SIB Home Loan

Home » Home Loan » SIB Home Loan

3.5

Average Review

SIB Home Loan

Get up to 90% financing with SIB Home Loan, flexible tenure up to 30 years, zero prepayment charges, and simple eligibility options.

Visit Site Apply Now Terms & Conditions Apply

Details for SIB Home Loan

SIB Home Loan offers up to 90% financing with a maximum repayment tenure of 30 years. Ideal for salaried and self-employed individuals, it accepts surrogate income proof through average bank balance. No prepayment or pre-closure charges make repayment flexible. The loan can be extended post-retirement if pensionable, and top-up loans are available for existing customers. With competitive processing fees and secure mortgage terms, it’s a smart, accessible solution for home buyers seeking financial ease and long-term support.

CIBIL Score

  • Credit Report should be at least 730

Required Documents

  • Two passport size photographs
  • Identity proof
  • Address proof
  • Latest 6 months' salary slips
  • Last 2 year's ITRs along with computation of income
  • Last 6 months' bank statements
  • Property-related documents
  • Business proof
  • Copy of Visa, work permit, passport, or ID card
  • Salary certificate along with employment contract
  • Latest 1-year NRE account statement
  • Business and financial proof

Loan Processing Charges

  • 0.50% +GST of the loan amount, subject to a minimum amount of Rs.10000.00 + GST

Features

  • Financing of up to 90% of the total cost of the property
  • Maximum tenure of 30 years
  • Security for the loan will be Mortgage of Land and building to be constructed/Purchased
  • Repayment period may be extended beyond retirement, if pensionable
  • Surrogate Program available– Assessment is based on Last 12 months Average Bank Balance (excluding months with lowest and highest Average Bank Balances) in Personal Account, in case income documents are not available
  • Top up Loan available for existing customers with 12 months’ regular repayment track record, Subject to conditions.
  • Prepayment / Pre-closure charges Nil

Share with

₹10,000₹1,00,00,000

0%20%

1 Year30 Years

SIB Home Loan EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
Apply Now