OUR PRODUCTS

SBI Hamara Ghar

Fixed Interest Rate product especially for the affordable segment.

Affordable housing has been steadily gaining prominence in the Real Estate Sector. "SBI Hamara Ghar" is a home loan which has been devised keeping in mind the needs and requirements of the affordable segment customers. It offers low interest rates, with a fixed interest rate for the first 2 years. The maximum loan that can be availed is Rs. 30 lakhs.

  • Features
  • Eligibility
  • Interest Rates & Fees
  • Documents Required
  • Low Interest Rates.
  • Low Processing Fee.
  • No Hidden Charges.
  • Interest charges on Daily Reducing Balance.
  • Fixed Interest Rate for first 2 years.
  • Pre- Payment Penalty levied on loans closed before initial 2 year period.
  • Repayment up to 30 years.
  • Resident type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Tenure: up to 30 years.
  • Loan Amount: Maximum Rs. 30 lakhs
Category Up to Rs. 30 lakhs
Salaried
First 2 Years Rest of the Tenure
Non Salaried
First 2 Years Rest of the Tenure
Women
8.35% p.a Linked to prevailing 1 year MCLR rate
8.50% p.a Linked to prevailing 1 year MCLR rate
Others
8.40% p.a Linked to prevailing 1 year MCLR rate
8.55% p.a Linked to prevailing 1 year MCLR rate

 

Fees

  • Processing Fee*
    1. 0.35% of the loan amount.
    2. Minimum: Rs. 2,000/-
    3. Maximum: Rs. 10,000/-

*Plus applicable taxes

  • Pre-sanction**
    1. Advocate's fee for property search and the title investigation report.
    2. Valuer's fee for valuation report.
  • Post-sanction**
    1. Stamp duty payable for Loan agreement & mortgage.
    2. Property insurance premium.
    3. CERSAI Registration Fee of Rs 50 + service tax up to Rs 5 lakh limit and Rs 100 +service tax for limits above Rs 5 lakh

** To be paid at actuals.

Click here to view old Interest Rates

List of papers/ documents applicable to all applicants:

  • Loan Application: Completed loan application form duly filled in and affixed with 3 Passport size photographs
  • Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
  • 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:

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

Account Statement:

  • Bank A/c. Statement (Individual) for last six months
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

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

  • Current Salary Slip or Salary Certificate
  • 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 Co-applicant/ Guarantor:

  • IT returns for last 3 years
  • Balance Sheet & Profit & loss A/c for last 3 years
  • Business License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)

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