What are the documents required for property loan in SBI?
Documents Required 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)
What documents are required for home loan approval?
List of Documents Required for Home Loan
- Property Documents. Sales deed, stamped agreement of sale, or allotment letter. NOC from the housing society or builder.
- Identity Proof. Aadhaar. PAN.
- Address Proof. Any of the above identity proof document with the permanent address. Electricity bill.
- Passport sized Photograph.
What is the minimum salary for SBI home loan?
State Bank of India (SBI) Home Loan Eligibility Criteria
| Eligibility Criteria | Salaried and Self-Employed |
|---|---|
| Income Criteria | Minimum salary for State Bank of India (SBI) Home Loan Rs.25000 |
| Age Criteria | Minimum: 21 years Maximum: 60 years |
| Loan Tenure | Up to 30 years |
| Loan Amount | No cap, depending on your repayment capacity |
Is SBI good for home loan?
SBI offers lower Home Loan EMI at ₹ 642 on a Home Loan for 30 Years as compared to HDFC with a minimum EMI of ₹ 645 for 30 Years. Average customer ratings for SBI is currently at 4.2/5.0 which makes it a good choice for taking a Home Loan.
Is Patta required for home loan?
You will only get the document issued if there is any house or building built on it. If there are multiple owners for a single plot then a single Patta is being issued for all the owners. But in that case the there must be a division of the property. If there is an undivided land Patta will not get issued.
What is minimum salary required for home loan?
What is the Minimum Salary for a Home Loan? Your salary should be above Rs. 15,000 per month to qualify for a home loan.
What are the property documents?
Here is an important checklist of property documents you need to have a look at!
- Sale Deed:
- RTC Extracts:
- Khata Certificate and Extracts:
- Mutation Register Extracts:
- Joint Development Agreement:
- General Power of Attorney:
- NOC:
- Ratification Deed:
Can we build house without Patta?
Some residents, who have constructed houses without patta, are expected to benefit from the decision of the government, but some houses are expected to be demolished to make way for eco-restoration of waterbodies.
Which bank gives business loan in India?
HDFC Bank Business Loan. This bank gives fast approval and it is perfect for a business loan.
What is home loan interest rate in India?
Home loan interest rates vary from one lender to another. Currently, SBI offers the lowest home loan rate at 8.05% p.a. The 4th consecutive RBI repo rate cut by 35 bps has brought down the home loan interest rates in India across all banks, NBFCs and HFCs. The prevailing repo rate is 5.40% .
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