SBI offers "SBI Home Top Up Loan" to their customer to borrow certain amount over and above their home loan amount. The customer who already have a home loan from SBI and requires more funding, can opt for Home Top up loans. It can be availed for any personal purpose. The interest rates are much lower than usual personal loan interest rates.
*Interest rate will vary as per the risk score of the customer
** Based on LTV of the Customer
Consolidated Processing Fee structure (including Advocate Fee and Valuer Fees) will be as under:
â€œ0.40% of the loan amount plus applicable GST subject to a minimum of Rs 10000/- and maximum of Rs 30000/- plus GST.
However, for builder tie up projects where individual TIR and Valuation Is not required: 0.40% of loan amount subject to max. recovery of Rs. 10000/- plus applicable tax.
And, if TIR and Valuation is required, then normal charge as mentioned above will be applicable.
List of papers/ documents applicable to all applicants:
For guarantor (wherever applicable):
Additional documents required for salaried persons:
Additional documents required for Professionals/self- employed/ other IT assesses: