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STATE BANK OF INDIA Home Loan

SBI Home loan

SBI Home Loans is the largest Mortgage Lender in India, which has helped over 30 lakh families to achieve the dream of owning a home. SBI Values Trust Transparency Integrity Excellence Value to Customers Wide Product Range Interest Calculation on Daily Reducing Balance Overdraft Facility available Low Interest Rates Low Processing Fees No Hidden Costs No Pre-payment penalty SBI Presence 24,000+ branches 1600+ member strong dedicated Sales Team

SBI Features & Benefits

  • Packages of exclusive benefits

  • Low Interest rates. Interest calculation on a daily reducing balance.

  • Home loan also available as an overdraft. Optimally utilize your surplus funds.

  • Low Processing charges. No hidden costs.

  • No Prepayment penalties. Reduce your interest burden by prepaying the loan

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.

  • 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

  • Resident Type: Resident Indian

  • Minimum Age: 18 years

  • Maximum Age: 70 years

  • Loan Tenure: up to 30 years.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • 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:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

  • 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:

  • Salary Slip or Salary Certificate of last 3 months

  • 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:

  • Business address proof

  • 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)

SBI Balance Transfer of Home Loan

Switch your Home Loan to SBI and Save Big!

SBI offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the Bank's instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.

  • Low Interest Rates

  • No Hidden Charges

  • No Pre Payment Penalty

  • Interest charges on Daily Reducing Balance

  • Home Loan Available as Overdraft

  • Interest Concession for Women Borrowers

  • Resident Type: Resident Indian

  • Minimum Age: 18 years

  • Maximum Age: 70 years

  • Extended Loan Tenure.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • Loan Application: Completed Loan Application form duly filled 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:

  • NOC from Society/Builder

  • Registered agreement for sale

  • Occupancy Certificate

  • Share Certificate(only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt

  • Chain of all old Agreements for sale

Account Statement:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

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

  • Salary Slip or Salary Certificate of last 3 months

  • 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:

  • Business address proof

  • IT returns for last 3 years

  • Balance Sheet & Profit & loss A/c for last 3 years

  • Business Licence Details(or equivalent)

  • TDS Certificate (Form 16A, if applicable)

  • Certificate of qualification (for C.A./ Doctor and other professionals)

Documents from the other Bank:

  • List of original documents held at Bank

  • Loan a/c statement for the past one year

  • Sanction Letter

  • Interim Period Security

SBI NRI Home Loan

SBI NRI Home Loans allows Non-Resident Indians to get closer to home.

SBI NRI Home Loan allows many NRIs (Non Resident Indians) to get home loans when investing in properties. Financially, it makes sense to purchase a property through home loan rather than through personal financing especially when you can invest your personal funds somewhere else for better returns.

  • 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

  • Resident Type: Non Resident Indians (NRIs) or Persons of Indian Origin (PIOs)

  • Minimum Age: 18 years

  • Maximum Age: 60 years

  • Loan Tenure: up to 30 years.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • Attested copy of valid Passport and visa.

  • Address proof mentioning the current overseas address

  • Copy of Continuous Discharge Certificate (CDC)-for applicants employed in the merchant navy.

  • PIO Card issued by Government of India. (in case of PIOs)

  • The attestation of documents may be done by FOs/Rep. Offices or Indian Embassy/Consulate or Overseas Notary Public or officials of Branch/Sourcing outfits based in India.

  • Loan Application: Completed loan application form duly filled 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 account details for the previous 6 months overseas account showing salary and savings and Indian account if any.

  • 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:

  • Valid work permit

  • Employment contract - an English translation duly attested by employer/ consulate / our foreign office / Embassy in case it is in any other language

  • Last three months’ salary certificate/slip

  • Last six months’ Bank Statement showing salary credit

  • Latest salary certificate /slip in original and copy of identity card issued by the current employer

  • Duly acknowledged copy of last year Individual Tax Return except for NRIs/PIOs located in Middle East countries and employees in the Merchant Navy.

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

  • Business address proof

  • Proof of income in case of self-employed professionals/businessmen.

  • Last 2 years Audited/C.A. certified Balance Sheet and P&L accounts,

  • Last 2 years Individual Tax Return except for NRI/PIO located in Middle east countries

  • Last six months’ Bank Statement of overseas account in the name of individual as well as company/unit.

SBI Flexipay Home Loan

Let your current income not stop you from owning your dream home.

SBI Flexipay Home loan provides an eligibility for a higher loan amount exclusively for the salaried borrowers. It offers customer the option to pay only interest during the moratorium (pre-EMI) period, and thereafter, pay moderated EMIs. The EMIs will be stepped-up during the subsequent years. This variant of SBI home loan is very useful for young earners. The SBI Flexipay home loan has the potential to lure a large section of home loan buyer towards SBI.

  • Low Interest Rates

  • Low Processing Fee

  • No Hidden Charges

  • No Pre Payment Penalty

  • 20% higher home loan eligibility

  • Interest charges on Daily Reducing Balance

  • Repayment up to 30 years

  • Interest Concession for Women Borrowers

  • Resident Type: Resident Indian

  • Minimum Age: 21 years

  • Maximum Age: 45 years, to apply for loan, and upto age of 70 years for repayment

  • Loan Tenure: up to 30 years.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • Loan Application: Completed loan application form duly filled 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:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

  • 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:

  • Salary Slip or Salary Certificate of last 3 months

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

SBI Privilege Home Loan

Home Loan designed especially for Government Employees

SBI has launched SBI Privilege Home Loan exclusively for government employees. Individuals who are employees of Central or State Government which includes PSBs, PSUs of Central Government and other individuals with pensionable service are eligible to apply for this home loan. The loan amount will be determined by taking into consideration factors such as applicant income and repaying capacity, age, assets and liabilities, cost of proposed house/flat etc.

  • Low Interest Rates

  • Zero Processing Fee

  • No Hidden Charges

  • No Pre Payment Penalty

  • Interest charges on Daily Reducing Balance

  • Repayment up to 30 years

  • Interest Concession for Women Borrowers

  • Interest Concession in case Check Off is provided

  • Resident Type: Resident Indian

  • Minimum Age: 18 years

  • Maximum Age: 75 years

  • Loan Tenure: up to 30 years.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • 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:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

  • 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:

  • Salary Slip or Salary Certificate of last 3 months

  • 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:

  • Business address proof

  • 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)

SBI Shaurya Home Loan

You serve the nation, give us an opportunity to serve you.

SBI Shaurya Home Loan scheme is dedicated to the Army and Defence Personnel of the nation. This special home loan scheme will be only provided to the defence employees. The SBI Shaurya Home loans will have lower interest rates and other added benefits which will only be provided to the defence employee applicants. Apart from reduced interest rates in the home loan, the defence employees will also have the ease of repayment options and may get longer repayment period of the loaned amount.

  • Low Interest Rates

  • Zero Processing Fee

  • No Hidden Charges

  • No Pre Payment Penalty

  • Interest charges on Daily Reducing Balance

  • Repayment up to 30 years

  • Interest Concession for Women Borrowers

  • Interest Concession in case Check Off is provided

  • Resident Type: Resident Indian

  • Minimum Age: 18 years

  • Maximum Age: 75 years

  • Loan Tenure: up to 30 years.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • 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:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

  • 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:

  • Salary Slip or Salary Certificate of last 3 months

  • 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:

  • Business address proof

  • 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)

SBI Pre-Approved Home Loan

Get your home loan in place before you select your property.

The SBI Pre-approved loan (PAL) provides sanction of Home Loan limits to the customers before finalization of the property which enables them to negotiate with the Builder/Seller confidently. The loan eligibility will be assessed based on income details of the applicant. Non-refundable processing fee as applicable to the Home Loan will be collected at the time of sanction.

  • 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

  • Resident Type: Resident Indian

  • Minimum Age: 18 years

  • Maximum Age: 70 years

  • Loan Tenure: up to 30 years.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • 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

Account Statement:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

  • 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:

  • Salary Slip or Salary Certificate of last 3 months

  • 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:

  • Business address proof

  • 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)

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.

  • 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

  • Resident Type: Resident Indian

  • Minimum Age: 18 years

  • Maximum Age: 65 years

  • Loan Tenure: up to 10 years.

List of papers/ documents applicable to all applicants:

  • Employer Identity Card

  • 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

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