| SBI Flexipay Home Loan Highlights 2023 | |
| Interest rate | 8.60% p.a. onwards |
| Loan amount | Based on customer profile |
| Repayment tenure | Up to 30 years |
| Processing fee | NIL |
Note: Interest rates as of 31st January 2023
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Table of Contents
SBI Flexipay Home Loan Interest Rates
Term Loan Interest Rates During SBI Home Loan Festive Offer (valid up to 31st Mar 2023)
| CIBIL Score | Interest Rates (p.a.) |
| >= 800 | 8.60% |
| 750-799 | 8.60% |
| 700-749 | 8.70% |
| 650-699 | 9.20% |
| 550-649 | 9.40% |
| NTC/No CIBIL Score/-1 | 8.80% |
Overdraft (Max Gain) Interest Rates
| CIBIL Score | Interest Rates (p.a.) |
| >= 800 | 9.30% |
| 750-799 | 9.40% |
| 700-749 | 9.50% |
| 650-699 | 9.60% |
| 550-649 | 9.80% |
| NTC/No CIBIL Score/-1 | 9.50% |
Note:
- 5% concession available to women borrowers subject to minimum EBR, 8.90%.
- Premium of 10 bps to card rate for loans up to Rs 30 lakhs for LTV > 80% and < = 90%.
- Top-up loan is not permitted under overdraft facility (Max Gain) for loans below Rs 20 lakhs and above Rs 2 crore.
- Overdraft facility (Max Gain) is only available for ready to move-in properties.
- 5 bps concession under privilege home loan if maintaining a salary account with SBI under salary package.
Also Read: How you can build or rebuild your credit score with Step UP Credit Card co-branded with SBM Bank India Ltd.
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SBI Flexipay Home Loan Fees and Charges
NIL (during festive campaign between 4th Oct 2022 to 31st Mar 2023).
For other fees and charges visit https://www.paisabazaar.com/sbi-bank/home-loan/
SBI Flexipay Home Loan Eligibility Criteria
- Resident Type: Resident Indian
- Minimum Age: 21 years
- Maximum Age: 45 years, to apply for loan, and upto age of 70 years for repayment
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SBI Flexipay Home Loan Documents Required
- List of common documents for all applicants:
Employer Identity Card - Completed loan application form duly filled with 3 Passport size photographs
- Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
List of property papers:
- Permission for construction (where applicable)
- Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
- Occupancy Certificate (in case of ready to move property)
- Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
- Approved Plan copy (Xerox Blueprint) & Registered Development agreement of the builder, Conveyance Deed (For New Property)
- Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller
List of account statements:
- Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
- If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
List of income proof required for salaried applicants/co-borrower/guarantor:
- Salary Slip or Salary Certificate of last 3 months
- Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.
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