To enjoy staying in your dream home, SBI home loan is encouraging the customers to purchase their own dream house. Unlike other home loans where the lender charges the payment penalties, there are no such penalties if you are availing the SBI home loans. You will get all the tax benefits, and the government will provide all legal documentation.
It’s quite difficult for people to buy a house with their own money. Now you are one step closer to buying your dream and lavish house with the help of home loans with easy paying instalments. As far as other loans are considered, home loans have the longest repayment tenure. The following requirements will help you to know the most of the home loans eligibility and documentation.
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Documents Required to Apply for a Home Loan
Identity card of the employer
SBI home loan application form, which should be duly filled by the customer along with three photos (Passport Size).
Residence proof affixed with Identity proof ( Anyone): Aadhaar/ Driving License/ Passport.
Relevant Property Papers
Proper permission for the construction
Certificate for Occupancy
Some copies of the approved designs and plans(Blueprints/Xerox)
Agreement papers of the registered builder
All the payment details and account statements which clearly shows the payments made to your builder
Account Statements
Applicants last six months account details
Statement of the loan account of the past year
Income Proof (Salaried Applicant/ Guarantor/ Co-Applicant)
Salary Slip of the last three months
Copy of Form 16 and I.T. returns for the last two years, and it should be acknowledged by the I.T. Department.
Income Proof (Non-Salaried/ Guarantor/ Co-Applicant)
Address proof related to business
Slip of I.T. returns for the last two years
Balance sheet and the profit & loss account statements
Details of the Business license
Qualification certificate ( Doctor/C.A./ or other professionals)
The massive real estate pricing structure makes it difficult for employers to buy their own elegant property. Thanks to the SBI home loan, which clearly saves the consumers from paying rent, especially in metro cities. It’s now a better option for you to pay in EMI’s and own your dream house.
