State Bank Of India Home Loan
SBI Home Loans are the largest Mortgage providers in India. CNBC Awaaz Real Estate Awards 2016 recognised SBI as the Best Home Loan Provider. Currently, SBI is providing Home Loan services in 24000+ Branches across India with the help of 1600+ Members strong dedicated Team. SBI Home Loans comes with an array of benefits as:
-Low-interest rates with the facility of interest calculation on daily reducing balance
-Overdraft facility to make the maximum use of surplus funds
-Low, mostly nil Loan processing charges
| Bank Link | http://www.statebankofindia.com/user.htm |
| 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
Above Rs.25 Lacs and upto Rs.75 Lacs is Rs.6500/-. Above 75 Lacs Rs.10000/-
Other Charges
"Actual charges for the following will be payable by the customer in addition to the processing fee: Pre-sanction
(i) Advocate's fee for property search and the title investigation report.</div>
(ii) Valuer's fee for valuation report.</div>
Post-sanction
(i) Stamp duty payable for Loan agreement & mortgage.</div>
(ii) Property insurance premium.</div>
(iii) Processing fee recovered.
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"
Docs Introduction
The documents needed for a home loan are-
-Govt. ID proof
-Govt. address proof
-Photos as specified by Bank
-Employment Certificate/Salary Certificate/ Form no. 16
-Last 6 Month’s Bank Account statement
-last 3 years Income Tax return
-Co-Lateral Security (if needed)
-Details of the property from Promoters
-Photocopy of receipts of Govt. Taxes and Bills
-Sanctioned Plan of the property
-Registration deed of the Land in the name of the Promoter
| Self | |
|---|---|
| Minimum Age (in yrs.) | 18 to 70 years |
| Minimum Income (in Rs.) | Availability of sufficient, regular and continuous source of income for servicing the loan repayment. |
| Minimum Work Experience (yrs.) | NA |
| Residence Status (yrs.) | Residence proof not provided |
| Id Proof | PAN Card/ Voters ID/ Passport/ Driving License |
| Address Proof | Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID |
| DOB Proof | 10th class certificate |
| Financial Docs | -Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return |
| Other Docs | -Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter |
| Salaried | |
|---|---|
| Minimum Age (in yrs.) | 18 to 70 years |
| Minimum Income (in Rs.) | Availability of sufficient, regular and continuous source of income for servicing the loan repayment. |
| Minimum Work Experience (yrs.) | NA |
| Residence Status (yrs.) | Residence proof not provided |
| Id Proof | PAN Card/ Voters ID/ Passport/ Driving License |
| Address Proof | Recent Telephone Bill/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID |
| DOB Proof | 10th class certificate |
| Financial Docs | -Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return |
| Other Docs | -Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter |
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