20 Lakh SBI Home Loan

The State Bank of India (SBI), with its legacy of trust and reliability, offers a beacon of hope to aspiring homeowners through its 20 lakh home loan. With competitive interest rates, transparent processing, and customer-centric policies, SBI's home loan is a testament to the bank's commitment to making housing affordable for a diverse spectrum of Indian society. As we delve deeper, let's unravel the facets of the SBI 20 lakh home loan EMI.

20 Lakh Home Loan EMI SBI – Highlights

Here is a basic snapshot of the highlights of 20 lakh home loan SBI. 

20 Lakh Home Loan EMI for 10 years From SBI

Starting at an interest rate of 8.40%, the 20 lakh home loan is a good amount that could help you buy property at a feasible price point.

What will be the EMI on 20 Lakh Home Loan for 20 years from SBI?

Getting a home loan for 20 lakh amount can prove to be a significant investment of your lifetime. 

20 Lakh SBI Home Loan – Fees & Charges

Here is a glimpse of the applicable fees for SBI Home Loan. 

Home Loan Regular: As a processing fee, you will need to pay 0.35% of the total loan amount plus GST. 

Home Top-Up Loan: A total of 0.35% of the loan amount plus applicable GST, (minimum amount 2000/-) (maximum amount 10,000/-) plus GST. 

SMART Home Top-up Loan: 2000+GST

Insta Home Top-Up Loan: 2000+GST 

YONO Insta Home Top-Up Loan (Digital Product): 2000+GST 

20 Lakh SBI Home Loan EMI – Documents Required

The following documents are required for a 20 lakh SBI home loan. 

• Loan application form 
• Proof of Identity along with proof of residence 
• Papers of your property 
• Construction permission (where applicable)
• Approved copy of the plan (Xerox Blueprint)
• Bank Account Statements of the last 6 months for all Bank Accounts that are held by the applicant/s
• If there is any previous loan from other Banks/Lenders, then the Loan A/C statement for the last year will be required 
• Income proof of the salaried applicant/ co-applicant/ or guarantor
• Business address proof
• Last 3 years of IT returns 
• Last 3 years balance sheet and profit and loss A/C 
• Business licence details (or equivalent)
• TDS Certificate (Form 16A, if applicable)
• Certificate of qualification (for C.A./ Doctor and other professionals)

20 Lakh EMI SBI Home Loan – Eligibility Criteria

Here are the eligibility criteria for a 20 lakh SBI home loan. 

• The applicant must be Indian residents 
• He or she should be at least 18 years of age and a maximum of 70 years of age 
• The applicant must be salaried or a self-employed individual