State Bank of India NRI Home Loan Documents Required

Myself Ricky and I have shifted to India . I purchase a big house in Thane and I wanna to take Home Loan on my house . Would you tell me what are the Documents Required for Non-resident Indian (NRI) to take Home Loan from State Bank of India ? Please provide me its detail .

Hello friend what are documents required for home loan in State Bank of India for a NRI customer?

[Raman Vij]

Hello, here I am providing the details for documents required for home loan in State Bank of India for a NRI customer

Completed Home Loan Application Form

2 passport size photographs

Proof of Identity – Copy of first four pages of passport and page with visa stamp, or IC / PIO card.

Valid work permit

Copy of the employment contract, an English translation of the contract duly attested by employer / consulate / SBIs foreign branches / offices, or Embassy in case the contract is available in any other language

Last salary certificate / slip in original

Copy of salary certificate duly attested by Indian Embassy / Consulate / SBI Branch / Exchange Companies abroad recognized by SBI

Copy of identity card issued by the current employer / proof of income in case of self employed professionals / businessmen

Brief profile of applicant and work establishment
Details of previous employment

Bank account statement / passbook for the last six months

Account statement / passbook of overseas bank showing salary and savings.

Proof of residence (driving license / utility bills)

Copy of Continuous Discharge Certificate (CDC) – for applicants employed in the merchant navy

Sale Deed / Agreement for Sale

Copy of approved building plans / approvals in respect of proposed construction/purchase/extension

Original NOC under the Provisions of ULC Act

For Purchase / construction of house-Original title deed, non-encumbrance certificate on the property for 13 years, possession certificate and land tax receipt.

For purchase of flat- construction agreement, allotment letter, copy of approved plan, estimates-payment schedule, undertaking from the builder in Form B format as specified by the bank.

Copy of the Order permitting Land Conversion in case of conversion of agricultural land

Copy of the land tax receipt / building tax receipt

Copy of the Allotment letter of Housing Board / Builder / Co-op. Society

Detailed Cost Estimate / Valuation Report from approved valuer in case of outright purchase of an existing house / flat.

Undertaking from the builder in Form B, which is the specified format for the bank.

Notarized Power of Attorney, if applicant proposes to authorize a third party to execute the documents / complete the mortgage formalities / avail the loan installments.

Any other documents as required by the Bank.