45 Lakh SBI Home Loan

Today, a home loan stands as a beacon of hope for countless individuals who dream of owning a home. Among the myriad options available, the State Bank of India (SBI) Home Loan emerges as a distinguished choice for its customers, offering a blend of reliability, attractive interest rates, and customer-friendly features. In this comprehensive content guide, we will discuss everything important about SBI Home Loan.

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Table of Content

1. SBI Bank 45 Lakh Home Loan Highlights

2. SBI Bank 45 Lakh Home Loan EMI for 10 years

3. 45 Lakh SBI Home Loan EMI for 20 Years

4. 45 Lakh SBI Home Loan Fees & Charges

5. SBI 45 Lakh Home Loan Documents

6. 45 Lakh SBI Home Loan Eligibility

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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.

SBI Bank 45 Lakh Home Loan – Highlights

Following are the highlights of 45 lakh home loan, SBI.

Maximum Loan Amount	45 lakh
Rate of Interest (p.a.)	Starting at 8.40% p.a.
Loan Tenure	30 Years

SBI Bank 45 Lakh Home Loan EMI for 10 years

Here is a quick snapshot of the 45 lakh home loan EMI to be paid for 10 years.

Loan Amount	45 Lakh
Rate of Interest (p.a.)	8.40%
Loan Tenure	10 Years
EMI	₹55,553

45 Lakh SBI Home Loan EMI for 20 Years

Here is a quick snapshot of the EMI needed to pay for a 45 lakh SBI home loan.

Loan Amount	45 Lakh
Rate of Interest (p.a.)	8.40%
Loan Tenure	20 Years
EMI	₹38,768

45 Lakh SBI Home Loan – Fees & Charges

The following fees and charges apply for a 45 lakh home loan, SBI.

Processing Fee: 0.35% + GST is charged on home loans.
GST: 18% GST is applicable on home loan applications amounting to INR 45 lakh.
Other Fees: There are multiple other charges involved like verification charges, stamp duty charges, etc.

SBI 45 Lakh Home Loan Documents

The following documents are required for a 45 lakh SBI home loan.

Loan Application Form
Identity Proofs and Proofs of Residence for KYC documentation
Salary slips for salaried employees, along with balance sheet and P&L account for self-employed
Bank statements required for last 6 months
Sale Agreement/ Allotment Letter/ Other important documents as property documents

45 Lakh SBI Home Loan Eligibility

Here is the eligibility criteria you will need while applying for a 45 lakh SBI home loan.

One must be salaried or self-employed
The applicant must be at least 18 years of age
The applicant must be 70 years of age
The applicant must be an Indian resident

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Bank Wise Home Loan Eligibility Calculator

Frequently Asked Question (FAQs)

What is the EMI for a 45 lakh home loan for 20 years at SBI Bank?

The EMI for a 45 lakh home loan for 20 years at SBI Bank will be ₹38,768.

Who is eligible for a 45 lakh home loan in SBI Bank?

Anyone who is earning a stable income via a job or a business and is an Indian citizen can apply for a 45 lakh home loan in SBI.

What is the monthly interest rate of a 45 lakh home loan at SBI Bank?

The monthly interest rate for a 45 lakh home loan at SBI Bank is 8.40%.