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SBI Home Loan Application Status

A home is one of the first things people think of buying, in their youth – how they want it to look like, what are things they will have in the house etc. But as they get older, they realize that to make this dream of theirs come true they need money which is not easy to save with the current economy and inflation crisis. It is to help this goal of people, to buy their dream homes that banks and NBFCs offer home loans.

If you know about this and already applied for a Home Loan from SBI, kudos to you!

But what about the status of your application? Well, this article shows to the various methods and respective steps on how to do so!

Checking SBI Home Loan Application Status

There are various methods of checking your application status, both online and offline.

Given below are all the methods explained in detail for better understanding.

How to Check Application Status Offline?

There is more than one option to check the status of your Home Loan Application Offline, they are:

1.Visiting the Bank’s Branch

You can your home loan status by directly dropping a visit to the State Bank of India’s branch to meet the officer in charge and know the status of your home loan application.

Just keep the Application ID or Reference Number that you received while applying for the Home Loan handy.

Using the ‘Branch Locator’ option on the website of SBI, you can easily locate the nearest branch in your vicinity.

2.Calling the Customer Care Department

You can check your home loan status by giving a call to the customer care representative of SBI. To get the number, you can refer below to know the phone number to contact SBI. As always, keep your application ID/reference number handy to ascertain the status of your home loan application.

You can call on any of the numbers given below to connect with SBI.

3.Fincity!

One of the easiest ways to check the status of your Home Loan application is by just giving a call to a Fincity Home Loan representative. They will update you about your HL status as soon as possible.

How to Check Home Loan Application Status Online?

Users can check the status of their Home Loan application through the State Bank of India’s online portal or the also the mobile app.

Website:

Customers can also check the status of their loan application on official website of SBI. Just follow the simple steps mentioned below to check the approval status of your Home Loan:

As a next step, you will be redirected to a new form where you can select the nature of the loan (Select the ‘Retail Loan’ option for home loans)

You can also request a ‘call back for home loans’ where member of the customer care department will share the details of the loan application status. Fill out the reference number that you received during application and also enter your email address registered for the HL Process.

After you have entered the necessary details, click on ‘Track’ and the loan details will be displayed.

Factors That Affect the EMI of Home Loan

Home Loan EMI can be calculated using an online Housing Loan Calculator which takes into account many factors like loan amount, interest rate and the tenure or duration for which you are planning to avail the loan.

Loan amount – This is the amount you want to borrow to fulfil your home needs. ‭‭Home loan amount mainly depends on value of the property for which the loan is availed.

Fincity offers Home Loan for amounts as low as Rs. 30 lakhs to as high as Rs. 5 Crores.

Loan Particulars

EMI for 15 Years (Rs.)

EMI for 20 Years (Rs.)

EMI for 30 Years (Rs.)

Loan Tenure – Loan tenure is the duration over which a Home Loan is repaid. In practice, a shorter tenure results in higher EMIs, but helps you save on the total interest payout of the loan. Longest loan tenure available across banks and NBFC’s in India for buying a home on a loan is around 30 years, subject to borrower’s current age and retirement age.

Particulars

EMI for 15 Years (Rs.)

EMI for 30 Years (Rs.)

EMI for 20 Years (Rs.)

Interest Rate – The Rate of Interest is the interest charged on borrowed loan amount and is one of the components of monthly EMI along with principal repayment.

Loan Particulars

EMI for Rs. 40 lakhs (Rs.)

EMI for Rs. 1 crore (Rs.)

EMI for Rs. 60 lakhs (Rs.)

Home Loan Fees and Additional Charges

Depending on the loan type you are applying for, a few charges may be levied. They are mentioned below:

I hereby declare that I have read the consent. and I appoint and allow FINCITY to access my credit information from Credit Information Companies in order to understand my creditworthiness and thereinafter provide personalized values that would help them generate the Credit Information Report, Credit Score, and Credit Analysis. I/We hereby authorize FINCITY & its affiliates including banking partners to call or SMS and/or WhatsApp with reference to my application or in relation to any of FINCITY products, notwithstanding anything to the contrary that may be contained anywhere, including any registration for DNC/ NDNC.

SBI Home Loan