SBI Bridge Home Loan
SBI Bridge Home Loan helpsbridging the financial gap between sale of existing property and purchasing a new property. This short-term loan comes with a repayment tenure of 2 years and competitive interest rate rages from 9.50% p.a. to 10.50% p.a. You can apply for a loan amount ranging from Rs.20 lakh to Rs.20 crore with this financing scheme.
Bridge loans are temporary loans that are used to bridge the gap between short-term fund requirements and long-term loans. It helps meet immediate cash requirements in the transitional phase of moving to a new home while your existing home is yet to be sold.
Tenure | Interest Rate |
1st year | 9.50% p.a. |
2nd year | 10.50% p.a. |
Features and Benefits of SBI Bridge Loan
- Competitive rates
- No prepayment charges
- No hidden charges
- Repayment tenure of up to 2 years
- Loans available for both the salaried and self-employed
Eligibility Criteria
Resident type | Resident of India |
Age |
|
Type of employment | Salaried and self-employed |
Documents Required
- Employer's ID card
- 3 passport-size photographs with the duly filled loan application form
- Address proof
- Identity proof
- Property-related documents
- Last 6 months bank account statements
- Loan account statement for the last 1 year (only if applicable)
Income proof for the salaried
- Last 3 months salary slips
- Copy of Income Tax Returns for the last 2 years or copy of Form 16
Income proof for the self-employed/non-salaried
- Last 3 years profit and loss account statements
- Last 2 years Income Tax Returns
- Business address proof
- Business license details
- Balance sheet details for the last 3 years
- TDS certificate
- Qualification certificate (for doctors, C.A., and other professionals)
So, if you want to sell your existing property and buy a new one, getting an SBI Bridge Loan can work for you.
Karishma VP has over a decade of experience in content writing which includes over five years specializing in personal finance. Her career in BankBazaar has given her the opportunity to write on a wide variety of financial products ranging from credit cards and home loans to insurance policies and government schemes. She believes that an understanding of personal finance is an important step to leading an independent, empowered life. This has led to her being passionate about learning more about the BFSI sector and writing about personal finance as clearly, concisely, and accurately as possible to make it accessible to a larger audience through BankBazaar.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2026 BankBazaar.com.