Documents Required for SBI Home Loan
1. Basic Application Documents
- • Duly filled out and signed the SBI home loan application form.
- • Three recent passport-size photographs of each applicant and co-applicant.
2. KYC – Proof of Identity (Any One)
- • PAN Card (compulsory for most applicants)
- • Passport
- • Voter ID Card
- • Driving License
- • Aadhaar Card
Every applicant, co-applicant, and guarantor should provide these documents.
3. KYC – Proof of Address (Any One)
- • Passport
- • Aadhaar Card
- • Driving License
- • Utility bills (electricity, telephone, water – not older than 3 months)
- • Registered rental agreement
- • Voter ID Card
4. Proof of Age
- • Birth certificate
- • PAN Card
- • Passport
- • School leaving certificate/10th marksheet
5. Income Documents
For Salaried Applicants/Co-applicants/Guarantors:
- • Salary slips or certificates for the last 3 months
- • Form 16 (TDS certificate) for the previous 2 years or ITR acknowledged by IT Department
- • Bank account statement for the previous 6 months (showing salary credits)
- • Letter from employer, if required
For Self-employed Applicants/Co-applicants/Guarantors:
- • Proof of business (registration/license/partnership deed)
- • Business and personal bank statements (last 6 months)
- • Income Tax Returns for the last 3 years (with acknowledgement)
- • Profit & Loss Account and Balance Sheet for the last 3 years, certified by a CA
- • Business address proof
- • Ownership proof for place of business (utility bills, property papers)
For Professionals (Doctors, CA, etc.):
- • Professional degree certificate
- • Registration details with the regulatory body
- • Qualification certificate (especially for CAs and doctors)
- • Professional practice license
6. Account Statements/Financial Obligations
- • Bank account statement of all accounts (last 6 months)
- • Loan account statement for existing loans (past 1 year)
- • Sanction letter for existing/previous loans
7. Property Documents
For New/Under-Construction Properties:
- • Sale agreement/Allotment letter from builder/vendor/housing authority
- • Approved building plan and layout plan
- • Payment receipts/statement
- • Builder’s NOC in favor of SBI (if applicable)
- • Encumbrance certificate
- • Construction estimate (for self-construction)
- • Permission for construction from competent authority
For Resale/Ready Properties:
- • Sale deed/agreement (registered)
- • Title chain/old agreements evidencing ownership
- • Occupancy/Completion Certificate (for ready-to-move)
- • Latest tax receipts, maintenance bill, electricity bill, society share certificate
- • NOC from housing society/building association
- • Share Certificate (if property in Maharashtra)
- • Draft/print of conveyance deed
8. Other Supporting Documents
- • Signature verification from present bankers
- • Personal assets & liabilities statement
- • Income proof of rental income, if claimed
- • NOC from society/builder regarding mortgage creation
- • Receipts of stamp duty/registration charges paid
- • Urban Land Clearance Certificate/NA Permission if required
9. For NRI and PIO Applicants
- • Attested copy of valid passport and visa/PIO card
- • Address proof (overseas & Indian)
- • Employment contract/appointment letter/work permit
- • Salary certificate or payslip and overseas bank statements (last 6 months)
- • Power of Attorney (if submitted by a local representative)
- • All documents notarized or attested by embassy/consulate/SBI overseas branch
Major Information About SBI Home Loans
1. Loan Amount & Tenure
- • Up to 90% of the property’s cost (subject to value & regulatory cap)
- • Repayment tenure up to 30 years
2. Interest Rates & Charges
- • Competitive floating and fixed home loan rates
- • Special concessions for women, professionals & pre-approved customers
- • Processing fee: 0.35% – 1% of loan amount + legal/valuation/stamp duty costs
3. Repayment and Prepayment
- • EMI repayment via NACH/ECS mandate or post-dated cheques
- • Prepayment/foreclosure allowed without penalty (for floating-rate loans)
- • Disbursement based on property stage or resale completion
4. Special Features
- • Top-up loans, balance transfer, home improvement, extension/repair options
- • Co-applicant’s income can be clubbed for higher eligibility
- • Flexible repayment (step-up/step-down EMI, delayed start, PPI, etc.)
5. Tax Benefits
- • Deduction up to ₹1.5 lakh/year under Section 80C (Principal repayment)
- • Deduction up to ₹2 lakh/year under Section 24(b) (Interest paid)
6. Application Process
- • Check eligibility with SBI home loan calculator
- • Submit application & documents online or at SBI branch
- • Property and income verification by SBI
- • Loan sanction letter issued if approved
- • Execute loan agreement & mortgage deed
- • Loan disbursed as per property stage/resale completion
A successful SBI home loan application requires careful document preparation across
identity,
address, age, income, banking, property, and (where applicable) legal and professional
categories.
Timely, complete, and genuine paperwork is vital for quick processing and sanction. SBI’s large
branch and digital network, transparency, and affordable rates make it a preferred lender for
various home purchase, construction, or renovation requirements.