What are the documents required for home loan in SBI?

I’ve recently availed of a pre-approved home loan from SBI. Thus, I’ll be happy to share the list of documents required for home loan SBI. 

What are the Documents for Housing Loan in SBI?

With house loan approval available before property finalization, the SBI Pre-approved Loan (PAL) gives consumers the confidence to negotiate with builders or sellers. A loan applicant's income information is used to establish their eligibility. Upon acceptance, a non-refundable processing fee related to the house loan is collected.

The State Bank of India housing loan documents required for me were as follows,

• A filled-out loan application form affixed with 3 passport size photographs

• A PAN card as a proof of identity

• I had to submit an Aadhar card as a residence proof

• Last 6 month’s Bank account statements for all Bank accounts held by me

• As income proof for salaried applicants, I was also asked to submit a salary slip or salary certificate for the last 3 months

• Copy of Form 16 for the last 2 years or copy of IT returns for last 2 financial years, acknowledged by IT Dept.

These were the home loan paper requirement SBI. I hope this helps!

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Getting a housing loan is one of the biggest financial decisions I made in my life. Nowadays, with most banks reducing the amount of paperwork, getting a housing loan has become very simple. Let me tell you what are the documents required for home loan in SBI.

• Employer ID Card

• Duly filled loan application affixed with three passport size photos

• Identity Proof (Voter ID/PAN/Driver’s License/Passport)

• Address Proof (Recent copy of Piped Gas Bill/Water Bill/Electricity Bill/Telephone Bill  or copy of Aadhar Card/Driving License/Passport)

What Documents Required for SBI Home Loan

• Construction’s permission (where applicable)

• Conveyance Deed (For New Properties), Registered Development Agreement of the builder, and Approved Plan copy (Xerox Blueprint)

• Property Tax Receipt, Electricity Bill, and Maintenance Bill

• Share Certificate (only for Maharashtra)

• Occupancy Certificate (in case of ready to move properties)

• Stamped Agreement for Sale/Allotment Letter/Registered Agreement for Sale (only for Maharashtra)

• Payment Receipts or Bank Account statement displaying all the payments made to Seller

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What Documents are Required for Home Loan in SBI

• Last six months Bank Account Statements for every Bank Account held by the applicant

• If any previous loan from other Lenders/Banks, then the Loan Account statement for the last one year

• Balance Sheet and Profit & Loss account for the last three years

• IT returns for the last three years

• Business address proof

• TDS Certificate (Form 16A, if applicable)

• Business License Details (or equivalent)

• Certificate of qualification (for Doctor, CA, and other professionals)

• Copy of IT Returns for last two financial years or copy of Form 16 for last two years acknowledged by IT Department

• Salary Certificate or Salary Slip of last three months

These are the documents required for housing loan in SBI.

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I hope now you know what are the documents required for home loan in SBI.