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30th January 2017, 09:07 AM
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Join Date: Mar 2013
Re: Home Loan Eligibility State Bank Of Mysore

As you Asking for the Home Loan of the State bank of I Mysore the details of the Home Loan Facility of the State bank of Mysore is given below

Purpose of the House Loan

Construction or Purchase of a new house or flat
Repairs / Renovation / Extension of existing house
For purchase of plot for construction of house within two years
For purchase of built houses not more than 15 years old
Housing loan against II charge
For Purchase of Furnishings / Consumer durables as part of the project cost

Housing Loan Maxgain

Campaign period 01.10.2016 to 30.11.16
Rs. 25 Lacs and upto Rs. 1 crore(inclusive)
9.55%(10bps above 1 year MCLR)

Above Rs. 1 crore
9.65%(20bps above 1 year MCLR)


Loan Amount

Net Annual Income Rs. Permissible EMI/NMI Ratio
1) Upto.60,000/- 20%
2) > Rs.60,001/- <=Rs.1,20,000/- 25%
3) > Rs.1,20,001/- to < =Rs.2 lacs 30%
4) > Rs.2 lacs to < =Rs.5 lacs 50%
5) > Rs.5 lacs to < =Rs.10 lacs 55%
6) >= Rs.10 lacs 65


Interest Rates

a) Interest chargeable
(in case of floating Rate Loan)
Limit up to Rs.1 Crore MCLR+0.10=9.55
Limit above Rs.1 Crore MCLR+0.15=9.60

Rates are applicable during campaign period from 01.10.2016 to 30.11.2016


For more details you may Contact to the State bank of Mysore Nearst branch


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