SBI HOME LOANS

LIST OF DOCUMENTS

S.NO DOCUMENTS Applicant Co- Guarantor

Applicant
1. SBI saving account number required of all
applicant/s
2. Duly filled application
3. 3 pass port size Photographs
4. ID Proof (PAN +Passport/DL/ Aadhaar Relationship proof
Card (Passport/DL/Aadhaar
/Marriage certificate)
5. Address Proof ( DL / Passport/ reputed
employer certificate)
6. HR Letter stating name, designation,
employee no. service etc., .,+ company ID
7. Present Company appointment Letter or
Offer letter
8. Previous Companies experience/ service
letter
9. Latest 3 months salary slips
10. latest 6 months Salary account bank
statement

11. 2 years FORM-16 (2019-20,2018-19) &

2 years ITR-V latest(2019-20,2018-19)
12. Assets
(LIC, Shares, Debentures, FD, PF, PPF,
Immovable property sale deed copy
& Liabilities statements
If any existing loans take the bank
statement till date or closure letter,
Payment receipts of builder/vender
13. Property Documents with sanction plan REQUIRED
14. Sale agreement with 0.1% stamp duty &
construction agreement with Rs. 200/-
stamp duty
15. NOC From the Builder & custody letter Builder will provide
16. Cost Break-up letter from Builder Builder will provide
17. Legal Charges (Rs 3000/-) APPLICABLE
 18. Valuation Charges(Rs. 2500) APPLICABLE

19. Processing Fee (Rs. 10000/-) or 0.35% of APPLICABLE

the loan amount whichever low + 18 %
GST ( maximum 11800/-)
20. Documentation charges not more than Rs. While documentation
1500/-
21. 0.3% on loan amount MOD charges mandatory
22. Property insurance after registration appx While registration
25k to 50k depends on cost and tenure
Documentation (after sanction)
23. Tripartite Agreement
24. Demand Letter Builder will provide
25. Latest EC
26. Latest Tax paid receipt
27. Original sale & construction Agreements
28. Original receipts of payments
29. Salary account cheques 6

EBLR (EXTERNAL BENCHMARK BASED LENDING RATE ) 8.05 %

Interest Rates: subject to disbursement date

Normal Term Loan is mentioned below: this roi applicable on

Interest rates for Salaried

Up to 30 lakhs LTV up to 80 %

Salaried non salaried

Women 8. 15% women 8.30

Others 8.20% others 8.35

Up to 30 lakhs LTV 80 to 90 %

Women 8. 25% women 8.35

Others 8.30% others 8.45

If the grade is 1,2,3 the rate of interest wiil be the same above, if the grade is 4,5,6 the r.o.i.
will be increase of 0.1%
 30 to 75 lakhs Above 75 lakhs
Women 8.40% 8.50%
Others 8.45% 8.55%

If the grade is 1,2,3 the rate of interest wiil be the same above, if the grade is 4,5,6 the r.o.i.
will be increase of 0.1%

Max-gain Interest rates are mentioned below:

20 lakhs to 30 lakhs to 75 lakhs

30Lakhs 75 Lakhs to 3
crores
Women 8.40% 8.65% 8.75%
Others 8.45% 8.70% 8.80%

If the grade is 1,2,3 the rate of interest wiil be the same above, if the grade is 4,5,6 the r.o.i.
will be increase of 0.1%

Interest rates for self employed

30 to 75 lakhs Above 75 lakhs

Women 8.55% 8.65%
Others 8.60% 8.70%

Max-gain Interest rates are mentioned below:

20 lakhs to 30 lakhs to 75 lakhs

30Lakhs 75 Lakhs to 3
crores
Women 8.55% 8.80% 8.90%
Others 8.60% 8.85% 8.95%

 Property insurance is MANDATORY.(self-paid ) The house/flat should be insured

comprehensively for the market value covering fire, flood, etc… in the joint name of
bank and the borrower cost should be borne by you
5 PDC should be submitted in favor of your Home Loan account no. (security Cheques )
REGISTRATION FORMALITIES

 Disbursement application form which may be submitted filling all the columns
 Original demand letter from builder duly mentioning final balance payable to
builder/seller (if all the payment made then NO DUE CERTIFICATE TO BE SUBMITTED)
 Letter to effect that the construction of flat is completed and ready to occupy
 Copy of sale agreement to verify the payment of stamp duty and registration charges as
per your agreement or government value. (Whichever is higher).
 (REGISTRATION VALUE 6.6% + MOD Charges. 0.1% & 0.2% of loan value all DD/BC
favoring “THE SUB-REGISTER”
 All original receipts/copy of receipts for the payment made to builder by borrower &
bank to be submitted which should tally with the project value
 Copy of TDS challan where registration value exceeds Rs.50.00 lakhs to be submitted
 If POA is involved it should be as per bank format and procedure (duly adjudicated)
 Registration appointment may be obtained 7 days in advance

Feel free to call anything else: Narender Reddy 9742365666

Sekhar Reddy 9036912058.