SBI Freedom Home Loan

SBI-Freedom-home-loan

Moving into the house of your dreams is indeed a big step. Having a house of your own actually signifies a milestone in your financial life. Sometimes, to reach that milestone, you need to work a little hard. Life doesn’t always turn out the way we plan it. Thankfully, to make your dreams come true, we have some of the best Home Loan offers for you to choose from. One such amazing loan is the SBI Freedom Home Loan.

Additional Reading: 12 Amazing Tips To Save Money When Moving Into Your Dream House

Here’s all you need to know about it:

What Is SBI Freedom Home Loan?

SBI Freedom Home Loan is for people who do not wish to mortgage the property yet get a housing loan. Not everyone is comfortable with mortgaging their property and SBI has, therefore, come up with this amazing scheme. Instead of having to mortgage their property, the customer has to pledge an equivalent financial security in lieu of the house/property. The same can also be done for the margin money. Thus giving you 100% funding.

Additional Reading: Applying For A Home Loan? Here’s How To Avoid Getting Rejected!

The Bad News

SBI Freedom Home Loan is no longer available. Aww…don’t be disheartened.

The Silver Lining

Although SBI Freedom Home Loan has been discontinued, there are a lot of other flexible Home Loan options you can choose from.

CTA: Explore Home Loans

18 thoughts on “SBI Freedom Home Loan

    1. Team BankBazaar

      Dear Yatin,
      Thanks for writing to us. This scheme from SBI gives funding equal to the mortgage that you provide. Instead of mortgaging the house that you want to buy, you will need to mortgage some other asset to get a 100% loan. Please check with SBI if the scheme still exists. If you would like to check out other Home Loan offers, click here to compare and apply.

      Cheers,
      Team BankBazaar

      Reply
    1. Team BankBazaar

      Hi Irfan,

      Thanks for writing to us. Most banks provide only up to 90% of your Home value as financing. However, if you provide additional collateral they might give you 100% funding. Click here to appy for a Home Loan.

      Cheers,
      Team BankBazaar

      Reply
  1. maahi thevar

    i am doing job for 2month its my new job i have worked for 1 yrs in last job and i want 100% home loan and i am earing around 15k so can i get it

    Reply
    1. Team BankBazaar

      Hi Frank, Most banks usually offer up to 85% financing on a Home Loan. You can check you eligibility here.

      Reply
    1. Team BankBazaar

      Hi Abhimanyu,
      Lenders usually do not provide 100% finance. But, if you pledge a suitable asset, there is a chance that you can get 100% funding. This will be at the discretion of the bank. You can check if you’re eligible for a Home Loan by clicking here.
      Cheers,
      Team BankBazaar

      Reply
  2. syam

    My monthly income is 15000 I have just 2 lakh on hand but I want 15 lak home can possible to 100 % loan in emi

    Reply
    1. Team BankBazaar

      Hi syam,

      Banks generally don’t grant 100% loan for homes. You will have to arrange for the downpayment for a Home Loan. You can check your eligibility here.

      Cheers,
      Team BankBazaar

      Reply
    1. Team BankBazaar

      Hi Sanjay Deshpande,
      Banks don’t provide 100% of the cost of the property through Home Loans. They usually give you a maximum of 85%-90%. You need to pay the remaining as downpayment. You can read this article to understand the process.

      Cheers,
      Team BankBazaar

      Reply
  3. karthi

    Need 100 percentage home loan please contact me on 8807455441

    Reply
    1. Team BankBazaar

      Hi Karthi,

      Banks usually give only 85%-90% on a Home Loan. You will have to arrange for the remaining amount as a down payment for your home. However, you can check your eligibility for a Home Loan here.
      All the best!

      Cheers,
      Team BankBazaar

      Reply

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