85 Lakh SBI Home Loan

The State Bank of India (SBI) stands tall as a reliable partner with its tailored home loan offerings. Specifically designed for those aspiring for a property worth 85 lakh, SBI's Home Loan seamlessly blends affordability with flexibility. With competitive interest rates and extended repayment periods, this home loan caters to the diverse needs of prospective homeowners. The application process is streamlined, ensuring a hassle-free experience for borrowers.

Beyond the financial support, SBI's Home Loan for 85 lakh comes with a myriad of features, including transparent terms, easy EMI options, and the potential for tax benefits. This comprehensive package not only empowers aspiring homeowners but also reflects SBI's commitment to fostering a nation of homeowners. Today, we will discuss everything you need to know about the SBI 85 lakh home loan. 

SBI 85 Lakh Home Loan – Highlights

Here is the basic rundown for an 85 lakh home loan by SBI. 

85 Lakh SBI Home Loan EMI for 10 years

Here is a basic rundown for 85 lakh home loan EMI for 10 years. 

85 Lakh SBI Home Loan EMI for 20 years

Here is a quick snapshot of 85 lakh home loan EMI for 20 years. 

85 Lakh SBI Home Loan – Fees and Charges

Take a look at the fees and charges required for 85 lakh SBI home loan. 

85 Lakh SBI Home Loan – Documents Required

Here are the required documents for a SBI 75 lakh home loan:

• Proof of Identity: PAN card, passport, voter ID, or driving licence.
• Proof of Address: An individual will need to submit the latest copy of utility bills like electricity and water bills, a passport, a driver’s licence, or Aadhaar card.
• Proof of Income: For salaried individuals: Last 3 months, bank statements for the last 6 months showing salary credits, and the latest Form 16 or IT returns.
• For Self-employed: business address proof and licence details; a balance sheet and profit and loss account for the last 3 years; a 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.

SBI 85 Lakh Home Loan Eligibility Criteria

Following are the criteria for 85 lakh home loan eligibility SBI:

• The individual must be between 18 to 70 years of age.
• He or she must be working with a regular source of income. 
• He or she must have a good credit score and a good repayment history.
• You must be a resident of India or a Non-Resident Indian.