SBI Home Loan

SBI

State Bank of India (SBI)

State Bank of India (SBI) is the largest Bank of India with approx consolidated assets of USD 500 billion and profit of USD 1.5 billion for the year ended March 31, 2018. SBI currently has a network of approx 13,000 Branches and 59,291 ATMs across India.  It is headquartered in Mumbai, Maharashtra, India.

SBI Home Loan Features

  • 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

  • State Bank Rewardz is State Bank Group’s Loyalty Program for its valued customers.
  • The program gives the customers several opportunities to earn Reward Points and earn many times faster at Max Get More partner outlets.
  • These Reward Points can be redeemed for full or partial payments to get products & services online as well as from Max Get More partner outlets.

Documents for SBI Home loan

  • 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

  • Acknowledged copies of three years i.t. returns/ assessment orders.
  • Photocopies of challans evidencing payment of advance income tax.

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