Is part prepayment allowed in SBI home loan?

The partial prepayment in a home loan allows you to reduce the total tenure of your existing loan, EMI or both of these. This can be done as per your financial needs.

How can I check my loan period in SBI?

You can check the status of your SBI personal loan by calling on their toll-free numbers 1800-112-211 and 1800-425-3800 which are accessible from all the landline and mobile phones. You can also call on the number 080 26599990.

What is moratorium period in SBI home loan?

State Bank of India (SBI) has already come out with a restructuring policy under which the loan can be rescheduled and the moratorium can be further extended for a period of 24 months. As far as the EMI moratorium is concerned, the borrower may get the moratorium for a period of up to a maximum of 24 months.

How can I pay my SBI home loan online?

To start receiving and paying your bills online, simply login to https://www.onlinesbi.com and use the ‘Add Biller’ feature to select the billers you wish to make payments to. Alternately, you can also fill out the SBI e-PAY Registration Form (SeRF) available at your SBI branch, complete it and submit it to the branch.

What is part period interest?

Part period interest is an interest charged by SBI for the days from the date of disbursement of loan to the date when EMI starts.

How can I cancel my SBI loan?

To close a loan account:

1. Click Requests > Closure of Loan A/C. A Closure of Loan A/C page appears.
2. Select the loan account you wish to close.
3. Select the transaction account which will be debited to close the loan. Figure 1 shows sample settings.
4. Click [Submit].

Can I pay EMI during moratorium period?

As per EMI moratorium, the borrower is not required to pay any EMI amount during the moratorium period and the interest accrued during such period will be added to the principal loan amount and interest will be payable on it once the EMI payment starts.