SBI Maxgain Home Loan (Overdraft Facility)
Primary Lending Institution:State Bank of India (SBI)
₹20 Lakh to ₹10 Crore home loan at 8.65% – 9.45% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible. Minimum loan amount of ₹20 Lakh strictly enforced.
What is SBI Maxgain Home Loan (Overdraft Facility)?
Unique home loan overdraft enabling borrowers to park surplus cash in current account to directly reduce daily interest charges while preserving 100% liquidity.
Key Benefits & Features
Liquid funds save interest on home loan; cheque book and net banking access on current account; automatic interest offset; ideal for professionals with variable bonuses.
Property & Project Eligibility Requirements
Approved residential project in urban or suburban layout.
Borrower Eligibility Criteria
Resident or NRI, minimum monthly income ₹35,000, approved municipal layout property.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://sbi.co.in/web/personal-banking/loans/home-loans/sbi-maxgain with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for SBI Maxgain Home Loan (Overdraft Facility)?
The maximum repayment tenure offered for SBI Maxgain Home Loan (Overdraft Facility) is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for SBI Maxgain Home Loan (Overdraft Facility)?
The processing fee is 0.35% of loan amount (Min ₹2,000, Max ₹10,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for SBI Maxgain Home Loan (Overdraft Facility)?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does SBI Maxgain Home Loan (Overdraft Facility) require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible. Minimum loan amount of ₹20 Lakh strictly enforced.