How to do SBI Home Loan Apply?

With SBI Home Loan apply, you can meet the financial need of buying your own house. After you satisfy SBI Home Loan eligibility, you can opt for SBI Home Loan apply online. The SBI Home Loan interest rate charged is quite low and depends on the eligibility criteria. When you go for SBI Home Loan apply, you must know that SBI Home Loan interest rate begins from 8.35%*. To avoid application rejection, you can use the SBI Home Loan EMI Calculator. By inserting the loan amount, tenure and interest rate, SBI Home Loan EMI calculator gives you the EMI amount that you have to repay. So, at the time of SBI Home Loan apply online, you must check SBI Home Loan eligibility, SBI Home Loan interest rate, and SBI Home Loan EMI calculator.

SBI Home Loan Eligibility Criteria

You must fulfill SBI Home Loan eligibility criteria when opting for SBI Home Loan apply. Your income, age criteria and credit history must be suitable with SBI Home Loan eligibility.

Following are the SBI Home Loan eligibility that you must satisfy when going for SBI Home Loan apply online-

Age	18 to 70 years
Loan Amount	Max Rs. 3 crores (may vary)
Interest Rate	8.35%* onwards
Processing Fees	0.35% of the loan amount
Loan Tenure	30 years
Minimum Income	Rs. 25,000 and more
Employment Type	Salaried or Self-Employed
Work Experience	For Self-Employed- 5 years For Salaried- 2 years

Documents Required for SBI Home Loan Apply

Along with SBI Home Loan application form when going for SBI Home Loan apply, you need to submit some important documents. Also, you need to submit the legal property papers to get approval for SBI Home Loan.

Following are the documentation required-

Passport Size Photograph
Application Form
Proof of Identification- PAN card, AADHAAR card, Voter ID card, Passport
Income Proof for the self-employed applicant- Profit & Loss statement of last 3 year, Audited Balance Sheet, Business Licenses Paper, IT file of last 2 years
Updated Bank account statement of last 6 months
Statement of your personal assets
Income Proof of the salaried applicant- Pay Slip of last 3 months, Form 16
Address Proof- Driving License, Last 3 months utility bills like Gas or Electricity Bill
Complete record of your existing liabilities