The interest rate of SBI Yuva home loan actually starts from 8.25% p.a. It can depend on your loan amount and CIBIL score, which is inversely proportional to the rate of interest. If you have a higher credit score, the interest rate will be less. I took a loan under the SBI Yuva scheme in 2022, so I’m sharing a few things you should know about the loan.
What is SBI Yuva Home Loan Interest Rate?
I got the loan at an interest rate of 8.25% with a credit score of 690. The good thing about this scheme is that you get the loan at a comparatively lesser rate of interest than regular SBI loans.
You should also know the eligibility criteria of SBI Yuva scheme. I am also sharing the processing fee here for your reference.
For home loans, it is Rs.2500 + GST. 100% Waiver for Takeovers.
For personal loans against property, it is 0.50% of the loan amount, and maximum of Rs. 25,000 + GST
The maximum age limit to apply under this loan is 45 years, and the maximum repayment period is 30 years or up to the age of 70 years, whichever comes early.
When I was researching on the interest rates, I learned it can go up to 9.20% depending on your loan amount, credit history, work experience, etc. The bank manager also told me that all home loans are linked to external benchmark rate (EBR)
That’s all I know about home loans under SBI Yuva scheme. I’d urge you to visit your nearest branch and speak to the bank manager to get the exact information as per your situation.
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What is SBI Yuva Home Loan Interest Rate?
Debanshi8
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2025-03-24T09:26:32+00:00 2025-03-29T19:42:13+00:00Comment
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