[2021] How To Take Home Loan From SBI (State Bank Of India)

Today we will tell you how to take a home loan. Friends, today we will teach you how to take home loan from India's best bank sbi.If you want to take a home loan and that too at very low interest rate and also want to see the flexibility of repayment. Here State Bank of India can become the bank for you with the lowest processing fee which will provide you home loan. And at the same time, taking home loan away will also give you good facilities / services.

Friends, here I have told you step by step with images, how you can take home loan from State Bank Of India.

First of all you visit Home Loan SBIAs soon as the website will open, some products will be shown in front of you like:- Take Online Personal Loan For Reliance Money

Take Home Loan From SBI
Take Home Loan From SBI

  1. SBI Regular home loan
  2. SBI Balance transfer of home loan
  3. SBI NRI Home loan
  4. SBI Flexipay home loan

[2021] How To Take Home Loan From SBI (State Bank Of India)

All you have to do is click on Regular Home Loan. Now you have to read through regular home loan features, eligibility, interest rates & fees, documents required, etc. To take home loan from SBI, you have to fulfill all the conditions, policies only then you are eligible to take home loan from State Bank Of India.


  • Home Loan products to suit every customers need
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges

No Pre Payment Penalty - When you make the payment of your loan, you do not have to pay any extra charges. How much rupees have you taken on your loan? You can make that much money. You do not need to pay any extra charges.

Interest charges on Daily Reducing Balance - Suppose you have taken a loan of 5 Lakhs and after 2 years your loan is left for 3 Lakhs then your interest will be applicable only on 3 Lakhs . This is what we call Daily Reducing Balance.

Repayment up to 30 years - You can repay your loan up to 30 years.

  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers

Eligibility -From which people are eligible to take home loan from State Bank of India.

  1. Resident Type: Resident Indian
  2. Minimum Age: 18 years
  3. Maximum Age: 70 years
  4. Loan Tenure: up to 30 years.
  5. Loan Amount: Click Here

1. The person who is taking the loan is from India country. If you living from any other country then you will not get the loan.

2. Your age should be at least 18 and more than 70.

3. You can take a loan for 30 years.

4. According to your eligibility, you can check the loan amount, how much loan can you get according to your eligibility.

Interest Rates & Fees:- 

  • *Interest rate will vary as per the risk score of the customer
  • **Based on LTV (Life Time Value) of the Customer

Consolidated Processing Fee structure (including Advocate Fee and Valuer Fees) will be as under:

“0.40% of the loan amount plus applicable GST subject to a minimum of Rs 10000/- and maximum of Rs 30000/- plus GST. 

1 year ago this processing fee was 0.35%, today it has become 0.40% in June 2021.

0.40% includes your gst tax.

Example - Suppose you have taken a loan of 5 lakhs, then it will pay your processing fee on your loan. No matter how much loan amount you take, your processing fee will not be charged more than Rs 30000.

  • Minimum Processing Fees - 10000
  • Maximum processing fees - 30000

However, for builder tie up projects where individual TIR and Valuation Is not required: 0.40% of loan amount subject to max. recovery of Rs. 10000/- plus applicable tax.

And, If TIR (Title Investigation Report) and Valuation is required, then normal charge as mentioned above will be applicable.

Document Required:- 

List of papers/ documents applicable to all applicants:

  1. Employer Identity Card
  2. Loan Application: Completed loan application 
  3. form duly filled in affixed with 3 Passport size photographs
  4. Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
  5. Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers:

  1. Permission for construction (where applicable)
  2. Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
  3. Occupancy Certificate (in case of ready to move property)
  4. Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
  5. Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
  6. Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

  1. Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  2. If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
  3. Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
  4. Salary Slip or Salary Certificate of last 3 months
  5. Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

  1. Business address proof
  2. IT returns for last 3 years
  3. Balance Sheet & Profit & Loss A/c for last 3 years
  4. Business License Details(or equivalent)
  5. TDS Certificate (Form 16A, if applicable)
  6. Certificate of qualification (for C.A./ Doctor and other professionals)

If you fulfill all the conditions then you have to click on apply now. Now you have to fill 3 steps

Get Eligibility (Relationship with bank)

Do you have an existing relationship with sbi - If your account is already in Sbi bank then do yes or else no.

Type of relationship - Do you have a home loan account or a salaried account or a different account "select one".

Account no. - Your account no. Enter the one you have selected.

Enter mobile no. Enter the number given in your bank.

Check box par tick kare. I hereby authorize State Bank

& Last Click SUBMIT.