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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. |