SBI Home Loans

SBI has evolved an innovative product for the customers called 'SBI-Freedom Home Loans. The product is designed by the bank for the customers those who are looking for the loan to purchase a property but don't want to mortgage the same property for the housing loan.

Under this scheme, borrowers can mortgage the financial securities like bonds, shares, Fixed deposits, etc. owned by them rather than mortgaging the same property & get the loan for their dream home.

Features:

• Option to take the loan by way of mortgage of their financial securities.
• Repay the loan through regular EMIs or through maturity proceeds of the securities pledged.
• Get the advantage of not paying the stamp duty for mortgage of their property.
• No hassles of creation of mortgage.

(Other terms and conditions – as applicable to regular Home Loans)