Is Prestige Evergreen SBI-Approved? Loan Eligibility, Banks & Financing Steps

Yes. Prestige Evergreen has approvals from SBI, HDFC, ICICI, and Axis Bank.
That means you can finance your Evergreen home through SBI.
SBI approval shows that the project’s legal status and builder credentials are verified. But SBI will still check your personal eligibility before sanction.

Which Banks Finance Prestige Evergreen?

SBI (State Bank of India)
HDFC Bank
ICICI Bank
Axis Bank

Having multiple bank tie-ups gives flexibility to choose lower interest or faster processing.

What SBI Approval Means

SBI has cleared Prestige Evergreen’s documents and builder credibility.
SBI is ready to lend against its units.
Buyers can trust the project’s legal and financial safety.

Loan Eligibility for SBI & Other Banks

Age / Employment → Stable income or business
Income / EMI ratio → Should not exceed 40–50%
Credit Score (CIBIL) → Minimum 700+ preferred
Down Payment → 10%–25% of property value
Project Approvals → RERA, title deed, building plans

Financing Steps

Select your unit in Prestige Evergreen.
Apply with SBI (or HDFC, ICICI, Axis).
Submit documents.
Bank checks income and credit.
Bank verifies project approvals.
Loan sanction letter issued.
Sign builder agreement.
Bank disburses in stages (construction-linked).
EMI repayment starts.

Document Checklist

Aadhaar / PAN / Passport / Voter ID
Address proof (bills, license, rental agreement)
Salary slips, ITR, or audited financials
Bank statements (6 months)
Employment / business proof
Builder documents (RERA, title deed, khata, approvals)
Photos + application form
Down payment proof

SBI vs HDFC Loan Comparison

Bank	Rate	EMI (₹)	Total Interest (₹)	Total Payment (₹)
SBI	7.70%	1,22,680	1.44 Cr	2.94 Cr
HDFC	8.65%	1,31,601	1.65 Cr	3.16 Cr

For a ₹1.5 Cr loan, 20 years:
SBI saves you ~₹8,920 monthly and ~₹21.4 Lakh overall compared to HDFC.

FAQs – Prestige Evergreen SBI Loan

Yes. Evergreen is SBI-approved along with HDFC, ICICI, and Axis Bank.

No. SBI approval means project is cleared, but your loan depends on income, credit, and documents.

SBI usually has lower EMI and fees. HDFC may process faster or offer more schemes.

ID proof, PAN, Aadhaar, salary slips, bank statements, builder approvals, and down payment proof.

Usually 75%–90% of property value, depending on your eligibility and unit cost.

Yes. SBI allows balance transfer from other banks if terms are better.

Final Word

Prestige Evergreen is SBI-approved, which adds safety for buyers.
SBI gives lower EMI and long-term savings.
HDFC and ICICI may offer flexible schemes.