SBT Home Loan Interest Rates

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Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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You may get a feel of missing something precious when your landlord asks for the rent every month. The regular payout of rent each month, coupled with the uncertainty over the sustenance of your stay in the same house add to your misery. And if you are married and have kids, then you could be in for a torrid parenthood as you have to change their schools from time to time due to the change of location. So, the solution for all these hassles is there in a self-occupied home, which you can purchase by either paying the whole price or buy it on loan. Since a home loan is a productive debt by fetching you more than you pay in EMIs over a period of time, you can opt for the same to be free from the hassles of a monthly rent.

Now when you have understood the importance of home ownership on loan, make sure you choose the right lender for years of happiness ahead. State Bank of Travancore (SBT), an associate bank of State Bank of India (SBI), operates its home loan business from over 1,100 branches across India. You can take a home loan for the following purposes-

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Purchase/construction/repair or renovation of home
Purchase of plot for the construction of house

Want to catch more of the bank’s home loan offering? Check out the details below.

SBT Home Loan Interest Rate Details

ParticularsDescription
Interest Rate9.20%-10.45% p.a.
Maximum Loan Amount₹5 Crore
Tenure30 Years
MarginNIL
Processing Fee0.50% of the loan amount+ Service Tax
Maximum- ₹10,000
SecurityProperty mortgage by submission of title deeds

SBT Home Loan Eligibility Calculator

Well, SBH Home loan eligibility calculator is nothing but a tool to know how much lending support you can get from the bank. The calculator performs the operation by taking into consideration your income and savings. However, before calculating the loan amount, the calculator computes per lac EMI. You can check below the calculation of per lac EMI.

Amount- ₹1,00,000
Interest Rate-9.20%-10.95% p.a.
Tenure-30 Years
Per Lac EMI-₹819-949

Now, SBT will assess your net monthly income and savings, which if assumingly are ₹60,000 and ₹30,000, respectively, to calculate the expected loan amount. Formula for loan amount is shown below.

Loan Amount Eligibility- ₹1,00,000 x savings/Per Lac EMI
– ₹1,00,000 x 30,000/819 = ₹36.63 lacs
– ₹1,00,000 x 30,000/949 = ₹31.60 lacs

Thus, you can expect to bag away a loan amount of ₹31 lakhs to ₹36 lakhs from SBT.

SBT Home Loan EMI Calculator

Being aware of the EMI amount will put you in a good stead while you start repaying the home loan. How to know the EMI amount, is the question you would ask now. The calculator will tell you the amount you need to be ready with the EMI to pay each month. The loan amount, interest rate and tenure are key variables to decide the EMI amount. Suppose you take a home loan of ₹20,00,000 for a tenure of 15 years. The EMI on the same will come out be ₹20,524 at the existing interest rate of 9.20% p.a. While interest and total outflow stand at ₹16,94,315 and ₹36,94,315, respectively. Glance below the EMI table to get a sight of the payouts in different tenures of the said loan amount.

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Table Showing EMI, Interest and Total Outflow on a Loan of 20,00,000 for Different Tenures Up to 15 Years

Loan Amount (In ₹)Tenure (In Years)Interest Rate (In p.a.)EMI (In ₹)Interest (In ₹)Total Outflow (In ₹)
200000019.20%1,75,0881,01,06221,01,062
200000029.20%91,5531,97,27521,97,275
200000039.20%63,7862,96,28922,96,289
200000049.20%49,9603,98,09123,98,091
200000059.20%41,7115,02,66725,02,667
200000069.20%36,2506,09,99426,09,994
200000079.20%32,3827,20,04827,20,048
200000089.20%29,5088,32,80028,32,800
200000099.20%27,2989,48,21529,48,215
2000000109.20%25,55210,66,25730,66,257
2000000119.20%24,14311,86,88431,86,884
2000000129.20%22,98613,10,05333,10,053
2000000139.20%22,02414,35,71534,35,715
2000000149.20%21,21315,63,82035,63,820
2000000159.20%20,52416,94,31536,94,315

Amortization Table

YearPrincipal (In ₹)Interest Outgo (In ₹)Balance (In ₹)
164,985181,3031,935,015
271,219175,0691,863,796
378,056168,2321,785,740
485,549160,7391,700,191
593,759152,5291,606,432
6102,757143,5311,503,675
7112,621133,6671,391,054
8123,430122,8581,267,624
9135,276111,0121,132,348
10148,26198,027984,087
11162,49083,798821,597
12178,08568,203643,512
13195,17951,109448,333
14213,91332,375234,420
15234,57611,844

SBT Housing Loan Documents Required

ProofsSalaried ProfessionalsSelf-employed
Identity ProofVoter ID/Pan Card/Driving License/PassportVoter ID/Pan Card/Driving License/Passport
Address ProofVoter ID/Passport/Electricity Bill/Telephone, Property Tax ReceiptVoter ID/Passport/Electricity Bill/Telephone, Property Tax Receipt
Business Address ProofN.A.Registration of Service Tax/VAT/Sales Tax & Electricity or Telephone Bill
Income ProofLatest Salary Slips, 6-month Bank StatementITR, Profit & Loss Account and Balance Sheet for Last 2-3 Years, 6-month Bank Statement
Assets & Liabilities StatementApplicableApplicable
Duly Signed Loan Application FormApplicableApplicable
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In addition to the documents mentioned above, you have to submit the following property documents at the time of application.

  • Copy of existing owner’s title deeds
  • Copy of agreement for sale
  • Land tax receipt copy
  • Building tax receipt copy
  • Encumbrance certificate from Sub-Registrar for last 31 years
  • Bank-approved valuator prepared valuation report of the property and building
  • Title clearance certificate the advocate approved by the banks

(Updated on 6th Jan 2017)