35 Lakh SBI Home Loan

No matter where you are financially. The SBI 35 lakh home loan might be the ideal solution for your homeownership aspiration. Whether you are a salaried employee or a self-employed individual, the bank has the option and resources to disburse the necessary funds. However, before initiating your application, there are certain things you should be aware of.

Right decisions are well-informed decisions. Thus, to help you make the right decision, Urban Money presents a detailed overview of SBI 35 lakh home loans. Hereunder, we will cover factors such as 35 lakh home loan EMI SBI, 35 lakh home loan eligibility SBI, SBI home loan interest rate for 35 lakhs, and more.

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Table of Content

1. 35 Lakh SBI Home Loan Highlights

2. 35 Lakh Home Loan EMI for 10 Years From SBI

3. 35 Lakh Home Loan EMI for 20 Years From SBI

4. 35 Lakh SBI Home Loan Fees and Charges

5. 35 Lakh SBI Home Loan Documents Required

6. 35 Lakh SBI Home Loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

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.

35 Lakh SBI Home Loan – Highlights

Let’s examine a list of key parameters of SBI 35 lakh home loan:

Interest Rates	8.40% – 9.05% p.a., depending on the loan amount, tenure, credit score, and other pertinent components.
Processing Fees	Rs 6,500 plus applicable service tax
Loan Amount	Up to 90% of the property value.
Loan Tenure	Maximum 30 years (or) up to the age of 70 years of the borrower, whichever is early.
Eligibility	Salaried or self-employed individuals, including NRIs, have a regular source of income.

35 Lakh Home Loan EMI for 10 Years From SBI

Following are the 10 lakh home loan EMI SBI for a 10-year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Payment
Rs 35,00,000	8.40% p.a.	10 years	Rs 43,208	Rs 16,84,963	Rs 51,84,963

35 Lakh Home Loan EMI for 20 Years From SBI

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

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Payment
Rs 35,00,000	8.40% p.a.	20 years	Rs 30,153	Rs 37,36,638	Rs 72,36,638

35 Lakh SBI Home Loan – Fees and Charges

Here are the fees and charges of an SBI 10 lakh home loan:

Fee/Charge	Amount
Processing Fee	Rs 6,500 + GST
Prepayment Charges	Nil (for both fixed and Floating rate of interest)
Late Payment Charges	Rs. 500 + GST
Cheque Bounce Charges	Rs. 225 + GST
Cheque Swap Charges	Rs. 225 + GST
Duplicate Statement Issuance Charges	Rs. 100 + GST.
Duplicate Amortisation Schedule Issuance Charges	Rs. 200 + GST.
Duplicate Interest Certificate Issuance Charges	Rs. 100 + GST.
Loan Conversion Charges/Switching Fee	0.50% of the outstanding loan amount + GST
Legal Fee	As per actuals
Valuation Fee	As per actuals

35 Lakh SBI Home Loan – Documents Required

Following are the required documents that you might submit along with your SBI 10 lakh home loan application.

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 to the developer, NOC from the builder or society, property tax receipts, approved plan, and builder’s registration certificate.

35 Lakh SBI Home Loan – Eligibility Criteria

Following are the criteria for 10 lakh home loan eligibility SBI:

Applicants must be a resident of India or a Non-Resident Indian.
Applicants must be salaried or self-employed individuals.
Applicants must be aged between 18 and 70.
Applicants must have a monthly income of Rs. 25,000 or more.
Applicants must have a good credit score and repayment history.
Applicants must have valid proof of identity, residence, income, and property.