State Bank of India (SBI) home-loan guide

Documents Checklist Loan Application Form with 3 passport size photographs Proof of Identity (PAN/Passport/Driver’s License) Proof of Residence (Aadhaar/Utility Bill) Common Documents Last 3 months' Salary Slip Last 6 months' Bank Account Statements Form 16 and IT returns for the last 2 years For Salaried Applicants

Business address proof IT returns for the last 3 years Balance Sheet & Profit & Loss A/c for the last 3 years Business License Details TDS Certificate (Form 16A, if applicable) For Self-Employed Applicants SBI MaxGain is a home loan offered as an overdraft facility. It allows you to park surplus funds in the loan account to save on interest, with the flexibility to withdraw funds when needed.

What is the SBI 'MaxGain' home loan scheme? No, SBI does not charge any penalty for prepaying your home loan if it is on a floating interest rate. Are there any prepayment penalties on SBI home loans? Yes, SBI has special home loan schemes like 'SBI Privilege Home Loan' and 'SBI Shaurya Home Loan' tailored for government and defense employees with added benefits.

Does SBI offer a home loan for government employees? Known for some of the most attractive and lowest interest rates in the industry. Low Interest Rates Special interest rate concessions for women borrowers. Concession for Women Transparent fee structure with no hidden administrative charges. No Hidden Charges

Park surplus funds to save on interest while maintaining liquidity. Overdraft Facility (MaxGain) Zero penalty for prepaying your floating rate home loan. No Prepayment Penalty Key Features & Benefits