#1
28th January 2017, 05:19 PM
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Home Loan Eligibility State Bank Of Mysore
Hii sir, I Wants to Apply for the Home Loan of the State bank of Mysore Will you Please provide me the Eligibility Criteria of the Home Loan of the State bank of Mysore ?
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#2
30th January 2017, 09:07 AM
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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 |