SBI Flexipay Home Loan

SBI Flexipay Home Loan Highlights 2023
Interest rate	8.40% p.a. onwards
Loan amount	Based on customer profile
Repayment tenure	Up to 30 years
Processing fee	Up to 0.17% of the loan amount (Rs 2,000-Rs 10,000)

Note: Interest rates as on 30th November 2023

SBI Flexipay Home Loan Interest Rates

Campaign Rates (Term Loan)

CIBIL Score	Interest Rate (p.a.)
>=800	8.60%*
750-799	8.60%*
700-749	8.70%*
650-699	9.45%
550-649	9.65%
NTC/No CIBIL/-1	8.70%*
151-200**	8.70%
101-150**	9.45%

Note:

• *20 bps concession over the above proposed rates for Home Loan Balance Transfer and ready to move-in properties (for CIBIL Score of 700 and above)
• **Score Bands of 101-150 & 151-200 are assigned by CIBIL for New to Credit borrowers.
• Premium of 10 bps for loans up to Rs 30 lakh for LTV > 80% and < = 90%.
• 5 bps concession available to women borrowers and 5 bps concession available to salary account holders.

Also Read: How you can build or rebuild your credit score with  Step UP Credit Card co-branded with SBM Bank India Ltd.

SBI Flexipay Home Loan Fees and Charges

Processing fee: 0.17% of loan amount (Rs 2,000 – Rs10,000) + GST

Click here to know detailed fees and charges of SBI 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 up to age of 70 years for repayment

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.