SBI Yuva Home Loan Scheme

I opened an account in the State Bank of India and want to take SBI Yuva Home Loan Scheme details. Can you please tell Eligibility Criteria for SBI Yuva Home Loan along with the interest rates also provide me list of all the Features and Benefits of this SBI Yuva Home Loan?

[shikha]

State Bank of India is an Indian multinational, public sector banking and financial services company.

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

About SBI Yuva Home Loan Scheme:

Eligibility Criteria for SBI Yuva Home Loan:

The applicant should be between the age group of 21 to 45 years.
Minimum monthly net income from all sources (except rental income from the proposed property) should be at least Rs.30,000.

The applicant should be a salaried employee working in MNCs, Private sector companies, PSUs, Government undertakings etc.

Interest Rate:

The SBI Yuva home loan interest rates are as follows:

Category of Borrower Rate of Interest

Women 9.40% per annum
Any other applicant 9.45% per annum

Features and Benefits of the SBI Yuva Home Loan:

This scheme comes with low processing charges and no hidden costs or administrative charges. Breakup of applicable fees and charges are communicated upfront.
No prepayment penalty is levied under the SBI Yuva Home Loan scheme that helps in allocating surplus funds towards prepayment of loan when available.
The premium for home loan insurance cover (optional) can be added to the loan amount upon request.
The loan repayment tenure can stretch up to 30 years or up to the age of 70 years, whichever is earlier.

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431