10 Lakh SBI Home Loan

Having a house that you can return to at the end of the day is a dream for many. To bring this long-waiting dream to life, an SBI 10 lakh home loan might be the most viable option you may have. As India’s largest home loan lender, the bank offers an array of financing options catering to a diverse range of customers, along with attractive features and discounts. 

These features may include a flexible 10 lakh home loan EMI SBI, competitive SBI home loan interest rates for 10 lakhs, minimal eligibility criteria, and moderate documentation requirements, among others. These aspects collectively make this SBI 10 lakh home loan more affordable and borrower-friendly, making your homeownership journey less difficult. Let’s scroll down and learn more.

10 Lakh SBI Home Loan – Highlights

Let’s take a look at a list of key parameters you might be aware of before delving deeper into the 10 lakh home loan EMI SBI, eligibility, documentation, and other relevant factors.  

10 Lakh SBI Home Loan EMI for 10 Years

Here is the data regarding a 10 lakh home loan EMI SBI for a 10-year loan tenure:

10 Lakh SBI Home Loan EMI for 20 years

Following are the estimated SBI housing loan EMI for 10 lakhs, as per a 20-year loan tenure:

10 Lakh SBI Home Loan – Fees and Charges

Following are the fees and charges that you can expect as an SBI 10 lakh home loan borrower:

10 Lakh SBI Home Loan – Documents Required

The following are some or all of the documents you require as an SBI 10 lakh home loan applicant:

Proof of Identity: PAN Card, Passport, Voter ID or Driving License.

Proof of Address: Recent copy of Utility Bills, Passport, Driving License or Aadhaar Card.

Proof of Income: Salaried applicants must submit their salary slips for the last 3 months, bank statements for the last 6 months showing salary credits, and the latest form 16 or IT returns. Whereas self-employed applicants must submit their business address proof and licence details, balance sheet and profit and loss account for the last 3 years, TDS certificate, IT returns for the last 3 years, and bank statements for the last 6 months. 

Proof of Property: Allotment letter or buyer’s agreement, receipt of payment made to the developer, NOC from the builder or society, property tax receipts, approved plan, and builder’s registration certificate.

10 Lakh SBI Home Loan – Eligibility Criteria

Let’s take a look at the criteria for 10 lakh home loan eligibility SBI:

• You must be a resident of India or a Non-Resident Indian.
• You must be salaried or self-employed individuals.
• Your age must be between 18 to 70 years.
• Your minimum income must be Rs. 25,000 per month.
• You must have a good credit score and repayment history.
• You must have valid proof of identity, residence, income, and property.

Other SBI Home Loans with Different Budgets