HOME LOAN PRODUCTS

1.SBI MAXGAIN
HOME LOAN AS AN OVERDRA
An innovative and customer-friendly product enabling the customers to earn
optimal yield on their savings by reducing interest burden on Home Loans, with no
extra cost.
The loan is sanctioned as an Overdraft with added flexibility to operate the Home
Loan Account like SB or Current Account. Bank also provides Cheque Book/Net
Banking facility for the purpose.
The product enables customers to park their surplus funds/savings inSBI
Maxgain (with an option to withdraw whenever required), especially in the wake
of low yields on other Deposit/Investment products.
Loan Amount
Minimum Loan Amount: Rs.5 lacs
Maximum Loan Amount: No Cap
Interest Rate
A premium of 0.25% over and above the applicable Home Loan interest
rate for Home Loan > Rs.1 crore is payable.
(Other terms and conditions are as applicable to regular Home Loan Scheme)
SBI YUVA HOME LOAN
TAILOR MADE HOME LOAN SCHEME FOR THE YOUTH
SBI YUVA Home Loan provides 20% higher loan amount than that of normal
Home Loan eligibility to Salaried employees of Private Sector
Companies/MNCs/Government Undertakings/PSUs & the Government employees.
Eligibility
Age between 21 years to 45 years.
Minimum Net Monthly Income of applicants should be Rs. 30,000/-
(expected rental income from the proposed property should not be included
in the monthly income of the borrower).
Repayment
Under SBI Yuva Home Loan Scheme, only the interest applied on Home
Loan is payable during the first 36 months. The regular EMIs start after
completion of 36 months.

(Other terms and conditions are as applicable to regular Home Loan
Scheme)
NRI HOME LOANS:
HOME LOANS TO NON RESIDENT INDIANS (NRIs) &
PERSONS OF INDIAN ORIGIN (PIOs)

Eligibility
Non Resident Indians (NRIs) or Persons of Indian Origin(PIOs)
The applicants should have a regular source of income.
Minimum employment tenure in India/Abroad should not be less than 2
years.

Loan Amount
Minimum Loan Amount: Rs. 3 lacs
Maximum Loan Amount: No upper cap.

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

SBI REALTY

HOME LOANS FOR PURCHASE OF PLOT FOR CONSTRUCTION OF A
DWELLING UNIT

SBI Realty provides an opportunity to the customer to purchase a plot for
construction of house.
The construction of house should commence within 2 years from the date
of availment of SBI Realty Loan.
Customers are also eligible to avail another Home Loan for construction
of house on the plot financed under the SBI Realty with the benefit of
running both the loans concurrently.


Loan Amount : Maximum Loan Amount:Rs.10 crores

Repayment Period : Upto 15 years

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

SBI PAL

PRE-APPROVED HOME LOAN

The SBI PAL provides sanction of Home Loan limits to the customers
before finalization of the property which enables them to negotiate with the
Builder/Seller confidently.
The loan eligibility will be assessed on the basis of income details of the
applicant.
Non-refundable processing fee as applicable to the Home Loan will be
collected at the time of sanction.
Validity Period
Pre-approved loan arrangement letter (PLAL) will be valid for a period
of 4 months. Property papers will be required to be submitted by the
borrower within the validity of PLAL. Processing fee will not be levied
again.

Loan Amount
Pre-approved loan arrangement letter (PLAL) will carry the eligible loan
amount calculated on the basis of prevailing interest rates
Minimum Loan amount: Rs.10 Lacs.
(Other terms and conditions are as applicable to regular Home Loan
Scheme)


SBI TRIBAL PLUS

SPECIAL HOME LOAN SCHEME FOR HILLY/TRIBAL AREAS

'SBI Tribal Plus' is a Special Home Loan Scheme designed for
Hill/Tribal areas (where mortgage of the property is not possible) for
extending financial assistance to individuals.
Loan is sanctioned for Purchase or construction of a new house / flat
(without mortgage of land).
Purchase of an existing (old) house / flat which is not more than 10 years
old.
Repair /Renovation/extension of an existing house or flat.

Loan Amount
Minimum Loan Amount: Nil
Maximum Loan Amount: Rs. 10 lacs

Repayment Period
Maximum repayment tenure: 15 years


GRAM NIWAS

HOME LOANS IN RURAL AREAS

Scheme covers all Rural and Semi-urban centres having population upto
50,000 as per 2001 census.
Home Loans under Gram Niwas Scheme are sanctioned for purchase/
construction/repair and renovation of house and purchase of plot for
construction of a house/shed etc.
Loan Amount
Minimum Loan Amount: Nil
Maximum Loan Amount: Rs. 5 lacs

Repayment Period
Maximum repayment period :15 years
(Processing Charges are waived under the Gram Niwas Scheme)
SAHYOG NIWAS
HOME LOANS TO SELF HELP GROUPS IN RURAL AREAS

The Sahyog Niwas Scheme provides Home Loan to Self help groups, having good
payment record of 2 years, for on lending to their members for:
v Purchase or construction of a house exclusively or including the housing
needs of activities carried by them (Dairy shed, tailoring shed/shop, grocery
stores etc.)
v Renovation or repair of an existing house / shed
v Purchase of a plot for the construction of house
v Extension of existing house / work space to existing house / shed.
Loan Amount
Home Loan amount under Sahyog Niwas Scheme is restricted to 10 times
of the saving corpus of SHG subject to a maximum amount of Rs. 50,000/ per
member.
RELATED HOME LOAN PRODUCTS
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2.SBI HOME EQUITY

TOP-UP LOAN
Loan for any purpose other than speculative.
Repayment period co-terminus with the underlying Home Loan account.
Upto two Home Equity Loans allowed to exist together.
No prepayment/preclosure penalty.
Eligibility
All Home Loans with a satisfactory repayment track of at least one year.
Valid mortgage should have been created in favour of the Bank.
Loan Amount
Minimum: Rs. 0.50 lacs
Maximum: Rs. 2 crores.
Permissible Loan amount is calculated at 75% of present market value
of the house property less present outstanding in the Home Loan account.
Interest Rate
Term Loan: 1.25% over Base Rate, present effective rate:11.25% p.a.
Overdraft: 1.50% over Base Rate, present effective rate:11.50% p.a.
Loan Tenure
The tenure of the loan will be co-terminus with the original residual
maturity of the Home Loan or the option exercised by customer, whichever
is earlier.
The loan has to be liquidated before the borrower attains the age of 70
years.
EARNEST MONEY DEPOSIT (EMD) SCHEME:

LOAN FOR EARNEST MONEY FOR ALLOTMENT OF A HOUSE/PLOT

Many Government agencies, viz. Urban Development Authorities and
Housing Boards, periodically come out with schemes for allotment of
plots/houses, wherein applicants have to deposit 10-20% of the total cost of
plot/house as Earnest Money Deposit (EMD).
SBI Earnest Money Deposit Scheme provides finance for Earnest
Money deposit to all individuals above 21 years of age.
Applicant should have regular source of income.
No minimum income criteria.
Margin waived. Finance upto 100% of application money, subject to a
maximum loan amount of Rs.10 Lacs.
No security, irrespective of the loan amount.
Above mentioned features of the scheme are applicable subject to the following
conditions:
Allotment letters/refund orders should be routed through SBI.
Lump sum amount equal to 6 months interest to be paid upfront.
Two PDCs, one for the principle amount of EMD and another towards
interest for the next 6 months should be taken to meet the eventuality of
refund getting delayed.

SBI REVERSE MORTGAGE LOAN

LOAN FOR THE WELFARE OF SENIOR CITIZENS IN INDIA

House-owning Senior Citizens having inadequate income can avail this loan to
meet their financial needs for renovation/repairs to house, medical & other
personal uses.

No compulsion for the borrower to repay the loan amount during his or
her lifetime or till such time he or she continues to stay in the house.
Borrowers have the options to prepay the loan at any time without any
pre-payment penalty.
Interest Rate

2.75% above the Base Rate, present effective rate being 12.75% p.a.
(Fixed) subject to reset every 5 years.
Disbursement

Either in Monthly/Quarterly payments or 50% of the sanctioned limit in
lump-sum and the remaining in periodic payments.