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SBOP Home Loan, Interest Rate and EMI Calculator December 2017

(Updated on 08.12.17) State Bank of Patiala Home Loan and EMI Calculator December 2017Get Instant Quick & Easy Approval on State Bank of Patiala Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

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State Bank Of Patiala Home Loan

State Bank of Patiala provides Home Loan with its compelling home loan features to the borrowers for purchasing flats, villas, or ready built houses. State Bank of Patiala Home Loan can be availed at the most competitive home loan rates with nil repayment charges, simplified documentation, less processing fees and lots more. Check your home loan eligibility today by using State Bank of Patiala Home Loan Eligibility Calculator and get the best deals along with instant loan disbursal.

State Bank Of Patiala Home Loan Interest Rate

Interest Rate 9.60% (Floating)
Processing fee range 0.35% of the Loan amount plus applicable Service tax
Loan Amount No limit
Tenure 30 years

State Bank Of Patiala Home Loan EMI Calculator

State Bank Of Patiala Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

State Bank Of Patiala Home Loan Features

* To purchase or construct a new/old house/flat.
* To repair/renovate/extend/alter an existing house.
* To purchase ready built flat/house/apartment from cooperative Group housing societies/State Govt. Housing Board/other Govt. agencies/ private builders of repute.
* To furnish/purchasing consumer durables for a new house under Total Home Loan Scheme.
Eligibility Criteria: Normally individuals over 21 years of age with a steady source of income will be eligible to avail loan under the scheme.
The loan should be repaid up to the age of 70 years.
Loan Amount: No limit, subject to:-

Net Annual Income (NAI) EMI/NMI Ratio
Up to Rs. 2 lacs 40.00%
Rs. 2 lacs to Rs. 5 lacs 50.00%
Above Rs. 5 lacs 55.00%

For repair/renovation etc.
90% of the project cost i.e. estimated cost of repairs, renovation or alteration with a ceiling of Rs.10.00 lacs.

Loan to Value Ratio Up to Rs. 20 lacs :- 90%
Above Rs. 20 lacs to Rs. 75 lac :- 80%
Above Rs. 75 lac: 75%
Repayment: 25 years under floating interest rate option
10 years under fixed interest rate option
Interest Rate (Per Annum) (Base Rate = 10.25% p.a.)

Loan Amount Linkage with Base Rate over the tenor of the loan Present Effective Rate w.e.f. 01.10.2016
Upto Rs.30.00 lacs 10.25% p.a. 10.25% p.a.
Above Rs. 30.00 lacs and upto Rs. 75.00 lacs 10.25% p.a. 10.50% p.a.
Above Rs.75.00 Lacs 0.25% Above 10.25% p.a. 10.50% p.a.
INTEREST RATES UNDER FIXED OPTION 
12.75% p.a* but repayment permitted up to 10 years only.
*with 2 year reset clause.
Processing fees For Loan upto Rs. 25 lac: 0.25% of loan amt. Min. Rs.1000/-For Loan above Rs. 25 lac and upto Rs. 75 lacs: Rs. 6500/- For Loan Above Rs. 75 lacs: Rs. 10000/-
Pre-Payment/preclosure penalty No pre-payment / pre-closure penalty for all Home Loans
Loan available At all branches of State Bank of Patiala

State Bank of Patiala Home Loan Documents Required

  • List of papers / documents applicable to all applicants: 
  • Completed loan application 
  • 3 passport size photographs (including those affixed in loan application) 
  • Proof of identification: Electoral ID Card / Passport / Driving License / PAN card. 
  • Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill. 
  • Proof business address, in case of non- salaried borrowers 
  • Statement of bank account for the last six months 
  • Signature identification from present bankers 
  • Personal Assets and Liabilities Statements in Bank’s standard format. 
  • Brief write up of securities charged in respect of other loans availed from our Bank/other 
  • Banks/ Housing & Auto Finance Companies /other sources. 

For NRI/PIO borrowers

  1. Completed loan application 
  2. Passport size photographs (including those affixed in loan application) 
  3. Copy of passport including page containing visa stamping 
  4. Copy of valid work permit. 
  5. Copy of employment contract ( and English translation duly attested by employer / 
  6. consulate / embassy /our foreign office if it is in any other language ) 
  7. Latest salary certificate in original or proof of income in case of self employed / 
  8. professionals. 
  9. Copy of identity card issued by the employer. 
  10. Proof of residence (driving license / utility bills etc.) 
  11. Copy of continuous Discharge Certificate in respect of applicants employed in merchant 
  12. navy. 
  13. Brief write up on employment profile for the last 10 years. 
  14. Brief write up on the company / institution where employed i.e. its constitution, activity. 
  15. Employee base sale / net profit (approx) etc. 
  16. Statement of overseas bank account for the last six months which reflect credit of salary, 
  17. savings etc. 
  18. Power of Attorney, if applicable, duly stamped and notarized / attested by Indian 
  19. Embassy / Consulate.