SBI Shaurya Home Loan for Defence Personnel

[Indian]

SBI Shaurya Home Loan scheme is dedicated to the Army and Defence Personnel of the nation. This special home loan scheme will be only provided to the defence employees. The SBI Shaurya Home loans will have lower interest rates and other added benefits which will only be provided to the defence employee applicants. Apart from reduced interest rates on the home loan, the defence employees will also have the ease of repayment options and may get a longer repayment period of the loaned amount.

Features​

• Low Interest Rates
• Zero Processing Fee
• No Hidden Charges
• No Pre Payment Penalty
• Interest charges on Daily Reducing Balance
• Repayment up to 30 years
• Interest Concession for Women Borrowers
• Interest Concession in case Check Off is provided

Fees​

• Processing Fee-Full waiver of Processing Fee. However, out-of-pocket expenditures such as Advocate’s Fee for Legal Opinion, Valuers Fee for Valuation Report, CERSAI and CIBIL charges will continue to be recovered from the borrower
• Pre-sanction**
  1. Advocate's fee for property search and title investigation report.
  2. Valuer's fee for valuation report.
• Post-sanction**
  1. Stamp duty payable for Loan agreement
  2. Property insurance premium.
  3. CERSAI Registration Fee of Rs 50 + GST up to Rs 5 Lakh limit; and Rs 100 + GST for limits above Rs 5 Lakh.

** To be paid at actuals

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