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  #1  
18th November 2015, 09:44 AM
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SBI Home Loans

Can you tell me in detail about the Loan Schemes - Interest Rates for home loan in SBI or State Bank of India? Also tell me about the documents required for the sanction of the loan?
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  #2  
18th November 2015, 09:45 AM
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Join Date: May 2012
Re: SBI Home Loans

SBI or State Bank of India is an Indian multinational, Public Sector banking and financial services company in India. It is a government-owned corporation with its headquarters in Mumbai, Maharastra.

SBI Home Loans

Home Loans - Interest Rates with effect from 05.10.2015 (Base Rate: 9.30%)

Borrowers' category
Women

Home Loan interest rate, irrespective of loan limit
20 bps above the BR i.e. 9.50% p.a.

EMI per Lac for 30 year Tenor
Rs. 841

Maxgain above Rs. 1 crore
45 bps above the BR i.e. 9.75% p.a.

CRE Maxgain, irrespective of loan limit
65 bps above the BR i.e. 9.95% p.a.

Borrowers' category
Others

Home Loan interest rate, irrespective of loan limit
25 bps above the BR i.e. 9.55% p.a.

EMI per Lac for 30 year Tenor
Rs. 845

Maxgain above Rs. 1 crore
50 bps above the BR i.e. 9.80% p.a.

CRE Maxgain, irrespective of loan limit
70 bps above the BR i.e. 10% p.a.

• The woman should be the sole applicant or first co-applicant of Home Loan and also
• The property proposed to be financed should be either in the sole name of the woman borrower or she should be the first owner in case of joint ownership

Documents Required

List of papers/ documents applicable to all applicants:

• Completed loan application
• 3 Passport size photographs
• Proof of identify (photo copies of Voters ID card/ Passport/ Driving
• licence/ IT PAN card)
• Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/
• Property tax receipt/ Passport/ Voters ID card)
• Proof of business address for non-salaried individuals
• Statement of Bank Account/ Pass Book for last six months
• Signature identification from present bankers
• Personal Assets and Liabilities statement
For guarantor (wherever applicable):
• Personal Assets and Liabilities Statement
• 2 passport size photographs
• Proof of identification as above
• Proof of residence as above
• Proof of business address as above
• Signature identification from his/her present bankers
Additional documents required for salaried persons :
• Original Salary Certificate from employer
• TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.
Additional documents required for Professionals/self- employed/ other IT assesses:
• Acknowledged copies of three years I.T. returns/ Assessment Orders.
• Photocopies of challans evidencing payment of Advance Income Tax.


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