What Is eSBTR For Home Loan?

The eSBTR full form in banking is electronic Secure Bank & Treasury Receipt. It is one of the various stamp duty payments that are paid at the designated bank. This eSBTR is only available in Maharashtra. It has built-in security features like a watermark, microsecurity threads, and more. They help in preventing duplication, tampering, background tint, perforated document logos, and fraud. 

It is better to enquire about the eSBTR charges on home loan from the banks only. Since stamp duty charges are not covered by home loans, I believe there will be no eSBTR charges as well but it's better to visit the bank or ask the officials about it by calling. Here are the branches of eSBTR you can contact:

How to obtain eSBTR?

The customer is required to submit the proof of payment that is received when the payment is successful. The payment can be done via net banking. Just make sure to take a printout of the proof to submit to the authorised bank branch to obtain an eSBTR. 

This is all I know about e SBTR meaning.

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Recently we bought a property and had to get all the procedures done by paying the stamp duty. Stamp duty is the tax that is levied on property purchase or documents. Government imposes stamp duties on documents that need to be legally recorded and that is why it is very important to get it done as soon as possible. The eSBTR is an online stamp duty payment service. It looks like a non-judicial e stamp paper and gets printed on a secure stationery provided by The Indian Security Press. The eSBTR full form is electronic Secure Bank & Treasury Receipt. Get to know more about it here.

As far as I know, stamp duty and registration charges are overhead charges and not covered by Home Loan.

The stamp Duty on loan agreement is however 0.5% of the amount secured by the deed if the loan is repayable on demand for more than three months for the date of the instrument evidencing the agreement.

Before applying for a home loan it is better to issue an eSBTR that acts as a proof of payment and is as relevant as a stamp paper and can furnish it whenever necessary.

I hope eSBTR full form and relevance is clear to you now. 

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