SBI home loan includes options for the purchase of ready-built property, purchase of under-construction property, purchase of pre-owned homes, construction of a house, extension of house, and repair/renovation. I recently opted for the SBI home improvement loan. Hence, I can provide you all with the list of documents required for home renovation loan SBI.
Get home loans without hefty paperwork through NoBrokerWhat documents required for SBI home renovation loan?
List of SBI home renovation loan documents applicable to all applicants:- Employer Identity Card
- Proof of Identity (Anyone):
PAN/ Passport/ Driver’s License/ Voter ID card
- Loan Application:
Completed loan application form duly filled in and affixed with 3 Passport size photographs
- Proof of Residence/ Address (Any one):
A recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
Property Papers:Permission for construction (where applicable)
Occupancy Certificate (in case of ready-to-move property)
Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
Payment Receipts or bank A/C statements showing all the payments made to Builder/Seller
Last 6 month’s Bank Account Statements for all Bank Accounts held by the applicant/s
Loan A/C statement for last 1 year, If there is any previous loan from other Banks/Lenders
Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.
Salary Slip or Salary Certificate for the last 3 months
Business address proof
Balance Sheet & Profit & Loss A/c for last 3 years
IT returns for last 3 years
Business License Details(or equivalent)
TDS Certificate (Form 16A, if applicable)
Certificate of qualification (for C.A./ Doctor and other professionals)
What are the eligibility criteria to avail SBI home improvement loan?
Resident Type: Resident Indian
Minimum Age: 18 years
Maximum Age: 70 years
Loan Tenure: up to 30 years.
I’d like to conclude my answer here about the SBI home improvement loan and the list of documents required for home renovation loan SBI. I hope this helps:)
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Authors Of The Question
What Documents Required for SBI Home Renovation Loan?
Samhita
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1 Answers
1 Year
2023-05-17T23:10:56+00:00 2023-05-17T23:20:16+00:00Comment
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