Save Big on Your Home Loan! It's Time to Switch to SBI.

Are high interest rates on your current home loan eating into your savings? Make a smart move by transferring your outstanding loan amount to the State Bank of India and unlock significant savings!

Our seamless Home Loan Balance Transfer facility is designed to lower your burden. We welcome customers from nearly all major financial institutions, including other commercial, private, and foreign banks, as well as recognized Housing Finance Companies (HFCs).

Ready to Make the Switch? Here’s What You Need:

1. A Good Financial Record: A history of regular and timely payments on your existing loan.

2. Valid Property Documents: Clear and complete legal papers proving ownership of your house/flat.

3. SBI Eligibility: You must meet the bank's basic eligibility criteria for a home loan.

Don't stay stuck in a high-cost loan. Transfer to SBI and reduce your monthly EMIs!

Features

• Low Interest Rates

• No Hidden Charges

• No Penalty for Early Payment

• Interest Calculated Daily to Save You More

• Flexible Overdraft Option Available

• Special Interest Discount for Women

• Save with Low Interest Rates: Get one of the most competitive interest rates on the market.

• Complete Transparency: With us, there are absolutely no hidden charges. What you see is what you get.

• Pay Off Your Loan Faster: Want to pay your loan off early? Go ahead! We have no pre-payment penalties.

• Pay Less Over Time: We calculate interest on your daily reducing balance, which means you save money as you repay your loan.

• Flexible Funds: Get the convenience of an overdraft facility linked directly to your home loan.

• Special Discounts for Women: We proudly offer a special interest concession for women borrowers.

Eligibility

• Resident Type: Resident Indian

• Minimum Age: 18 years

• Maximum Age: 70 years

• Extended Loan Tenure.

• Loan Amount.

Documents Required

List of papers/ documents applicable to all applicants:

• Employer Identity Card

• Loan Application: Completed Loan Application form duly filled with 3 Passport size photographs

• Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card

• Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/Piped Gas Bill or copy of Passport/ Driving License/Aadhar Card

Property Papers:

• NOC from Society/Builder

• Registered agreement for sale

• Occupancy Certificate

• Share Certificate(only for Maharastra), Maintenance Bill, Electricity Bill, property tax receipt

• Chain of all old Agreements for sale

Account Statement:

• Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

• Salary Slip or Salary Certificate of last 3 months

• Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

• Business address proof

• IT returns for last 3 years

• Balance Sheet & Profit & loss A/c for last 3 years

• Business Licence Details(or equivalent)

• TDS Certificate (Form 16A, if applicable)

• Certificate of qualification (for C.A./ Doctor and other professionals)

Documents from the other Bank:

• List of original documents held at Bank

• Loan a/c statement for the past one year

• Sanction Letter

• Interim Period Security

Processing Charges