SBI Mortgage Loan in Delhi
Delhi, the capital city of the country, is the home to the vast population. With the city seeing the rise in the population, with each passing day, the need of home has been always on the increase. With the city’s border always increasing and national capital region is increasing with each passing day, the buying of a home is also at rise. Those people, who have got their homes in the past can quite easily utilize those already bought home as a collateral for taking Mortgage Loans. The same goes for the people who are seeking the finance through the utilization of home for their important works. SBI Mortgage loan in Delhi is one of the most facilitated services for the people residing in Delhi, which is available at the lowest rate of interest.
Eligibility for SBI mortgage loan in Delhi
The State Bank of India Mortgage Loan in Delhi can be availed at the lowest rate. To avail Mortgage Loan, a person needs to fulfill some eligibility criteria. The minimum eligibility criteria along with the requirements are as follows :
• A person should be of a minimum of 18 years and maximum of 60 years in order to avail Mortgage Loan through State Bank of India
• The person should be an employee or self employed for the same
• A person can also be engaged in agricultural or allied activities to avail Mortgage Loan in Delhi
• The Net monthly income of salaried people should be more than Rs. 25000 or in case of self employed, the annual income should be more than Rs. 3 lacs
•In case of co-borrower or a guarantor, the income of the concerned person can also be added
Talking about the State Bank of India, the bank is the largest lender in the category of Mortgage loans and with the lowest rates, the bank is the most preferred in the city of Delhi and many others. The popularity of the bank can be judged from the fact that the bank holds around 25% and more in the category of Home loans.
The lowest rate of Interest of around 12.5% is among the lowest rate of interest for any bank in the capital city, Delhi. Even, the maximum tenure of 10 years allows the people to schedule the payment in small EMIs. For the capital city as on the roads of the other cities, the Bank has put no prepayment charge and kept it as nil.
The capital city features a huge network of the State Bank of India Branches and thus, a person can avail Mortgage Loans from such a large network of State Bank of India. With the minimal processing fees, the cost of the processing of Mortgage Loans is also lower. No hidden cost or administrative fees is one of the salient features of the bank. India’s largest Bank, State Bank of India is present everywhere and with the presence of the only Indian Bank under the list of 500 list of Forbes; the State Bank of India is an example of best services at the minimum service charge.