SIB HOME LOANS for All Your needs (click here for home loan application form)

  • Purchase of ready to occupy house, flat/villas. Flat/ villas under construction.
  • Residential plot and construction of house
  • Construction of house in own land. 
  •  Improvement /Repair/Renovation of own residential house
  • Additions/ Enlargement of own residential house 
  •  Takeover of existing Housing Loans 
  •  Reimbursement of Expenses incurred for residential house.



    Salient Features of our home loans are
  • Same Rate of Interest. Base Rate irrespective of loan amount/age/period/purpose.
  • No Upper limits for Loan Amount 
  •  Flexible Repayment Options, such as repayment beyond date of retirement.
  • Flexibility in purpose – For purchase of land & construction of house at a later stage

General terms & conditions

Rate of Interest  Click here to view the latest interest rate
Margin 10 to 25 %
Primary Security Residential property being financed
Holiday Period 3 to 36 months ( as applicable)
Upfront Charges Maximum Rs 10000/-
Primary Security Residential property being financed
Co-Borrower Spouse
Guarantor Close Relative(if their income is also taken into account)

Features of Housing loan to:

1. Salaried Class  2. Business Class 3. Next Gen
4. Agriculturists  5. NRIs 6. Senior Citizens

1.Salaried Class

Target Group Employees of MNCs, State/Central Govt, IT Companies etc
 Eligible Loan Amount 60 times of Net Monthly Income
Period of Repayment 30 years/Till 75 years of age

2.Business Class

Target Group Self Employed, Business people
 Eligible Loan Amount 5 times of average gross income as per IT returns.
Period of Repayment 30 years/Till 75 years of age


 3. Next Gen

Target Group Professionals with net monthly income of Rs 60000/-
 Eligible Loan Amount 75 times of Net Monthly Income
Period of Repayment 30 years/Till 60 years of age


4. Agriculturists

Target Group Persons whose main source of income is Agriculture.
 Eligible Loan Amount 5 times of average gross income
Period of Repayment 30 years/Till 75 years of age


5. NRIs

Target Group NRI individual/jointly with NRI or resident spouse.
 Eligible Loan Amount 50 times of average monthly remittance.
Period of Repayment 20 years/Till 70 years of age


6. Senior Citizens  

Target Group Pensioners/HNIs without pension
 Eligible Loan Amount 60 times of Monthly pension/5 times of Gross total income.
Period of Repayment 20 years/Till 75 years of age


## conditions apply