Getting a home loan is a big step towards becoming a homeowner. Making informed decisions and realising your dream of home ownership requires an understanding of the process of home loan application and approval.
I have recently availed myself of home loan from SBI. So I can share the procedure of home loan from SBI with you all. The SBI home loan interest rate is 8.40% onwards, and the home loan usually gets sanctioned within 5 days for SBI tie up projects.
How to Get Home Loan from SBI?
I clicked on this
SBI Home Loansportal
I had to choose from a varied range of home loan products of SBI. This includes;
Regular Home Loan
Balance Transfer of Home Loan
NRI Home Loan
Flexipay Home Loan
Privilege Home Loan
Shaurya Home Loan
Pre-Approved Home Loan
Realty Home Loan
Home Top Up Loan
YONO Insta Home Top-Up Loan
Home Loan to Non-Salaried – Differential offerings
Clicked on the particular type of home loan that I wanted to avail, that is, on the regular home loan option
Followed by clicking on the “Apply Now” button
This landed me to a new
Get best home loanpage
Now I had to enter my account number, relationship with bank, mobile number, and click on the submit button.
After this, I got to know about the eligibility criteria and the various loan offers
After this, I filled out and submitted the complete
Application Form - SBI Home Loansto get a home loan.
The usual eligibility criteria to avail home loans from SBI are as follows;
Resident Type: Resident Indian
Maximum Age: 70 years
Minimum Age: 18 years
Loan Tenure: up to 30 years.
I hope this helps you understand the home loan process step by step in SBI.
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Applying for a house loan can be a difficult process, but it can be made simpler with prior planning. You must plan your budget and build a good credit score because they will affect the interest rate and size of the loan. Moreover, you can get a home loan by following the below steps:
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Tap on
NoBroker Home Loan Service.
Mention your name, mobile number, and email address.
Select the option whether the property finalised or not.
Click the Check Eligibility button.
Choose your employment type.
Now, mention all the required details like monthly income, required loan amount, and tenure.
Click Sow Offers.
Check the interest rate and monthly EMI of various banks. Select your preferred bank.
Click on Continue.
Choose Property City and Property Type.
Upload the supporting documents to successfully complete the process.
These procedures make getting a home loan more easily and assist you in fulfilling your dream of home ownership.
You can check here: Which Bank Gives 90 Percent Home Loan in India? Calculate your EMI on a home loan via the NoBroker EMI calculator.
How to get Home Loan?
P.gopala chary
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2
1 Year
2023-07-19T19:28:23+00:00 2023-07-20T15:19:56+00:00Comment
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