STATE BANK OF INDIA

HOUSING LOAN SCHEME

Saving A/c in SBI is mandatory for Home Loan Process

Loan Amount

80% of the property cost (for loan amount upto Rs.75.00 lacs)
75% of the property cost (for loan amount above Rs.75.00 lacs)
ROI
If Woman Borrower
If Other Borrower

9.70% P.a.
9.75% p.a.

Moratorium period
A moratorium period (repayment holiday) till 1 month after completion of
the construction or 18 months from the disbursement of 1st instalment of
the loan whichever is earlier, may be permitted at the request of the
borrower.
Documents required
Personal Documents
Documents for Salaried
1. Two Passport size photo copies
2. PAN Card / Passport Copy / Voters ID
3. Residence Proof MSEB Bill/Company Letter/Rental
Agreement
4. Experience letter of previous company if present employment
less than 2 years
5. Confirmation letter of the present company alongwith the CTC
structure or latest salary revision letter
6. Latest 3 months pay-slips
7. Latest 6 months salary a/c statement
8. Latest two years Form-16
9. All loan A/c statements for at-least one year
10. Margin Proof
11. Investment Details

Documents for Self Employed/Professionals

1.Two Passport size photo copies
2. PAN Card / Passport Copy / Voters ID
3. Residence Proof BSNL Bill/ MSEB Bill/Property Tax
Bill/Rental Agreement
4. Income Tax Returns for the latest 3 years alongwith financial
Documents
5. Bank Account statements of one year wherein transactions are
being done as well as loan account statements of one year- if any
6. Shop Act License
7. Brief write up about the business venture
8. Partnership Deed/Memorandum of Association etc. if any
9. Degree Certificate
Personal Documents for NRIs
Copy of passport and visa stamped on it, duly attested by
Indian Embassy/Consulate / SBI Foreign Office
Proof of residence Letter from the Company / Telephone bill
etc, copy duly attested by Indian Embassy/Consulate/ SBI
Foreign Office
Employment Contract - copy duly attested by Indian
Embassy/Consulate/ SBI foreign office
Valid Work Permit copy duly attested
by Indian
Embassy/Consulate/ SBI foreign office
Copy of the labour card/identity card copy duly attested by
Indian Embassy/Consulate or SBI Foreign Office
Details of previous employment- Experience Letter if the
present employment is less than 2 years copy duly attested by
Indian Embassy/Consulate/SBI Foreign Office
Continuous Discharge Certificate if any
Salary Slips for the past three months or salary certificate from
the employer(latest) copies duly attested by Indian
Embassy/consulate or SBI Foreign Office
Bank account statement for the latest six months overseas a/c.
showing salary and savings and Indian A/c. if any copies duly
attested by Indian Embassy/consulate/ SBI foreign office
Proof of self contribution towards the total project cost.
Income Tax Returns for the last two financial years copies duly
attested by Indian Embassy/consulate/ SBI foreign office
Power of Attorney as per Banks specimen duly attested by the
Indian Embassy / Consulate

Documents required for take over from other banks

1. Letter from the bank mentioning the latest outstanding in the home
loan account and the original documents in their custody.
2. Home loan account statement from the date of sanction to upto
date.
3. Copy of the home loan sanction letter of that bank.
4. Foreclosure Letter
5. Letter containing list of documents with other banks
Property documents
1. Agreement to Sale/Sale Deed Registered copy
2. Copy of the approved Blue print of the floor layout plan
3. NOC from Builder
4. Down Payment Receipts
5. Release Letter if any
6. Completion and Possession Certificate from the builder
7. Possession Certificate
8. Share Certificate of Owner with No Dues certificate from the
society
9. Set of documents from the builder for loan purpose (loan set)
- N.A. Certificate
- ULC Certificate
- Commencement Certificate
- Search Report of the Builders Advocate
- 7/12 Extract
Charges to be incurred
1. Advocate Fee Rs. 4000/- .(If the project is not approved by SBI)
2. Valuation fees Rs. 860/- (for loans above Rs.20 lacs as well as
resale property and takeover of loans)
3. Processing fees As applicable
4. Equitable mortgage charges 0.20% of the loan amount
5. Property Insurance As Applicable
6. Sbi Rin Raksha ( Life Insurance)
7. Registered mortgage charges- Rs 2000/8. CERSAI Charges Rs 570/Mode of repayment
EMIs to be paid through Post Dated Cheques or Standing Instructions
from the Bank or ECS.
Prepayment Charges: No prepayment charges
Maxgain a housing loan where you can park your surplus funds,
even the unused portion of your salary and save on the interest paid
(at the applicable housing loan rate of interest). Such amounts
deposited for even one day can save interest so that you manage
your interest costs and hence save more, all this at no extra cost.

*Conditions apply