The defense person need to do the construction of the new house during service or after retirement or he buys a ready-to-move flat or house. This is a high value purchase in the life of the defense person. That's why most of the time, he definitely takes home loan from the bank. Because the interest rate of home loan is also low & affordable compared to other loans and interest subsidy of Rs 2.67 lakh is also given under PM Awas Yojana. We will talk about the subsidy of PM Awas Yojana in detail in another post.
It is also known that most of the defense person's salary accounts are in SBI Bank which is known as DSP account. That's why maximum defense individuals prefer to take a home loan from SBI Bank itself.
In this post, we will talk about the home loan given by SBI Bank to the Defense Person only which is known as SBI Shaurya Home Loan. First of all let's talk about who can apply for SBI Shaurya Home Loan.
The maximum loan amount defense person can get depends on two things.
All banks give any loan based on salary. Your net salary is taken into account while calculating the loan amount. Apart from this, it is also checked whether any other EMI is going from your account. After that the loan amount is calculated. Banks offer loans up to 80% of the house construction cost or the value of the apartment. Loans are done on the basis of both these conditions.
In an upcoming post, We will talk about the Shaurya home loan process and the required documents. To share this news on whatsapp, you can share by clicking on the share button given at the beginning of the post.
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The defense person need to do the construction of the new house during service or after retirement or he buys a ready-to-move flat or house. This is a high value purchase in the life of the defense person. That's why most of the time, he definitely takes home loan from the bank. Because the interest rate of home loan is also low & affordable compared to other loans and interest subsidy of Rs 2.67 lakh is also given under PM Awas Yojana. We will talk about the subsidy of PM Awas Yojana in detail in another post.
It is also known that most of the defense person's salary accounts are in SBI Bank which is known as DSP account. That's why maximum defense individuals prefer to take a home loan from SBI Bank itself.
In this post, we will talk about the home loan given by SBI Bank to the Defense Person only which is known as SBI Shaurya Home Loan. First of all let's talk about who can apply for SBI Shaurya Home Loan.
The maximum loan amount defense person can get depends on two things.
All banks give any loan based on salary. Your net salary is taken into account while calculating the loan amount. Apart from this, it is also checked whether any other EMI is going from your account. After that the loan amount is calculated. Banks offer loans up to 80% of the house construction cost or the value of the apartment. Loans are done on the basis of both these conditions.
In an upcoming post, We will talk about the Shaurya home loan process and the required documents. To share this news on whatsapp, you can share by clicking on the share button given at the beginning of the post.
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