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SBI CRE (Commercial Real Estate) Home Loan

Looking for your next investment in residential space?

CRE Home Loans are for individuals who own two houses or more, and seeking funding for owning their next home. The maximum number of houses/flats/residential plots is restricted to 3 under CRE Home Loans. The maximum number of Home Loans in the name of an individual, including the existing loans and the proposed one is restricted to 5 (five) Home Loans (excluding closed accounts) under Home Loan Scheme.

  • Features
  • Eligibility
  • Interest Rates & Fees
  • Documents Required
  • Low Interest Rates
  • Low Processing Fees
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest on daily reducing Balance
  • Home Loan Available as Overdraft
  • Interest Concession for Women Borrowers
  • Resident Type: Resident Indian
  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Loan Tenure: up to 30 years.
  • Loan Amount: Click Here
Category
Home Loan (Term Loan)*
Upto Rs. 30 lakhs Above Rs.30 lakhs & Upto Rs.75 lakhs Above Rs.75 lakhs
Home Loan as Overdraft (Maxgain)*
Above Rs.20 lakhs & Upto Rs.30 lakhs Above Rs.30 lakhs & Upto Rs.75 lakhs Above Rs.75 lakhs & Upto Rs.3 crores
Salaried
Women
8.65-8.75 ** % p.a 8.80-8.90% p.a 8.90-9.00% p.a
8.70-8.80 ** % p.a 8.90-9.00% p.a 9.05-9.15% p.a
Others
8.70-8.80 ** % p.a 8.85-8.95% p.a 8.95-9.05% p.a
8.75-8.85 ** % p.a 8.95-9.05% p.a 9.10-9.20% p.a
Non-Salaried
Women
8.80-8.90 ** % p.a 8.95-9.05% p.a 9.05-9.15% p.a
8.90-9.00 ** % p.a 9.10-9.20% p.a 9.25-9.35% p.a
Others
8.85-8.95 ** % p.a 9.00-9.10% p.a 9.10-9.20% p.a
8.95-9.05 ** % p.a 9.15-9.25% p.a 9.30-9.40% p.a

*Interest rate will vary as per the risk score of the customer

** Based on LTV of the Customer

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 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 + GST up to Rs 5 Lakh limit and Rs 100 + GST 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:

  • Employer Identity Card
  • Loan Application: Completed loan application form duly filled in 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:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  • 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:

  • Salary Slip or Salary Certificate of last 3 months
  • 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:

  • Business address proof
  • 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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