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SBI Corporate Home Loan- the concise information

SBI Corporate Home Loan- the concise information

by Aishwarya Gaikwad

Joining the Corporate sector to kick-start a career is the ideal approach for many graduates. That said, people are always looking for monetary opportunity, perks, faster growth, travel opportunities, and benefits. Special discounts and add-ons are also becoming the outright opportunity for capitalizing on the economics of sale. In this regard, the SBI Corporate Home loan is proving to be the best for corporate entities. It can ensure providing with the construction or acquisition of residential properties. Used for the takeover of home loans, the SBI Corporate netbanking Home Loan finds use in the name of the company. SBI corporate – https://www.creditmantri.com/sbi-corporate-home-loan-scheme/ can give you the range of benefits from financesjungle

Benefits 

  1. Designed specifically for Corporate Residential requirements, SBI Corporate Home Loan is a great opportunity to excel in the field. Besides, their employees can also get access to the SBI Corporate Home Loan.
  2. low-interest rates and a low processing fee is a major benefit.
  3. No hidden charges alongside the support of the shared upfront and transparent documentation makes the SBI Corporate Home Loan the most favourable.
  4. Largest mortgage lender in India, SBI proves that the interest is most competitive in the industry.
  5. SBI Corporate Home Loan helps in calculating the estimated EMIs. You can get access to the nominal rates based on the principal amount of loan, rate of interest and loan tenure. That said, you can rest assured about planning finances during the period of SBI Corporate Home Loan in a better way.
  6. With SBI Corporate Home Loan, you can get the opportunity to keep track of your loan details online. You can do so with the SBI online account.
  7. Wide network of bank branches across the country lets you operate and monitor your loan. 
  8. With the SBI Corporate Home Loan, you can get access to sourcing, processing, sanctioning and documentation. Besides, you can also get the opportunity to hassle-free interaction.

An insight into the SBI Corporate Home Loan

State Bank of India provides SBI Corporate Home Loan for either construction or acquisition of residential units. Affordable home loan interest rates that start with 6.95% p.a turns out to be the best. SME/C&I loan documents are required for access to the SBI Corporate Home Loan.

The best part of the SBI Corporate Home Loan

With the SBI Corporate Home Loan, you can rest assured that their won’t is any guarantor required. Besides, it makes sure that there is No pre-closure and part payment fee. You can get access to Special offers available for women applicants. You can get everything available at a lower rate. You will not require too many documents except for the KYC-PAN, address & ID proof. Besides, there is also a requirement of the Income proof, bank statement and one photograph

Perks you can get with the SBI Corporate Home Loan

You can rest assured that with the SBI Corporate Home Loan, you can get the Doorstep service, E-approval, Top-up loan available, No guarantor required, Part-payment available, as well as the Balance transfer. 

Corporate Entities associated with the SBI Corporate Home Loan

Before trying to get access to SBI Corporate Home Loan, it’s good to remember that the person must be a customer of the bank. The other criterion is that the person applying for the loan must be applying for a debt free company. It is mandatory to note that the person who is applying for the loan must go ahead with conducting business for at least 3 years. There must be proof for the earning of a profit for three business years continuously. The loans must bear the nature of being regular and standard. Besides, one should show proof that there has been no restructuring of the company in the last 3 years. the total exposure of ECR of BBB must be Rs.10 crore and above. The CRA of SB-8 and better must bear a good number both for existing SME/C&I and new customers. Subsidiaries and SPV of Corporate Entities will are also eligible for getting access to the home loan scheme by following eligibility criteria. Besides everything else, one must note that the estimated cash flow of the subsidiary should bear a sufficient note for being eligible to pay back the loan using EMI or the parent company giving an undertaking to service. 

Applying for SBI Corporate Home Loan 

  • Fill up the form for the SBI Corporate Home Loan.
  • Right after that, you will have to just enter monthly income, employment status, desired loan amount, and city
  • With that, you can expect your Wish Expert to get back to you as soon as possible.
  • You can rest assured that the Executive will ask some basic questions regarding the SBI Corporate Home Loan to check your eligibility.
  • Right after that, the portal will ask for the documents (income and property)
  • But with that, you will have to remember that the institute will check your CIBIL score.
  • After the approval, you can rest assured about getting the processed SBI Corporate Home Loan within 7 working days for disbursal.

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Access to the SBI Home Top Up Loan 

This is the loan that bears the name Term loan. People who already have access to the home loan from SBI and want more money can always apply for the SBI top-up home loan. You can get access to the renovation/construction/extension as well as any other personal need. You can get access to the loan for personal purpose. You can rest assured that the rates are lower than Personal loan. 

  • The speciality of this loan:
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Tenure: up to 30 years

SBI Flexipay Home Loan

This is the loan that can be helpful enough for the salaried and working professional/executives. Especially the Salaried applicants with a minimum of 2 years of experience can get access to this loan type. However, it’s good to remember that it is applicable for people aged between 21-45 years. Maximum repayment period of 25-30 years with INR 20 Lakh or above is applicable.

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Final words

You can get access to the SBI corporate term loans that will ensure opening the funding ongoing business expansion. Besides, it can also allow getting access to repaying high-cost debt, R&D expenditure, leveraging specific cash streams, technology upgradation, which will be favourable in the long run. Get access to SBI corporate – https://www.creditmantri.com/sbi-corporate-home-loan-scheme/ today and get the support that you want. 

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