R P Mohan (SBI Marketing Consultant – Home Loans)
Mob: 9972332523 Email : rpmohansbi@gmail.com
Financing will be done for BDA, BBMP approved properties only
Date: 13.08.2011 Base Rate =10.00% p.a.
Loan amount
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Present Effective Rate (Floating)
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Upto Rs. 30 Lacs
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10.75% p.a (0.75% above Base Rate)
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Rs. 30Lacs - Rs. 75 Lacs
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11.00% p.a (1.00% above Base Rate)
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Above 75 Lacks
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11.25% p.a (1.75% above Base Rate)
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Fixed interest rate
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No Fixed Interest Rate option
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Please note special home loan campaign is on upto 30th September 2012. A concession of 0.25% is available during this period i.e. upto 30th September 2012
Processing fee :- Loan Amount Processing Fee
Upto Rs 25 lacs
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0.25% of loan amount
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Rs.25 lacs to Rs.75 lacs
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Rs.6,500/-
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Above 75 lacs
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Rs.10,000/-
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Funding :- Out of total project cost 80% loan will be funded.
Example: 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:
- Daily reducing balance interest
- No hidden charges
- Free accident insurance
- Optional life insurance from SBI Life
List of Documents
1. Application form duly filled
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2.SBI - Savings Bank Account witha min.balance of Rs.5000/- (mandatory)
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3. Salary Slip- last 3 months
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Additional documents for Take Over Loans:
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4. Copy of Form 16/IT returns- last 2 yrs
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1) Pre Closure Letter from other Bank with HL o/s
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5. Photograph – 1 each for applicant(s)/guarantor
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2) Statement of HL account from beginning
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6. Bank Statement for 6 months – salary account
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3)Letter stating list of original documents held with the existing bank
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7. Copy of employer's Identity Card, PAN card
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4) Certified copy of Sale Deed
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8. Address Proof – HR letter
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5) Home loan sanction letter from the other Bank
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9. Employment proof – HR letter proving the service in the company
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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)
Interim Gaurantor is required for Take over loans | |
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
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12. Legal charges (Rs.1500/-)and valuation charges Rs.1500/- & Stamp duty for loan documents
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Please note that EM creation charges ARE as applicable
