Home Loan Details of Sbi (Bba 4th Sem.)

7/30/2019 Home Loan Details of Sbi (Bba 4th Sem.)

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HOME LOAN DETAILSOF SBI

Presented By: Kumar SaurabhBBA 4th Semester


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INTRODUCTION

"THE MOST PREFERRED HOME LOAN PROVIDER" voted inAWAAZ Consumer Awards along with the MOST

PREFERRED BANK AWARD in a survey conducted by TV 18

in association with AC Nielsen-ORG Marg in 21 cities

across India, SBI is the most leading bank in terms ofHome Loans.

The bank offers home loans for purchase and/or

construction of house property as well as plot loans. It

offers loans for buying resale property and extension/

repair/ renovation/ alteration of an existing house.


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HISTORY OF SBI

STATE BANK OF INDIA (SBI) is government owned andis the largest bank in India.

It traces its ancestry back to the Bank of Calcutta

which was established in 1806; this makes SBI the

oldest commercial bank in Indian subcontinent.

Manages the nations largest ATM networks.

SBI provides various domestic, national, and NRI

products and services through its vast network inIndia and overseas.


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LIST OF FEW SBI HOMELOANS

1. SBI MAXGAIN

2. SBI YUVA HOME LOAN

3. NRI HOME LOANS

4. SBI REALTY

5. SBI PAL

6. SBI TRIBAL PLUS

7. GRAM NIWAS

8. SAHYOG NIWAS


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FEATURES OF HOME LOANS

Provision for on the spot " In principle"approval.

Loan sanctioned within 6 days of submission

of required documents. Option to avail Home Loan as a Term Loan or

as an Overdraft facility to save on interest and

maximize gains. Option to club income of your spouse and

children to compute eligible loan amount


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Repayment permitted upto 70 years of age.

Free personal accident insurance cover upto

Rs.40 Lac.

Interest calculated on daily reducing balance

basis, and starts from the date of disbursement.

Option to avail loan at the place of employment

or at the place of construction


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ELIGIBILITY FOR LOANS Minimum age 18 years as on the date of

sanction.

Maximum age limit for a Home Loan borrower

is fixed at 70 years, i.e. the age by which the

loan should be fully repaid.


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RATE OF INTEREST- Float Interest Rate : 10.25

- Tenure 20

- Processing Fee : 0.50% of loan amount or max

Rs. 10000

- Prepayment Charges : 2% on the amount

prepaid only incase of takeover

- Statement Charge : NA


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CONCLUSIONSBI has made home loans in India easy. It

provides adequate home loans at suitable

interest rates and time period.

Lowest Equated Monthly Installments (EMI).

No hidden or administrative costs.

Unique facilities such in principle approval,

overdraft facility, option to enhance loan amount

eligibility, free personal accident insurance and

varied schemes like the plus schemes.

Documents

Home Loan Details of Sbi (Bba 4th Sem.)