SBI Home Loan: Salary, EMI for Rs 35 Lakh Loan; Key Details Revealed

• To secure a Rs 35 lakh home loan from SBI, a minimum monthly salary of Rs 55,000 is required.
• The estimated monthly EMI for a Rs 35 lakh loan over 30 years at 7.25% interest is approximately Rs 24,000.
• Applicants must have a good CIBIL score and no other outstanding loans to ensure smooth loan approval.
• It is crucial to compare interest rates across different banks as even small differences can significantly impact long-term costs.
• Consider buying a house in a developing area for potential rental income to ease the financial burden.

Why It Matters: A Rs 35 lakh SBI home loan requires a Rs 55,000 monthly salary, good CIBIL score, and careful planning.