SBI Home Loan in Chennai

Last Updated : Feb. 27, 2020, 3:12 p.m.

About SBI Home Loan in Chennai

SBI merger has been a big achievement in the banking industry and also for its customers. As a lender, SBI has been one of the most demanding when it comes to home loans. The reason is quite clear as the interest rate offered by SBI is presently the lowest along with the NO processing fee . You can compare the interest rates offered by top banks on this loan and see the difference.

The housing loan offered by State Bank of India (SBI) is available at fixed and floating rates. However, the floating rate is considered to be more beneficial as it is also lower as compared to the fixed rate. Thus, with the lower rate at SBI, you can pay low EMI on your home loan . To apply now for this loan at the nearest bank branch in Chennai, check eligibility now and documentation needed to apply for this loan. You also have the option to apply online through Wishfin which is an online portal helping in making the process quicker and simpler for you.

Apply SBI Home Loan @ 9.15%* Rate

SBI Home Loan Chennai at a Glance

Address of SBI Branches in Chennai

The branch address, IFSC Code, MICR Code and SBI customer care number in Chennai are mentioned in the table below:

SBI Home Loan Eligibility

The eligibility criteria for a home loan at State Bank of India is as follows:

• Minimum age of the applicant should be 18 years
• Maximum age of the applicant should be 70 years at the time of repayment

Documents Required for SBI Home Loan

The documentation needed to apply for a home loan at SBI is as follows:

For Applicants:

• Completed loan application
• 3 Passport size photographs
• Proof of identity (photocopies of Voters ID card/ Passport/ Driving license/ IT PAN card)
• Proof of residence (photocopies 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:

• 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 for Salaried:

• 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 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

For more information, read Home Loan Chennai