STATION, JALAHALLI EAST, BANGALORE, PIN – 560014

    City: BANGALORE
    District: BANGALORE URBAN
    State: KARNATAKA

    080-28389766, Fax:28384117, IP:850706
    AFS JALAHALLI WEST 004767 HOSPITAL TOWN WEST , BANGALORE, TRIPTI COMPLEX HOSPITAL TOWN , BANGALORE, KARNATAKA , PIN – 560015

    City: BANGALORE
    District: BANGALORE URBAN
    State: KARNATAKA

    080-28396940, 28371578, Fax:28377502, IP:850701
    AIR CARGO COMPLEX, BANGALORE 007130 3 – 4, BANGALORE AIRPORT EXIT ROAD, DISTT. BANGALORE URBAN, KARNATAKA 560017

    City: BANGALORE
    District: BANGALORE URBAN
    State: KARNATAKA

    IP:850486, 080-25223829
    ASC CENTRE (SOUTH) 004742 PB NO. 779, TRINITY CHURCH RD, AGRAM POST, BANGALORE, KARNATAKA, 560007

    City: BANGALORE
    District: BANGALORE URBAN
    State: KARNATAKA

    080-25555565, 080-25588885, IP-850446
    FORT BRANCH 007484 B.M.C.CAMPUS, K R ROAD, BANGALORE PIN 560002

    City: BANGALORE
    District: BANGALORE URBAN
    State: KARNATAKA

    080-26705441
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