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I got the loan in the year of 2011 and i have chosen the duration of 15 years but i have done a pre-closure without paying any additional charges. I bought the loan amount of Rs. 12 lakhs with the low interest rate of 10.25%. Equitable mortgage of non-encumbered, non-agricultural and SERFAESI compliant residential house/flat in the name of borrowers/guarantors.

They are not going to lend at 80% LTV, which they do for an approved property but anywhere between 70% to 75%. So, you can expect Home Loan on such property anywhere between 6.5 to 7 lakhs only. Getting a Home Loan against unapproved property is possible, but the process will involve certain considerations which may not have been applicable in approved properties. Its due to the low rate of interest, i have selected the home loan from SBI. They have offered me a interest rate of 8.24%.
SBI Plot Loan
SBI offers eligible customers plot loan with interest rates ranging from 8.35% p.a. To 8.75% p.a.The maximum loan tenure for the SBI plot loan is 10 years.SBI land loan offers a maximum loan amount of Rs.15 crore. Let us now briefly look at the process undertaken by lenders before they sanction a Home Loan. When you Apply for Home Loan, the lender will open two lines of due diligence before making the lending decision. The first line of due diligence covers the borrower’s credentials.

Calculate your loan emi on the basis of loan amount, loan term & interest rates within seconds. SBICAP Securities Limited through its division SBI Realty solutions deals in Pre Launch, Under construction, Ready Possession. SBICAP Securities Limited through its division SBI Realty solutions provides a unified platform for exchange of information & facts for buyers, builders & sellers.
SBI - PMAY (Pradhan Mantri Home Loan) Scheme
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The amount given for 23 lakhs not sufficient as per my requirement for the tenure of 15 years. SBI is the first choice of every home loan seekers in India. State Bank of India home loan offered by SBI is the ideal choice because of lowest home loan interest rate, Lower Processing fees, special offers every month for women, Govt. On this page you can check all the necessary or important points about the SBI home loan which helps you in taking a decision which is beneficial for you in long term of home loan.
SBI Plot Loan Eligibility Criteria
The repayment duration is the same as the tenure of the home loan as Equated Monthly Instalments . This is available to new home loan customers and also to existing home loan customers who have chosen the SBI Life Cover. Before taking a home loan from SBI, it’d be a good idea to check whether you will be able to pay the monthly instalments. The easiest way to do this is to use Home Loan Calculator.
I had applied the loan amount of Rs. 35 lakhs with the duration of 25 years. I heard that interest rates are low so i approached with them. I had a online contact number specially for my home loan so they directly approached my home. They are asking very less of documentation like current residential address, last 3 months payslip, my job offer letter. They have given me a link also to process the loan.
Will I get SBI Housing Loan for unapproved layout Plots
Just enter the proposed loan amount, the tenure of the loan, the interest rate the bank is offering you, and the processing fee. Not entering the processing fee will not affect your results, but the other three inputs are mandatory to get precise results. All in all, if you want a Home Loan against unapproved property, you must have a very good credit score, and you must be ready to accept lesser loan amount at higher interest rates. It is recommended to use professional advice so that you can avail of the maximum amount at the best possible rate.
Helps you to search for affordable properties and to steer clear of avoidable deals. Use the EMI Calculator as a simple tool to determine the EMI for your home loan. Also further plan your monthly finances to make the right decision in your home purchase. We are committed to providing the right home loan for your needs, whether you are a first-time homebuyer or an experienced one.
Check out the Eligibility, Processing Fees, Low EMI Rs. 762/lakh, SBI home loan Application Status, Calculator and Quick Apply at Deal4loans. On Wednesday, the country’s largest lender, State Bank of India raised the Benchmark Prime Lending Rate by 70 basis points (or 0.7 per cent) to 13.45 per cent. The loan repayment linked to BPLR would be costlier due to this.
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State Bank of India offers attractive interest rates on home loans starting at 8.55% p.a.The loan tenure can be extended up to 30 years, ensuring a comfortable repayment period. The processing fee on these loans is 0.35% of the loan amount (Min. Rs.2,000; Max. Rs.10,000) plus applicable taxes. Women borrowers are also offered an interest concession of 0.05% on SBI Home Loans. No hidden charges and a full waiver of prepayment charges make them one of the most preferred housing loan products in the country. Another great factor about SBI Home Loan is the very low processing fee charged by the bank. They levy a market lowest of just 0.4% of the loan amount as processing fee, subject to a minimum of Rs. 10,000 and a maximum of just Rs 30,000.
