Jun 28
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Documents Required for Home Loan SBI
Getting a home loan is the biggest financial decision you make in your life. Nowadays, with most lending institutions reducing the amount of paperwork, availing a home loan is a simple process. With everything in order, your home loan can be sanctioned in as less as 24 hours as well. SBI offers a broad portfolio of retail loans and SBI home loan is one of the most preferred option by home buyers. Read on for more information on documentation and guarantor requirements to avail a home loan from SBI.
List of Documents Required to Be Submitted for An SBI Home Loan
- A duly-filled loan application form
- Three passport size photographs of the applicant
- A government issued photo identity proof (Voter ID, passport, driving license, etc.)
- Proof of residence (telephone bills or electricity bills would suffice)
- For non-salaried applicants, proof of business is required
- Bank statement for the past six months
- Statement of personal liabilities
- Personal assets statement
- Signature identification from the present banking institution
- Documents required for the guarantor
- Statement for personal assets and liabilities
- Two passport size photographs
- Identity proof (Voter ID, passport, driving license, etc.)
- Proof of the current and permanent residence
- Address of the firm, in case the guarantor is self employed
- Signature identification from the present banking institution
Documents Required For Guarantor (Wherever Required):
- Needed Statement of Your Personal Assets and Liabilities
- 2 passport size photocopies
- Proof of identification as above
- Proof of residence as above
- Proof of business address as above
- Signature identification from his/her present bankers
Additional Documents Required for Salaried Home Loan Applicants
In addition to the above, salaried home loan applicants are required to submit the following documents:
- Salary certificate from the current employer (original)
- TDS certificate or Form 16 or copies of tax returns for last 2 years
Additional Documents Required for Self-Employed Home Loan Applicants
- Copies of IT returns for the last three years or assessment orders
- Copies of challans as a proof of Advance Income Tax payment
