SBI Home Loan Scheme: If you are short of money and you are dreaming of your own house, then you can build a house by taking a loan under SBI Home Loan Scheme. SBI is providing loan facility at very low interest rate which you can repay in easy installments. Under SBI Home Loan Scheme, you can become the owner of your own house by taking a loan of up to Rs 30 lakh.

SBI Home Loan Scheme is better than any other loan scheme, where you have to pay very low interest. How can you take a loan from SBI Home Loan Scheme? We will tell you complete information about this in this post. So read the article till the end.

What Is The Scheme?

Under SBI Home Loan Scheme, you can take a loan of 90% of the value of your property. Under this loan scheme, you can take a loan of up to Rs 30 lakh which you can repay in 30 years. This loan has been designed in such a way that the process of repaying it becomes simple.

Civil score plays the most important role in SBI Home Loan Scheme. If your civil score is better then you can get a loan at a very low interest rate under this scheme. On the other hand, you may have to pay more interest on a poor civil score.

Eligibility

First of all, the applicant must have an account in SBI Bank.

The applicant must have all the documents related to the property.

The applicant must have the paper of the land in which the house will be built.

People between 21 and 60 years can apply under the SBI Home Loan Scheme.

Required Documents

  • Aadhaar Card
  • PAN Card
  • Voter ID Card
  • Identity Card
  • Income Certificate
  • Bank Passbook
  • Property Related Documents
  • Income Tax Receipt
  • Bank Statement of Last 6 Months
  • Salary Slip of 3 Months

How to Apply

First of all you have to go to the nearest bank branch.

From where you will get the application form of SBI Home Loan Scheme.

After getting the application form, you have to fill the form and submit the form along with all the documents.

After this the bank employees will check your application.

If you are eligible for this loan scheme, then the loan amount will be transferred to your bank account.

In this way, you can get a loan under SBI Home Loan Scheme and fulfill your dream of building your own house.