STATE BANK OF INDIA

What documents are required for a SBI loan?

Proof of identity (Photocopies of PAN/Passport/Driver's License, Voter ID card) 3. Proof of Residence (photo copies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card) 4. Statement of Bank account for last 12 months held by the applicant/s.

Rate of Interest : 8.5%

Processing Charges :Nil

(Could be change anytime as per Policy)

Bank of India

Rate of Interest : 8.4%

Processing Charges : 0.25% + GST

(Could be change anytime as per Policy)

LIC Housing Finance

Rate of Interest : 8.5%

Processing Charges : 0.25% + GST

(Could be change anytime as per Policy)

Bank of Baroda

Rate of Interest : 8.4%

Processing Charges : Nil

(Could be change anytime as per Policy)

Union Bank

Rate of Interest : 8.35%

Processing Charges : Nil

(Could be change anytime as per Policy)

Indian Bank

Rate of Interest : 8.4%

Processing Charges : Up to 1.00% of the loan amount

(Could be change anytime as per Policy)

Bandhan Bank Home Loan

Rate of Interest : 8.65%

Processing Charges : 0.25% + GST

(Could be change anytime as per Policy)

PNB Housing Finance

Rate of Interest : 8.4%

Processing Charges :

Up to 1.00% of the loan amount

(Could be change anytime as per Policy)

Indian Overseas Bank

Rate of Interest : 8.4%

Processing Charges : Nil

(Could be change anytime as per Policy)

Bank of Maharashtra

Rate of Interest : 8.35%

Processing Charges : Nil

(Could be change anytime as per Policy)

Punjab and Sind Bank

Rate of Interest : 8.4%

Processing Charges : Up to 1.00% of the loan amount

(Could be change anytime as per Policy)

Mahindra Home Finance

Rate of Interest : 8.4%

Processing Charges : Up to 1.00% of the loan amount

(Could be change anytime as per Policy)

Utkarsh Small Finance Bank

Rate of Interest : 8.4%

Processing Charges : Up to 1.00% of the loan amount

(Could be change anytime as per Policy)

IDBI Bank Home Loan

Rate of Interest : 8.45%

Processing Charges : Nil

(Could be change anytime as per Policy)

Indusland Bank Home Loan

Rate of Interest : 8.4%

Processing Charges : 1% of loan amount or Rs 10,000 whichever is higher, IMD – Rs 2,500

(Could be change anytime as per Policy)

Axis Bank Home Loan

Rate of Interest : 8.4%

Processing Charges : Up to 1% (Min. of Rs. 10,000) + GST

(Could be change anytime as per Policy)

ICICI Bank Home Loan

Rate of Interest : 8.4%

Processing Charges : Nil

(Could be change anytime as per Policy)

HDFC Bank Home Loan

Rate of Interest : 8.6%

Processing Charges : 50% off + GST

(Could be change anytime as per Policy)

IDFC First Bank Home Loan

Rate of Interest : 8.85%

Processing Charges : 0.20%

(Could be change anytime as per Policy)

Kotak Bank Home Loan

Rate of Interest : 8.7%

Processing Charges : Up to 1.00% of the loan amount

(Could be change anytime as per Policy)

Federal Bank Home Loan

Rate of Interest : 8.5%

Processing Charges :Rs.10,000 + Applicable Tax.

(Could be change anytime as per Policy)

Piramal Housing Finance

Rate of Interest : 9.5%

Processing Charges : 0.75% of Loan Amount.

(Could be change anytime as per Policy)

Aidyta Birla Home Loan

Rate of Interest : 8.4%

Processing Charges : Up to 1.00% of the loan amount

(Could be change anytime as per Policy)

Bajaj Housing Finance

Rate of Interest : 8.5%

Processing Charges : Nil

(Could be change anytime as per Policy)

L&T Housing Finance

Rate of Interest : 8.70%

Processing Charges : 0.25% + GST

(Could be change anytime as per Policy)

Shriram Housing Finance Limited

Rate of Interest : 8.75%

Processing Charges : Up to 0.50% of the loan amount or Rs. 5,000 whichever is higher + GST

(Could be change anytime as per Policy)

IIFL Housing Finance

Rate of Interest : 8.75%

Processing Charges : Up to 2% of Loan amount.

(Could be change anytime as per Policy)

Aadhaar Housing Finance

Rate of Interest : 9.99%

Processing Charges : 0.5% to 2% of Loan Amount.

(Could be change anytime as per Policy)

Cholamandalam Housing Finance

Rate of Interest : 11.50%

Processing Charges : Rs. 5000 (Including GST)

(Could be change anytime as per Policy)

Indiabulls Housing Finance

Rate of Interest : 8.75%

Processing Charges : 0.50% for salaried and 1% for SENP + Applicable taxes

(Could be change anytime as per Policy)

Hero Housing Finance Limited

Rate of Interest : 10.0%

Processing Charges : 1% of Loan Amount.

(Could be change anytime as per Policy)

Au Small Finance Bank

Rate of Interest : 9.5%

Processing Charges : Up to 2% of Loan Amount.

(Could be change anytime as per Policy)

Loan Against Property

Checklist of Loan Documents Required:

For Salaried Applicants:

• Proof of identification (any one of the following):

  1. PAN card

  2. Passport

  3. Driving License

  4. Voter’s ID

  5. Employee ID

  6. Bank passbook

  7. Ration card

• Address proof (any one of the following):

  1. Passport

  2. Utility bill (telephone, electricity, water, gas) – less than 2 months old

  3. Letter from a recognized public authority verifying the customer’s residence address

  4. Bank passbook or Bank account statement

  5. Voter’s ID

  6. Ration card

  7. LIC policy/ receipt

• Residence ownership proof (any one of the following):

  1. Property documents

  2. Maintenance bill

  3. Electricity bill

• Proof of income (any one of the following):

  1. Pay slip (Last 2 months)

  2. Increment or Promotion letter

  3. IT returns (for 3 years)

  4. Form 16

  5. Certified letter from Employer

• Proof of job continuity (any one of the following):

  1. Current job appointment letter (if more than 2 years have been spent in the same job)

  2. Current employment certificate

  3. Experience certificate (including previous job certificate or appointment and relieving letter)

• Bank statement: Last 6 months bank statements of salary account

• Existing loans: In case of any existing loan, need to submit sanction letter, payment track record

• Investment proof (if any): fixed deposit, fixed assets, shares, etc.

• Copies of all property documents: Sales deed/copy of Agreement, share certificate (if society formed), latest maintenance bill

• Advance processing cheque: to process loan documents for sanction

For self-employed Individual/Businessman:

• Proof of Identification

• Address Proof

• Residence ownership proof (any one of the following):

  1. Property documents

  2. Electricity bill

  3. Maintenance bill

• Office address and ownership proof (any one of the following):

  1. Property documents

  2. Electricity bill

  3. Maintenance bill

• Proof of business existence (any one of the following)

  1. Sales deed/ agreement (executed)

  2. Saral copy (3 years old)

  3. Copy of tax registration

  4. Company registration license

• Proof of Income (any one of the following):

  1. Last 3 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant

  2. Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable

• Bank statement: Latest 1-year bank statement (both savings and current)

• Copies of all property documents: Sale deed/copy of Agreement, share certificate (if society formed), maintenance bill

• Advance processing cheque: to process loan documents for sanction

• Passport size, colored photograph

• Investment proof (if any): fixed deposit, fixed assets, shares, etc.

• Existing loans: In case of any existing loan, need to submit sanction letter, payment track record

• Professional Degree Certificate: (in case of professionals).

SANCTION LIST OF DOCUMENTS

SALARIED:

1. Application form completed with 2 photograph duly filled in and signed

2. ID Proof : PAN CARD

3. Residence Proof : Latest Telephone bill / Bank Statement containing address for last 6 months / Electricity bill / Ration card / Letter from Employer

4. Salary slips for last 3 months

5. Latest Form 16

6. Copy of Appointment Letter with Latest CTC & Confirmation Letter

7. Original Bank Statement / Passbook of salary A/C for last 6 months (updated)

8. Last Qualification Proof

9. Previous Employment details if applicant is in probation

10. Investment Proof

11. Processing Fees Cheque

12. Repayment Track Record if any

SELF EMPLOYED / PROFESSIONAL:

1. Application form completed with 2 photograph duly filled in and signed

2. ID Proof : PAN CARD / PASSPORT / VOTER ICARD / Employer ID Card / Driving license

3. Residence Proof : Latest Telephone bill / Bank Statement containing address for last 6 months / Electricity bill / Ration card

4. Last 3 years ITRs ( SARAL, Computation of income, Profit & Loss A/c, Balance Sheet, TDS Certificates ( if applicable ), Tax Paid Challans

5. In case of Partnership firm : ITRs for last 3 years and Partnership Firm

6. In case of company : Audit Reports for last 3 years and MOA & AOA

7. Bank Statement / Passbook of Current & SB A/C for last 6 months ( updated )

8. Alternate Business Proof (Shop Registration Certificate Certificate etc.)

9. Processing Fees Cheque

IN CASE OF TAKE OVER:

1. Outstanding loan quotation

2. Repayment Track Record

3. List of Documents

4. NOC for take over

5. Copies of Property Agreement

6. Sanction plan copy ( Blue Print )

NIR:

1. Copy of Passport, Visa, Service Contract, Salary slip ( all duly attested by Indian embassy / Notary / HFL Officials / Bank )

2. GPA (GENERAL POWER OF ATTORNEY ) in our format ( all duly attested by Indian embassy / Notary / HFL Officials / Bank )

3. Bank Statement for past one years of recent employment

4. NRI Bank Statement for 6 months

5. And see list of salaried documents

# above mentioned income documents are required for the Co-applicant also if

His/her income is considered.

PROPERTY REALATED DOCUMENTS TO BE ATTACHED:

E or F or G or H whichever applicable

E) For Purchase of New Flats from Builders/ Promoters:

1. Agreement to sale with builder and the Registration Receipts.(2 copies)

2. Blue print of the building plan attested by the corporation/ Town Planning authority and the commencement Certificate. The applicant flat should be marked in red colour for easy identification.

3. N.A. Permission and ULC order copy.

4. Title investigation report for last 12 years (Search report for 12 yrs. Conducted within one year.

5. Development Agreement and Power of Attorney / sale deed in favour of the builder.

6. Receipts of payments made to the builder.

7. 7/12 OR CTS extract OR Property card.

8. NOC from builder in prescribed format.

9. Completion Certificate, if obtained.

10. Society documents mentioned below under (I). ( if applicable )

F) For Purchase of Resale Flat:

1. Agreement to sale with the vendor and the Registration Receipt. (2 copies).

2. Agreement to sale between vendor and the builder and its Registration receipt.

3. Copy of the conveyance deed between builder and the society is registered.

4. Receipts of payments made to the vendor.

5. Documents 2, 3, and 4,5,7,8,9,10, of point (E).

G) For construction / Extension / Renovation of House:

1. Sale deed / Lease deed and its Registration.

2. 7/12 extract and the Index II.

3. Demarcation / Layout certification

4. Abstract & Detailed Estimate for construction / extension prepared & certified by a Licensed Surveyor / Architect.

5. Documents 2, 3,4,10, of point (E) above.

H) For Plots / Houses / Flats allowed by MHADA / PCNTDA / MIDC / MHB

1. Allotment letter.

2. NOC from the body.

3. Additional certificate (in PCNTDA) cases only).

4. Lease deed & its Registration receipts.

5. Blue print of the sanction building plan and commencement certificate attested by the sanctioning authority.

6. Receipts of payment made to the body.

I) In point E, F, G & H above, if the flat / house is located in a registered society, the following.

Additional Documents are to be submitted:

1. Society Registration Certificate

2. Society Bye-laws.

3. Share Certificate.

4. Letter of allotment of flat / house / plot.

5. Society NOC. (prescribed format available with our office)

In case of Builder APF or Reference:

• Agreement to sale with builder and the Registration Receipts.

• Blue print of the building plan attested by the corporation/ Town Planning authority and the commencement Certificate. The applicant flat should be marked in red colour for easy identification.

• Receipts of payments made to the builder. If cheque Payment then Bank clearance required.

• NOC from builder in prescribed format.

• Builder Demand Letter