60 Lakh SBI Home Loan

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The SBI 60 Lakh Home Loan can be used for housing, investment and refinance purposes. The State Bank of India is among the most trusted banks in the country. Their home loan products are easily available and highly affordable. A home loan worth 60 Lakh from SBI can be easily settled using comfortable EMIs for 60 Lakh home loan from SBI. 

Loan tenure plays a crucial role in determining EMI amounts. As the loan tenure increases, the monthly installments decrease. Find the applicable EMIs when the loan is borrowed for a period of 10 or 20 years.

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Table of Content

1. SBI 60 Lakh Home Loan Highlights

2. 60 Lakh SBI Home Loan EMI For 10 years

3. 60 Lakh SBI Home Loan EMI For 20 years

4. 60 Lakh SBI home loan Fees and Charges

5. 60 Lakh SBI home loan Documents Required

6. 60 Lakh SBI home loan Eligibility Criteria

Read more
Written By
Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
Reviewed By
Amit Prakash Singh
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 60 Lakh Home Loan – Highlights 

Take a look at the highlighting features of an SBI home loan worth 60 lakh. 

Maximum Loan Amount ₹ 60,00,000
Maximum Loan Tenure 30 Years
Interest Rate Starting at 8.40% p.a. 

60 Lakh SBI Home Loan EMI For 10 years

The State Bank of India’s 60 Lakh home loan starts at an interest rate of 8.40% p.a. Take a look at the SBI 60 Lakh Home Loan EMI if the loan is borrowed for a period of 10 years.

Loan Amount 60 Lakh
Rate of Interest (p.a.) 8.40% 
Loan Tenure 10 Years
EMI ₹74,071

60 Lakh SBI Home Loan EMI For 20 years 

Here’s the SBI housing loan EMI for 60 lakhs with the loan tenure being increased to 20 years, keeping everything else the same.

Loan Amount 60 Lakh
Rate of Interest (p.a.) 8.40% 
Loan Tenure 20 Years
EMI ₹51,690

60 Lakh SBI home loan – Fees and Charges 

The following fees and charges are applicable on the loan.

  1. Processing Charges: A 0.35% processing charge plus GST applies to a home loan from SBI. 
  2. GST: Home loans are subject to 18% GST as per the government’s policies. 
  3. Other Charges: Fees like verification charges and stamp duty charges, among others, are also applicable on SBI home loans. 

60 Lakh SBI home loan – Documents Required 

Here are the documents needed while applying for SBI 60 Lakh Home Loan.

  1. Loan Application Form
  2. KYC Documents: Identity Proof and Residence Proof
  3. Property Documents: Allotment Letter/ Occupancy Certificate/ Conveyance Deed/ Other Documents
  4. Income Proofs: Salary Slips for the last 3 months/ Balance Sheet and P&L account for the last 3 years/ Other documents
  5. Financial Details: Last 6 months’ bank statements of all bank accounts held by the applicant

60 Lakh SBI home loan – Eligibility Criteria 

Take a look at the eligibility criteria for an SBI 60 Lakh Home Loan:

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