How to Check Home Loan Eligibility in SBI?

It’s quite simple to

check home loan eligibility in SBI. I had taken a housing loan a few years back and at that time, I wasn’t aware of how to apply for the loan and check eligibility online. My brother explained to me the process of home loan application and also showed me the steps of checking eligibility through the official website of SBI. I have shared the same below. 

How to Do SBI Housing Loan Eligibility Check?

Follow the below steps to check your home loan eligibility SBI.

• Visit the official website of SBI Home Loan

• Fill in the necessary details such as your relationship with the bank, account number, property details, income details, and so on. 

• After you’re done, you will see the amount of loan you’ll get along with the interest rate. 

So, these are some simple steps to check your eligibility for home loan in SBI. I am also sharing a brief process of applying for an SBI home loan.

• Firstly, you need to fill in your income and property details.

• Then, you get a chance to apply for loan offers.

• Fill in your application form, which includes necessary documents and personal details.

• Once you submit your application, it usually takes 3-10 days to get approval for the loan.

• You can also use the SBI YONO App to apply for the home loan. 

SBI’s online application and documentation process is simple, but what I dislike about them is their prolonged approval time. 

I hope this gives you some idea on SBI home loan check eligibility.

Get Your Home Loan Eligibility Checked Instantly via NoBroker Home Loan Services Read more

How To Check IFSC Code in SBI YONO App?

My brother recently availed of a home loan to non-salaried – differential offerings from SBI. I can now share with you the home loan eligibility SBI requirements that he had to meet in order to be eligible for this loan.

What are the SBI Home Loan Eligibility Criteria?

• Residency: Resident Indian

• He had to disclose whether he is Proprietor of a Proprietorship firm, a partner in a partnership firm, or is one of the Directors in a Company:

1. Been around for at least the previous three years

2. Has to have made net profit within the previous two years.

3. Any current credit facilities to be regular and standard. The current bankers will provide an opinion report in this regard.

4. In the event that the proposed House Property is purchased jointly by the Proprietor and the Proprietary Firm, the latter must be either a business free of debt or the current borrower.

• Minimum Age: 18

• Maximum Loan Tenure: 30 Years.

• The maximum loan amount is Rs. 50 crores, with a minimum of Rs. 50,000.

How to Check SBI Home Loan Eligibility? 

I believe there are around 16 SBI home loan products. So for the home loan eligibility check SBI, you can visit this

SBI Home Loans

portal, and click on the particular type of home loan that you want to avail. This will provide you with details like their features, eligibility, interest rates & fees, documents required. 

I hope this information on how to check eligibility for home loan SBI help you!

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Read More:

What are all Types of SBI Home Loan? 

When we purchase a house we look out for banks or lenders who can offer us home loans at a lower interest rate. While taking loans we also look for an organization that is genuine and trustworthy. Besides, we all look for perks such as flexible payment methods. And the moment we think about these factors, the State Bank of India (SBI) strikes our mind. We tend to wonder how to check home loan eligibility SBI. I will share with you details about the eligibility criteria and how to SBI home loan eligibility check online.

How to SBI home loan check eligibility?

• To check the home loan eligibility of SBI you can visit the SBI home loan website.
• Click here to visit the website.
• On the left-hand corner, you will find an option called 'Check Eligibility'. Tap on it.
• A new tab will open after tapping on it.
• Here you will need to provide information such as
• Relationship with bank
• Property Details
• Applicant Details
• Income Details
• Co-applicant Details
• Location for availing home loans
• After entering the details you will be able to see what amount of loan you will be offered by SBI along with the interest rate.

If you are an existing SBI customer, you can also check the eligibility by logging into the SBI Yono app. For this process, you will need to

• log in to the YONO account.
• Tap on the menu with three lines on the top left
• Tap on loans
• Tap on home loans
• Here you will be able to check the eligibility after providing the date of birth.
• Enter the income source
• Enter the net monthly income
• Information of any other loans
• You can check the eligible amount of loan you will receive in this way.

Another method to calculate eligible loan amount is online widget. It will give you an approximate idea about the amount, tenure etc. [widget_homeLoan_checkEligibility_form] The minimum eligibility criteria to apply for a home loan SBI:

•  Age should be between 18 years to 70 years.
• The employment type should be a salaried individual or non-salaried business person or professional
• The loan to value ratio should be 80% to 90%
• The minimum SBI home loan eligibility CIBIL score is 550
• The maximum home loan tenure for repayment is 30 years.

The current home loan interest rate of SBI is 6.95% I hope you know how to check home loan eligibility SBI online. Click here to get home loans at the lowest interest rate of 6% from NoBroker. To calculate your EMI go NoBroker EMI calculator. Read more: How to reduce SBI home loan tenure? How to apply home loan in SBI?