It includes options for purchase of ready built property, purchase of under construction property, purchase of pre-owned homes, construction of house, extension of house and repair/ renovation.

Features

• Low interest rates
• Low processing fees (waived till 31.03.2022)
• No hidden charges and pre-payment penalty
• Repayment period upto 30 years
• Interest rates on Daily Reducing Balance
• Interest rate concession for women borrowers
• Actual expenses for Title Investigation Report (TIR) and Valuation are payable

Eligibility

• Loan for Resident Indian
• Minimum age: 18 years
• Maximum age: 70 years
• Loan Tenure upto 30 years
• Loan amount from Rs 20 lacs onwards and need based, subject to repayment capacity.
• Interest rates applicable upto 31.03.2022

Concessional Rate of Interest for Home Loan
Loan Bracket	CIBIL/ CIC Scoreth>	ROI Applicable
Up to Rs. 30 lacs	>=750	6.70 %
	< 750	Card rate
	>=750	6.70 %
Above Rs. 30 lacs	>=700 ~749	6.80 %
	New to Credit (-1)	6.90%
Minimum Floor Rate – 6.70 %	6.70%

Documents Required      

List of papers/ documents for all applicants:

• Employer Identity Card
• Completed Loan application in prescribed format with 3 passport size photographs
• Proof of Identity (Any one): PAN/ Passport/ Driving License/ Voter ID Card
• Proof of residence/ address (Any one): Recent copy of Telephone bill/ Electricity bill/ Water bill/ piped gas bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers:

• Permission for construction (where applicable)
• Allotment letter/ Stamped Agreement for sale
• Occupancy certificate (in case of ready to move property)
• Approved plan copy and Conveyance Deed (for new property)
• Payment Receipts or Bank statement showing all payments made to the Builder/ Seller
• Last 6 months Bank account statements for all Bank accounts held by the applicant(s)
• If any previous loan from other Banks/ Lenders is running, then Loan account statement for last one year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

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

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

• Business Address proof
• IT returns for last 3 months
• 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)

Balance transfer of existing Home Loan enables a customer to transfer home loan from Commercial Banks, Private and Foreign Banks, Housing Finance Companies registered with National Housing Bank (NHB), subject to the condition that the borrower should satisfy the eligibility criteria for availing Home loan as per the Bank’s (SBI) instructions and has serviced interest and/ or instalment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/ flat Features

• Low interest rates
• Low processing fees (waived till 31.03.2022)
• No hidden charges and pre-payment penalty
• Repayment period upto 30 years
• Interest rates on Daily Reducing Balance
• Interest rate concession for women borrowers
• Actual expenses for TIR and Valuation to be recovered

Eligibility

• Loan for Resident Indian
• Minimum age: 18 years
• Maximum age: 70 years
• Loan Tenure upto 30 years
• Loan amount from Rs 20 lacs onwards and need based, subject to repayment capacity
• Interest rates applicable upto 31.03.2022

Concessional Rate of Interest for Home Loan
Loan Bracket	CIBIL/ CIC Scoreth>	ROI Applicable
Up to Rs. 30 lacs	>=750	6.70 %
	< 750	Card rate
	>=750	6.70 %
Above Rs. 30 lacs	>=700 ~749	6.80 %
	New to Credit (-1)	6.90%
Minimum Floor Rate – 6.70 %	6.70%

Documents Required      

List of papers/ documents for all applicants:

• Employer Identity Card
• Completed Loan application in prescribed format with 3 passport size photographs
• Proof of Identity (Any one): PAN/ Passport/ Driving License/ Voter ID Card
• Proof of residence/ address (Any one): Recent copy of Telephone bill/ Electricity bill/ Water bill/ piped gas bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers:

• NOC from Builder/ Society
• Registered Agreement for sale
• Occupancy certificate (in case of ready to move in property)
• Chain of all old Agreements for sale
• Last 6 months Bank account statements for all Bank accounts held by the applicant(s)

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

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

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

• Business Address proof
• IT returns for last 3 months
• 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)

Documents from other Bank:

• List of original documents held at Bank
• Loan account statement for the past one year
• Sanction letter
• Interim period security

This loan 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 the date of loan sanction. The customer can also avail another Home Loan for construction of the house on plot financed under Reality scheme. Features

• Low interest rates
• No hidden charges and pre-payment penalty
• Repayment period upto 30 years
• Interest rates on Daily Reducing Balance
• Interest rate concession for women borrowers
• Actual expenses for TIR and Valuation to be recovered

Eligibility:

• Loan for Resident Indian
• Minimum age: 18 years
• Maximum age: 65 years
• Loan Tenure upto 10 years
• Loan amount from Rs 20 lacs onwards with maximum loan amount of Rs 15 crores, subject to eligibility
• Interest rates applicable upto 31.03.2022

Concessional Rate of Interest for Home Loan
Loan Bracket	CIBIL/ CIC Scoreth>	ROI Applicable
Up to Rs. 30 lacs	>=750	6.70 %
	< 750	Card rate
	>=750	6.70 %
Above Rs. 30 lacs	>=700 ~749	6.80 %
	New to Credit (-1)	6.90%
Minimum Floor Rate – 6.70 %	6.70%

Documents Required      

List of papers/ documents for all applicants:

• Employer Identity Card
• Completed Loan application in prescribed format with 3 passport size photographs
• Proof Identity (Any one): PAN/ Passport/ Driving License/ Voter ID Card
• Proof of residence/ address (Any one): Recent copy of Telephone bill/ Electricity bill/ Water bill/ piped gas bill or copy of Passport/ Driving License/ Aadhar Card
• Proof of business address for non-salaried individuals
• Statement of Bank account for last six months
• Signature identification from present bankers
• Personal Assets and Liabilities statement

For guarantor (where applicable):

• Personal Assets and Liabilities statement
• 2 passport size photographs
• Proof identification as above
• Proof of residence as above

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

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

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

• Business Address proof
• Acknowledged copies of IT returns for last 3 months
• Photocopies of challans evidencing payment of Advance Income Tax