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:
Been around for at least the previous three years
Has to have made net profit within the previous two years.
Any current credit facilities to be regular and standard. The current bankers will provide an opinion report in this regard.
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 Loansportal, 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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What are all Types of SBI Home Loan?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.
- 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.
- 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.
How to Check Home Loan Eligibility in SBI?
Suchandra
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2 Year
2022-01-24T12:05:29+00:00 2024-01-20T11:49:18+00:00Comment
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