Saurashtra Gramin Bank Home Loan Eligibility Criteria
Eligibility depends on income stability, repayment capacity, credit profile, and property details.
|
Eligibility Factor
|
Requirement
|
|
Applicant Type
|
Salaried, Self-Employed, Farmers, Business Owners
|
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Minimum Age
|
21 years
|
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Maximum Age at Loan Maturity
|
65 years
|
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Income Source
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Stable and verifiable income
|
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Employment Stability
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Minimum 1–2 years (for salaried/self-employed)
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Credit History
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Satisfactory repayment record
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Property Location
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Rural / Semi-Urban / Approved Urban Areas
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Eligibility may vary depending on loan scheme, city, and applicant profile.
Saurashtra Gramin Bank Home Loan Schemes
The bank offers multiple housing loan options to suit different needs:
1. Home Purchase Loan
For buying a new or resale residential house or flat. Borrowers often shortlist properties through real-estate platforms such as TyTil before finalizing their home loan application.
2. Home Construction Loan
For construction of a residential house on owned land.
3. Home Extension Loan
For expanding or adding rooms, floors, or facilities to an existing house.
4. Home Renovation Loan
For repairs, renovation, or modernization of residential property.
5. Rural Housing Loan
Specially tailored loan schemes for rural and semi-urban borrowers at affordable rates.
Documents Required for Saurashtra Gramin Bank Home Loan
| Document Category |
Required Documents |
| Identity Proof |
Aadhaar Card, PAN Card, Passport, Voter ID |
| Address Proof |
Aadhaar, Utility Bill, Passport |
| Income Proof (Salaried) |
Last 3 months’ salary slips + Form 16 + 6 months bank statements |
| Income Proof (Self-Employed) |
ITR, Profit & Loss Statement, Balance Sheet |
| Property Documents |
Sale agreement, Title deed, Approved building plan |
| Bank Statements |
Last 6 months |
| Photographs |
Passport-size photographs |
Additional documents may be requested based on applicant profile and property type.
Tax Benefits on Saurashtra Gramin Bank Home Loan
Borrowers can avail tax benefits under the Income Tax Act, 1961:
Section 80C – Deduction up to ₹1.5 lakh on principal repayment
Section 24(b) – Deduction up to ₹2 lakh on interest paid for self-occupied property
Section 80EE / 80EEA (if applicable) – Additional benefits for first-time home buyers
Tax benefits are subject to prevailing income tax laws.
Saurashtra Gramin Bank Home Loan Processing Charges & Fees
| Fee Type |
Details |
| Processing Fee |
Nominal / As per bank norms |
| Legal & Valuation Charges |
As applicable |
| Prepayment Charges |
Usually Nil for floating rate loans |
| Late Payment Penalty |
As per bank policy |
| Documentation Charges |
Minimal |
Exact charges may vary by branch and loan amount.