SBI Home Loan |

SBI Home Loan by Estabizz Fintech

State Bank of India (SBI) is the largest Home Loan provider in India. The bank extends a bouquet of Home Loan products to serve a diversified segment of borrowers. Whether you need a loan for ready-to-built property or to purchase an under-construction property, or a pre-owned home, or to construct or renovate your existing house, SBI Home Loans have an affordable solution for all. SBI Home Loans promise the best interest rate in the market, with low processing fee and flexible repayment options. Leading the market trends for Home Loan, the bank also extends Attractive Home Loan Interest Rates concession for women borrowers.

Types of SBI Home Loans Offered by Estabizz Fintech

SBI Regular Home Loan by Estabizz Fintech
SBI Balance Transfer of Home Loan by Estabizz Fintech
SBI NRI Home Loan by Estabizz Fintech
SBI Flexipay Home Loan by Estabizz Fintech
SBI Privilege Home Loan by Estabizz Fintech
SBI Shaurya Home Loan by Estabizz Fintech
SBI Pre-Approved Home Loan by Estabizz Fintech
SBI Realty Home Loan by Estabizz Fintech
SBI Home Top Up Loan by Estabizz Fintech
SBI Bridge Home Loan by Estabizz Fintech
SBI Smart Home Top Up Loan by Estabizz Fintech
SBI Insta Home Top-Up Loan by Estabizz Fintech
SBI Corporate Home Loan by Estabizz Fintech
SBI Home Loan to Non-Salaried by Estabizz Fintech
SBI Tribal Plus by Estabizz Fintech
SBI Earnest Money Deposit (EMD) by Estabizz Fintech
SBI CRE (Commercial Real Estate)) Home Loan by Estabizz Fintech

Eligibility

Applicant must be Indian resident
Applicant must be minimum 18 years of age at the time of loan application and maximum 70 years at loan maturity
Loan tenure: Up to 30 years
Interest Rate, Processing Fee and Other Charges:
The current SBI Home Loans interest rates are
For women salaried individuals: 7.35% to 7.90%
For other salaried individuals: 7.95% to 8.00%
For women non-salaried individuals: 8.05% to 8.10%
For other non-salaried individuals: 8.10% to 8.15%

Processing fees

Up 0.50% of the loan amount, depending on the loan type and amount
Other charges
Pre-sanction: Advocate’s fee for property search & title investigation report; Valuer’s fee for evaluation report.
Post-sanction: Stamp duty for Loan agreement and mortgage; Property insurance premium; CERSAI Registration Fee of Rs. 50 plus GST (for up to Rs. 5 Lakhs) and Rs. 100 plus GST (for above Rs. 5 Lakhs).

Documents Required

Common documents for all applicants
Identity card of employer
Duly filled complete loan application form
3 recent passport-sized photographs
Identity proof (any one): Passport/ PAN/ driver’s license/ voter’s ID card
Residence proof (any one): Recent copy of electricity bill/ telephone bill/ water bill/ piped gas bill/ passport/ driving license/ aadhaar card

Property Documents

Permission for construction (if applicable)
Registered sale agreement (for Maharashtra only)/ stamped agreement for sale/ allotment letter
Occupancy certificate (for ready to move property)
Share certificate (for Maharashtra only), electricity bill, maintenance bill, property tax receipt
A copy of approved plan and builder’s registered development agreement, conveyance deed (for a new property)
Payment receipts or bank account statement showing payments made to builder or seller
Account statement documents
Bank account statements for the last 6 months for all bank accounts of the applicant
Loan account statement for the last 1 year if applicant has any previous loan from other lenders
Income proof documents for salaried applicants/ co-applicants/ guarantor
Last 3 months’ salary slip/ salary certificate
Copy of the last 2 years’ Form 16/ IT Returns, acknowledged by IT Department
Income proof documents for non-salaried applicants/ co-applicants/ guarantors

Proof of business address

Last 3 years’ IT returns
Last 3 years’ balance sheet and profit & loss account
Details of business license (or equivalent)
TDS Certificate/ Form 16A, if applicable
Qualification certificate for chartered accountant, doctor, and other professionals
Why to Choose SBI Home Loan?
Long repayment tenure of up to 30 years
Huge variety of Home Loans to suit every customer’s need
Low rates of interest and processing fee
No prepayment charges
No hidden charges
Home Loan Overdraft facility available
Discounted interest rate for women borrowers

FAQs

What does property registration mean?

Property registration is registering the documents related to sale, transfer, lease or any other disposal of an immovable property.

What documents should I check when buying a resale property?

You must check Clear & marketable Title, Encumbrance Certificate, Sale Deed, Latest Tax Receipts, Building Plan Approvals, Occupancy Certificate, and Possession Certificate

How many properties can I own?

There is no limit set for the number of properties one can own. You can own as many as you want.

Does SBI provide home top up loan with balance transfer of Home Loan?

Yes. You can avail home top up loan on balance transfer of your Home Loan to SBI. However, the maximum Loan to Value (LTV) should be 75% and you must fulfillment other terms and conditions relating to balance transfer.

What is the minimum and maximum tenure of SBI Home Loan?

Tenure for SBI Home Loans may vary between 3 to 30 years