Loan docs

DOCUMENTS LIST FOR HOUSING LOAN (SBI)

Personal documents

1. 2 photo passport size
2. Salary slip for last 3 months stamped by HR
3. Form no. 16  for last 2 years.
     
   1.                                                     
4. Bank A/C statement for last 6 months stamped by bank.
5. Proof of residence (ration card / electricity bill/ telephone bill/company letter)
6. Proof of identity (pan /driving license/ voter card/ passport)
     
7. All Loan A/C statement if any other outside loan.
8. Experience letter of privious company if Present employment is less than 2 years.
9. Confirmation letter of present company
10. Investment details
11. Margin Proof

Documents for self employed

1.IT Return for last 3 years alongwith financial documents(P&L statement)

2.Bank account statement of one year

3.Loan account statement for one yer if any

4.Shop Act Licence

5. Buisness profile

6.Partnership deed/Memorandum of Association

Property Documents

1. Agreement for sale of the said land with seller (document no.6).with Index2, Stamp & regi. Receipt..
2. Approved plan copy (Sanction Plan Blue print)
3. NOC from society/ builder.
4. Down payment receipts.
5. Property Document Set containing

( Development agreement, Power of attorney, NA permission, ULC order, 7/12 extracts,Title and search report, Commencement certificate to construct)

For resale

With addition to above documents

1. Previous agreement in respect of said flat. With index -II
2. Latest bills in respect of the said flat

      i) property tax  ii) electricity iii) society maintenance in respect of the said flat.                                   

3. Registration certificate of the society
4. Conveyance deed between the landowner and the co-operative housing society if any.
5. Copy of the latest payment of the tax paid to the corporation.
6. Completion certificate and Possession Certificate.
7. Share certificate of owner with no due certificate from society

For Take over

With adition to above all documents

1. Sanctioned letter
2. List of documents
3. Foreclosure letter
4. Loan A/c statement   

NOTES-

• One set of document will be submitted in branch. Original documents will be required for verification and will be returned after verification.
• Builder /Society NOC, Adv search, Valuation report will be submitted in original
• Self Attestation is necessary on all Xerox copies Submitted like Pan Card, Passport, and Residence Proof-MSEB bill, Telephone Bill, Tax Receipt etc.
• Top up on takeover loan is possible after one year.
• Guarantor is required for takeover loan if property is under construction
• Two years of form 16 are compulsory.
• In case of project has valid APF no. then search report is not required.
• Interest is calculated on daily reducing balance.

Advantages of SBI Home loan

• Low  Interest Rate
• Low processing fee
• Max gain Feature saves lacs rupees
• Quick sanction for processing loan through us
• Bank quickly reduces interest rate as per RB rate.
• Saving account with 4 lacs accidental insurance cover (cost 100Rs)
• Top up loan after one year