How to get Home Loan?

Getting a home loan is a big step towards becoming a homeowner. Making informed decisions and realising your dream of home ownership requires an understanding of the process of home loan application and approval. 

I have recently availed myself of home loan from SBI. So I can share the procedure of home loan from SBI with you all. The SBI home loan interest rate is 8.40% onwards, and the home loan usually gets sanctioned within 5 days for SBI tie up projects.

How to Get Home Loan from SBI?

• I clicked on this

  SBI Home Loans

  portal

• I had to choose from a varied range of home loan products of SBI. This includes;

1. Regular Home Loan

2. Balance Transfer of Home Loan

3. NRI Home Loan

4. Flexipay Home Loan

5. Privilege Home Loan

6. Shaurya Home Loan

7. Pre-Approved Home Loan

8. Realty Home Loan

9. Home Top Up Loan

10. YONO Insta Home Top-Up Loan

11. Home Loan to Non-Salaried – Differential offerings

• Clicked on the particular type of home loan that I wanted to avail, that is, on the regular home loan option

• Followed by clicking on the “Apply Now” button

• This landed me to a new

  Get best home loan

  page

• Now I had to enter my account number, relationship with bank, mobile number, and click on the submit button.

• After this, I got to know about the eligibility criteria and the various loan offers

• After this, I filled out and submitted the complete

  Application Form - SBI Home Loans

  to get a home loan.

The usual eligibility criteria to avail home loans from SBI are as follows;

• Resident Type: Resident Indian

• Maximum Age: 70 years

• Minimum Age: 18 years

• Loan Tenure: up to 30 years.

I hope this helps you understand the home loan process step by step in SBI.

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Applying for a house loan can be a difficult process, but it can be made simpler with prior planning. You must plan your budget and build a good credit score because they will affect the interest rate and size of the loan. Moreover, you can get a home loan by following the below steps:

• Tap on

  NoBroker Home Loan Service

  .

• Mention your name, mobile number, and email address.

• Select the option whether the property finalised or not.

• Click the Check Eligibility button.

• Choose your employment type.

• Now, mention all the required details like monthly income, required loan amount, and tenure.

• Click Sow Offers.

• Check the interest rate and monthly EMI of various banks. Select your preferred bank.

• Click on Continue.

• Choose Property City and Property Type.

• Upload the supporting documents to successfully complete the process.

These procedures make getting a home loan more easily and assist you in fulfilling your dream of home ownership.