SBI Home Loan Apply Online From YONO

In a festive season deal, the State Bank of India (SBI), cut home loan interest rates to 6.7 percent to help consumers looking for cheap loans.

SBI offering zero processing home loan with lower interest rate. The largest bank giving credit score linked home loan. If you have a good credit history, you will get a low-interest home loan offer.

SBI Home Loan Quick Recap

Interest rate6.7% per annum
Loan AmountUp to 50 lakh  
Loan Tenure3 years to 30 years
Processing FeesNIL
Eligible ForSalaried Person / Self Employed

SBI Home Loan Benefits

Low-Interest Rate: SBI offering lower interest home loans 6.7% per annum compared to other banks.

No Processing Fees: Don’t need to pay the processing charge. During this festival season, SBI giving zero processing charge home loans.

Flexible Tenure: SBI home loan repayment tenure is 3 years to 30 years. You can choose flexible repayment tenure on this loan.

No Hidden Charges:  This home loan comes with zero hidden charges. SBI offering zero hidden charge home loan features.

SBI Home Loan Interest Rate & Charges

Interest rate6.7% per annum
Processing feeNIL
Minimum Loan Tenure3 years
Maximum Loan Tenure30 years
Also Read: LIC HFL Home loan offer 

SBI Home Loan Eligibility

  • Good Credit History
  • Submit proper income proof
  • Provide land & other documents

Documents Required for SBI Home Loan

  • Pan Card
  • Aadhaar Card
  • Voter Card
  • 3-month Salary Slip for Salaried person
  • 6 months bank statement
  • 2 years Income Tax file for Self-employed
  • Land documents
Also Read: Truecaller Loan up to 5 lakh

How to Apply for Home Loan from YONO SBI

Step 1 log in to YONO SBI account through User id & password.

Step 2 Click on 3 lines through the YONO app home page.

Step 3 After that click on the loan tab.

Step 4 Now click on Home Loan.

Step 5 Check your eligibility by giving your date of birth.

Step 6 Provides a source of income & enters monthly net income.

Step 7 If you have other loans, enter details.

Step 8 Check your loan eligible amount & click on process.

Step 9 Fill in the other basic details.

After submitting all the details, the SBI executive calls you for further information.

Also Read: Hero Fincorp Personal loan upto 5 lakh

FAQs of SBI Home Loan

Can I apply with low credit history?

No, you will not eligible for an SBI home loan. SBI mention that home loan will be available credit score linked customer. Its means you will need healthy credit history for this loan.

Can I apply for an SBI home loan with 15,000 monthly income?

SBI is not said about monthly income eligibility to get this loan. You can contact your nearest SBI branch for more details.

What is the interest rate offered on home loans by SBI?

SBI offering a 6.7% interest rate per annum on a home loan during this festival season. Also, zero processing charges offering by this largest bank.

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