Home > Home Loan Process > SBI Home Loan Check List of Documents

SBI Home Loan Check List of Documents

  • Bank: State bank of India Special Home Financing Branch, Jayanagar, Bangalore (Pros and cons of this branch)
  • Interest rates (As of 1st Jan 2011) : 1 year – 8.5% per annum
    2 & 3rd year – 9.25% per annum

List Of Documents

Applicant Documents

  1. Duly Completed Application form
  2. 3 Passport size photographs
  3. Employee ID card
  4. PAN Card
  5. Passport
  6. Date of birth proof: Birth Certificate/School Leaving Certificate/SSLC Marks card.
  7. Driving License
  8. Proof of Residence: Telephone bill/Electricity Bill/Property tax Receipt/Letter from Employer/Lease or Rent Agreement/Gas Connection
  9. Appointment Letter
  10. Cost to the Company (Latest hike letter will be suffice)
  11. Payslips: Latest 3 months Salary slip
  12. Form 16 for the previous 2 years along with the IT Return duly acknowledged by the IT authorities
  13. Bank statement /Pass book for the last 6 months where salary is credited
  14. Loan Closure Statement: If you have any other Loans sanction letter with full settlement of account till date
  15. Proof of Source of Margin Money (which should be mentioned in the application at the sources of funds and use of funds column)
  16. Proof of Margin Money already paid
  17. Proof of Assets as declared in the application form (eg: photocopies of LIC policies, papers of immovable properties, shares/debentures. you can show gold as asset which doesn’t require any proof)
  18. Marriage Certificate in case of joint borrowing
  19. Highest Qualification Certificate
  20. RC book of Vehicles used
  21. Cost Breakup letter from the builder
  22. E-mail id of HR person for confirmation of employment Status

Property Related Docments

  1. Legal Opinion from an advocate who is a member of SBI Panel
  2. Opinion from a Valuator who is a member of SBI Panel (This is to ascertain that the property which we are planning to buy has a market value which the builder is claiming. Bank will give loan for the minimum of the following min[80% of the value by builder, 80% of the value quoted by Valuator])
  3. Photocopies of Land originals to be kept ready for verification
  4. No Objection letter from the financier in case the builder has availed project loan or a letter from the builder certifying that no loan has been availed
  5. Sales Agreement & Construction Agreement Copy

Guarantors Documents (Guarantor is required only if the construction is going on)

  1. 3 Passport/Stamp size photograph
  2. Employee ID Card
  3. Passport, Voter’s ID Card, PAN Card
  4. Bank Statement/PassBook for the last 6 months where Salary is credited
  5. pay Slips for the last 3 months
  6. 2 years IT Returns and Form 16
  7. Proof Assets as declared in application form
Categories: Home Loan Process
    June 22, 2011 at 3:25 PM

    Hi Thanks for your services
    It is really Good that you could find some time to help others

  2. sunil.k
    February 6, 2012 at 6:24 PM

    i already submitted all these data. ctc not asked, pay slips only…… thnx very much…..

  3. Er.Prince Sashi Kanth
    February 27, 2012 at 12:07 PM

    Thank You so much – Instant Help.

  4. Rahul Roy
    May 22, 2012 at 12:19 PM

    if the loan taker is illiterate, how will he give educational proof?

  5. Vaidy
    June 5, 2012 at 2:01 PM

    Hi, I have a question. Will SBI sanction loan to apartment which has an unsanctioned penthouse? I am not buying the penthouse, it is just that the apartment has one illegally built. Also, is there a maximum allowed deviation beyond which loan will not be sanctioned? Thanks, Vaidya

    • June 7, 2012 at 7:48 PM

      Hi Vaidy,
      Sorry for the late reply..I am neither working for SBI nor a home loan expert :)…so cant comment on it.

  6. June 22, 2012 at 3:30 PM

    if the loan taker is illiterate, how will he give educational proof?thankful shiring

  7. santhosh
    August 24, 2012 at 4:02 PM

    Thanks…Really helpful for the biggest thing in our life.

  8. Soundar
    October 10, 2012 at 9:59 PM

    Hi Can anyone help me on below query?

    Is it mandatory to submit the blank cheques for SBI home loan. (with no date & no payee and no amount filled )

  9. October 14, 2012 at 3:46 PM

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  11. S R Vijay
    November 16, 2012 at 1:32 PM

    I want to know which legal documents are to be verified if I want to avail home loans

  12. Rudra Prasad Gauda
    January 2, 2013 at 10:19 PM

    I’m working as a Revenue Inspector in the pay scale of PB-2 9300-34800 GP 4200 but SBI ORKEL branch can’t sanction a home loan for me.

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    January 2, 2013 at 10:22 PM

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  14. sutanu chowdhury
    January 15, 2013 at 12:03 AM

    To take home loan from sbi, for a railway employee is mandatory to submit prior permission from competent authority?

    • January 15, 2013 at 11:20 AM

      Hi Sutanu,
      Sorry, I am not aware of that.

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  32. lalan kumar singh
    September 13, 2015 at 10:52 AM

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  33. sathyanarayanan
    March 30, 2016 at 9:06 AM

    A person working from Home for a foreign company in Australia. No office of the company in India What kind of proof he has to give and is he eligible for loan from any banks in India

  34. December 26, 2016 at 11:48 PM

    Hi sir, I applied fr Home loan, in sanctioned letter ,we got loan as 1500000 and ROi 9.10,
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  35. Anil Sasi
    February 14, 2018 at 10:16 AM

    wht do we do if we do not hve form 16

  1. September 13, 2012 at 1:21 PM
  2. September 13, 2012 at 3:37 PM
  3. April 9, 2015 at 2:08 PM
  4. May 22, 2015 at 7:42 AM
  5. May 22, 2015 at 8:18 AM
  6. May 25, 2015 at 8:40 AM
  7. August 27, 2015 at 9:24 AM
  8. September 1, 2015 at 1:11 AM
  9. September 2, 2015 at 10:33 PM
  10. September 8, 2015 at 10:42 PM

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