SBI Regular Home Loan

Home Loan as Overdraft (Maxgain) Interest Rates 

Loan Amount	MAXGAIN (Salaried)
Up to Rs.30 lakh	7.15%
Above Rs.30 lakh to Rs.75 lakh	7.40%
Above Rs.75 lakh	7.50%

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Festive Offers

Loan Bracket	CIBIL/CIC Score	CIBIL/CIC Score
Up to Rs.30 lakh	Less than 800	No Change in present terms applicable for Card Interest rate
	More than 800	6.70%
	700-750	6.90%
	751-800	6.80%
Over Rs.30 lakh	Over 800	6.70%

Features and Benefits of SBI Regular Home Loan 

1. Competitive interest rates starting from 6.80% p.a.
2. Interest rate concession for women applicants 
3. Repayment tenure of up to 30 years 
4. No hidden charges 
5. No prepayment penalties levied 
6. Home loan overdraft facility available

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Eligibility Criteria 

Resident type	Indian
Age	Minimum: 18 years  Maximum: 70 years
Employment type	Salaried and self-employed

Documents Required 

1. Employer's ID card
2. 3 passport-size photographs with the duly filled loan application form 
3. Address proof
4. Identity proof
5. Property-related documents 
6. Last 6 month's bank account statements 
7. Loan account statement for the last 1 year (only if applicable) 

Income proof for the salaried:

1. Last 3 month's salary slips
2. Copy of Income Tax Returns for the last 2 years or copy of Form 16

Income proof for the self-employed/non-salaried

1. Last 3 year's profit and loss account statements
2. Last 2 year's Income Tax Returns
3. Business address proof
4. Business license details 
5. Balance sheet details for the last 3 years 
6. TDS certificate 
7. Qualification certificate (for doctors, C.A., and other professionals) 

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FAQs on SBI Regular Home Loan

• What documents would I require at the time of property possession?

  At the time of possession, you will require original copies of the title agreements and with the building plan approval letter, possession letter, original receipts of stamp duty and registration, NOC (No Objection Certificate) from the "society", and proof of payment of all outstanding dues including taxes till the date of possession.

• Is there any way to verify that the documents provided by the seller are genuine?

  Building approvals can be confirmed from the corporation office , Property ownership documents can be verified from the Sub-Registrar's office,   Society-related share certificates can be verified from the society itself 

• Is there any limit to the number of properties I can own?

  No, there's no limit as such. You can own as many properties as you want.

• Can an NRI apply for this facility?

  No, only those residing in India can apply for this scheme.

• I am planning to buy a new property. What are the documents I need to check?
  1. Title deed 
  2. Sale deed 
  3. Building plan approvals 
  4. Encumbrance certificate 
  5. Khata certificate 
  6. Completion certificate for newly constructed property 
  7. Property commence certificate for under construction property 
  8. Conversion certificate 
  9. Latest tax receipts 
  10. Property occupancy certificate