SBI Shaurya Home Loan (Defence Personnel)
Primary Lending Institution:State Bank of India (SBI)
Up to ₹5 Crore home loan at 8.40% – 8.95% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible. Strictly restricted to defence personnel.
What is SBI Shaurya Home Loan (Defence Personnel)?
Concessional home loan designed exclusively for Army, Navy, Air Force, and Coast Guard active and retired personnel with relaxed repayment parameters.
Key Benefits & Features
Special interest rate concessions; repayment tenure extended up to age 75; zero processing fee; lower margin money requirement.
Property & Project Eligibility Requirements
Residential flat or constructed house in approved defense housing colony or municipal area.
Borrower Eligibility Criteria
Serving or retired defense personnel of Indian Armed Forces; pension-linked loan structuring for veterans.
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-shaurya 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 Shaurya Home Loan (Defence Personnel)?
The maximum repayment tenure offered for SBI Shaurya Home Loan (Defence Personnel) is Up to 30 years, subject to borrower's age not exceeding 75 years at loan maturity.
What are the processing charges and prepayment rules for SBI Shaurya Home Loan (Defence Personnel)?
The processing fee is Nil processing fee for Armed Forces personnel. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for SBI Shaurya Home Loan (Defence Personnel)?
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 Shaurya Home Loan (Defence Personnel) 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. Strictly restricted to defence personnel.