County Lender away from India has come-out that have a house financing tool, SBI FlexiPay Mortgage scheme. Just like any brand new SBI home loan things, this has written an abundance of hype one of several potential borrowers. In this article, I could discuss the essential features of this program and exactly what causes it to be not the same as most other mortgage strategies.
- The mortgage is only available to salaried professionals having at the least 2 yrs from work experience.
- New applicant will likely be aged between 21 and forty five.
- The financial institution states your home loan qualifications will be up to one.twice high versus almost every other home loan schemes.
- You’ve got the accessibility to deciding on the moratorium ages of right up to thirty-six-60 days. When you look at the moratorium several months, you’ll have to only pay the attention. You need not make principal installment. Theoretically, inside the moratorium months, you only pay Pre-EMI.