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SBI Home Loan


Loan Name Interest Rate Processing Fee Loan Amount Tenure
SBI Regular Home Loan 8.75% - 9.50%, Floating 0 Up to Rs 3 crores 1-30 Years
Details
Documents Required

Documents

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate in case of ready to move property
  • Permission for Construction
  • Approved Plan Copy (Xerox Blueprint), Registered Development Agreement of the builder, Conveyance Deed (in case of new property)
  • Payment Receipts or Bank A/C statement showing payments made to Seller/Builder

Account Statement

  • Bank Account Statements for last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant

  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor/ Co-Applicant

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Profit and Loss A/C and Balance Sheet for the last 3 years
  • Business License Details
  • TDS certificate (Form 16A)
  • In case of Chartered Accounts/ Doctor/ Other Professions Certificate of Qualification.
Benefits

  • Lower interest rates
  • Lower Processing Fees
  • No Hidden Charges
  • Penalty Charges will not be levied in case of Pre Payment of Loan
  • Repayment option up to 30 years
Eligibility

  • Minimum age of the applicant should be 18 years
  • Maximum age of the applicant should be 70 years
  • The applicant should be a resident Indian
  • Tenure of the loan is up to 30 years
Other Details

  • No processing fees
  • Get property insurance premium post sanction
  • Pre-sanction fee includes advocate’s fee for property search and investigating title report.
  • The pre-sanction fee also includes valuer’s fee for valuation report.
  • Home loan is available as overdraft
SBI Balance Transfer Home Loan 8.75% - 9.50%, Floating 0 Up to Rs 3 crores Up to 30 years
Details
Documents Required

Documents

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate
  • NOC from Builder/Society
  • Chain of all old agreements for sale

Account Statement

  • Bank Account Statements for last 6 months from all the bank accounts held by the applicant.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant

  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor/ Co-Applicant

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Profit and Loss A/C and Balance Sheet for the last 3 years
  • Business License Details
  • TDS certificate (Form 16A)
  • In case of Chartered Accounts/ Doctor/ Other Professions Certificate of Qualification.

Documents from other Banks

  • Sanction Letter
  • Loan account statement for last 1 year
  • List of Original Documents held at Bank
  • Interim Period Security
Benefits

  • Lower interest rates
  • Lower Processing Fees
  • No Hidden Charges
  • Penalty Charges will not be levied in case of Pre Payment of Loan
  • Get higher interest concession for women borrowers
Eligibility

  • Minimum age of the applicant should be 18 years
  • Maximum age of the applicant should be 70 years
  • The applicant should be a resident Indian
  • Applicants can get extended loan tenure
Other Details

  • No processing fees
  • Get property insurance premium post sanction
  • Pre-sanction fee includes advocate’s fee for property search and investigating title report.
  • The pre-sanction fee also includes valuer’s fee for valuation report.
  • Home loan is available as overdraft
SBI NRI Home Loan 8.75%-9.50% Nil Maximum Rs 3 Crores 30 years
Details
Documents Required

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Address proof which mentions current overseas address
  • Copy of Continuous Discharge Certificate (for those applicants who are employed in merchant navy)
  • PIO card issued by the Government of India
  • Attestation of documents may be done by representative offices or Indian Embassy or consulate or overseas notary public or sourcing outfits in India or Fos.

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate in case of ready to move property
  • Permission for Construction
  • Approved Plan Copy (Xerox Blueprint), Registered Development Agreement of the builder, Conveyance Deed (in case of new property)
  • Payment Receipts or Bank A/C statement showing payments made to Seller/Builder

Account Statement

  • Bank Account Statements for the last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant

  • Valid work permit letter
  • The employment contract of the applicant – an English translation duly attested by the consulate or employer or its foreign office or embassy if the contract is prepared in any other language
  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor/ Co-Applicant

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Profit and Loss A/C and Balance Sheet for the last 2 years
  • Individual tax return except for non-resident Indians /PIO who are located in Middle East countries
  • Bank statement of overseas bank accounts for the last 6 months.
Benefits

  • No Hidden Charges
  • Loan tenure is spread over a period of 30 years
  • Pre Payment Penalty Charges are not levied
  • Processing Fee is less
  • Women borrowers will get interest concessions
Eligibility

  • The minimum age of the applicant should be 18 years
  • The maximum age of the applicant should be 60 years
  • The residential status of the applicant can be either Non-Resident Indians or Persons of Indian Origin
Other Details

  • No Processing fee
  • The applicant has to bear property insurance premium
  • This home loan is exclusively meant for non-resident Indians.
  • The applicant has to pay stamp duty loan agreement and mortgage.
SBI Flexipay Home Loan 8.75%-9.15%, fixed and flexible 0 Maximum above Rs 75 Lakhs up to 30 years
Details
Documents Required

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate in case of ready to move property
  • Permission for Construction
  • Approved Plan Copy (Xerox Blueprint), Registered Development Agreement of the builder, Conveyance Deed (in case of new property)
  • Payment Receipts or Bank A/C statement showing payments made to Seller/Builder

Account Statement

  • Bank Account Statements for the last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant

  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor/ Co-Applicant

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Profit and Loss A/C and Balance Sheet for the last 3 years
  • Business License Details
  • TDS certificate (Form 16A)
  • In the case of Chartered Accounts/ Doctor/ Other Professions Certificate of Qualification.
Benefits

  • Low processing fee
  • Get lower interest rates on home loans
  • Applicants can get a 20% higher home loan on fulfilling certain eligibility criteria
  • Get interest concession for women borrowers
Eligibility

  • Minimum age of the applicant should be 18 years
  • Maximum age of the applicant should be 70 years
  • The applicant should be a resident Indian
Other Details

  • No processing fees
  • Get property insurance premium post sanction
SBI Privilege Home Loan 8.75% - 9.15%, floating 0 Maximum of up to Rs 50 crores up to 30 years
Details
Documents Required

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate in case of ready to move property
  • Permission for Construction
  • Approved Plan Copy (Xerox Blueprint), Registered Development Agreement of the builder, Conveyance Deed (in case of new property)
  • Payment Receipts or Bank A/C statement showing payments made to Seller/Builder

Account Statement

  • Bank Account Statements for the last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant

  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor/ Co-Applicant

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Profit and Loss A/C and Balance Sheet for the last 3 years
  • Business License Details
  • TDS certificate (Form 16A)
  • In the case of Chartered Accounts/ Doctor/ Other Professions Certificate of Qualification.
Benefits

  • Loan amount can be repaid over a period of 30 years
  • Women borrowers will get interest rate concession
  • No Pre Payment Charges
  • Processing Fee is Nil
  • Lower interest rates on home loans
  • No Hidden Charges
Eligibility

  • The applicant should be resident Indian
  • The minimum age of the applicant should be 18 years
  • The maximum age of the applicant should be 75 years
  • The tenure of the loan is spread over 30 years
Other Details

  • Processing Fee is zero on home loan
  • This home loan is for those individuals who are working in the government sector which includes PSBs, PSUs of Central government
  • The applicants have to pay CERSAI Registration Fee of Rs 50 + applicable GST charges (in case of up to Rs 5 lakh limit) and Rs 100 + applicable GST charges (in case of above Rs 5 lakh limit)
SBI Shaurya Home Loan 8.75% - 9.15% 0 Max Rs 50 Crores up to 30 years
Details
Documents Required

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate in case of ready to move property
  • Permission for Construction
  • Approved Plan Copy (Xerox Blueprint), Registered Development Agreement of the builder, Conveyance Deed (in case of new property)
  • Payment Receipts or Bank A/C statement showing payments made to Seller/Builder

Account Statement

  • Bank Account Statements for the last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant  

  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor/ Co-Applicant

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Profit and Loss A/C and Balance Sheet for the last 3 years
  • Business License Details
  • TDS certificate (Form 16A)
  • In the case of Chartered Accounts/ Doctor/ Other Professions Certificate of Qualification.
Benefits

  • The loan amount can be repaid over a period of 30 years
  • Women borrowers will get interest rate concession
  • No Pre Payment Charges
  • Processing Fee is Nil
  • Lower interest rates on home loans
  • No Hidden Charges
Eligibility

  • The applicant should be a resident Indian
  • The minimum age of the applicant should be 18 years
  • The maximum age of the applicant should be less than 75 years
  • The tenure for repayment of the loan is spread across 30 years
Other Details

  • The scheme is dedicated especially to our Army and Defence Personnel of the nation.
  • The interest rates for women borrowers is relatively less when compared with their male counterparts.
  • CERSAI Registration Fee is Rs 50 + applicable GST charges (for up to Rs 5 lakh limit) and Rs 100 + applicable GST charges (for limits which are above Rs 5 lakh)
SBI Pre – Approved Home Loan 8.75% - 9.50% Rs 2000 - Rs 10000 (plus applicable taxes) Max Rs 3 Crores up to 30 years
Details
Documents Required

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate in case of ready to move property
  • Permission for Construction
  • Approved Plan Copy (Xerox Blueprint), Registered Development Agreement of the builder, Conveyance Deed (in case of new property)
  • Payment Receipts or Bank A/C statement showing payments made to Seller/Builder

Account Statement

  • Bank Account Statements for the last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant

  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor/ Co-Applicant

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Profit and Loss A/C and Balance Sheet for the last 3 years
  • Business License Details
  • TDS certificate (Form 16A)
  • In the case of Chartered Accounts/ Doctor/ Other Professions Certificate of Qualification.
Benefits

  • The loan amount can be repaid over a period of 30 years
  • Women borrowers will get interest rate concession
  • No Pre Payment Charges
  • Processing Fee is Low
  • Lower interest rates on home loans
  • No Hidden Charges
Eligibility

  • The applicant should be a resident Indian
  • The minimum age of the applicant should be 18 years
  • The maximum age of the applicant should be less than 70 years
  • The tenure for repayment of the loan is spread across 30 years
Other Details

  • The interest rates for women borrowers is relatively less when compared with their male counterparts.
  • The processing fee is 0.35% of the loan amount
  • The minimum processing fee is Rs 2000 and the maximum amount is Rs 10,000 (plus applicable taxes).
SBI Realty Home Loan 9.25% - 9.55% Min Rs 2000 - Max Rs 10000 (plus applicable taxes) Max Rs 15 Crores 10 years
Details
Documents Required

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Account Statement

  • Bank Account Statements for the last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.
  • Signature Identification from present bankers
  • Statement of Personal Assets and Liabilities

For Guarantor

  • Proof of Identification
  • Proof of Residence
  • Personal Assets and Liabilities Statement
  • Recent passport size photographs (2 photos)
  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Proof of Business Address (if any)
  • Signature Identification from present bankers
Benefits

  • Low Processing Fees
  • No Prepayment penalty charges
  • Zero hidden charges
  • Attractive Interest Rates
  • More interest concession for women borrowers
Eligibility

  • The borrower should be an Indian resident
  • The minimum age of the individual should be 18 years
  • The maximum age of the individual should be 65 years
Other Details

  • Individuals who aspire to purchase a plot for construction of a dwelling unit can avail Realty Home Loan
  • Processing fees stands at 0.35% of the loan amount
  • The minimum processing fee is Rs 2000
  • The maximum processing fee is Rs 10000
  • The tenure of the loan is spread over 10 years
SBI Home Top Up Loan 9.00% - 10.45% 0 Above Rs 2 Crore 30 years
Details
Documents Required

  • Identity Card of Employer
  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

Property Papers

  • Registered Agreement for sale (only in the state of Maharashtra)/ Stamped Agreement for sale/ Allotment Letter
  • Share Certificate (only in the state of Maharashtra), Property Tax Receipt, Electricity Bill, Maintenance Bill
  • Occupancy Certificate in case of ready to move property
  • Permission for Construction
  • Approved Plan Copy (Xerox Blueprint), Registered Development Agreement of the builder, Conveyance Deed (in case of new property)
  • Payment Receipts or Bank A/C statement showing payments made to Seller/Builder

Account Statement

  • Bank Account Statements for the last 6 months from all the bank accounts held by the applicant.
  • If the borrower has taken a loan from any other bank/lenders, then Loan A/C statement for the last 1 year has to be submitted.

Income Proof for Salaried Applicant/ Guarantor/ Co-Applicant

  • Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • Copy of Form 16 for the last 2 years or a copy of IT Returns for the last 2 financial years which is acknowledged by the IT Department.

Income Proof of Non- Salaried Applicant/ Guarantor

  • Income Tax returns for the last 3 years
  • Business Address Proof
  • Proof of Identification
  • Proof of Residence
  • Personal Assets and Liabilities Statement
  • Profit and Loss A/C and Balance Sheet for the last 3 years
  • Business License Details
  • TDS certificate (Form 16A)
  • In the case of Chartered Accounts/ Doctor/ Other Professions Certificate of Qualification.
Benefits

  • Zero hidden charges
  • Low Processing Fees
  • Home loan is available as an overdraft
  • Tenure of the loan is spread over 30 years
  • Attractive Interest Rates
  • No Prepayment penalty charges
Eligibility

  • The applicant should be a resident Indian and Non-Resident Indian
  • The minimum age of the applicant should be 18 years.
  • The maximum age of the applicant should be 70 years.
Other Details

  • This loan is available for those SBI customers who prefer to borrow over and above their existing home loan amount.
  • The Home Top-Up Loans comes in handy for those who require more funding for house construction or for the purchase of a home.
  • Maximum loan amount available stands at above Rs 2 crores.
  • Interest rate varies for salaried individuals and for non – salaried individuals.
SBI Bridge Home Loan 10.70% - 11.70% 0.35% of the loan amount up to maximum of Rs 2 crores up to 2 years
Details
Documents Required

  • Identity Card of the candidate.
  • Proof of Identity( ANYONE)- PAN/PASSPORT/ VOTER ID CARD
  • Proof of Address/Residence- Recent copy of(ANYONE):- Electricity Bill, Gas Bill, Telephone Bill/Aadhar card., Pan card, Passport.
  • Loan application: Completed loan application form duly filled in and affixed with 3 recent passport size photographs.

Property Papers

  • Agreement for sale to be registered(Only in Maharashtra)/Approved agreement for sale/Allocation letter.
  • Occupancy Certificate(In case of ready to change the property).
  • Permission for construction(where applicable)
  • Authorized plan copy(Xerox Blueprint) & Registered Development agreement of the builder/Conveyance deed for a new property.
  • Payment receipts of Bank account showing all the payments made to the builder/seller.
  • Share certificate(Only for Maharashtra), property tax receipt, Electricity Bill, Maintenance Bill.

Account Statements

  • Bank account statements for last 6 months for all the accounts held by the candidate.
  • If any loan is taken earlier from other banks than loan account statement of last 1 year.

Income Proof of Salaried Applicants/Co-Applicants/Guarantor

  • Payroll slip or salary certificate of last 3 months.
  • Copy of Form 16 for last 2 years or copy of IT Returns of last 2 financial years acknowledged by IT department.

Income Proof of Non-Salaried Applicant/Guarantor

  • TDS certificate (Form 16A if applicable)
  • IT returns for the last 3 years.
  • Balance sheet/Profit or loss account of last 3 years.
  • Business address proof.
  • Details of Business license.
  • Qualification certificates(if CA, Doctor or other)
Benefits

  • No hidden charges.
  • No Pre-Payment dues.
  • Low-interest rates.
  • Processing cost is low.
  • Repayment of up to 2 years.
  • Charges of interest on daily reducing balance.
Eligibility

  • Minimum age of the candidate should be 18 years.
  • Maximum age of the candidate should be 70 years.
  • The applicant should be a resident Indian.
  • Loan ownership of up to 2 years.
Other Details

  • This loan comes in handy when homeowners are aspiring to upgrade their homes to bigger ones or at better locations by selling their existing ones.
  • The SBI Bridge Home Loan helps the customers when they face short term liquidity mismatch due to the time lag between the sale of existing property and purchase of a new property.

Pre-Sanction Expenses

  • Valuer's fee for the valuation report.
  • Advocate's fee for title investigation and property search report.

Post-Sanction Expenses

  • CERSAI Registration fees+ applicable GST fees
  • Property insurance premium
  • Stamp duty payable for loan agreement and mortgage.
SBI Insta Top - Up Home Loan 9.25% 2000 + applicable service tax min of Rs 1,00,000 - maximum of Rs 5,00,000 up to 5 years
Details
Documents Required

  • The loan is made available for pre-selected existing SBI home loan customers via online banking platform and hence no documents are required.
Benefits

  • Low processing fees
  • No documents required.
  • No Hidden charges.
  • The loan is for existing SBI customers and hence there will be no manual intervention in terms of document verification and other processes
  • The loan is availed to pre-selected Home loan customers over internet banking.
  • A top-up loan is available online.
Eligibility

  • Applicants age limit should be 18-70 years
  • The applicant should be the existing SBI home loan customer
  • The applicant should have a satisfactory track record of a minimum of 3 years or more with the existing SBI Home Loan.
  • The score of CIBIL should be 550 or more.
  • No Insta Top Up Loans or any other Home Top Up have to be active.
  • Existing home loan applicants with a minimum home loan limit of Rs 20 lacs with internet banking facility are eligible.
Other Details

  • The selected customers process their loan request and setting of standing instruction and disbursement of loan for repayments of EMIs.
  • Quantum of loan amounts of a minimum of Rs 1,00,000 and maximum of Rs 5,00,000.
  • Processing fee is Rs 2000 plus applicable service tax.
  • Interest rate remains fixed irrespective of risk grades, gender and occupation.
SBI Smart Home Top-Up Loan 9.25% - 10.25% Rs 2000 + applicable GST charges up to Rs 5,00,000 up to 20 years
Details
Documents Required

  • No documents required. 
Benefits

  • Repayment for up to 20 years.
  • No pre-payment charges.
  • No hidden charges
  • Quick processing of the loan
  • Documents not required
  • The processing fee is low.
  • Home loan available as an overdraft facility also.
Eligibility

  • Minimum age of the candidate should be 18 years.
  • Maximum age of the candidate should be 70 years.
  • The applicant must be a resident Indian or NRI
  • The CIBIL score of the applicant should be 550 or more
  • The applicant should have a satisfactory repayment track record of 1 year or more post moratorium period
  • The applicant should not have any other Home Top-Up Loan or Insta Home Top-Up Loan at the time of applying for Smart Home Top-Up Loan.
Other Details

  • It is a general-purpose loan offered by the bank to meet the expenses of the applicant like education, marriage, health care etc.
  • Processing fee is Rs 2000 + applicable GST charges
  • Tenure of loan repayment is 20 years
  • Processing fee will be recovered from loan amount at the time of disbursement of loan amount.
SBI Corporate Home Loan 9.10% - 10.85% 0.50% of loan amount + applicable GST charges As per requirements up to 33 years or until borrower turns 70 years
Details
Documents Required

  • Available documents of SME(Small and medium enterprise)
  • Available documents of C&I loans.(Commercial and Industrial loan)
Benefits

  • Zero hidden charges.
  • Low processing fees.
  • Low share rates.
Eligibility

FOR CORPORATE APPLICANTS

  • CRA of SB-8 & better for both existing and new customer of SME/C&I. CTRA will arrive on the basis of the latest audited balance sheet.
  • Must be in the line of business for at least 3 years.
  • Must have earned an uninterrupted net profit in the last 3 years.
  • Must be the existing borrower or a debt available company.
  • Must have a total exposure of Rs 10 crore and above for ECR and BBB.
  • Existing loan amount of the company(if any) should be regular and standard. And also not have been restructured in the last 3 years.

SUBSIDIARY OF CORPORATE APPLICANTS/SPV ARE ALSO ELIGIBLE FOR AVAILING LOAN UNDER THE SAME SCHEME PROVIDED

  • The parent company must stand as a Guarantor for the home loan.
  • The parent company must give the undertaking to serve the home loan in addition to guaranteed the loan in case of cash flow of the SPV/Subsidiary is sufficient to repay the EMIs.
  • The parent company must fulfill the above mentioned eligibility norms.
Other Details

  • Corporate home loan is applicable for both Public & Private Ltd companies for construction of Residential units in the identity of the company which is used by their Directors/Promoters & Employees.
SBI Earnest Money Deposit 11.65% 0.50% of loan amount up to Rs 15 lakhs for DSP/CSP Account Holders, for others up to Rs 10 lakhs up to 12 months
Details
Documents Required

  • Self-attested Aadhar Card or PAN Card copy is mandatory.
  • Proof of Identity(Any One): Voter Id Card, PAN, Passport, Driving License.
  • Proof of Address/Residence: Receipt Copy of Telephone Bill, Electricity Bill,Water Bill, Gas Piped Bill.

INCOME PROOF FOR SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • Copy of Form 16 for last 2 years or copy of IT returns for the last 2 financial years acknowledged by IT department.
  • Salary slip or Salary certificate for last 3 months.

INCOME PROOF FOR NON-SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • TDS Certificate(Form 16A if applicable)
  • Certificate of eligibility (For C.A, Doctor and other professionals)
  • IT returns for last 3 years.
  • Business license details (or equivalent)
  • Profit & Loss account and Balance Sheet for the last 3 years.
Benefits

  • Zero hidden charges.
  • Low processing fees.
  • Low share rates.
  • Zero pre-payment penalty.
  • No minimum income criterion
  • Short term loans up to 100% application money.
Eligibility

  • Minimum age 21 years.
  • Loan tenure in case of successful allotment lump sum repayment should be made.
  • Resident Type: Indian
Other Details

  • The applicants who are looking for earnest money for booking of Residential plots/Build-up houses which are sold by Government Housing agencies like urban development authorities lie PUDA, HUDA.
  • This scheme was specifically designed for them keeping in mind of the financial needs.
SBI Loan Against Property 10.00% - 10.85% 1% of loan amount + service tax maximum of up to Rs 7.50 crores up to 15 years
Details
Documents Required

  • Proof of Identity(Any One): PAN, Passport, Driving License, Voter ID Card.
  • Proof of Address/Residence(Any One): Copy of Passport/Driving License/Aadhar Card or Recent copy of Telephone Bill, Electricity Bill, Water Bill, Piped Gas Bill.
  • Employer Identity Card.
  • Completed loan application form required duly filled in affixed with 3 recent passport size photographs.

INCOME PROOF FOR SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • Copy of IT returns for the last 2 financial years, acknowledged by the IT department or Copy of Form 16 for last 2 years.
  • Salary certificate for the last 3 months or Salary slip.

INCOME PROOF FOR NON SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • TDS certificate(Form 16A if applicable)
  • IT returns for last 3 years.
  • Business license details(or equivalent)
  • Profit & loss A/C for the last 3 years and Balance sheet
  • Business address proof
  • Certificate of eligibility(For Doctor, CA and other professionals)

PROPERTY PAPERS

  • Occupancy certificate(If ready to move property).
  • Approved plan copy(Xerox Blueprint) & Certified development agreement of the builder, conveyance deed(For new property).
  • Share certificate(Only for Maharashtra), Property tax receipt, Maintenance Bill, Electricity Bill.
  • Certified agreement for sale( Only for Maharashtra)/Allotment letter/Stamped agreement for sale.
  • Bank A/C statement or Bank receipt showing all the payments made to Seller/Builder.
  • Permission for construction.

ACCOUNT STATEMENT

  • Loan account statement for last 1 year if any previous loan made from other Banks/Lenders.
  • Bank account statement of last 6 months for all the bank accounts made by the applicant.
Benefits

  • No prepayment penalty.
  • Zero hidden charges.
  • Low interest rates.
  • Low processing fees.
  • Share on daily reducing balance.
Eligibility

  • Minimum age should be 18 years.
  • Maximum age should be 70 years.
  • Resident type- Must be an Indian.
Other Details

  • Applicant avail this loan against property for fulfilling their personal requirements such as Marriage, Education, Health Care etc.
  • This should be noted because loans under SBI LAP will not be approved for Business Purposes.
SBI Tribal Plus Home Loan 8.65% 0.35% of the loan amount plus service tax maximum of up to Rs 10 lakhs up to 15 years
Details
Documents Required

  • Proof of Address/Residence(Any One): Copy of Passport, Driving License, Aadhar Card or Recent copy of Telephone Bill, Electricity Bill, Water Bill, Piped Gas Bill.
  • Proof of Identity(Any One): Voter Id Card, PAN, Passport, Driving License.
  • Employer Id Card.
  • Loan application: Completed loan application form duly filled in affixed with 3 passport size photographs.

 
PROPERTY PAPERS

  • Occupancy certificate(If ready to move property).
  • Share certificate(only for Maharashtra), Maintenance Bill, Property Tax Receipt, Electricity Bill.
  • Bank A/C statement or Payments Receipts showing all the payments made to the builder/seller.
  • Approved Plan Copy(Xerox Blueprint) & Registered Development Agreement of the builder, conveyance deed(For new property).
  • Permission of construction(where applicable)
  • Registered agreement for sale(only for Maharashtra)/Allotment Letter/Stamped agreement for sale.

 INCOME PROOF FOR SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • Copy of Form 16 for last 2 years or copy of IT returns for the last 2 financial years acknowledged by IT department.
  • Salary slip or Salary certificate for last 3 months.


INCOME PROOF FOR NON SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • TDS Certificate(Form 16A if applicable)
  • Certificate of eligibility (For C.A, Doctor and other professionals)
  • Business address proof
  • IT returns for last 3 years.
  • Business license details (or equivalent)
  • Profit & Loss account and Balance Sheet for the last 3 years.

 ACCOUNT STATEMENT

  • Loan A/C statement for last 6 months of all Bank accounts made by the applicant.
  • Loan account statement of last 1 year if any previous loan made from other Banks/Lender.
Benefits

  • Zero hidden charges.
  • Low processing fees.
  • Low share rates.
  • Zero pre-payment penalty.
  • No mortgage of land.
  • Loan given against third party guarantee.
  • Home loans for people residing in Tribal or Hilly areas.
  • Share charges on daily reducing balance.
  • Share concession for women borrowers.
Eligibility

  • Minimum age 21 years.
  • Maximum age 60 years.
  • Resident Type: Indian
  • Maximum Loan amount Rs 10 lakhs.
Other Details

  • -This loan can be availed for the purpose of buying or construction of a new house/flat (without mortgage or land) of an existing old home/flat which should not be more than 10 years old.
  • This loan is available at all the SBI Branches.
SBI Commercial Real Estate Home Loan A premium of 50 bps over and above the interest rate applicable to Home Loan (TL/Maxgain) will be charged. 0.35% of the loan amount plus applicable service tax As per requirements up to 30 years
Details
Documents Required

  • Proof of Address/Residence(Any One): Copy of Passport, Driving License, Aadhar Card or Recent copy of Telephone Bill, Electricity Bill, Water Bill, Piped Gas Bill.
  • Proof of Identity(Any One): Voter Id Card, PAN, Passport, Driving License.
  • Employer Id Card.
  • Loan application: Completed loan application form duly filled in affixed with 3 passport size photographs.

 PROPERTY PAPERS

  • Occupancy certificate(If ready to move property).
  • Share certificate(only for Maharashtra), Maintenance Bill, Property Tax Receipt, Electricity Bill.
  • Bank A/C statement or Payments Receipts showing all the payments made to the builder/seller.
  • Approved Plan Copy(Xerox Blueprint) & Registered Development Agreement of the builder, conveyance deed(For new property).
  • Permission of construction(where applicable)
  • Registered agreement for sale(only for Maharashtra)/Allotment Letter/Stamped agreement for sale.

INCOME PROOF FOR SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • Copy of Form 16 for last 2 years or copy of IT returns for the last 2 financial years acknowledged by IT department.
  • Salary slip or Salary certificate for last 3 months.

 INCOME PROOF FOR NON SALARIED APPLICANT/CO-APPLICANT/GUARANTOR

  • TDS Certificate(Form 16A if applicable)
  • Certificate of eligibility (For C.A, Doctor and other professionals)
  • Business address proof
  • IT returns for last 3 years.
  • Business license details (or equivalent)
  • Profit & Loss account and Balance Sheet for the last 3 years.

ACCOUNT STATEMENT

  • A/C statement of last 6 months for all Bank accounts made by the applicant.
  • Loan account statement of last 1 year if any previous loan made from other Banks/Lender.
Benefits

  • Zero hidden charges.
  • Low processing fees.
  • Low share rates.
  • No pre-payment penalty.
  • Share concession for women borrowers.
  • Home loan available as an overdraft.
  • Share on daily reducing balance.
Eligibility

  • Minimum age 18 years.
  • Maximum age 70 years.
  • Resident Type: Indian
Other Details

  • This loan is for those individuals who own more than two houses and planning funding for buying their next house. Under CRE home loans the maximum number of houses/flats/residential plots is restricted to 3.
  • The maximum number of home loans in the name of an individual including the existing loans and the planned one is restricted to 5 home loans(excluding closed accounts).
SBI Home Loan For Non Salaried(Differential Offerings) Up to 9.40% 0.35% of the loan amount+available service tax 50 Crores Up to 30 years
Details
Documents Required

  • Proof of Address/Residence(Any One)-Copy of Aadhar CardDriving License, Passport or Recent copy of Telephone Bill, Electricity Bill, Piped Gas Bill.
    Proof of Identity-Voter Id Card, Driving License, PAN, Passport.
  • Completed loan application form duly filled in affixed with 3 passport size photographs.
  • Loan A/C statement require of last 1 year. If any previous loan from other banks/lender.
  • Bank A/C statements of last 6 months for all the bank accounts held by the applicant.
  • PROPERTY PAPERS:-
  • Bank A/C statement/Receipt of payments showing all the payments made to builder/seller.
  • Occupancy certificate(If ready to move property).
  • Permission of construction(where applicable).
  • Allotment letter/Stamped agreement for sale or Registered agreement for sale(Only for Maharashtra)
  • Approved plan copy(Xerox Blueprint) & Registered development agreement of the builder, conveyance deed(For new property)
  • Maintenance BillElectricity BillProperty Tax Receipt /Share Certificate(Only for Maharashtra).
Benefits

  • Zero hidden charges.
  • Low processing fees.
  • Low-interest rate
  • Home loan products suit every customer need.
  • Share charges on Daily Reducing Balance.
Eligibility

  • Minimum age 18 years.
  • If the applicant is Proprietor of Proprietorship firm or is in one of the partners in a Partnership firm or is one of the Directors in a company:-
  • Must have earned a net profit in the last 2 tears.
  • Should be in identity in the last 3 years.
  • Wherever the proposed house property is required in joint names of the Proprietor and the Proprietary firm, the firm should be our existing borrower or a debt available individual
  • Existing credit facilities if someone is regular and standard. Opinion report in this regard will be obtained from the existing customers.
  • Loan amount minimum Rs 50,000/ & Maximum Rs 50 crores.
Other Details

  • SBI has come with a new home loan product. This Home Loan is specifically designed only for Non-Salaried Individuals offering the best possible home loan value to the customers.
  • This loan is required for the purpose of construction/acquisition of residential house or repair or renovation of the existing house.
  • As per the SBI Press release, SBI alleges that the applicants can get up to 15% higher for this loan scheme.
  • SBI has come into an agreement with India Mortgage Guarantee Corporation(IMGC) to cover home loans under this scheme but maintaining a condition that the applicant will have to bear the cost of this home loan scheme.
  • Processing fee: 0.35% plus service tax, Minimum of Rs 2000/- plus service tax and Maximum of Rs 10,000/-
  • Pre-Sanction:-
  • Valuer's fee for the valuation report.
  • Advocates fee for property search and title investigation report.
  • Post-Sanction:-
  • Property insurance premium.
  • CERSAI Registration fee of Rs 50+GST
  • Stamp duty payable for loan agreement and mortgage.
SBI Reverse Mortgage Loan 10.55% onwards 0.50% of the loan amount Up to 1 Crore 10-15 years depends on the age of borrower
Details
Documents Required

  • Proof of Address/Residence(Any One): Copy of Passport, Driving License, Aadhar Card or Recent copy of Telephone Bill, Electricity Bill, Water Bill, Piped Gas Bill.
  • Proof of Identity(Any One): Voter Id Card, PAN, Passport, Driving License.
  • Employer Id Card.
  • Loan application: Completed loan application form duly filled in affixed with 3 passport size photographs.
  • PROPERTY PAPERS:-
  • Occupancy certificate(If ready to move property).
  • Share certificate(only for Maharashtra), Maintenance Bill, Property Tax Receipt, Electricity Bill.
  • Bank A/C statement or Payments Receipts showing all the payments made to builder/seller.
  • Approved Plan Copy(Xerox Blueprint) & Registered Development Agreement of the builder, conveyance deed(For new property).
  • Permission of construction(where applicable)
  • Registered agreement for sale(only for Maharashtra)/Allotment Letter/Stamped agreement for sale.
  • INCOME PROOF FOR SALARIED APPLICANT/CO-APPLICANT/GUARANTOR:-
  • Copy of Form 16 for last 2 years or copy of IT returns for the last 2 financial years acknowledged by IT department.
  • Salary slip or Salary certificate for last 3 months.
  • INCOME PROOF FOR NON-SALARIED APPLICANT/CO-APPLICANT/GUARANTOR:-
  • TDS Certificate(Form 16A if applicable)
  • Certificate of eligibility (For C.A, Doctor and other professionals)
  • Business address proof
  • IT returns for last 3 years.
  • Business license details (or equivalent)
  • Profit & Loss account and Balance Sheet for the last 3 years.
  • ACCOUNT STATEMENT:-
  • A/C statement for last 6 months of all Bank accounts made by the applicant.
  • Loan account statement of last 1 year if any previous loan made from other Banks/Lender.
Benefits

  • Zero hidden charges.
  • Low processing fees.
  • Low interest rates.
  • Zero pre-payment penalty.
  • The loan can be given jointly if the spouse is alive.
Eligibility

  • Minimum age 60 years if the borrower is single. In the case of a joint account, spouse age should be more than 58 years.
  • Resident Type: Indian
  • Minimum Loan amount Rs 3 lakhs & Maximum loan amount Rs 1 crore.
  • The property must be minimum 20 years old
  • Property should be the permanent existing residence of the borrower.
Other Details

  • Senior citizens of India who have a self-occupied home in India this loan provides an additional source of income to them.
  • This loan is helpful for them who do not have a good income to support themselves.
  • The Bank made payments to borrower/borrowers against mortgage of his/their existing home property.
  • This loan can also be used as personal expenses. It can be secured by the way of reasonable mortgage of the residential property.
  • The borrower receives money in instalments which are paid full between the tenure period.
  • Under SBI reverse mortgage scheme an applicant can avail of the payments in a combination of periodical, lump sum or in the form of a committed credit line.
  • The loan amount cannot be used for business or trading purposes

Q: What is the list of documents required to avail the home loan in SBI?

A: The following are the list of documents required to avail the home loan in SBI

  • Employer Identity Card
  • Proof of Identity
  • Proof of Residence
  • Property documents
  • Bank account statement for the last 6 months
  • Income Proof for Salaried Applicant: salary pay slips of the last three months
  • Income Proof for Non-Salaried Applicant: Business proof, Profit and Loss Account, Balance Sheet of the firm and IT returns from last 3 years

Q: What is the processing charges in SBI home loan?

A: SBI charges a very nominal amount for its home loan as processing fee and it will be up to 0.35% of the loan amount. The maximum processing fee can be up to Rs 11,500/-.

Q: Which is a better form of a loan - short term loan or long term loan?

A: This totally depends on the borrower's financial status. If your monthly income is low then you must opt for a long-term loan as it gives beneficial with lower EMI. If your Monthly income is Higher then go for the Short-term loan option. However, short-term loan means higher EMIs but lesser interest rates.

Q: What are the Benefits in SBI home loan?

A: The attracted features of SBI are listed below:

  • Low interest rates
  • Low processing fee
  • No hidden charges
  • Interest charges on Daily Reducing Balance
  • No Pre Payment Penalty
  • More Interest Concession for Women Borrowers
  • Repayment tenure spread up to 30 years

Q: Can I clear my SBI home loan earlier than the initial tenure?

A: Yes. You can clear your SBI home loan earlier too, without any pre-payment penalty charges.

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