SBI Home Loan in Mumbai

Last Updated : Feb. 27, 2020, 3:14 p.m.

About SBI Home Loan in Mumbai

When it comes to offering affordable home loans , State Bank of India (SBI) is one of the top banks in India and the most demanding ones in Mumbai. Post the merger with its five associate banks namely State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP) on 1st April 2017, SBI has been in the news lately.

However, the bank has always been in the limelight for its interest rates on housing loan s that are one of the lowest interest rates. Having said that, presently the bank is offering the lowest interest rate in the industry with NO processing fees on a home loan . The loan amount offered by SBI is also higher along with the facility of a flexible tenure. So, apply now for this amazing home loan in Mumbai with easy documentation involved. You can apply now at your nearest bank branch but first, have a look at the documentation needed to apply for this loan.

Apply SBI Home Loan @ 9.15%* Rate

Address of SBI Branches in Mumbai

The branch address, IFSC Code, MICR Code and customer care details of State Bank of India branches located in Mumbai are mentioned in the table below:

SBI Home Loan Mumbai at a Glance

SBI Home Loan Eligibility

The eligibility criteria for State Bank of India (SBI) home loan 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

SBI Home Loan Documents

The documents checklist for a home loan and get instant approval 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 Mumbai