Published on 07/24/2016 11:02 am
Home loan eligibility calculator SBI for NRI Customer Care
SBI NRI HOME LOAN FEATURES AND BENEFITS You can have the following benefits from the home loan you apply- • No administrative fees • Eligibility for higher loans if coupled with spouse’s income • Provision to reduce EMI, when interest rates get reduced by 1% • Problem free centralized processing with minimum turnaround • Complete transparency without any hidden costs • Concessions on charges for personal remittances and outstation cheques • No prepayment penalty if loan is closed after half the original tenor • Complimentary international ATM cum debit card, international credit card • Complimentary E banking facility is provided • Options for live cover from SBI life with concessions on premium • Concessions on charges for personal remittances and outstation charges • Free personal accidental insurance coverage ELIGIBILITY FOR TAKING HOME LOANS FROM SBI FOR NRI There are a few criteria that should be met to be eligible to take home loans. The criteria that makes you eligible for taking home loans with SBI Customer Care Number ( are- • The age of loan seeker should be minimum 18 years • He/she should have a valid Indian Passport if NRI or a valid foreign passport for people of Indian origins • They should have a steady source of income i.e. a continuous income with no fluctuations • They have been working abroad for the last 2 years i.e. being employed abroad for 2 years • They should have a valid job contract or work permit to work in the country • The minimum net monthly income should be about US $500 or minimum net annual income must be about US$6000 DOCUMEMTS REQUIRED FOR THE LOAN If you are eligible for the loan, then you should submit some documents in order to avail the loan. Thus for getting the loan you will be requiring the following documents- • Completed application form of loan • 2 passport sized photographs • Any proof for your identity –this can include copy of first four pages of passport and page with visa stamp • Copy of your valid work permit at abroad • Copy of your employment contract • Last salary slip in original or certificate • Copy of the salary certificate attested by Indian Embassy/ SBI Branch/ Exchange Companies • Details of the previous employment • Bank account statement for the last six months • Passbook copy of your overseas bank showing the salary and saving you have made • Copy of the approved building plans • Original NOC under the provisions of ULC Act • Copy of the allotment letter of housing board/ builder/ co-op society • Any other documents that the bank may require, you will be informed Other than these you should make sure to note these things- • Processing fees has to be paid by the customer only if the loan is sanctioned • Actual charges will be payable by the customer in addition to the processing fees • Repayment can be un EMIs • Repayment period is as follows- o Up to 35 years: 25 years o Above 35 and below 45years: 20 years o 45 years and above: 15 years
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Home loan eligibility calculator SBI Customer Care Number