If you are planning to buy a house that was a long cherished dream for you then you must plan accordingly. Owning a house is a matter of great honour, joy and pride and choosing the correct home loan can definitely be a daunting task. A good home loan can pave a smooth road between you and your dream house.
Atleast 25 years
Less than 65 Years
Salaried / Self-employed with regular income
$50,000 per annum for foreigners
Minimum income required S$30,000
Minimum Loan Amount - S$250,000 for nationals and S$500,000 for foreigners
EMIs of other loans lower your eligibility
Make your spouse a co-applicant, and her income will add to your eligibility
Choose longer tenure loan up to 5 years
Alternatively add your parents
|Min Loan Amount||S$250,000|
|Max Loan Amount||80% of property value|
|Max Loan Tenure||5 years|
|Interest Rates||Revised from time to time|
|Monthly EMI||Capped at 30% of the gross monthly income|
State Bank of India is one of the leading banks which provides innovative and customisable solutions with its financial products. The home loan from SBI is created to cater to the changing needs of the customers. If you are planning to buy a property or a house SBI ensures that you find the best mortgage plan. After the assessment of all your financial requirements, SBI will direct you towards the loan scheme which is most appropriate for you.
No processing fee is required when you apply for a home loan from State Bank of India. However, cancellation fees, fees for redemption and prepayment charges might be applicable depending upon the particular package.