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How much Home Loan can I Get from SBI?

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0 2024-01-23T11:34:58+00:00

I have recently availed of the SBI realty home loan. SBI realty home loan has provided me with an opportunity to buy a plot of land to build a residence on it. So, I can share the maximum home loan amount SBI. The main condition is that within three years of the loan's approval and disbursement, the house's construction should be finished.

How Much Home Loan Can I Get SBI?

There are several SBI home loan products. So the SBI housing loan maximum limit for each home loan differs. However, as I said I availed of the SBI realty home loan, I will let you know that an SBI realty home loan applicant may receive a maximum loan amount of Rs. 15 crores with a manageable 10-year repayment period.

Factors affecting SBI Home Loan Maximum Limit:
  • Income

  • Age

  • Employment type

  • Credit score

  • Property value

To get an accurate estimate, it’s best to visit the SBI branch or their website to check the maximum limit that you are eligible for.

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My cousin also had a dream of purchasing a house just like everyone else. To achieve this goal, she took an SBI home loan. What I really like about the SBI home loan is their eligibility criteria which ensure that nobody feels burdened in paying their loan EMI and has enough money for their daily expenses. If you have a query like “how much home loan can I get from SBI”, then you will find this answer helpful. How Much Loan Can I Get from SBI: Eligibility Criteria
Eligibility Criteria Self-Employed and Salaried
Income Criteria Minimum salary for SBI Home Loan Rs. 25,000
Age Criteria Minimum: 18 years Maximum: 70 years
Loan Tenure Up to 30 years
Prepayment Charges Nil
Nationality Indian
  The SBI housing loan eligibility calculator will help you know how much home loan can I get in SBI based on different monthly incomes considering a max. repayment tenure of 30 years and an interest rate of 6.95% per annum (starting interest rate), and assuming there isn’t any financial commitment towards the EMI of other loans. SBI Home Loan Amount Based on Different Salaries
Monthly Income Loan Amount
Rs. 25,000 Rs. 15,10,693
Rs. 30,000 Rs. 20,39,435
Rs. 35,000 Rs. 23,79,341
Rs. 45,000 Rs. 30,59,153
Rs. 50,000 Rs. 33,99,059
Rs. 55,000 Rs. 41,54,405
Rs. 60,000 Rs. 45,32,079
Rs. 65,000 Rs. 49,09,752
Rs. 70,000 Rs. 52,87,425
Rs. 75,000 Rs. 56,65,098
I hope now you know how much home loan can I get on 40000 salary in SBI. In my opinion, NoBroker provides the best home loan services as the home loan interest rates of their partner banks are low and they require minimal documentation. Check your home loan eligibility in minutes using this simple calculator:

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Read more: What is the home loan interest rate in SBI? How to transfer home loan to SBI? How to reduce home loan interest rate in SBI? How to check SBI home loan status? I hope I cleared all your doubts on how much home loan can I get from SBI.