For Quick Alerts
For Daily Alerts

SBI Makes Home Loan Cheaper For Govt Employees


To both state and central government employees, SBI is providing cheaper home loan offer under the Privilege Home Loan scheme. The bank on its twitter account says, "Central and state government employees can enjoy special benefits with the SBI Privilege Home Loan."

SBI Makes Home Loan Cheaper For Govt Employees

Eligibility: Under its flagship offer, individuals employed with PSUs, PSBs and other with pensionable service can apply for the home loan offer with the bank at an affordable rate. The loan amount disbursal will however depend on some of the considerations including person's income source, repayment capacity, age, cost of proposed flat, assets, liabilities etc.

Features of SBI Privilege Home loans are:

• Low Interest Rates

• Zero Processing Fee

• No Hidden Charges

• No Pre Payment Penalty

• Interest charges on daily reducing Balance

• Repayment up to 30 years

• Interest Concession for women borrowers

• Interest Concession in case check off is provided


• Resident Type: Resident Indian

• Minimum Age: 18 years

• Maximum Age: 75 years

• Loan Tenure: up to 30 years.

Some of the benefits of availing a home loan are as under:

Longer tenure that enables the borrower to plan the repayment of debt such that his or her other financial obligations are not left in a lurch and instead can go hand in hand. Also, there is a pre-payment option where the borrower seeking surplus can service the debt at an earlier stage.

Interest rate under the Privilege home loan scheme is provided in the table below:

Category Above Rs. 10 lakh and up to Rs. 30 lakh Above Rs. 30 lakh and up to Rs. 75 lakh Above Rs. 75 lakh and upto Rs. 50 crore
Women (With check-off) 8.75-8.85% per annum 8.9-9.00% per annum 9-9.1% per annum
Others 8.75-8.85% per annum 8.9-9.00% per annum 9-9.1% per annum
Women ( without check off) 8.75-8.85% per annum 8.9-9% per annum 9-9.1 % per annum
Others 8.80-8.90% per annum 8.95%-9.05% per annum 9.05-9.15% per annum

Read more about: home loan sbi
Story first published: Monday, January 21, 2019, 12:15 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more