SBI Home Loans

SBI Home Loans is the largest Mortgage Lender in India, Which has helped over 30 lakh families to achieve the dream of owning a home.

SBI Balance Transfer of Home Loan

Switch your Home Loan to SBI and Save Big!

SBI offers Balance Transfer of home loan that enables a customer to transfer home loan from other Banks/NBFC’s subject to specified terms & conditions.

SBI Realty Home Loan

Construct your dream home from scratch and make it a reality.

SBI Realty provides an opportunity to the customer to purchase a plot for construction of a dwelling unit. The construction of the house should take place within 5 years from date the loan has been sanctioned. The customer can also avail another Home Loan for construction of house on plot financed under SBI Realty. The maximum amount of loan that can be offered to a customer can range upto Rs.15 crores with a comfortable repayment of 10 years.

SBI Shaurya Home Loan

You serve the nation, give us an opportunity to serve you.

SBI Shaurya Home Loan scheme is dedicated to the Army and Defence Personnel of the nation. This special home loan scheme will be only provided to the defence employees. The SBI Shaurya Home loans will have lower interest rates and other added benefits which will only be provided to the defence employee applicants. Apart from reduced interest rates in the home loan, the defence employees will also have the ease of repayment options and may get longer repayment period of the loaned amount.

Features

  • Home Loan products to suit every customers need
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 30 years
  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers

Eligibilty

  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Tenure: up to 30 years

Interest Rate & Fees

* Interest rate will vary as per the risk score of the customer
** Based on LTV of the Property

Consolidated Processing Fee structure (including Advocate Fee and Valuer Fees) will be as under:
“0.40% of the loan amount plus applicable GST subject to a minimum of Rs.10000/- and maximum of Rs.30000/- plus GST.
However, for builder tie up projects where individual TIR and Valuation Is not required: 0.40% of loan amount subject to max. recovery of Rs.10000/- plus applicable tax.
And, If TIR and Valuation is required, then normal charge as mentioned above will be applicable.

Document Required

List of Documents applicable to all applicants:

  • Employer Identity Card
  • Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
  • Proof of Identity: PAN Card (Mandatory)
  • Proof of Residence/ Address (Any one): 
(a) Recent copy of Electricity Bill
(b) Water Bill
(c) Piped Gas Bill 
(d) Copy of Passport
(e) Aadhar Card (Mandatory)

Property Papers:

  • Permission for construction (where applicable)
  • Stamped Agreement for Sale /Allotment Letter
  • Occupancy Certificate (in case of ready to move property)
  • Share Certificate (only for Co-operative Societies), Maintenance Bill, Electricity Bill, Property Tax Receipt
  • Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
  • Payment Receipts and bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  • If any previous loan from other Banks/Lenders, then Sanction Letter of Loan Running and Loan A/C statement for last 1 year.

Income Proof for Salaried:

  • Salary Slip or Salary Certificate of latest 3 months
  • Copy of Form 16 for last 2 years and copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Self Employed:

  • Business address proof
  1. IT returns for last 3 years
  2. Balance Sheet & Profit & Loss A/c for last 3 years
  • Business License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)


Dowload File

Enquire now