State Bank of India

State Bank of India

Overview

"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 now offers Interest Rates concessions on GREEN HOMES in accordance with SBI's commitment to Environment protection. SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of State Bank of India.

 

Loan Feature

Loan Amount Up to 90%
Interest Rate 10.3% to 10.5% p.a. (depending upon the amount)
Tenure Maximum 30 years or up to the age of 70 years
Pre Payment Charges Nil
Service Charges

0.25% of the loan amount , minimum Rs.1000/- for less than 25 lacs. Above Rs.25 Lacs and upto Rs.75 Lacs is Rs.6500/-. Above 75 Lacs Rs.10000/-

Eligibility Criteria : Home Loan

  Salaried Self
Age 18 to 70 years 18 to 70 years
Income Availability of sufficient, regular and continuous source of income for servicing the loan repayment. Availability of sufficient, regular and continuous source of income for servicing the loan repayment.
Job Experience Job experience not provided Job experience not provided
Residence Proof Residence proof not provided Residence proof not provided

Docs Required : Home Loan

  Salaried Self
ID Proof PAN Card/ Voters ID/ Passport/ Driving License PAN Card/ Voters ID/ Passport/ Driving License
Address Proof Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID
DOB Proof 10th class certificate 10th class certificate
Financial Docs

• Completed application form
• Passport size photograph
• Proof of Identity - PAN Card/ Voters ID/ Passport/ Driving License
• Proof of Residence - Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID
• Statements (latest 3 months bank statement / 6 months bank passbook) and Signature identification from present bankers

 

• Proof of business address in respect of businessmen/ industrialists
• Sale Deed, Agreement of Sale, Letter of Allotment, Non encumbrance certificate, Land/ Building Tax paid receipt etc. (as applicable and subject to satisfaction report from our empanelled lawyer)
• Copy of approved plan and approval from the Local Body

• Statement of Bank Account/ Pass Book for last 6 months with Personal Assets and Liabilities statement and Proof of business address for non-salaried individuals.

Personal Assets and Liabilities statement
Proof of business address for non-salaried individual

 

 

 

Other Charges : Home Loan

Actual charges for the following will be payable by the customer in addition to the processing fee:

 

a) Pre-sanction
 
(i) Advocate's fee for property search and the title investigation report.
(ii) Valuer's fee for valuation report.
 
b) Post-sanction
 
(i) Stamp duty payable for Loan agreement & mortgage.
(ii) Property insurance premium.
(iii) Processing fee recovered.

a) Pre-sanction :

(i) Advocate's fee for property search and the title investigation report.

(ii) Valuer's fee for valuation report.

b) Post-sanction :

(i) Stamp duty payable for Loan agreement & mortgage.

(ii) Property insurance premium.

(iii) Processing fee recovered.

Pre-closure / Pre-payment Penalty - NIL

Products offered by State Bank of India

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Testimonial

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