SBI Home Loan Bihar – Interest Rates 2024, Eligibility, Apply Online
SBI Home Loans in Bihar: ✔ 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 Bihar
| 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 Bihar
Eligibility required for State bank housing loan in Bihar
✓ 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.
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.
About Bihar:
Bihar is a state in northern India. It is the 12th largest state in terms of geographical size at 38,202 sq mi and 3rd largest by population. Almost 58% of Biharis are below the age of 25, which is the highest proportion in India.
It is bounded by Uttar Pradesh to its west, Nepal to the north, Northern part of West Bengal to the east and by Jharkhand to the south. The Bihar plain is divided into two parts by the river Ganges which flows through the middle from west to east. Bihar has notified forest area of 6,764.14 km2, which is 7.2% of its geographical area. Hindi and Urdu are the official languages of the state, while the majority of the people speak Angika, Bhojpuri, Magadhi, Maithili and Bajjika. In 2000, Bihar was subdivided, the southern part becoming the state of Jharkhand.
