SBI Shaurya Home Loan

SBI Shaurya Home Loan Highlights 2023
Interest rate	8.50% p.a. onwards
Loan amount	Based on customer profile
Loan tenure	Up to 30 years
Processing fee	0.17 (Rs 2,000-Rs 10,000)

Note: Interest rates as of 22nd September 2023

SBI Shaurya Home Loan Interest Rates

Card Rates (Term Loan)

CIBIL Score	Interest Rate (p.a.)
>=800	8.50%
750-799	8.50%
700-749	8.60%
650-699	9.35%
550-649	9.55%
151-200	8.60%
101-150	9.35%
NTC/NO CIBIL/-1	8.60%

Note:

• Premium of 10 bps for loans up to 30 lacs for LTV >80% & < =90%
• 5 bps concession available to women borrowers subject to minimum EBLR, i.e., 9.15
• 5 bps concession if maintaining 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.

Compare Home Loan Interest Rates of Top Banks & HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.40% - 10.15%	8.40% - 10.05%	8.40% - 10.05%
HDFC Bank Limited	8.50% onwards	8.50% onwards	8.50% onwards
LIC Housing Finance	8.50% – 10.35%	8.50% – 10.55%	8.50% – 10.75%
ICICI Bank	9.00%-9.80%	9.00%-9.95%	9.00%-10.05%
Kotak Mahindra Bank	8.75% onwards	8.75% onwards	8.75% onwards
PNB Housing Finance	8.50% - 14.50%	8.50% - 11.45%	8.50%-11.45%
Punjab National Bank	8.55%-10.25%	8.50%-10.15%	8.50%-10.15%
Bank of Baroda	8.40% - 10.65%	8.40% - 10.65%	8.40% - 10.90%
Union Bank of India	8.35% – 10.80%	8.35% – 10.95%	8.35% – 10.95%
IDFC First Bank	8.85% onwards	8.85% onwards	8.85% onwards
L&T Finance Limited	8.60% onwards	8.60% onwards	8.60% onwards
Bajaj Housing Finance	8.45% onwards	8.45% onwards	8.45% onwards
Tata Capital Housing Finance	8.70% onwards	8.70% onwards	8.70% onwards
Federal Bank	8.80% onwards	8.80% onwards	8.80% onwards

SBI Shaurya Home Loan Fees and Charges

Processing fee and prepayment charges

Processing fee	0.17 (Rs 2,000-Rs 10,000)
Prepayment charges	NIL

Other fees and charges

CERSAI Charges	For limit of up to Rs 5 Lakh: Rs 50+ G.S.T For limit of above Rs 5 Lakh: Rs 100 + G.S.T
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 Builder/seller.

Account statement:

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

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

• Salary slip or salaried 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 department.

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

• Business address proof
• IT returns for 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