SBI Home Loan Vizag – Interest Rates 2024, Eligibility, Apply Online
SBI Home Loans in Vizag: ✔ Low EMI ✔ Low Interest Rate ✔ Instant e-Approval ✔ Quick Disbursal. Check & Compare Eligibility and SBI home loan interest rates.
Why to Choose SBI Home loan in Vizag
- Package of exclusive benefits
- Low interest rates. Further, charge interest on a daily reducing balance!!
- Low processing charges.
- No hidden costs or administrative charges.
- No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
- Over 16,000 branches nationwide, you can get your Home Loan account parked at a branch nearest to your present or proposed residence.
- Home Loan Interest Rates in Vizag
- Home Loan EMI Calculator Vizag
- Home Loan Eligibility Calculator Vizag
- Home Loan Balance Transfer Calculator Vizag
- NRI Home Loans in Vizag
Highlight’s on SBI Home Loan Vizag
| 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 Vizag
Eligibility required for State bank housing loan in Vizag
✓ Minimum age: 18 years as on the date of sanction
✓ Maximum age: 70 years. i.e. the age by which the 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.
Documents Required for State Bank Home loan in Vizag:
| List of papers/ documents applicable to all applicants: | |
| Completed loan application | |
| 3 Passport size photographs | |
| Proof of identify (photo copies of Voters ID card/ Passport/ Driving
licence/ IT PAN card) |
|
| Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/
Property tax receipt/ Passport/ Voters ID card) |
|
| Proof of business address for non-salaried individuals | |
| Statement of Bank Account/ Pass Book for last six months | |
| Signature identification from present bankers | |
| Personal Assets and Liabilities statement | |
| For guarantor (wherever applicable): | |
| Personal Assets and Liabilities Statement | |
| 2 passport size photographs | |
| Proof of identification as above | |
| Proof of residence as above | |
| Proof of business address as above | |
| Signature identification from his/her present bankers | |
| Additional documents required for salaried persons : | |
| Original Salary Certificate from employer | |
| TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt. | |
| Additional documents required for Professionals/self- employed/ other IT assesses: | |
| Acknowledged copies of three years I.T. returns/ Assessment Orders. | |
| Photocopies of challans evidencing payment of Advance Income Tax. | |
Repayment period:
Maximum 30 years (or) Up to the age of 70 years (the age by which the housing 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 Vizag:
it is the second largest city in the state of Andhra Pradesh (after Hyderabad) and the third largest city on the east coast (after Chennai and Kolkata). Visakhapatnam is located 625 kilometres (388 mi) east of the state capital, Hyderabad.
The city was named after Visakha Varma, the Hindu god of valour. It is nestled among the hills of the Eastern Ghats and faces the Bay of Bengal on the east. Visakhapatnam is the administrative headquarters of Visakhapatnam district and headquarters of the Eastern Naval Command of the Indian Navy. Visakhapatnam has been nicknamed The City of Destiny and, more recently, the Goa of the East Coast. Like Goa, it has attractive beaches, laterite hillocks and a pleasing landscape. It is also a focus of urban and tourist development.
