How to apply for SBI home loans: Step-by-step guide

SBI has reduced the home loan rate to 6.70% till March 31, 2021, here is how you can apply for an SBI home loan stepwise.

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State Bank Of India(SBI) home loan rates are linked to CIBIL score. SBI has reduced the home loan rate to 6.70% till March 31, 2021, giving wings to the dream of owning a house to people nationwide. SBI home loan rates start from 6.70% for loans up to Rs.75 lakhs and 6.75% for loans above Rs.75 lakhs. SBI has 210 processing centres spread across the country. Calculate the SBI home loan EMI by visiting https://homeloans.sbi/calculators. On the homepage, select the loan amount, loan tenure, and interest rate to calculate the monthly EMI for a home loan. You can apply for an SBI home loan both offline and online.

How to apply for SBI home loans:

Step 2: Now, fill eligibility form by mentioning personal and professional details including property category, income source, etc. Step 3: Then, fill in the correct captcha, tick the box, and click on the ‘Get Loan Quote’ option Step 4: Then, you will receive a loan offer by SBI over the phone or email you have provided them. Step 5: After accepting the loan offer, complete the application for an SBI home loan. Step 6: Get instant approval for your SBI home loan. To apply for the SBI home loan offline click for the SBI home loan application form here. You can check the terms and conditions for the SBI home loan application by clicking on this link. ALSO READ: Government and Private hospitals to be part of Covid-19 Vaccination Centers, check list here ALSO READ: How to change mobile number in SBI via Internet Banking: Step-by-step guide