Gudia

ATM / Branch Locator

SBP-MAXGAIN

 

1

Loan amount

Minimum : Rs.10.00 lacs

Maximum : No Upper Limit

2

Loan Term

Upto 30 Years subject to liquidation of loan before the borrower reaches the age of 70 years(5 years age relaxation for pensioner’s i.e. loan fully repaid before age of 75 years) 

3

Interest Type (Floating or Fixed)

Floating

4

 Rate of Interest

Click here for rate of interest

5

Date of Reset of Interest

Annually

6

Mode of Communication of Changes in Interest Rates

Bank's Website -www.sbp.co.in & Entry in Statement of loan account

7

Fee Payable as under:

a

During the Term of the Loan

   Processing Fee:-  0.35% of the Loan amount plus applicable Service tax (with a minimum of Rs.2000/- plus applicable service tax and maximum of Rs.10000/- plus applicable service tax)

b

On Foreclosure

 Nil

c

Fee refundable if loan is not sanctioned

On rejection of the loan application on account of unsatisfactory pre-sanction survey report or on account of unsatisfactory legal/valuation report 25% of the fees shall be retained by bank

d

Conversion Charges for Switching from Fixed to Floating   Interest rate

Fixed home loan account is converted to current card interest rate (Borrower pay 0.57% of current outstanding plus applicable service tax).

e

Penalty for delayed payments

penal interest @ 2% on the entire outstanding for the period of default, over and above the applicable rate will be charged from the day the account is rendered irregular

 

8

EMI Payable

Monthly Reducing OD Limit, Interest & monthly principal repayable to be made.

9

Details of Security Collateral Obtained

a)  Primary Security: Equitable Mortgage by Deposit of Title Deeds of the Immovable Property.

 

b)  Collateral security: In Cases where the Home loan is Sanctioned against Liquid Tangible securities in lieu of Mortgage of  the Property being financed:' Assessed Value' of Such Securities will be considered

10

Date on Which the Annual outstanding balance statement will be issued

As on 31st March every Year.