Apply SBI Realty Home Loan

  • Loan ID : N05
  • 27
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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 Realty Home Loan Features

  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Repayment up to 10 years
  • Interest Concession for Women Borrowers

SBI Realty Home Loan Eligibility

  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Tenure: up to 10 years.

SBI Realty Home Loan Interest Rates & Fees

Category

Home Loan (Term Loan)*

Upto Rs.75 lakhsAbove Rs.75 lakhs
Salaried
Women
8.70% p.a8.75% p.a
Others
8.75% p.a8.80% p.a
Businessman & Professional
Women
8.90% p.a8.95% p.a
Others
8.95% p.a9.00% p.a

*Interest rate range indicates that rates will vary as per the risk score of the customer

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 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 Realty Home Loan 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

Processing Fee

Click here to view the Processing Fee

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