Realty-For Plot Purchase
SBI Realty offers customers the possibility to purchase a plot for the construction of a housing unit. The house should be completed within three years of the loan being sanctioned/disbursed. The customer can also obtain another Home Loan for the construction of a house on a land financed by SBI Realty. The maximum amount of loan that can be granted to a customer is Rs. 15 crores with a suitable repayment period of 10 years.
Features
Eligibility
Documents Required
- Low Interest Rates
- Low Processing Fee
- No Hidden Charges
- No Pre Payment Penalty
- Interest charges on Daily Reducing Balance
- Repayment up to 10 years
- Interest Concession for Women Borrowers
- Resident Type: Resident Indian
- Minimum Age: 18 years
- Maximum Age: 65 years
- Loan Tenure: up to 10 years.
List of papers/ documents applicable to all applicants:
- Employer Identity Card
- Completed loan application
- 3 Passport size photographs
- Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
- Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)
- Proof of business address for non-salaried individuals
- Statement of Bank Account/ Pass Book for last six months
- Signature identification from present bankers
- Personal Assets and Liabilities statement
For guarantor (wherever applicable):
- Personal Assets and Liabilities Statement
- 2 passport size photographs
- 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 persons:
- Original Salary Certificate from employer
- TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.
Additional documents required for Professionals/self- employed/ other IT assesses:
- Acknowledged copies of three years I.T. returns/ Assessment Orders.
- Photocopies of challans evidencing payment of Advance Income Tax