Get a home loan of above Rs. 1 crore from State Bank of Bikaner & Jaipur

Last Updated : April 21, 2016, 6:39 a.m.

Have you finalised your home and now want to borrow a home loan to make the payment? Do you know what will be the rate of interest on your home loan? Are you going to avail the loan for 10 year or for 20 years? What is your loan  amount eligibility? All these questions and much more boggled your mind when you want to apply for a home loan. A home loan is nothing, but a financial tool to make your dream of owing a home comes true. You should borrow a home loan from a bank that is ready to give you the most competitive rate of interest with a customised deal. Before applying for a home loan, check your eligibility first. Do some research work at your end and get information about different banks to select the most suitable one for you.

State Bank of Bikaner & Jaipur (SBBJ) offers you a home loan to suit your financial needs. The bank offers a maximum home loan of above Rs. 1 crore. You can take a home loan from SBBJ according to your needs & eligibility. The rate of interest and your maximum amount depends upon your repayment age and capacity along with your eligibility for the loan amount.The rate of interest charged by the bank varies from amount to amount and from floating rate to fixed rate loan. You can choose from floating or fixed rate of interest, whichever suits you most. The bank has different eligibility criteria for salaried and non-salaried customers. Here are some important features of State Bank of Bikaner & Jaipur home loan to help you to understand it better.

Features & advantages of home loan

• You can take a home loan to purchase a plot
• Home loan is available for house/flat construction
• You can borrow the loan to construction, extension of your home
• Renovation/refurbishing can be done by borrowing a home loan as per your eligibility
• Bank offers competitive rate of interest
• Fastest approval and quick disbursal of loan
• Higher eligibility for businessmen

Maximum Loan Tenure

SBBJ offers you loan for upto maximum 30 years. The repayment should be done on or before you attain the age of 70 years. There is no pre-closure and pre-payment penalties imposed on home loan. Therefore, you can pre-close your loan whenever you have enough funds irrespective of the actual tenure for which you have borrowed the loan.

Punjab & Sind Bank Home Loan Interest Rates

Processing Fee for home loan

Factors affecting home loan amount eligibility

How much loan you can get from the bank to buy your dream home? How much savings you must have? All these questions come to your mind while buying a home. SBBJ will lend you the loan amount based on the factors mentioned below.

• Monthly Income
• Savings
• Age
• Property Value
• Property Type
• Credit History
• Employment Status for Salaried
• Longevity in the business for self-employed
• Category of your employer

How can you apply for SBBJ home loan?

You need to visit the branch of SBBJ, fill up the details asked in the home loan application form and submit it to the bank. Subsequently, SBBJ will appoint an executive to visit the property that you want to buy. The executive will make a legal and technical report of the property by taking into consideration its existing market value. Based on the report and the market value, SBBJ will set a valuation amount of your property. You can then be eligible for a loan amount upto 75% of the property value.

State Bank of Bikaner & Jaipur Login

Now you don't have to visit the branch and stand in the long ques to know the details of your bank account. Well, today with the online facility, you can do anything from the comfort of your home or office. You just need to visit the site of the bank, and with the help of your login id and password, you can easily login to your account. Once you logged in, you can check your account very closely and can know the in and out. So, use this online login facility for a smooth home loan journey in State Bank of Bikaner & Jaipur.

(Updated on: 20th October,2016)