SBI Home Loan

R P Mohan (SBI Marketing Consultant – Home Loans)

Financing will be done for BDA,BMRDA,BIAAPA, BBMP approved properties only

1. SBI EASY HOME LOAN (03.01.2011)
(Base Rate =8.00% p.a.)

Loan amount	Maximum Rs.30 Lacs
Facility Type	OD (Maxgain) or TL
Interest during first year	0.50% above Base Rate, present effective rate 8.50% p.a.
2nd & 3rd year	1.25% above Base Rate, present effective rate being at 9.25% p.a.
Interest rate from 4^th year	1.50% above Base Rate, present effective rate 9.50% p.a.
Fixed interest rate	No Fixed Interest Rate option

2. SBI ADVANTAGE HOME LOAN (03.01.2011)

Loan amount	Rs.30 Lacs up to Rs.75 Lacs
Facility Type	TL / Maxgain
Interest during first year	0.50% above Base Rate, present effective rate 8.50% p.a.
2nd & 3rd year	1.25% above Base Rate, present effective rate being at 9.25%. p.a.
Interest Rate from 4^th year	9.75% p.a. – 1.75% above Base Rate
Fixed interest rate	No Fixed Interest Rate option

3. SBI PREMIUM HOME LOAN (03.01.2011)

Loan amount	Above Rs.75 Lacs
Facility Type	TL / (Maxgain up to 1 Crore)
Interest Rate	1.75% above Base Rate, present effective rate being 9.75% p.a.
Fixed interest rate	No Fixed Interest Rate option

Processing fee :- Loan Amount Processing Fee (Revised)

Funding :- Out of total project cost 80% loan will be funded including regn/stamp duty.

Example: Project cost – 28Lakhs; Registration ;1 lakh, Interiors; 1 lakh Total Project cost – 30 Lakhs

Allowed loan = 80% of the cost = 80% * 30 Lakhs = 24 Lakhs

Note:- We also takeover existing housing loans of other banks/FI's.

Features of our Housing loan:

List of Documents

1. Application form duly filled
2.SBI - Savings Bank Account with a min.balance of Rs.5000/- (Applicable for SBI Maxgain A/c’s)
3. Salary Slip- last 3 months	Additional documents for Take Over Loans:
4. Copy of Form 16/IT returns- last 2 yrs	1) Pre Closure Letter from other Bank with HL o/s
5. Photograph – 1 each for applicant(s)/guarantor	2) Statement of HL account from beginning
6. Bank Statement for 6 months – salary account	3)Letter stating list of original documents held with the existing bank
7. Copy of employer's Identity Card, PAN card	4) Certified copy of Sale Deed
8. Address Proof – HR letter
9. Employment proof – HR letter proving the service in the company
10. Guarantor-proof of ID, address, property, if working then 1 month salary slip, IT returns for 1 year (Guarantor required if project is under construction/purchase of plot/takeovers)
11. Property Documents (Sale agreement, Construction agrmt, Latest Taxpaid receipt, Copy of Mother deed, approvals from local authorities, Sanctioned plan, etc.) ENCUMBRANCE Certificate for 13 YEARS
12. Legal charges (Rs.1500/-)and valuation charges Rs.1500/- & Stamp duty for loan documents

Please note that EM creation charges ARE as applicable

Approx EMI chart at prevailing interest rates