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SBI PRIVILEGE HOME LOAN

SBI PRIVILEGE HOME LOAN

Eligible applicants – Employees of Central / State Governments including PSBs, PSUs of Central Government, and other individual(s) with pensionable service.

  • Reduced burden of servicing EMIs under the new schemes as lower EMIs would need to be serviced during the post-retirement term. This is because the EMIs to be serviced during the post-retirement term are capped at 50% of the current Net Monthly Income.

  • Extended repayment upto the age of 75 years as against 70 years under normal Home Loan scheme. The maximum loan term, however, shall remain capped at 30 years.

  • Full waiver of Processing Fee.Out-of-pocket expenditure such as Advocate‚Äôs Fee for Legal Opinion, Valuers Fee for Valuation Report, CERSAI and CIBIL charges will continue to remain applicable.

  • Benefit of lower interest rate as a concession of 5 bps over the Home Loan Card Interest Rate is available wherever check-off facility is extended by the Government under tie-up arrangement with the Bank.

  • Option for customers of other Banks / FIs to switchover their Home Loan outstanding balance to State Bank of India.

(Other terms and conditions are as applicable to regular Home Loan Scheme)

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