A) LOAN ELIGIBILITY:
80
% of (Flat/Agreement cost +service Tax + Vat)for loan upto Rs. 75 lacs and 75 %
of flat / project cost for loan above Rs.75 lacs subject to -
EMI / NMI RATIO :
1. 50
% for ANNUAL INCOME between Rs. 3 lacs to rs. 6 lacs
3. 60
% for ANNUAL INCOME between Rs.6 lacs to
10 lacs
4. 70
% for ANNUAL INCOME above Rs. 10 lacs.
B) DOCUMENTS TO BE SUBMITTED ALONG WITH LOAN
APPLICATION
1.Copy of Pan card and two
passport size photograph
2.Address proof-Electricity
bill/Ration card/Employer letter etc.
3. Latest 3 month Salary
slips.
4. Statement of account
where salary is credited for the last six months
5. Statement of loan
accounts, if any, for the last one year
6.Form 16, IT returns for
the last two financial year.
7.Assets proof and SBI
account at any where.
8.Latest CTC,Joining,Confirmation
Letter.
Call Mr. Chavan - 9881402304 - SBI Authorised Counseller for home loan door step service in Pune.
C) PROPERTY RELATED
DOCUMENTS:
1.
Sale Deed / Agreement to sell, Index II, Registration Receipt
2.
Copy of Approved Plan of proposed construction / house / flat
3.
Letter of Allotment cum NOC from builder / Society in Bank’s format
4.
Margin money receipts
5.
Permission for construction / Commencement certificate from municipal
authorities
6.
Non Agriculture (NA) order from Collector
7.
Copy of Search Report of Builder’s Advocate
8.
Copy of Development Agreement
9.
Copy of Power of attorney given to builder by landlord
10.
Copy of Power of attorney given by builder’s firm to its representative
to sign the agreement
11.
Urban Land Ceiling order.(If applicable)
ADDITIONAL DOCUMENTS
REQUIRED WHEN OLD PROPERTY IS BEING PURCHASED& TAKEOVER
1) All the original
agreements with receipts and Index II in the series
2) Possession Letter,
Completion Letter, Tax Paid Receipt, Latest Light Bill.
3) Society Reg.Copy, Share
Certificate & Soc.NOC as per Bank format.
4) Valuation certificate from Government approved
valuer
TAKEOVER
FROM OTHER BANKS :
1) List of Origional doccuments with other
bank.
2) Last 1 year home loan account statement.
3) Sanction letter of other bank.
4) Foreclosure enquiry letter with other bank
CHARGES / EXPENSES REQUIRED
TO BE INCURRED BY APPLICANT:
1) Title Search Advocate Fee
Rs. 4000/-+ Certified copy fees
2) Valuation Fee, only in case of old property and
new loans of Rs. 20 lacs and above, Rs.845/-.
cheque to
be issued favoring valuer.
3) Processing Fee: Nil/-
4) Property Insurance from
SBI Life Insurance Co. Ltd. (Mandatory), @ Rs.403/- Rupees/Lac for 15 Year
Loan, @536/- Rupees/Lac for 20 year Loan and Rs.670/- per Lac for 25 year loan.
5)Home Loan Insurance from
SBI LIFE for Applicant/Co Applicant for Home Loan amount (as per chart)
6)Equitable Mortgage Stamp
Duty – 0.2 % of Sanctioned Loan amount
7) Other Charges. Rs.5000/-
approx.
EMI ( Equated Monthly
Installment ) CHART FOR A LOAN OF RS. 1 LAC AT VARIOUS INTEREST RATES :(Interest Rate for Women up to Rs. 1 Crore
9.50 % and For Men 9.55%)
|
TENURE
|
INETEREST RATE
|
EMI/LAC
|
|
10 YEAR
|
9.5
|
1294
|
|
|
9.55
|
1297
|
|
15 YEAR
|
9.5
|
1044
|
|
|
9.55
|
1047
|
|
20 YEAR
|
9.5
|
932
|
|
|
9.55
|
935
|
|
25 YEAR
|
9.5
|
874
|
|
|
0.55
|
877
|
|
30 YEAR
|
9.5
|
841
|
|
|
9.55
|
845
|