Wondering, what is SBI Maxgain home loan? SBI offers a variety of schemes to meet the demands of its clients. One such scheme is the SBI Maxgain home loan.
What is Maxgain Home Loan?
Home loans under "SBI - Maxgain" will be approved as overdrafts. Customers will have to pay their EMIs just like any other regular home loan.
However, the drawing power on the overdraft will be decreased each month by the amount of the principal EMI, ensuring that the Overdraft is paid off at the conclusion of the loan term. (The EMI's interest component, when paid, will be used to pay interest obligations).
| CIBIL Score | Maxgain Interest Rates |
>=750 |
9.55% |
700-749 |
9.75% |
650-699 |
9.85% |
550-649 |
10.05% |
NTC/ No CIBIL Score/-1 |
9.75% |
Who is Eligible for SBI MaxGain Home Loan?
The eligibility criteria for SBI MaxGain home loan is as follows:
The applicant must be an Indian citizen
Applicant must fall in the age band of 18 years to 70 years
Applicant must furnish income proof to determine repayment capacity
To know the monthly EMI, you can use the SBI MaxGain Home Loan calculator which is an innovative tool that enables you to earn maximum yield on your savings by reducing interest burden on your home loan.
I hope this information on what is maxgain home loan in SBI, will help you.
Get Up to 40K Off on SBI Home Loan Disbursal of 1 Cr. and Above via NoBroker Home Loan ServicesRead More:
What is the SBI Maxgain Home Loan Interest Rate?
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What is SBI Maxgain Home Loan?
Tani
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2024-02-20T09:23:19+00:00 2024-04-10T19:09:45+00:00Comment
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