Apply SBI Shaurya Home Loan

Home Loan  Updated date : October 20, 2017 147

SBI Shaurya Home Loan  :  You serve the nation, give us an opportunity to serve you.

SBI Shaurya Home Loan scheme is dedicated to the Army and Defence Personnel of the nation. This special home loan scheme will be only provided to the defence employees. The SBI Shaurya Home loans will have lower interest rates and other added benefits which will only be provided to the defence employee applicants. Apart from reduced interest rates in the home loan, the defence employees will also have the ease of repayment options and may get longer repayment period of the loaned amount.

SBI Shaurya Home Loan Features

  • Low Interest Rates
  • Zero Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Interest Concession for Women Borrowers
  • Interest Concession in case Check Off is provided

SBI Shaurya Home Loan Eligibility

  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 75 years
  • Loan Tenure: up to 30 years.

SBI Shaurya Home Loan Interest Rates & Fees


Home Loan (Term Loan)*

Above Rs.10 lakhs & Upto Rs.30 lakhsAbove Rs.30 lakhs & Rs.75 Upto lakhsAbove Rs.75 lakhs & Upto Rs.50 crores
With Check Off
8.35% p.a8.35-8.40% p.a8.45-8.50% p.a
8.35% p.a8.35-8.40% p.a8.45-8.50% p.a
Without Check Off
8.35% p.a8.35-8.40% p.a8.45-8.50% p.a
8.40% p.a8.40-8.45% p.a8.50-8.55% p.a

*Interest rate will vary as per the risk score of the customer


  • Processing Fee : Zero
  • Pre-sanction**
    1. Advocate's fee for property search and title investigation report.
    2. Valuer's fee for valuation report.
  • Post-sanction**
    1. Stamp duty payable for Loan agreement & mortgage.
    2. Property insurance premium.
    3. CERSAI Registration Fee of Rs 50 + Service Tax up to Rs 5 Lakh limit and Rs 100 + Service Tax for limits above Rs 5 Lakh.

** To be paid at actuals.

SBI Shaurya Home Loan Documents Required

List of papers/ documents applicable to all applicants:

  • Loan Application: Completed loan application form duly filled in and affixed with 3 Passport size photographs
  • Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
  • Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers:

  • Permission for construction (where applicable)
  • Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
  • Occupancy Certificate (in case of ready to move property)
  • Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
  • Approved Plan copy (Xerox Blueprint) & Registered Development agreement of the builder, Conveyance Deed (For New Property)
  • Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

  • Bank A/c. Statement (Individual) for last six months
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

  • Current Salary Slip or Salary Certificate
  • Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Co-applicant/ Guarantor:

  • IT returns for last 3 years
  • Balance Sheet & Profit & loss A/c for last 3 years
  • Business License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)

Processing Fee

Click here to view the Processing Fee

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