SBI SAHYOG NIWAS Home Loan – Interest Rates

HOME LOANS Scheme to SELF HELP GROUPS IN RURAL AREAS of India by State Bank of India.

The Sahyog Niwas Scheme provides Home Loan to Self help groups, having good payment record of 2 years, for on lending to their members for:

• Purchase or construction of a house exclusively or including the housing needs of activities carried by them (Dairy shed, tailoring shed/shop, grocery stores etc.)

• Renovation or repair of an existing house / shed

• Purchase of a plot for the construction of house

• Extension of existing house / work space to existing house / shed.

Loan Amount

• Home Loan amount under Sahyog Niwas Scheme is restricted to 10 times of the saving corpus of SHG subject to a maximum amount of Rs. 50,000/ per member.

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