State Bank of India (SBI) offers various types of home loans. These include regular home loans, SBI Privilege home Loan For government employees, SBI Maxgain Home Loan, SBI Smart Home, Top-up Loan for Existing Customers, SBI NRI Home Loan, SBI Flexipay Home Loan for High Loan and SBI Harghar Home Loan for Women. Anyone can get loan online and through yono Forum.
According to a press release issued by SBI, take a look at the features and documents required to get a home loan from a PSU lender.
- home loan tenure: 3-30 years
- Rate of interest: SBI offers credit score linked home loans at just 6.70%, irrespective of the loan amount
- zero processing fee
- No hidden or administrative fees
- Interest subvention for women borrowers
- credit score linked home loan
- no prepayment penalty
- Calculation of interest on daily decreasing balance
- Home loan is also available as an overdraft
how to apply online
Customers can click on the link given below to apply for home loan, fill required details, check eligibility and get loan quotation:
https://onlineapply.sbi.co.in/personal-banking/home-loan?se=SBI-Microsite&cp=Homeloan&Ag=SBI-Microsite
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How to get Home Loan using YONO SBI
- Login to your YONO account
- On the home page, click Menu (three lines) in the top left
- Click on Loan
- Click on Home Loan
- Do a quick eligibility check by providing your date of birth
- Enter your income source
- Enter your net monthly income
- Details of any other loan
- Check your eligible loan amount and proceed
- Fill other required details and click on submit
- You will get a reference number and an SBI executive will call you shortly
what are the documents required
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- employer identity card
- Loan Application: Duly filled loan application form with 3 passport size photographs
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card
- Residence / Address Proof (Any): Telephone Bill / Electricity Bill / Water Bill / Pipe Gas Bill OR Recent Copy of Passport / Driving License / Aadhar Card
property papers
- Construction permit (where applicable)
- Registered Agreement for Sale (For Maharashtra only) / Letter of Allotment / 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) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account details showing all payments made to the builder/seller
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Account Details
- Bank account details for the last 6 months for all bank accounts held by the applicant
- If there is any previous loan from other banks/lenders, the loan account statement for the last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor
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- Salary slip or salary certificate of last 3 months
- Copy of Form 16 for last 2 years or copy of IT Return for last 2 financial years, accepted by Income Tax Department
Income Proof for Non-Salaried Applicant/Co-Applicant/Guarantor
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- Business license details (or equivalent)
- TDS certificate (Form 16A, if applicable)
- Certificate of Qualification (for CA/Doctor and other professionals)