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SBI Shaurya Home Loan

State Bank of India (SBI) offers Shaurya Home Loan scheme to the army and other defense personnel for tenures of up to 30 years. The loan amount is sanctioned on the basis of applicant’s profile, income, age, repaying capacity, assets, liabilities, cost of proposed house/flat, etc. The bank also offers overdraft facility, branded as Max Gain, to SBI Shaurya loan applicants purchasing ready to move-in properties under this home loan scheme.
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Lowest interest rates starting from 7.1%

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Starting 7.10% p.a.

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HDFC Bank
Min Loan Amt. 15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee10,000
ICICI Bank
Min Loan Amt. 15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee10,000
Axis Bank
Min Loan Amt. 30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee14,000
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Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

SBI Shaurya Home Loan Highlights

Interest rate 7.25%-8.70% p.a.
Loan amount Based on the applicant’s profile
Loan tenure Up to 30 years
Processing fee NIL

SBI Shaurya Home Loan Interest Rates

SBI has not explicitly mentioned the interest rates for the Shaurya Home Loan Scheme. However, SBI Home Loan interest rates start at 7.25% p.a.

SBI Shaurya Home Loan Fees and Charges

Processing fee and Prepayment Charges

Processing fee NIL
Prepayment charges NIL

Other Fees and Charges

CERSAI Charges For a limit of up to Rs 5 Lakh: Rs 50+ GST
For a limit of above Rs 5 Lakh: Rs 100 + GST
Advocate’s fee To be paid at actuals
Valuer’s fee To be paid at actuals
Stamp duty To be paid at actuals
Property insurance premium To be paid at actuals

Click here to know detailed fees and charges of SBI Home Loan

SBI Shaurya Home Loan Eligibility Criteria

Borrower profile Indian Resident
Minimum age 18 years
Maximum age 75 years

SBI Shaurya Home Loan Documents Required

For all applicants:

  • Employer Identity Card
  • Completed loan application form duly filled in and affixed with 3 Passport size photographs
  • Identity Proof (any one): PAN Card/ Passport/Driver’s License/Voter ID
  • Residence Proof (any one): Recent copy of telephone bill/electricity bill/water bill/piped gas or copy of Passport/Driver’s License/Aadhaar Card

Property papers:

  • Permission for construction (wherever applicable)
  • Registered agreement for sale (only for Maharashtra)/ Allotment letter/ Stamped agreement for sale.
  • Occupancy certificate (in case of move-in property)
  • Share certificate (only for Maharashtra), Maintenance bill, Electricity bill, property tax receipt
  • Approved plan copy (Xerox blueprint) and Registered Development agreement of the builder, Conveyance deed (for new property)
  • Payment receipt or bank account statement showing all the payments made to the builder/seller

Account statement:

  • Last 6 months bank account statements for all bank accounts held by the applicant/s.
  • If any previous loans are from other banks/lenders, then the loan account statement for the last one year.

Income proof for the salaried applicant/ co-salaried applicant/guarantor:

  • Salary slip or salaried certificate of last 3 months
  • Copy of Form 16 for the last 2 years or copy of IT returns for the last 2 financial years, acknowledged by the IT department

Income proof for non-salaried/co-applicant/guarantor:

  • Business address proof
  • IT returns for the last 3 years
  • Balance sheet and profit & loss account for last 3 years
  • Business License details (or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A, Doctors and other professionals)

Click To:- Know More SBI Home Loan Documents Requirements

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Your Dream Home

How Can I Apply for a Home Loan Online?

Get up to 5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Get a Home Loan For
Your Dream Home

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What our customers say

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Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Home loan here

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quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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