SBBJ Home Loans

When you are searching for an ideal home financing scheme for purchasing your dream home at an affordable cost, then State Bank of Bikaner & Jaipur(SBBJ) can be the

right place for you. State Bank of Bikaner & Jaipur home loans boast all the benefits and features that a perfect home loan program should have.

About State Bank of Bikaner & Jaipur home loans

State Bank of Bikaner & Jaipur home loans come with competitive interest rates and flexible repayment terms. The terms and conditions of State Bank of Bikaner & Jaipur home loans have been designed to suit the budget and requirements of the borrowers. Buying and owning a home is a significant decision in your life. State Bank of Bikaner & Jaipur can take you through the entire home buying procedure without any problem.

Benefits offered by State Bank of Bikaner & Jaipur home loans

Given below are the key benefits offered by State Bank of Bikaner & Jaipur home loans:

• Doorstep Service
• Easy eligibility criteria for business professionals
• Easy paperwork
• Cheap interest rates
• Faster turnaround period

Purpose of State Bank of Bikaner & Jaipur home loans

You can avail an SBBJ home loan for any of the following purposes:

• Purchasing house/plot/flat
• Extension of home
• Construction of home
• Remodeling of home
• Renovation of home

Eligibility criteria for State Bank of Bikaner & Jaipur home loans

Any individual with a stable and regular source of income can qualify for a State Bank of Bikaner & Jaipur home loan.

Quantum of finance

1) For salaried individuals:

The loan amount is decided on the basis of your EMI/NMI ratio in the following manner:

In case your yearly income is up to Rs.2 lakhs – your EMI/NMI ratio should not surpass 40%
In case your annual income is over Rs.2 lakhs and up to Rs.5 lakhs – your EMI/NMI ratio should not be over 50%
In case your annual income is more than Rs.5 lakhs - your EMI/NMI ratio should not surpass 55%. Income of daughter/son or spouse (any two) can be combined for computation of income.

2) For business professionals:

The loan amount will be decided on the basis of the sales figure in case the loan amount requested is higher than Rs.2 lakhs.

Margin for State Bank of Bikaner & Jaipur(SBBJ) home loans

The margin for State Bank of Bikaner & Jaipur home loans is as follows:

In case of loan amount up to Rs.1 crore - the margin is 20%
In case of loan amount over Rs. 1.00 crore – the margin is 25%

SBBJ has also designed few other home loan products for NRIs and others namely SBBJ Maxgain, SBBJ Realty, NRI Housing Loan Scheme and SBBJ Flexi Housing Loan.

Home Loan Calculator

The installment will not include any processing fee or charges which are applicable as per the rules of finance providing Authorities.

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