Apply SBI Regular Home Loan

SBI Home Loans is the largest Mortgage Provider in the country. It has successfully helped over 30 Lakh families achieve their dream of owning a home.

"THE MOST PREFERRED HOME LOAN PROVIDER" voted in AWAAZ Consumer Awards along with the MOST PREFERRED BANK AWARD in a survey conducted by TV 18 in association with AC Nielsen-ORG Marg in 21 cities across India. SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of SBI. It includes options for purchase of ready built property, purchase of under construction property, purchase of pre-owned homes, construction of a house, extension of house and repair/renovation.

SBI Regular Home Loan Features

• Home Loan products to suit every customers need
• Low Interest Rates
• Low Processing Fee
• No Hidden Charges
• No Pre Payment Penalty
• Interest charges on Daily Reducing Balance
• Repayment up to 30 years
• Home Loan Available as Overdraft
• Interest Concession for Women Borrowers

SBI Regular Home Loan Eligibility

• Resident Type: Resident Indian
• Minimum Age: 18 years
• Maximum Age: 70 years
• Loan Tenure: up to 30 years.

SBI Regular Home Loan Interest Rates & Fees

*Interest rate 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 Regular Home Loan Documents Required

List of papers/ documents applicable to all applicants:

• Loan Application: Completed loan application form duly filled in 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 Applicant/ 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