SBI Home Loan Mangalore – Interest Rates 2024, Eligibility, Apply Online
SBI Home Loans in Mangalore: ✔ Low EMI ✔ Low Interest Rate ✔ Instant e-Approval ✔ Quick Disbursal. Check & Compare Eligibility and State Bank of India home loan interest rates.
Highlight’s on SBI Home Loan Mangalore
| 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 Mangalore
Eligibility required for State bank housing loan in Mangalore
✓ 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 Mangalore:
| 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 Mangalore:
| Branch | Branch Code | Address | Contact |
|---|---|---|---|
| RASECC, MANGALORE | 005212 | 3RD FLOOR ESSEL TOWER BUNTS HOSTEL CIRCLE, MANGLORE
City: MANGALORE |
IP:992909, 0824-2449231, 2449236 |
| SERVICE BRANCH, MANGALORE | 009849 | P.B.NO.65, CAMPCO TOWER, MISSION STREET, MANGALORE – 575001, KARNATAKA
City: MANGALORE |
IP:852391, 0824-2449460 |
| MANGALORE | 000871 | PORT ROAD, MANGALORE – 575001
City: DAKSHIN KANNADA |
IP:852401, 0824-2449400/2449440 |
| ARYA SAMAJ ROAD, MANGALORE | 009051 | SUVASINI BUILDING, MANGALORE BALMATTA COMPLEX DT DAKSHINA KANNADA PIN – 575001
City: MANGALORE |
0824-2425893, IP-852431 |
| BAJAL | 009052 | HOLY SPIRIT CHURCH PREMISES MANGALORE, DT DAKSHINA KANNADA PIN – 575027
City: MANGALORE |
0824-2247582, 0824-2247582, IP-852446 |
| CHOTA MANGALORE (ULLAL) | 003669 | DOOR NO 4 – 133 ULITHAYA PRASAD BLDG MAIN RD MANGALORE DT DAKSHINA KANNADA, KARNATAKA 575020
City: MANGALORE |
0824-2466310IP-852451 |
| HAMPANKATTA, MANGALORE | 005791 | POST BOX NO. 137, RASIK CHAMBERS, MARKET ROAD, , MANGALORE, KARNATAKA , PIN – 575001
City: MANGALORE |
0824-2421241, IP-852421 |
