5 Crore SBI Home Loan

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SBI Home Loan stands as a beacon of financial empowerment. SBI offers a comprehensive suite of home financing solutions tailored to the diverse needs of its customers. As the largest and most trusted bank in India, SBI brings to the table a legacy of reliability and customer-centricity.

Whether you're a first-time homebuyer or seeking to upgrade your living space, a 5 crore SBI's home loan is a good fit. What makes SBI stand apart from its competitors is its competitive interest rates, flexible repayment options, and transparent processes. Today, we will learn about the 5 crore SBI home loan, from documentation to eligibility criteria.

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Table of Content

1. SBI 5 Crore Home Loan Highlights

2. SBI 5 Crore Home Loan EMI for 10 Years

3. 5 Crore SBI Home Loan EMI for 20 years

4. SBI 5 Crore Home Loan Fees and Charges

5. 5 Crore SBI Home Loan Documents Required

6. 5 Crore 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

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

SBI 5 Crore Home Loan – Highlights

Here is a basic rundown of the highlights of the 5 Crore home loan SBI.

SBI Home Loan Interest Rates for 5 Crore	8.40% onwards
Processing Fees	0.25% of the loan amount
SBI Home Loan Amount	Up to 90% of the property value.
SBI Home Loan Tenure	Maximum 30 years (or) up to the age of 70 years of the borrower, whichever is early.
SBI Home Loan Eligibility	Salaried or self-employed individuals, including NRIs, with a regular source of income.

SBI 5 Crore Home Loan EMI for 10 Years

Take a look at the SBI 5 Crore home loan EMI for 10 years.

Loan Amount	Interest Rate	Loan Tenure	EMI
Rs. 5,00,00,000	8.40% p.a.	10 years	INR 6,17,258

5 Crore SBI Home Loan EMI for 20 years

Take a look at the 5 Crore home loan EMI for 20 years.

Loan Amount	Interest Rate	Loan Tenure	EMI
Rs. 5,00,00,000	8.40% p.a.	20 years	INR 4,30,752

SBI 5 Crore Home Loan – Fees and Charges

Here is a quick snapshot of 5 crore SBI home loan in regards to fees and charges.

Fee/Charge	Amount
Processing Fee	Up to 0.25% of the loan amount, plus applicable taxes.
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

5 Crore SBI Home Loan – Documents Required

Take a look at the documentation required for a SBI home loan.

For Proof of Identity: PAN card, passport, voter ID, or driving licence.
As Address Proof: The applicant will need to submit the latest copy of utility bills like electricity and water bills, a passport, a driver’s licence, or Aadhaar card.
For Income Proof: Salaried individuals will need to submit the last 3 months, bank statements for the last 6 months showing salary credits, and the latest Form 16 or IT returns. Self-employed people will need to submit 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: For proof of property, an individual may need to submit an allotment letter or buyer’s agreement, receipt of payment made to the developer, NOC from the builder or society, property tax receipts, approved plan, and builder’s registration certificate.

5 Crore SBI Home Loan Eligibility Criteria

Here is a quick snapshot of the 5 crore home loan eligibility criteria for the SBI home loan.

The person should fall within the age range of 18 to 70 years.
They should be employed with a consistent source of income.
The applicant must possess a favourable credit score and have a positive repayment history.
Additionally, eligibility extends to residents of India or Non-Resident Indians.

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Frequently Asked Question (FAQs)

What is the EMI for a 5 crore home loan for 20 years in SBI?

The EMI for a 5 crore SBI home loan at an interest rate of 8.40% would be INR 4,30,752.

Who is eligible for a 5 crore home loan in SBI?

Any individual who has a regular source of income and meets the SBI’s eligibility criteria can apply for the loan.

What is the monthly interest rate of a 5 crore home loan in SBI?

The monthly interest rate for SBI home loan starts from 8.40%