SBI Home Loan Scheme

SBI Home Loan

SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of State Bank of India.

SBI Home Loans Unique Advantage

• Low Processing Charges
• Package of exclusive benefits.
• Low interest rates. Further, we charge interest on a daily reducing balance!!
• No hidden costs or administrative charges.
• No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
• Over 15,969 branches nationwide, you can get your Home Loan account parked at a branch nearest to your present or proposed residence.
• State Bank Rewardz for Home Loan

 HOME LOANS - INTEREST RATES With effect from 01.08.2016

(MCLR: 9.10%)     

Borrower's Category	Home Loan interest rate, irrespective of loan limit	EMI per, Lac for 30 year Tenor	Maxgain above Rs. 20 lacs & upto Rs. 1 crore	Maxgain above Rs. 1 crore	CRE Maxgain, irrespective of loan limit
Women	20 bps above the MCLR i.e. 9.30% p.a.	Rs. 827	30 bps above the MCLR i.e. 9.40% p.a.	55 bps above the MCLR i.e. 9.65% p.a.	75 bps above the MCLR i.e. 9.85% p.a.
Others	25 bps above the MCLR i.e. 9.35% p.a.	Rs. 830	35 bps above the MCLR i.e. 9.45% p.a.	60 bps above the MCLR i.e. 9.70% p.a.	80 bps above the MCLR i.e. 9.90% p.a.

Woman should be the sole applicant or one of the co-applicants for Home Loan, and also.
The woman should be the sole owner or one of the co-owners of the property proposed to be financed by the Bank.

List of Documents Required :

List of papers/ documents applicable to all applicants:

• Completed loan application
• 3 Passport size photographs
• Proof of identify (photo copies of Voters ID card/ Passport/ Driving
• licence/ IT PAN card)
• Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/
• Property tax receipt/ Passport/ Voters ID card)
• Proof of business address for non-salaried individuals
• Statement of Bank Account/ Pass Book for last six months
• Signature identification from present bankers
• Personal Assets and Liabilities statement

For guarantor (wherever applicable):

• Personal Assets and Liabilities Statement
• 2 passport size photographs
• Proof of identification as above
• Proof of residence as above
• Proof of business address as above
• Signature identification from his/her present bankers

Additional documents required for salaried persons :

• Original Salary Certificate from employer
• TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.

Additional documents required for Professionals/self- employed/ other IT assesses:

• Acknowledged copies of three years I.T. returns/ Assessment Orders.
• Photocopies of challans evidencing payment of Advance Income Tax.

Source : SBI
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