SBI Pal-SBI Home Loan Products

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SBI Pal-SBI Home Loan Products

Pre-approved Home Loan

  • SBI provides clearance of home loan limit to customers before finalizing the property, which enables them to interact with the builder / vendor confidently.
  • Loan qualification will be assessed based on the income statement of the applicant.

    SBI Home Loan Products
    SBI Home Loan Products

Non-refundable processing charges applicable to home loans will be collected at the time of acceptance.

Validity Period

  • Pre-approved loan arrangement letter (PLAL) will be valid for a period of 4 months. The property papers will be required to be deposited by the borrower within the validity of PLAL. The processing fee will not be charged again.

Loan Amount

  • Pre-approved loan arrangement letter (PLAL) will take the eligible loan amount calculated based on existing interest rates.
  • Minimum loan amount: Rs. 10 lakhs

(Other terms and conditions are applicable for Regular Home Loan Scheme)

Other SBI Home Loan Products –

  1. SBI MaxGen – Home Loan as an Overweight
  2. NRI Home Loans – Non-Resident Indians (NRIs) and Home Loans (PIO) for Individuals of Indian Origin
  3. SBI Realty – Home loan for the purchase of a plot for the construction of a delling unit
  4. SBI Pal – Pre-approved Home Loan
  5. SBI Tribal Plus – Special Home Loan Scheme for Hilli / Triangular Sectors
  6. Village residence – Home loan in rural areas
  7. Co-operation housing – Home loans for aid groups in rural areas
  8. SBI Flexi Home Loan – Salary applicants with a minimum of 2 years of experience and SBI from the age group of 21 to 45 years will be eligible to take advantage of FlexiPay Home Loan.

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