SBI Home Loan

How to apply for SBI Home Loan online in 2022 | Documents required for SBI Home Loan

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Check the complete process of applying for an SBI Home Loan from the comfort of our home. And also check the Documents required for SBI Home Loan.

Features and Benefits of SBI Home Loan

  1. low-interest rates
  2. zero processing fee
  3. No hidden or administrative charges
  4. Interest subvention for women borrowers
  5. First of its kind Credit Score Linked Home Loan
  6. no prepayment penalty
  7. Calculation of interest on a daily decreasing balance
  8. A home loan is also available as an overdraft.

How to apply online For an SBI Home loan

This is how you can avail benefits through YONO SBI

  • Login to your Yono Account
  • At the top left of the home page, click Menu (three lines)
  • Click on Loan Section
  • Click on Home Loan
  • Quickly check eligibility from your date of birth
  • Provide information about your source of income
  • Tell us about your monthly net income.
  • If any other loan is going on give information about it.
  • Check your eligible loan amount and proceed
  • Fill in other required details and click on submit
  • You will get a reference number, and you will get a call from an SBI executive.

Documents Required for SBI Home Loan

To apply for an SBI home loan, you need to fill out the home loan application form and submit it along with all the required documents. The Documents Required for SBI Home Loan may vary depending on the individual profile and the SBI home loan schemes chosen. In this article, we have listed the documents required for an SBI home loan.

For You: Home Loan Vs Personal Loan

List of Documents Required for SBI Home Loan

SBI home loan

SBI Home Loan Documents Required for Salaried and Self-Employed Applicants

Given below is the list of documents required to apply for an SBI home loan.

  1. owner’s identity card
  2. SBI Home Loan Form
  3. three passport size photographs
  4. Identity Proof: PAN / Aadhar / Passport / Driving License / Voter ID Card (any one)
  5. Address Proof: Passport/Driving License/Aadhaar/Utility Bill (Electricity Bill, Telephone Bill, Water Bill and Piped Gas Bill)

Property papers

  1. Permission to build a house (where applicable)
  2. Registered agreement to sell (for Maharashtra only) / Stamp agreement to sell / letter of allotment
  3. business certificate
  4. Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Slip
  5. Copy of approved plan (Xerox blueprint) and registered development agreement of builder, transfer agreement (for a new job)
  6. Receipt and bank account information for payments made to builder and seller
  7. account statement
  8. Bank account statements for the last six months of all the bank accounts held by the applicant
  9. Loan account information for the last year (if any previous loan from other banks/financial institutions)

Income proof for salaried applicant/co-applicant/guarantor

  1. Salary slip or salary certificate of last three months
  2. Copy of Form 16 for the last two years as accepted by the IT Department or Copy of the IT Return for the last two financial years

Income Proof for Self Employed Applicant/Co-Applicant/Guarantor

  1. business address proof
  2. IT returns of last three years
  3. Balance sheet and profit and loss statement of account for the last three years
  4. Business license information (or equivalent)
  5. TDS Certificate (Form 16A, if applicable)
  6. Certificate of Qualification (for CA/Doctor and other professionals)

SBI Home Loan Documents for NRI and PIO Applicants

The list of documents required to apply for SBI NRI Home Loan is as follows:

  1. owner’s identity card
  2. copy of passport and visa
  3. Proof of current overseas address
  4. Continuous Discharge Certificate (CDC) (for applicants serving in Merchant Navy)
  5. PIO card issued by the Government of India (in case of PIO)
  6. The verification of documents can be done by the FO/Representative. Officials from offices located in India or Indian Embassy/Commercial Embassy or Foreign Notary Public or Branch/sourcing organisations.
  7. SBI Home Loan Application Form
  8. Three passport size photographs
  9. Proof of Identity: Aadhar / PAN / Passport / Driving License / Voter ID (Any one)
  10. Proof of Residence: Passport / Driving License / Aadhaar / Utility Bill (like telephone bill, electricity bill, water bill or piped gas bill) (any)

property papers

  1. House building permit (where applicable)
  2. Registered agreement to sell (for Maharashtra only) / Stamp agreement to sell / letter of allotment
  3. business certificate
  4. Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
  5. Copy of Clearance Plan (Xerox Blueprint) and a copy of Registered Development Agreement, Conveyance Agreement (for a new property)
  6. Payment receipt/bank account information of all payments made to builder/seller

account statement

  1. Details of Overseas Accounts, Savings and Indian Accounts, if any, for the last six months
  2. Account statement for the last year, if there is any previous loan from other banks/financial institutions.

Income proof for salaried applicant / co-applicant / guarantor

  1. work permit
  2. Employment Contract – An English translation which the company/commercial embassy/our foreign office/embassy, ​​if it is in any other language
  3. Salary slip of last three months
  4. Bank statement of last six months
  5. Original copy of Identity Card issued by the current company and new salary slip
  6. A copy of the previous year’s tax return, excluding NRIs/PIOs based in Middle East countries and employees in the Merchant Navy.

Income Proof for Self Employed Applicant / Co-Applicant / Guarantor

  1. business address proof
  2. Proof of income in case of self-employed professional/traders.
  3. Audited/CA certified Balance Sheet and Profit and Loss Account information for the last two years
  4. Personal tax return for the last two years (except NRIs/PIOs based in Middle East countries)
  5. Overseas Bank information for the last six months in the name of the individual/company/unit

Documents Required for SBI Home Loan Balance Transfer

Following is the list of documents required for the SBI Home Loan Balance Transfer application:

  1. owner’s identity card
  2. SBI Home Loan Form
  3. three passport size photographs
  4. Identity Proof: PAN/Aadhaar/Passport/Driving License/Voter ID Card (any one)
  5. Address Proof: Passport/Driving License/Aadhaar/Utility Bill (Electricity Bill, Telephone Bill, Water Bill and Piped Gas Bill)

Property papers

  1. NOC from Society/Builder
  2. Registered agreement to sell
  3. business certificate
  4. Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
  5. All old agreements to sell

Account statement

  1. Bank account statements for the last six months of all bank accounts of the applicant

Income proof for salaried applicant / co-applicant / guarantor

  1. Salary slip or salary certificate for the last three months
  2. Copy of Form 16 for the last two years as accepted by the IT department or copy of the IT return for the last two financial years

Income Proof for Self Employed Applicant / Co-Applicant / Guarantor

  1. business address proof
  2. IT returns of last three years
  3. Balance Sheet and Profit and Loss Account information for the last three years
  4. business license information
  5. TDS Certificate (Form 16A, if applicable)
  6. Qualification Certificate (for CA/Doctor and other professional)

documents from another bank

  1. List of original documents kept in the bank
  2. Loan account information for the last year
  3. acceptance letter
  4. interim security period

Documents Required for SBI Realty Home Loan

Following is the list of documents required to apply for SBI Realty Home Loan:

  1. owner’s identity card
  2. Completed Loan Application
  3. Three passport size photos
  4. Proof of Identity (Copy of Voter ID / Passport / Driving License / PAN Card)
  5. Proof of residence (copy of recent telephone bill / electricity bill / property tax receipt / Passport / voter ID card)
  6. Proof of business address for self-employed individuals
  7. Bank account/passbook details for the last six months
  8. Signature identification from existing bankers
  9. Personal Assets and Liabilities Statement

For Guarantors (wherever required)

  1. Personal Assets and Liabilities Statement
  2. 2 passport size photos
  3. identity certificate
  4. Address proof
  5. business address certificate
  6. Signature identification from your current bankers

Additional documents

  • For Employed Persons:
  1. Original salary certificate received from the company
  2. IT return a copy of the last two years, Form 16 along with the TDS certificate
  • For Professional / Self Employed / Other IT Assessment:
  1. Approved Documents/IT Returns/Assessment Orders of three years of business
  2. Copy of proof of advance income tax invoice

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