SBI's Privilege Home Loan: 7 Benefits For Government Employees

SBI has started SBI Privilege Home Loan exclusively for government employees. Those who are employed at the state and central government are entitled to the same. Other individuals who are getting the pension are also eligible for these home loans. The loan amount will be decided according to the customers income and repaying capacity, age, asset liabilities, cost of the proposed house, etc.

The age eligibility to get these home loans is between 18 years to 75 years and the tenure will go up to 30 years. SBI is providing many benefits to Indian government employees that include lower interest and it has no processing fee, and no hidden charges and no penalty for pre payment and the bank is also offering concession on interest to women borrowers. It has also introduced a new EMI system with less EMI rate to reduce the burden on employees during post retirement stage.

Here are 7 major benefits of SBI Privilege Home Loan:

{photo-feature}