Is Century Regalia SBI approved?

Century Regalia in Indiranagar is an SBI-approved apartment project that provides excellent home loan options for prospective buyers. Century Regalia has been through all legal review processes and is a RERA-registered project. So, the State Bank of India (SBI) approved this as a safe and reliable project.

SBI approves the property based on.

• Builder's reputation
• The project's legality
• Technical aspects
• NOCs for construction
• Location

SBI is known as the largest bank in India, which supports potential borrowers in obtaining home loans. Investors and home buyers go for SBI home loans for their solid foundation of transparency and trust. SBI often processes the home loan in a faster and smoother way.

The SBI Regular Home Loan carries an annual interest rate of 9.15%. For processing, a fee of 0.35% of the loan amount is applicable. SBI offers less interest rate as compared to other banks. 650 is the required minimum CIBIL score for an SBI home loan. Customers having a CIBIL score below this threshold limit of 650 will get a high interest rate.

Several factors influence home loan eligibility. Includes the applicant's age, income level, type of property, and profession or employment status.

Here are the steps you have to follow for the SBI home loan

1. Keeping the property-related documents ready
2. Taking Legal Opinion
3. Valuation of property
4. Franking of Agreement
5. Application Submission
6. Wait Period
7. Documentation
8. Loan Disbursement
9. Registration

Century Regalia is a luxurious residential apartment project developed by Century Real Estate.

Century Properties is trustworthy for its high-quality construction and timely delivery of projects.

Century Real Estate has earned the confidence of all major banks because of its strong reputation.

Overview of Century Regalia

• Total land area - 8.6 acres
• Location - Indiranagar, Bengaluru
• Total units - 176 units
• Floor plans - 3 BHK, 4 BHK, and duplex houses
• Size range - 2,375 to 3,800 sq. ft.
• Price - 6 Cr onwards
• Towers - 3
• Floors - B+G+11 floors
• Status - Under construction

Loans are approved by banks only for real estate projects that are registered under RERA. RERA Karnataka officially approved the Century Regalia apartment project on 17 May 2024. RERA NO.: PRM/KA/RERA/1251/446/PR/170524/006883

The key dates of the project are as follows:

• Pre-Launch Date: July 2024
• Launch Date: July 2024
• Completion Time: 4 years
• Possession Date: December 2028