15 Lakh SBI Home Loan

15 Lakh Home Loan from SBI is applicable for different purposes like buying a house, property investing and refinancing. Many people trust the State Bank of India highly as it is regarded as very reliable. Their home loan services are accessible and affordable. You can pay a 15 Lakh home loan from SBI in comfortable monthly payments. 

Another important element that affects the EMI amount is the loan tenure; longer periods mean lower EMI costs. EMIs are applicable for loan tenures of 10 years and 20 years.

15 Lakh Home Loan SBI – Highlights 

A 15 lakh home loan from SBI is available based on the above conditions. 

15 Lakh Home Loan EMI for 5 Years From SBI

15 Lakh Home Loan EMI for 10 Years From SBI 

If you have taken a home loan of ₹15 lakhs, with an interest rate of 8.45% per annum and for a tenure of 10 years, the equated monthly instalment (EMI) will be 

15 Lakh Home Loan EMI For 15 Years From SBI

15 Lakh Home Loan EMI For 20 Years From SBI

The interest rate and EMI applicable on a 15 lakh home loan from SBI for 20 years is tabulated below:

15 Lakh SBI Home Loan – Fees and Charges

The additional charges act as income for the bank. The below-given fees and charges are for a 15 lakh home loan from SBI. 

1. Processing Fee: a 15 Lakh home loan from SBI garners a processing fee of 0.35% plus GST.
2. GST: Applicants must pay 18% of GST on home loans as per the government guidelines.
3. Other Fees: Some additional charges like stamp duty and verification charges are also imposed on SBI home loans. 

Documents Required For 15 Lakh Home Loan From SBI

Below are the essential documents for a 15 Lakh Home Loan from SBI.

1. Loan Application Form: Application that you had filled out for the loan amount. 
2. KYC Documents: Identity Proof and Residence Proof
3. Property Documents: Letters of allotment, occupancy certificate, conveyance deed and other documents.
4. Income Proofs: Statements of the salary slips for the previous three months/balance sheet & profit and loss account for the three years.
5. Financial Details: Statements of all bank accounts belonging to the applicant during the last six months.

Eligibility Criteria For 5 Lakh SBI Home Loan

Although the eligibility criteria for home loans may differ from multiple lenders, certain criteria are similar. To avail of a 15 lakh home from SBI, applicants must fulfil the above:  

• Eligible applicants include individuals who are salaried or self-employed. 
• The minimum age requirement is 18 years, while the maximum age allowed is 70 years. 
• Applicants must be residents of India.