The Tamil Nadu Government employees housing loan interest rate starts from 8.50% onwards in SBI. As for the processing fee, it is a 50% concession in the card rate, but a 100% waiver is allowed for selected cases. You will need to clarify these rules with the bank officials only. My father was a government employee, so I am well aware of the rates and processes of SBI, particularly so let me share them with you.
Tamil Nadu Government Employees Home Loan Interest Rate and Processing Fee
As I mentioned, the Tamil Nadu Government employees’ housing loan interest rate starts from 8.50% onwards.
Processing Fee
As for the processing fee, it is usually NIL, but in certain cases, the Advocate’s Fee for Legal Opinion, Valuers Fee for Valuation Report, CERSAI and CIBIL charge the borrower to pay some amount.
Pre-sanction
Borrower has to pay advocate’s fee for property search and title investigation report
He or she also needs to pay the valuer’s fee for a valuation report
Post sanction:
The applicant must pay the stamp duty amount
Property insurance premium charges also need to be paid
The applicant is to pay the CERSAI registration fee of Rs 50 + GST up to Rs 5 Lakh limit and Rs 100 + GST for limits above Rs 5 lakh.
To apply or know more about the RBI interest rates or charges, you can visit the
SBI official website
. You can even consult with a bank official.
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Authors Of The Question
What is the Tamil Nadu Government Employees Housing Loan Interest Rate?
Darshit
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54 days
2024-10-30T19:35:48+00:00 2024-10-30T19:35:51+00:00Comment
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