3 Crore SBI Home Loan

The SBI 3 crore home loan helps home buyers finance their property purchases. The loan amount can be used for multiple purposes - residential, investment and refinancing. One of the biggest advantages of this loan is the easy settlement offered by it. Borrowers can repay the loan in simple SBI housing loan EMI for 3 crore. 

EMIs depend on multiple factors, of which, loan tenure is one of the most important. The higher the loan tenure, the lower will be the monthly instalment. Let's explore the impact of changing loan tenure on SBI Home Loan 3 crore EMIs. Read ahead to find out the monthly EMIs on SBI’s home loan for 10 and 20 years. 

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Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

3 Crore Home Loan SBI – Highlights 

The SBI 3 crore home loan is available at the following terms to borrowers. 

Maximum Loan Amount ₹ 3,00,00,000
Rate of Interest (p.a.) Starting at 8.40% p.a.
Maximum Loan Tenure 30 Years

3 Crore SBI Home Loan EMI for 10 years

Take a look at the SBI home loan 3 crore EMI if the loan is borrowed for a period of 10 years.

Loan Amount 3 crore
Rate of Interest (p.a.) 8.40% 
Loan Tenure 10 Years
Monthly EMI ₹3,70,355

3 Crore SBI Home Loan EMI for 20 Years

Find out the SBI housing loan emi for 3 crore when the loan is borrowed for a period of 20 years.

Loan Amount 3 crore
Rate of Interest (p.a.) 8.40% 
Loan Tenure 20 Years
EMI ₹2,58,451

3 Crore SBI Home Loan – Fees and Charges 

A number of additional charges over the interest rate are also applicable on SBI 3 crore home loans. Some of the prominent charges are:

  • Processing Charge of 0.35% plus GST
  • 18% GST, as mandated by the government
  • Other charges like stamp duty, verification charges etc. 

Documents Required For 3 Crore SBI Home Loan 

A borrower should keep the following documents ready while applying for an SBI home loan 3 crore.

  1. Duly filled loan application 
  2. Identity Proof: Aadhar Card/ Driver’s License/ Voter ID etc.
  3. Residential Proof: Utility Bills/ Aadhar Card/ Other documents 
  4. Income and Financial Details: Bank Statements/ Salary slips/ Business returns/ Other proofs
  5. Property Proofs: Property Deed/ Sale Agreement/ Allotment Letters etc. 

Eligibility Criteria of 3 Crore SBI Home Loan

Borrowers satisfying the following criteria are eligible for an SBI 3 crore home loan.

  • Eligible Borrowers: Salaried and Self-employed Individuals 
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Residential Status: Indian resident