Home Loan Eligibility: It is very difficult for people who leave their homes and villages to work in other cities to buy a house. But it is not that you cannot buy a house by going to other cities. Many banks in the country provide home loan facility for buying a house. If you are a customer of State Bank of India (SBI) and are planning to take a home loan to buy a house, then this news is for you.
Home loan available at an interest rate of 8.50 percent
Here we will tell you the easiest way to check eligibility for home loan and apply for loan through SBI’s Yono app. Before applying for a home loan with SBI, it is most important for you to know about the home loan interest rates. SBI, the country’s largest lender, offers home loans at interest rates starting at 8.50 percent.
Complete process to check home loan eligibility and apply
- Open YONO app on your mobile phone and go to Menu and click on Loans.
- Now you have to click on Home Loan.
- In the next step you will have to enter your date of birth.
- Now you have to tell your income source whether you earn money from a job or from your business.
- In the next step, you will have to provide details of your monthly income.
- If you already have a loan running, then here you have to provide details of the existing loan.
- As soon as you provide all this information, the eligibility for home loan application along with the necessary information will appear on your screen.
- Now you have to click on I am Interested.
- In the next step you have to fill all the required details and click on Submit.
- After doing this, your online application will be filed, after which you will receive a call from the bank on your registered mobile number.
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