• Resident type: Resident Indian
• Minimum Age: 18 years
• Maximum Age: 70 years
• Loan Tenure: up to 2 years.
• Loan Amount: Minimum Rs. 20 lakhs and Maximum Rs. 2 crores

SBI Bridge Home Loan Interest Rates & Fees

Fees

• Processing Fee*
  1. 0.35% of the loan amount.
  2. Minimum: Rs. 2,000/-
  3. Maximum: Rs. 10,000/-

*Plus applicable taxes

• Pre-sanction**
  1. Advocate's fee for property search and the title investigation report.
  2. Valuer's fee for valuation report.

• Post-sanction**
  1. Stamp duty payable for Loan agreement & mortgage.
  2. Property insurance premium.
  3. CERSAI Registration Fee of Rs 50 + service tax up to Rs 5 lakh limit and Rs 100 +service tax for limits above Rs 5 lakh

** To be paid at actuals.

SBI Bridge Home Loan Documents Required

List of papers/ documents applicable to all applicants:

• Loan Application: Completed loan application form duly filled in and affixed with 3 Passport size photographs
• Proof of Identity (Any one): PAN/ Passport/ Driver’s 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)
• Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/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) & Registered Development agreement of the builder, Conveyance Deed (For New Property)
• Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

• Bank A/c. Statement (Individual) for last six months
• If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

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

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

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

• IT returns for last 3 years
• 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)

Processing Fee

Click here to view the Processing Fee