Tribal Plus

SBI Tribal Plus

Home Loan designed especially for Hilly/ Tribal areas

SBI Tribal Plus Home Loan is available for the purchase or construction of a new house or flat (without a mortgage of land), the purchase of an existing (old) house or flat that is less than ten years old, and the repair, refurbishment, or extension of an existing house or flat. This offer is available at all SBI branches in these regions.

Features Eligibility Documents Required
  • Home Loans for people residing in Hilly /Tribal areas
  • No mortgage of land
  • Repayment up to 15 years
  • Loans given against Third Party Guarantee
  • Interest Concession for Women Borrowers
  • Low Interest Rates
  • Low Processing Fee
  • No Hidden Charges
  • No Pre Payment Penalty
  • Interest charges on Daily Reducing Balance
  • Resident Type: Resident Indian
  • Minimum Age: 21 years
  • Maximum Age: 60 years
  • Loan Tenure: up to 15 years.
  • Maximum Loan Limit – Rs. 20 lacs (Salaried borrower), Rs. 15 lacs (Non-Salaried Borrower)

List of papers/ documents applicable to all applicants:

  • Employer Identity Card
  • Loan Application: Completed loan application form duly filled in affixed 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:

  • Permission for construction (where applicable)
  • Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
  • Occupancy Certificate (in case of ready to move property)
  • Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
  • Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
  • Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

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 License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)
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