Hi there! The minimum SBI Yuva home loan age criteria is 21 years for salaried employees. I took a loan under this scheme a few years ago, and there are some rules and eligibility criteria you must know before availing a housing loan. The main feature of this scheme is that only the interest rate is payable during the first 36 months of the tenure. The processing charges are also low, with no prepayment penalty.
What is the SBI Yuva Home Loan Age Limit?
The maximum age limit for SBI Yuva home loan is 45 years for salaried applicants. I was 24 years old when I applied for this scheme. Here are a few more eligibility criteria and other features that you should know.
The minimum monthly income of the applicant should be at least Rs. 30,000
Also, you must be a salaried employee, working in MNCs, private companies, PSUs, government undertakings, etc.
The property you’re taking loan for should be mortgaged to the bank. In some cases, you may need to provide additional security in the form of various tangible assets.
People taking loans under this scheme will also receive a 20% higher loan amount than the standard home loan schemes.
The loan repayment tenure can go up to 30 years or up to the age of 70 years, whichever is earliest.
Also, this scheme provides low processing fees and there are no hidden costs or administrative charges in this case.
That’s all about the SBI Yuva home loan. I hope it solves your query.
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What is SBI Yuva Home Loan age limit?
Fardeen
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3 months
2025-03-24T09:39:26+00:00 2025-03-24T09:39:27+00:00Comment
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