SBI Home Loan Documents

The Documents Required for Home Loan SBI must be submitted along with a filled up application form. The document requirements vary according to the profile of the applicant. Below is a list of all the SBI Home Loan documents that one needs to submit for a Home Loan as per their employment status and other parameters.

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In general, there are some SBI Home loan documents that every applicant has to submit. We will view the specific SBI documents required as per the profile of the applicant in the following sections. 

However, these are the main documents that are mandatory for all: 

• A completed SBI home loan application form
• Three recent passport size photo
• Voter ID, driving license, passport or any other government-issued photo ID
• Address proof like utility bills
• Proof of business is necessary for self-employed individuals
• Bank statement of the last 6 months
• A statement listing personal assets
• Signature ID from the applicant’s current banking institution.
• Guarantor documents, if needed.
• Statement of personal liabilities.

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SBI has special loan products directed towards government employees. The SBI home loan documents for government employees are as follows: 

• Employer ID card
• Duly filled loan application form with three recent passport-sized photographs
• Photo ID: PAN/ Voter ID card/ Passport
• Address proof: Utility Bill/ Driving License/ Adhaar card

Property papers: 

• Construction permission, if applicable
• A registered sales agreement (in Maharashtra)/ Allotment Letter/ Stamped sales agreement
• Occupancy certificate for ready to move-in properties
• Share certificate (only in Maharashtra), Electricity Bill, Maintenance Bill, Property Tax Receipts
• An approved copy of the building plan and Registered Agreement of Development for the builder and Conveyance Deed — in case of a new property.
• Account statement or payment receipt showing all the payments made by the applicant to the builder.

Account statement

• Statement for the last 6 months for all the bank accounts held by the applicant
• Loan account statement for the previous year in case the applicant has any loans from previous banks or lenders.

Income proof: 

• Salary certificate or salary slip over the last three months.
• Copy of Form 16 for previous two years / IT returns copy for the previous two financial years, acknowledged by the IT department.

The SBI home loan documents for self-employed applicants vary slightly in comparison to government employees or salaried individuals. 

Here is a list of documents that they need to submit: 

• Duly filled loan application form with three recent passport-sized photographs 
• Photo ID: PAN/ Voter ID card/ Passport 
• Address proof: Utility Bill/ Driving License/ Adhaar card

Property papers: 

• Construction permission, if applicable 
• A registered sales agreement (in Maharashtra)/ Allotment Letter/ Stamped sales agreement 
• Occupancy certificate for ready to move-in properties 
• Share certificate (only in Maharashtra), Electricity Bill, Maintenance Bill, Property Tax Receipts 
• An approved copy of building plan and Registered Agreement of Development for the builder and Conveyance Deed — in case of a new property. 
• Account statement or payment receipt showing all the payments made by the applicant to the builder. 

Account statement

• Statement for the last 6 months for all the bank accounts held by the applicant 
• Loan account statement for the previous year in case the applicant has any loans from previous banks or lenders. 

Income Proof 

• Address proof for business 
• IT Returns for the last three years 
• Balance sheet plus the profit and loss statements for the last three years 
• Business License or an equivalent document 
• TDS certificates or Form 16A, as applicable. 
• Certificate of qualification for professionals like CA/ Doctor

Also Check: SBI Home Loan CIBIL

Most SBI Home Loan products do not require a guarantor. Wherever required, the SBI home loan documents required for salaried, self-employed and NRI guarantor are as follows: 

• Statement of personal liabilities and assets 
• 2 passport-sized photos 
• Photo ID: Driving License/ Passport/ Voter’s ID
• Address Proof: Utility bills/ Passport/ Driving License 
• Signature ID from the current bank. 

 Account statement

• Statement for the last 6 months for all the bank accounts held by the guarantor/ 6 months account for an overseas account showing savings and salary in case of NRI guarantor. 
• Loan account statement for the previous year in case the applicant has any loans from previous banks or lenders. 

Income proof for a salaried guarantor 

• Salary certificate or salary slip over the last three months. 
• Copy of Form 16 for previous two years / IT returns copy for the previous two financial years, acknowledged by the IT department. 
• For the NRI guarantor, a valid work permit 
• Employment contract for NRI guarantor with an English translation duly attested by required authority. 

Income proof for a self-employed guarantor 

• Address proof for business 
• IT Returns for the last three years 
• Balance sheet plus the profit and loss statements for the last three years 
• Business License or an equivalent document 
• TDS certificates or Form 16A, as applicable. 
• Certificate of qualification for professionals like CA/ Doctor
• Last 6 months bank statement of Overseas account for the company/ unit in case of NRI guarantor 

Here is a detailed SBI Home Loan Documents List for NRI and PIOs in order to avail a loan for property purchase: 

• Employer ID Card
• Attested copy of Visa and passport that is valid
• Address proof for a present overseas address
• CDC or continuous discharge certificate for individuals working with the Merchant Navy
• Attestation of all documents should be done by Reps or Foreign officers/ Indian Consulate/ Embassy officials or sourcing outfit that is India-based

Property Papers 

• Construction permission, if applicable
• A registered sales agreement (in Maharashtra)/ Allotment Letter/ Stamped sales agreement
• Occupancy certificate for ready to move-in properties
• Share certificate (only in Maharashtra), Electricity Bill, Maintenance Bill, Property Tax Receipts
• An approved copy of the building plan and Registered Agreement of Development for the builder and Conveyance Deed - in case of a new property.
• Account statement or payment receipt showing all the payments made by the applicant to the builder.

Account Statement 

• Bank account statement with details of savings and salary for an overseas account for the last 6 months
• 1-year loan account statement for current loans from any bank.

Income proof for salaried NRIs/ PIOs 

• Work permit that is valid
• Duly attested employment contract translated into English by the employer/ foreign office/ consulate or embassy
• Bank statements - last 6 months - showing salary credit
• Last 3 months salary slip/ certificate
• Duly acknowledged Individual Tax Receipt for the last year for all applicants except PIOs and NRIs located in the Middle East.

Income proof for self-employed NRI / PIO Applicant 

• Proof of address for business
• Audited Balance sheet or P&L Account for the last 2 years
• Last two years IT returns for unit and individual except for individuals located in the Middle East
• Last 6 months bank statements for the overseas account of the individual as well as the unit/ company

Additional Reading: Cibil score required for home loan

State Bank of India allows customers to transfer the balance from existing home loans with other banks or financial entities to SBI in order to enjoy the features and benefits of the SBI Home loans. 

The SBI home loan documents required for Home Loan Balance Transfer are as follows: 

• Employer ID card
• Duly filled application for SBI home loan with 3 passports sized photographs.
• Valid Photo ID: Driving License/ Passport/ Voter ID Card
• Address Proof: Utility Bills/ Adhaar Card/ Driving License etc.

Property Papers 

• Registered sales agreement
• NOC from Builder/ Society
• Occupancy Certificate
• Share certificate (for Maharashtra), Electricity Bill, Maintenance Bill and Property Tax Receipt.
• Chain of all old sales agreements.

Account statement

• Statement for the last 6 months for all the bank accounts held by the applicant
• Loan account statement for the previous year in case the applicant has any loans from previous banks or lenders.

Income proof for salaried individuals 

• Salary certificate or salary slip over the last three months.
• Copy of Form 16 for previous two years / IT returns copy for the previous two financial years, acknowledged by the IT department.

Income proof for self-employed individuals

• Address proof for business
• IT Returns for the last three years
• Balance sheet plus the profit and loss statements for the last three years
• Business License or an equivalent document
• TDS certificates or Form 16A, as applicable.
• Certificate of qualification for professionals like CA/ Doctor

Documents Required from Other Bank 

• List of original documents
• Loan account statement over the last 1 year
• Interim period security
• Sanction letter

Also Check: SBI Free Cibil Score