Hi dear readers, hope you are doing well, today we will know about How to get SBI Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
As you know that home loan comes under the category of Secured Loan. In this article, we will know what is SBI Home Loan, how can you apply for this loan, what are the documents and eligibility required to apply etc. For this you are requested to read this article till the end.
SBI Home Loan
If you want to buy a house or build a house but you are short of money then you With SBI Home Loan you can fulfill your dream of home. From State Bank Of India Home Loan Ready-made / under construction / pre-owned properties can be taken for purchase. Any individual salaried person ( salaried person) and self employed ( self-employed) can apply for SBI Home Loan. State Bank of India (SBI) To take a home loan, you have to apply in it. You can apply both online and offline.
offers many types of Home Loan Schemes. Eligibility and documents may be different for everyone. Bank will send you your documents, CIBIL Score And will provide you loan based on your income.
You from SBI Prime Minister’s Housing Scheme You can get home loan under If you are from SBI Personal Loan If you want to get information about the process of taking, then you can take it by clicking on this link “ SBI Personal Loan ”.
Key Features of SBI Home Loan
- Loan Name: SBI Home Loan 2024
- Bank Name: State Bank of India (SBI)
- Loan Amount: Rs 100 crore
- Loan tenure: Up to 30 years
- SBI Home Loan Interest Rate: Starting from 8.05% P.A.
- Official Website: homeloans.sbi
SBI Home Loan Interest Rate 2024
SBI home loan interest rates starting from 8.05% p.a. Before taking a personal loan, we should Personal Loan Interest Rate 2024 Similarly, before taking a home loan, we need to know about Home Loan Interest Rate 2024 It is necessary to have information about If you do not get proper information about the interest rate of the home loan before applying for it, then you may have to face problems at the time of repayment of the loan.
Benefits and Features of SBI Home Loan
- Home loan up to Rs 100 crore from the State Bank of India, but this loan will be given to you on the basis of your documents, credit score and your income.
- State Bank of India home loan interest rates start from 8.05% p.a.
- person ( salaried person) and self employed ( self-employed) can apply for this loan.
- State Bank of India provides many types of Home Loan Schemes, about which we will get information in this article.
- If your dream is to buy a house or build a house, you can take advantage of SBI home loan.
- Any person in the age group of 18 to 75 years who fulfills all the eligibility of this home loan can apply for it.
- gives you up to 30 years to repay the home loan ( Loan Tenure).
- Women borrowers are given interest concession on SBI home loan.
- Low interest rates
- No hidden charges
- Low processing fee
- No prepayment penalty
State Bank of India (SBI) Home Loan Schemes
As we told you that State Bank of India offers many types of home loan schemes. This scheme is as follows:
- Regular Home Loan
- Balance Transfer of Home Loan
- NRI Home Loan
- Flexipay Home Loan
- Privilege Home Loan
- Shaurya Home Loan
- Pre -Approved Home Loan
- Realty Home Loan
- Home Top Up Loan
- Smart Home Top Up Loan
- – Up Loan
- Corporate Home Loan
- Home Loan to Non-Salaried – Differential offerings
- Tribal Plus
- Earnest Money Deposit (EMD)
- Reverse Mortgage Loan
- ( CRE (Commercial Real Estate) Home Loan)
- Loan Against Property (P-LAP)
Now everyone understands SBI ‘s home loan scheme in detail:
1. Regular Home Loan ( SBI Regular Home Loan):
Qualities:
- Home loan products tailored to the needs of every customer
- low interest rates
- low processing fee
- no prepayment penalty
- Interest Charges on Daily Declining Balance
- 30 years
- Home Loan Available as Overdraft
- Interest concession for women borrowers
- no hidden charges
- The interest rate will vary as per the risk score of the customer
- Applicant’s age should be between 18 to 70 years.
Documents: The documents for SBI Regular Home Loan are as follows:
List of papers/documents applicable for all applicants:
- Employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill or Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (For Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder Registered Development Agreement, Conveyance Deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
2. SBI Balance Transfer of Home Loan
Qualities:
- low interest rates
- no hidden charges
- Interest Charges on Daily Declining Balance
- Home Loan Available as Overdraft
- Interest concession for women borrowers
- no prepayment penalty
- Applicant’s age should be between 18 to 70 years.
Documents: The documents for SBI Balance Transfer of Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- NOC from Society/Builder
- Registered Agreement for Sale
- occupancy certificate
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Series of all old agreements for sale
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
Documents from another bank:
- List of original documents kept in the bank
- Loan account statement for the last one year
- acceptance letter
- interim period security
3. NRI Home Loan ( SBI NRI Home Loan)
Qualities:
- The applicant’s age should be 18 to 60 years for this loan.
- Non Resident Indian (NRI) or Person of Indian Origin (PIO) can apply for this loan.
- low interest rates
- low processing fee
- no prepayment penalty
- Interest Charges on Daily Declining Balance
- 30 years
- no hidden charges
- Home Loan Available as Overdraft
- Interest concession for women borrowers
Documents: The documents for SBI Balance Transfer of Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Attested copy of valid passport and visa.
- Proof of address mentioning current foreign address
- Copy of Continuous Discharge Certificate (CDC) for applicants employed in Merchant Navy.
- PIO card issued by Government of India. ( in case of PIO)
- The documents can be verified by the FO/Rep. Office or Officers of Indian Embassy/ Consulates or Foreign Notary Public or Branch/ Sourcing Organizations located in India.
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months showing salary and savings and Indian account, if any.
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- valid work permit
- Employment Contract – An English translation, if it is in any other language, duly attested by the Employer / Consulate / Our Foreign Office / Embassy
- Salary certificate/slip for last three months
- Bank statement for last six months showing salary credit
- Latest salary certificate / slip in original and copy of identity card issued by current employer
- Duly approved copy of previous year’s personal tax return except NRIs/PIOs and Merchant Navy employees based in Middle East countries.
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor:
- business address proof
- Proof of income in case of self-employed professionals/businessmen.
- Audited/CA certified Balance Sheet and P&L Accounts of last 2 years,
- Individual tax return for the last 2 years excluding NRIs/PIOs based in Middle East countries
- Bank statement for the last six months of the foreign account in the name of the individual as well as the company/entity.
4. Flexipay Home Loan ( SBI Flexipay Home Loan)
Qualities:
- The minimum age of the applicant should be 21 years.
- Maximum age: 45 years to apply for the loan, and up to 70 years of age to repay
- low interest rates
- low processing fee
- no prepayment penalty
- 20% higher home loan eligibility
- Interest Charges on Daily Declining Balance
- 30 years
- no hidden charges
- Interest concession for women borrowers
Documents: The documents for SBI Flexipay Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
5. Privilege Home Loan ( SBI Privilege Home Loan)
Qualities:
- Applicant’s age should be 18 to 75 years.
- low interest rates
- zero processing fee
- no prepayment penalty
- Interest Charges on Daily Declining Balance
- 30 years
- no hidden charges
- Interest concession for women borrowers
- Interest concession is provided in case of check off
Documents: The documents for SBI Privilege Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: The completed loan application form duly filled and affixed with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
6. Shaurya Home Loan ( SBI Shaurya Home Loan)
Qualities:
- Applicant’s age should be 18 to 75 years.
- low interest rates
- zero processing fee
- no prepayment penalty
- Interest Charges on Daily Declining Balance
- 30 years
- no hidden charges
- Interest concession for women borrowers
- Interest concession is provided in case of check off
Documents: The documents for SBI Shaurya Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: The completed loan application form duly filled and affixed with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
7. Pre-Approved Home Loan ( SBI Pre-Approved Home Loan)
Qualities:
- should be 18 to 70 years to apply for this loan.
- low interest rates
- low processing fee
- no prepayment penalty
- Interest Charges on Daily Declining Balance
- 30 years
- no hidden charges
- Home Loan Available as Overdraft
- Interest concession for women borrowers
Documents: The documents for SBI Pre-Approved Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: The completed loan application form duly filled and affixed with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
8. Realty Home Loan ( SBI Realty Home Loan)
Qualities:
- should be between 18 to 65 years to apply for this loan.
- no hidden charges
- low interest rates
- low processing fee
- Interest Charges on Daily Declining Balance
- no prepayment penalty
- 10 years
- Interest concession for women borrowers
Documents: The documents for SBI Realty Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- complete loan application
- 3 passport size photographs
- Proof of Identity (Photocopies of Voter ID / Passport / Driving License / IT PAN Card)
- Proof of residence (photo copies of recent telephone bill / electricity bill / property tax receipt / passport / voter ID card)
- Proof of business address for non-salaried individuals
- Bank account/passbook details for the last six months
- Signature identification from existing bankers
- personal asset and liability statement
For Guarantors (where applicable):
- personal asset and liability statement
- 2 passport size photographs
- proof of identity as above
- Proof of business address as above
- Signature identification from his current bankers
- proof of residence as above
Additional Documents Required for Salaried Individuals:
- Basic salary certificate from employer
- Form 16 or copy of IT return of last two financial years, duly accepted by IT department.
Additional documents required for professionals/self-employed/other IT assessors:
- Acknowledgment copies of three years’ IT returns/assessment orders.
- Photocopy of challan giving proof of payment of advance income tax
9. Home Top Up Loan ( SBI Home Top Up Loan)
Qualities:
- Applicant age should be 18 to 70 years.
- Interest Charges on Daily Declining Balance
- Home Loan Available as Overdraft
- 30 years
- low interest rates
- no hidden charges
- low processing fee
- no prepayment penalty
Documents: The documents for SBI Home Top Up Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- complete loan application
- 3 passport size photographs
- Proof of Identity (Photocopies of Voter ID / Passport / Driving License / IT PAN Card)
- Proof of residence (photo copies of recent telephone bill / electricity bill / property tax receipt / passport / voter ID card)
- Proof of business address for non-salaried individuals
- Bank account/passbook details for the last six months
- Signature identification from existing bankers
- personal asset and liability statement
For Guarantors (where applicable):
- personal asset and liability statement
- 2 passport size photographs
- proof of identity as above
- Proof of business address as above
- Signature identification from his current bankers
- proof of residence as above
Additional Documents Required for Salaried Individuals:
- Basic salary certificate from employer
- Form 16 or copy of IT return of last two financial years, duly accepted by IT department.
Additional documents required for professionals/self-employed/other IT assessors:
- Acknowledgment copies of three years’ IT returns/assessment orders.
- Photocopy of challan giving proof of payment of advance income tax
10. Smart Home Top Up Loan ( SBI Smart Home Top Up Loan)
Qualities:
- Applicant can be resident Indian and NRI
- Applicant age should be 18 to 70 years.
- 5 lakh
- 550 or more can apply.
- 1 year or more after completion of moratorium
- No other home top-up or Insta home top-up loan should be active
- low processing fee
- no hidden charges
- no document required
- quick processing
- no prepayment penalty
- Also available as overdraft
Documents: The documents for SBI Smart Home Top Up Loan are as follows:
You do not need any documents to apply for this loan.
11. YONO Insta Home Top-Up Loan ( SBI YONO Insta Home Top-Up Loan)
Qualities:
- T&C Apply
- various credit inquiries like satisfactory repayment, balance loan tenure etc.
- For more details you can contact on [email protected] or helpline number 1800 11 1101.
- 3 easy steps
- immediate disbursement
- It can be used for any purpose other than speculation
- low interest rates
- Available as Overdraft
- Fully digital product, no manual intervention
- No paperwork, no branch visits
- 24*7 Availability
- 2000 and applicable service tax will be levied under Excise. Processing fee will be deducted from the loan amount before disbursement
Documents: The documents for SBI YONO Insta Home Top-Up Loan are as follows:
You do not need any documents to apply for this loan.
12. Corporate Home Loan ( SBI Corporate Home Loan)
Qualities:
- low interest rates
- low processing fee
- no hidden charges
Corporate Eligibility for Institutions:
- We should be an existing debtor or debt free company
- Must be in the line of business for at least 3 years
- Should have earned uninterrupted net profit in the last three years
- The existing loan accounts, if any, of the company should be regular and standard and should not have been restructured during the last 3 years. Opinion reports will be obtained from the existing bankers, if any.
- ECR of BBB and better for units with total exposure of Rs 10 crore and above
- CRA of SB-8 and better for both existing SME/C&I customers and new customers. CRA will be worked out on the basis of latest audited balance sheet
SPVs/subsidiaries of corporate entities will also be eligible for availing loan under the scheme provided:
- The parent company fulfills the above eligibility criteria
- The parent company agrees to stand as the guarantor of the home loan
- The estimated cash flow of the SPV/subsidiaries is sufficient to pay the EMI or the parent company undertakes to service the home loan apart from guaranteeing the loan.
13. Home Loan to Non-Salaried – Differential offerings
Qualities:
- Applicant’s minimum age should be 18 years.
- 50,000 to 50 crores under this loan.
- Wherever the applicant is a proprietor of a proprietorship firm or is one of the partners in the partnership firm or is one of the directors in the company, the firm/company:
- Must be in existence for at least last 3 years
- Must have earned net profit in the last two years
- The existing credit facilities, if any, should be regular and standard. Opinion report in this regard will be obtained from existing bankers
- Wherever the proposed house property is acquired in the joint name of the Proprietor and the Proprietary Firm, the firm should be our existing debtor or debt free entity.
- Home loan products tailored to the needs of every customer
- low interest rates
- low processing fee
- no hidden charges
- Interest Charges on Daily Declining Balance
- 30 years
Documents: Home Loans to Non-Salaried – Documents for Differential Offer
List of papers/documents applicable for all applicants:
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details :
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor
14. Tribal Plus ( SBI Tribal Plus)
Qualities:
- Applicant age should be between 21 years to 60 years.
- Under this loan, the applicant can take a maximum loan of up to Rs 10 lakh.
- Home loans for people living in hilly/tribal areas
- no mortgage of land
- 15 years
- Loans Against Third Party Guarantee
- no hidden charges
- Interest concession for women borrowers
- low interest rates
- low processing fee
- no prepayment penalty
- Interest Charges on Daily Declining Balance
Documents: The documents for SBI Tribal Plus are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
15. Earnest Money Deposit ( SBI Earnest Money Deposit (EMD))
Features :
- The minimum age of the applicant should be 21 years.
- Loan Tenure: Lump sum repayment to be done in case of successful allotment.
- The loan amount for CSP/DSP account holders is Rs 15 lakh and others can take loan up to Rs 10 lakh.
- Short term loans up to 100% of the application amount
- low interest rates
- no hidden charges
- low processing fee
- no prepayment penalty
- no minimum income criterion
- Repayment period should not exceed 12 months
Documents: The documents for SBI Earnest Money Deposit are as follows:
List of papers/documents applicable for all applicants:
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
- Self attested Aadhar Card and PAN Card copy is mandatory.
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Co-Applicant/Guarantor:
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
16. SBI Reverse Mortgage Loan
Qualities:
- This loan is given to senior citizens of India.
- Senior citizens who have a self-acquired or self-occupied house are eligible.
- The age of single person should be more than 60 years and in case of joint person the age of spouse should be more than 58 years.
- 10-15 years and the tenure of the loan is dependent on the age of the beneficiary.
- 3 lakh to Rs 1 crore under this loan.
- low interest rates
- no hidden charges
- low processing fee
- no prepayment penalty
Documents: The documents for SBI Reverse Mortgage Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
17. Commercial Real Estate Home Loan ( CRE (Commercial Real Estate) Home Loan)
Qualities:
- Applicant’s age should be between 18 to 70 years.
- low interest rates
- low processing fee
- no prepayment penalty
- Interest on Daily Decreasing Balance
- Home Loan Available as Overdraft
- no hidden charges
- Interest concession for women borrowers
Documents: The documents for CRE (Commercial Real Estate) Home Loan are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
18. Loan Against Property (P-LAP)
Qualities:
- Applicant age should be 18 to 70 years.
- can be given to the applicant for 15 years.
- low interest rates
- no hidden charges
- low processing fee
- no prepayment penalty
- Interest on Daily Decreasing Balance
Documents: The documents for Loan against Property (P-LAP) are as follows:
List of papers/documents applicable for all applicants:
- employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
Property Documents:
- Construction permit (where applicable)
- Registered Agreement for Sale (Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
Account Details:
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, then loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Form 16 for last 2 years or copy of IT return for last 2 financial years, accepted by IT Department.
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable )
- Certificate of Qualification (for CA/Doctor and other professionals)
SBI HomeLoan Fees & Charges
So far friends, we have got a lot of information about SBI home loan. Now we are going to talk about the Fees & Charges on this loan. So the processing fee on this loan (including advocate fee and appraisal fee) can be 0.40% of the loan amount + GST from Rs 10,000 to Rs 30,000 + GST.
How to Apply for State Bank of India (SBI) Home Loan ?
If you have read this article completely, then friends, you must have acquired a lot of information about SBI home loan. Now let’s talk about how we can apply for this home loan.
You can apply for SBI Home Loan both online and offline. Both the procedures have been given to you here. First of all let us know how we can apply online :
How to apply SBI home loan online ?
- To apply online, you have to first visit the official website of Home Loan SBI Bank https://homeloans.sbi/.
- On the home page of the website, you have been given the types of loans in OUR PRODUCTS, you have to select the loan for which you are applying.
- selecting the loan, you will be on the next page Apply Now An option will appear, click on it.
- As soon as you click on the link given above. After clicking, the home loan registration form will open in front of you.
- In this form, you have to enter all the requested information correctly and submit the form.
- After that the bank will contact you and verify your documents. If you are found eligible for the loan and your loan is approved, then the loan amount is transferred to your bank account.
How to apply offline ?
If you do not want to apply online then you can also apply offline. Follow the steps given below to apply offline :
- First of all you have to go to your nearest branch of State Bank of India (SBI).
- By going to the bank, you have to tell the rights of the bank that you want to apply for home loan.
- The bank official will provide you all the information related to the home loan.
- After that he will check your documents and tell you whether you are eligible for the loan or not and if eligible then how much loan amount you can get.
- If you fulfill all the conditions of the bank, then the loan process is carried forward.
- After all the process, if your loan is approved then the loan amount is transferred to your bank account.
SBI home loan EMI calculator
It is important for you to know about the monthly installment ie EMI. You should calculate your EMI before availing the loan. You can calculate the EMI of SBI Home Loan by visiting the official website of SBI. You can directly come to the EMI calculator page by clicking on this link https://homeloans.sbi/calculators.
SBI Home loan Customer Care Number
If you are facing any kind of problem in taking loan then you can contact on SBI Home Loan customer care number. For this you have to first visit the official website of the bank. On the home page of the website you will find Contact Us An option will appear, click on it. After clicking, on the next page, you can select your city and get the helpline number in the branch of the bank of that city.
FAQ’s
Q. How can I check my SBI Home Loan eligibility ?
Ans. SBI Home Loan eligibility is given in this article, you can read this article completely.
What is the minimum salary required for SBI Home Loan ?
Ans. The monthly income of the applicant should be Rs 25,000 or more.
Q. Can I repay SBI home loan online ?
Ans. Yes, you can pay your loan amount online.
Q. Can I get SBI loan account ? can i close online ?
Ans. You can close your account through net banking.
Q. For how many days can I get SBI home loan ?
Ans. You get this loan in about 7 to 9 days.
Conclusion:
Friends, in this article we have told you SBI Home Loan Full information is given about If you want to get any other information, then you can contact the helpline number of the bank.
Before applying for the loan, it is important for you to be aware of the SBI home loan interest rate so that you do not face any problem at the time of loan repayment.
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