SBBJ Home Loan

Hi I want to take the home loan from the SBBJ bank so can you please tell me the eligibility and the repayment period so I can have an idea??

[Rajkumar Agarwal]

Well below I have given you the details for the home loan of the SBBJ bank so you can have a look


Home Loran eligibility

Individual person can apply

Margin

Loan up to 1 crore 20% above 1.00 crore –25%

Repayment

Maximum 30 years including moratorium period.

Pre-closure /pre-payment penalty is discontinued on all Home Loans irrespective of the
period for which the account has run or the source of funds.

Repayment to be completed by the time the borrower reaches 70 years


EMI/NMI:

Income up to 2.00 lacs – not exceeding-40%

Income above 2.00 lacs and up to 5.00 lacs – not exceeding 50%

Income above 5.00 lacs – not exceeding-55% Income of spouse /son/ daughter {any two)
can be clubbed.

For businessman loan amount may be considered on the basis of sales if the loan amount
is more than 2.00 lacs

Processing Fee

(including service tax)
Upto Rs.25,000 - NIL
Above Rs.25,000 - REGULAR HOME LOAN : 0.50% of Loan Amount
(Min Rs.500 & Max Rs.10,000)

Upto Rs.25,000 - NIL
Above Rs.25,000 - ONLINE HOME LOAN : 0.50% of Loan Amount
(Min Rs.500 & Max Rs.10,000)

If you want more info then feel free to contact again