What Is The Eligibility For Home Loan Of SBI?

What is interest certificate?

An interest certificate will tell you how much interest you have earned on your savings accounts and fixed deposits with a bank during the financial year 2019-20..

Is SBI good for home loan?

SBI is a large public sector bank with the lowest home loan percent rate in India. Currently, the bank offers home loans at an interest rate beginning from 6.95% and charges a low processing fee starting from Upto 0.20%, Minimum ₹ 4,000 and Maximum ₹ 17,400. The floating rate home loan from SBI is a RLLR linked loan.

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,811₹ 50 Lakh₹ 44,245₹ 38,0181 more row

What is the minimum salary required for home loan?

₹ 25,000 per monthHousing Loan Eligibility DetailsAge of the Applicant18 to 70 yearsEligible Salary₹ 25,000 per month and aboveWork Experience for Salaried3 years and aboveBusiness Stability for Self Employed5 years and aboveMinimum CIBIL Score6504 more rows

Can I apply SBI home loan online?

How can you apply online for SBI Home Loan At Wishfin? Read below the steps to follow at Wishfin: Fill up the form given on top of the page. Enter desired loan amount, monthly income, employment status and city.

What is the EMI for 12 lakhs home loan?

Check EMI Calculation for 12 Lakh home loan for 5, 10, 15, 20 Years or How much EMI you have to pay for 12 Lakh home loan amount per month?…EMI Calculation for 12 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month5 YearsRs. 2433610 YearsRs. 1455615 YearsRs. 1147220 YearsRs. 100322 more rows

How can I get SBI home loan certificate?

Just log on to Personal Banking section of the Internet Banking site with your credentials and select the “Home Loan Int. Cert (Prov)” link under “Enquiries” tab. Then select the account for which you require a Home Loan Interest Certificate. The certificate can be viewed online, printed or downloaded in pdf.

Which bank is best for home loan?

Best Bank for Home Loan in India 2020#1. ICICI Bank Home Loan.#2. State Bank of India Home Loan.#3. HDFC Bank Home Loan.#4. Axis Bank Home Loan.#5. Dewan Housing Finance Ltd. ( DHFL)#6. Indiabulls Home Finance.#7. LIC Housing Finance Home Loan.#8. PNB Housing Finance.More items…•

How is loan amount calculated?

USING MATHEMATICAL FORMULA EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

Who can apply for home loan?

Home Loan eligibility based on age You can also avail a home loan of higher value provided you have a high income. Salaried applicants have to be between the ages of 23 and 62 years to apply for a home loan. Self-employed applicants have to be within the age bracket of 25 and 70 years to avail one.

Which home loan is best in SBI?

SBI Home Loan Interest Rates 2020SBI Home Loan SchemesInterest Rates for SalariedInterest Rates for Self EmployedSBI Smart Home Top Up Loan (Term Loan)8.50%8.55%SBI Smart Home Top Up Loan (Overdraft)8.55%9.05%Insta Home Top Up Loan8.20%8.20%SBI Earnest Money Deposit (EMD)10.45% onwards–7 more rows•Nov 6, 2020

Which home loan is better SBI or LIC?

As per the current rates, LIC Housing Finance offers a lower interest rate of 6.90% on Home Loan when compared to SBI which offers a Home Loan at 6.95%.

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

What are document required for home loan?

Documents Required Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card. Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card.

How much home loan can I get on my salary from SBI?

SBI Tribal Plus: The minimum age of entry for this home loan scheme is 21 years and the maximum age is 60 years. The maximum loan tenure is up to 15 years….SBI Home Loan Eligibility Based on Salary.Monthly IncomeLoan AmountRs. 60,000Rs.45,32,079Rs. 65,000Rs.49,09,752Rs. 70,000Rs.52,87,425Rs. 75,000Rs.56,65,0986 more rows

Which home loan is best SBI or HDFC?

You should do a comparison of home loan between SBI and HDFC banks….Which is a better bank for Home Loan – SBI or HDFC?CategorySBIHDFCAmount of LoanRs.5 L – Rs.10 CrUp to Rs 10 CrInterest Rate (Annual)6.95% – 7.50%6.95% – 8%1 more row•Aug 31, 2020

Can I get home loan with 15000 salary?

If you are looking for a home loan at an income of Rs. 15,000, then you should keep in your mind that how much amount you can borrow or eligible to borrow is totally at the banks discretion.

What will be the EMI for 15 lakhs?

14 Lakh Home Loan EMI DetailsRepayment PeriodEMI Per Month5 YearsRs. 28,38710 YearsRs. 16,98615 YearsRs. 13,37920 YearsRs. 11,7102 more rows