90 Lakh SBI Home Loan

Home Loan By Scheme
Home Loan By Property
Home Loan By Amount
Home Loan By Profession
Home Loan By Other

Buying a house is expensive, so financing a substantial amount such as 90 lakh is vital. You also want to be certain you have a trustworthy financial partner at your side. Look no further than the State Bank of India (SBI). The SBI ₹90 lakh home loan is an appealing financing option as it comes with a lower interest rate, flexible repayment, moderate eligibility criteria, and minimal documentation.

Moreover, the application process for SBI home loans has become completely digital now. You can complete the loan application within 10 to 15 minutes, eliminating the need to visit the bank branches. Let’s scroll down and read about the SBI home loan interest rate of ₹50 lakhs, its eligibility criteria, document requirements, and more.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. 90 Lakh Home Loan SBI Highlights

2. SBI 90 Lakh Home Loan EMI for 10 years

3. SBI 90 Lakh Home Loan EMI for 20 years

4. 90 Lakh SBI Home Loan Fees and Charges

5. 90 Lakh SBI Home Loan Documents Required

6. 90 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

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.

90 Lakh Home Loan SBI – Highlights

The following are the key parameters of the SBI 90 lakh home loan:

Interest Rates	8.40% onwards
Processing Fees	0.25% of the loan amount
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, with a regular source of income.

SBI 90 Lakh Home Loan EMI for 10 years

Here is the data regarding the ₹90 lakh home loan EMI in SBI for a 10-year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Payment
Rs 90,00,000	8.40% p.a.	10 years	Rs 1,11,106	Rs 43,32,762	Rs 1,33,32,762

SBI 90 Lakh Home Loan EMI for 20 years

Here is the data regarding the ₹90 lakh home loan EMI for 20 years SBI:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Payment
Rs 90,00,000	8.40% p.a.	20 years	Rs 77,535	Rs 96,08,497	Rs 1,86,08,497

90 Lakh SBI Home Loan – Fees and Charges

Here are the fees and charges that you can expect as an SBI ₹90 lakh home loan borrower:

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 + Applicable taxes
Cheque Bounce Charges	Rs. 225 + Applicable taxes
Cheque Swap Charges	Rs. 225 + Applicable taxes
Duplicate Statement Issuance Charges	Rs. 100 + Applicable taxes
Duplicate Amortisation Schedule Issuance Charges	Rs. 200 + Applicable taxes
Duplicate Interest Certificate Issuance Charges	Rs. 100 + Applicable taxes
Loan Conversion Charges/Switching Fee	0.50% of the outstanding loan amount + GST
Legal Fee	At actuals
Valuation Fee	At actuals

90 Lakh SBI Home Loan – Documents Required

Following are the required documents for a SBI 90 lakh home loan:

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

90 Lakh SBI Home Loan – Eligibility Criteria

Here are the criteria for ₹90 lakh home loan eligibility SBI:

Your age must be between 18 to 70 years.
You must be salaried or self-employed individuals.
You must have a regular source of income to cover the repayment.
You must have a good credit score and repayment history.
You must be a resident of India or a Non-Resident Indian.