Category Archives: Loan

Documents Required for Central Bank of India Home Loan

Documents Required for Central Bank of India Home Loan : CBI(Central Bank of India) is undoubtedly one of the best banks in India. It offers a various types of Home Loans to its customers. By taking a home loan from Central Bank of India, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in Central Bank of India, you must know about the documents needed for Central Bank of India Home Loan. Once you know about all the documents required to apply for Central Bank of India Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your Central Bank of India Home Loan.

Documents Required for Central Bank of India Home Loan

 

The main formalities to get Central Bank of India Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from Central Bank of India. Let us know about some important Central Bank of India Home Loan Documents.

Documents Required for Central Bank of India Home Loan

There are 6 important documents required for Central Bank of India Home Loan which are as follows :

1. Signed application form with photograph.

2. ID and residence proof.

3. Processing fee cheque.

4. Last 6 months bank statements.

5. Documentation for salaried applicants:

  • Last 3 months salary-slips.
  • Form 16 or Income Tax Returns.

6. Documentation for self-employed applicants:

  • Education qualification certificate & proof of business existence.
  • Last 3 years Income Tax Returns with computation of Income.
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account.

This is the complete list of Documents Required for Central Bank of India Home Loan. Get your Union Bank of India Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for Union Bank of India Home Loan, gathering the Central Bank of India Home Loan Documents will not take much time. It is always a good practice to make a separate file for Union Bank of India Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

Documents Required for Union Bank of India Home Loan

Documents Required for Union Bank of India Home Loan : UBI(Union Bank of India) is undoubtedly one of the best banks in India. It offers a various types of Home Loans to its customers. By taking a home loan from Union Bank of India, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in Union Bank of India, you must know about the documents needed for Union Bank of India Home Loan. Once you know about all the documents required to apply for Union Bank of India Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your Union Bank of India Home Loan.

Documents Required for Union Bank of India Home Loan

The main formalities to get Union Bank of India Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from Union Bank of India. Let us know about some important Union Bank of India Home Loan Documents.

Documents Required for Union Bank of India Home Loan

There are 6 important documents required for Union Bank of India Home Loan which are as follows :

1. Signed application form with photograph.

2. ID and residence proof.

3. Processing fee cheque.

4. Last 6 months bank statements.

5. Documentation for salaried applicants:

  • Last 3 months salary-slips.
  • Form 16 or Income Tax Returns.

6. Documentation for self-employed applicants:

  • Education qualification certificate & proof of business existence.
  • Last 3 years Income Tax Returns with computation of Income.
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account.

This is the complete list of Documents Required for Union Bank of India Home Loan. Get your Union Bank of India Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for Union Bank of India Home Loan, gathering the Union Bank of India Home Loan Documents will not take much time. It is always a good practice to make a separate file for Union Bank of India Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

Documents Required for United Bank of India Home Loan

Documents Required for United Bank of India Home Loan : United Bank of India is undoubtedly one of the best banks in India. It offers a various types of Home Loans to its customers. By taking a home loan from United Bank of India, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in United Bank of India, you must know about the documents needed for United Bank of India Home Loan. Once you know about all the documents required to apply for United Bank of India Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your United Bank of India Home Loan.

Documents Required for United Bank of India Home Loan

 

The main formalities to get United Bank of India Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from United Bank of India. Let us know about some important United Bank of India Home Loan Documents.

Documents Required for United Bank of India Home Loan

There are 6 important documents required for United Bank of India Home Loan which are as follows :

1. Signed application form with photograph.

2. ID and residence proof.

3. Processing fee cheque.

4. Last 6 months bank statements.

5. Documentation for salaried applicants:

  • Last 3 months salary-slips.
  • Form 16 or Income Tax Returns.

6. Documentation for self-employed applicants:

  • Education qualification certificate & proof of business existence.
  • Last 3 years Income Tax Returns with computation of Income.
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account.

This is the complete list of Documents Required for United Bank of India Home Loan. Get your United Bank of India Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for United Bank of India Home Loan, gathering the United Bank of India Home Loan Documents will not take much time. It is always a good practice to make a separate file for United Bank of India Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

Documents Required for Bank of India Home Loan

Documents Required for Bank of India Home Loan : BoI(Bank of India) is undoubtedly one of the best banks in India. It offers a various types of Home Loans to its customers. By taking a home loan from Bank of India, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in Bank of India, you must know about the documents needed for Bank of India Home Loan. Once you know about all the documents required to apply for Bank of India Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your Bank of India Home Loan.

Documents Required for Bank of India Home Loan

The main formalities to get Bank of India Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from Bank of India. Let us know about some important Bank of India Home Loan Documents.

Documents Required for Bank of India Home Loan

There are 6 important documents required for Bank of India Home Loan which are as follows :

1. Signed application form with photograph.

2. ID and residence proof.

3. Processing fee cheque.

4. Last 6 months bank statements.

5. Documentation for salaried applicants:

  • Last 3 months salary-slips.
  • Form 16 or Income Tax Returns.

6. Documentation for self-employed applicants:

  • Education qualification certificate & proof of business existence.
  • Last 3 years Income Tax Returns with computation of Income.
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account.

This is the complete list of Documents Required for Bank of India Home Loan. Get your Bank of India Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for Bank of India Home Loan, gathering the Bank of India Home Loan Documents will not take much time. It is always a good practice to make a separate file for Bank of India Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

Documents Required for Canara Bank Home Loan

Documents Required for Canara Bank Home Loan : Canara Bank is undoubtedly one of the best banks in India. It offers a various types of Home Loans to its customers. By taking a home loan from Canara Bank, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in Canara Bank, you must know about the documents needed for Canara Bank Home Loan. Once you know about all the documents required to apply for Canara Bank Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your Canara Bank Home Loan.

Documents Required for Canara Bank Home Loan

The main formalities to get Canara Bank Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from Canara Bank. Let us know about some important Canara Bank Home Loan Documents.

Documents Required for Canara Bank Home Loan

There are 10 important documents required for Canara Bank Home Loan which are as follows :

1. Duly filled loan application form

2. 2 passport size photographs

3. Sale Deed

4. Sale Agreement

5. Copy of the approved plan for the construction, extension or addition to the house.

6. Cost estimate / valuation report provided by Bank’s Architect/ Chartered Engineer

7. Allotment letter from the Apartment Owners’ Association / Co-operative Housing Society/ Housing Board or NOC from the Society/ Association/ /Builders/ Housing Board

8. Legal Scrutiny Report, EC for the past 13 years, and permission for mortgage, and Property Tax paid receipt when required.

9. Salaried Individuals: Salary Certificate and Form No.16

10. Non-salaried persons: Last two years’ IT Returns

Self-Employed: A brief note in the requisite format, with details about the business, such as type of organization, year of establishment, etc. Past three years’ Balance Sheet and P&L Account.

This is the complete list of Documents Required for Canara Bank Home Loan. Get your Canara Bank Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for Canara Bank Home Loan, gathering the Canara Bank Home Loan Documents will not take much time. It is always a good practice to make a separate file for Canara Bank Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

Documents Required for Bank of Baroda Home Loan

Documents Required for Bank of Baroda Home Loan : BoB(Bank of Baroda) is undoubtedly one of the best banks in India. It offers a various types of Home Loans to its customers. By taking a home loan from Bank of Baroda, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in Bank of Baroda, you must know about the documents needed for Bank of Baroda Home Loan. Once you know about all the documents required to apply for Bank of Baroda Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your Bank of Baroda Home Loan.

Documents Required for Bank of Baroda Home Loan

The main formalities to get Bank of Baroda Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from Bank of Baroda. Let us know about some important Bank of Baroda Home Loan Documents.

Documents Required for Bank of Baroda Home Loan

There are 9 important documents required for Bank of Baroda Home Loan which are as follows :

1. Passport size photographs

2. Proof of identity, residence and age

3. Proof of office/business address

4. Bank statements of the last 6 months

5. Copy of Income Tax Returns of the last 3 years

6. Proof of investments such as insurance, fixed deposits or shares and stocks

7. Payslips of the last 3 months for salaried persons

8. For business owners/self-employed persons : Verified copies of Balance Sheets, Profit and Loss accounts, IT Return, assessment orders, advance tax challans (for both company/firm and personal account) for the last 3 years

9. Copy of documents related to the property to be purchased

This is the complete list of Documents Required for Bank of Baroda Home Loan. Get your Bank of Baroda Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for Bank of Baroda Home Loan, gathering the Bank of Baroda Home Loan Documents will not take much time. It is always a good practice to make a separate file for Bank of Baroda Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

Documents Required for PNB Home Loan

Documents Required for PNB Home Loan : PNB is undoubtedly one of the best banks in India. It offers a various types of Home Loans to its customers. By taking a home loan from PNB, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in PNB, you must know about the documents needed for PNB Home Loan. Once you know about all the documents required to apply for PNB Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your PNB Home Loan.

Documents Required for PNB Home Loan

The main formalities to get PNB Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from PNB. Let us know about some important PNB Home Loan Documents.

Documents Required for PNB Home Loan

There are 7 important documents required for PNB Home Loan which are as follows :

1. Completed application form with photographs.

2. Proof of Identity- Passport, PAN Card, Driving Licence, etc.

3. Proof of Residence- Passport, Driving License, Telephone Bill, Ration Card, Voter’s ID, etc.

4. Proof of Age- Passport, PAN Card, Driving Licence, SSLC marks card, Voter’s ID, etc.

5. Educational Qualifications- Documents in this regard, latest degree.

6. Income Proof-

Salaried Professionals : Salary slips from the last 3 months, Form 16 for the last 2 years, Last 6 month’s bank statement detailing the salary account.

For Self Employed- Last 3 years Income Tax returns (self and business) with Profit & Loss Account, Balance Sheets & Computation of Income duly audited by a Chartered Accountant, Last 12 month’s bank account statement detailing for self and business.

7. Copies of title documents of the property and the approved plan.

This is the complete list of Documents Required for PNB Home Loan. Get your PNB Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for PNB Home Loan, gathering the PNB Home Loan Documents will not take much time. It is always a good practice to make a separate file for PNB Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

Documents Required for SBI Home Loan

Documents Required for SBI Home Loan : SBI is undoubtedly the best bank in India. It offers a various types of Home Loans to its customers. By taking a home loan from SBI, you can easily pay the loan amount through easy EMIs. If you are looking to apply for Home Loan in SBI, you must know about the documents needed for SBI Home Loan. Once you know about all the documents required to apply for SBI Home Loan, you can complete the remaining formalities and wait for the bank to approve your Home Loan Application. Once your Home Loan Application is approved, you will need to submit your documents and down payment to start your SBI Home Loan.

Documents Required for SBI Home Loan

The main formalities to get SBI Home Loan is to check your Eligibility, Documents and the Down Payment Amount. Once you qualify for the above three, you will have no problem in getting a Home Loan from SBI. Let us know about some important SBI Home Loan Documents.

Documents Required for SBI Home Loan

There are 9 important documents required for SBI Home Loan which are as follows :

  1. Duly filled loan application
  2. 3 passport-size photographs
  3. Identity Proof (Voter ID Card/Passport/Driving License/Pan Card)
  4. Proof of Residence (Current Address Proof)
  5. Bank Statement for last 6 months
  6. Personal assets and liabilities declaration
  7. Proof of property
  8. Income Tax Proofs (If required)
  9. Signature Identification from present banker

Documents Required for SBI Home Loan Guarantor

There are 5 important documents required for Guarantor in SBI Home Loan which are as follows :

  1. Assets and liabilities Statement
  2. 2 passport-size photographs
  3. Identity Proof
  4. Address Proof
  5. Signature Identification from present banker

Additional SBI Home Loan Documents for Salaried Applicants

Apart from the above documents, the 2 documents given below may be required for salaried applicants :

  1. Original Salary Certificate from employer.
  2. TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt.

Additional SBI Home Loan Documents Required for Professionals/Self- Employed/ other IT Assesses

Apart from the above documents, the 2 documents given below may be required for Professionals/Self- Employed/ other IT Assesses :

  1. Acknowledged copies of three years I.T. returns/ Assessment Orders.
  2. Photocopies of challans evidencing payment of Advance Income Tax.

This is the complete list of Documents Required for SBI Home Loan. Get your SBI Home Loan documents ready to apply for Home loan now!

Final Words :

If you are eligible for SBI Home Loan, gathering the SBI Home Loan Documents will not take much time. It is always a good practice to make a separate file for SBI Home Loan Documents, where you can keep all your documents together.

READ ALSO : 

SBI Interest Rates for Loans

SBI Loan Interest Rates : With a lot of expenses at times we cannot afford to buy things and we need a Loan. SBI has been one of the most preferred banks when it comes to taking a loan in India. The main reason is due to variety and flexibility of SBI Loan Schemes. Before taking the loan most of us are majorly concerned about the Repayment period and the Interest Rate the bank would be charging. Today, we will tell you the current interest rates of SBI Loans in India.

SBI Interest Rates for Loans

This article provides the Interest Rates of the following SBI Loans :

  • SBI Home Loan.
  • SBI Car Loan.
  • SBI Personal Loan.
  • SBI Gold Loan.
  • SBI Loan against property.

NOTE : All Interest Rates are Subject to Change, without Notice.

SBI Interest Rates for Loans

Before we know about the Interest Rates for SBI Loans, let us understand what actually Interest Rate is.

What is Interest Rate ?

Interest rate is the amount charged as a percentage of principal, by a lender to a borrower for the use of assets. Interest rates are usually noted on an annual basis, called the annual percentage rate(i.e., percentage rate p.a or per annum).

SBI Home/Housing Loan Interest Rate With effect from 05.10.2015 (Base Rate: 9.30%)

Borrowers’ category Home Loan interest rate, irrespective of loan limit EMI per Lac for 30 year Tenor Maxgain above Rs. 1 crore CRE Maxgain, irrespective of loan limit
Women 20 bps above the BR i.e. 9.50% p.a. Rs. 841 45 bps above the BR i.e. 9.75% p.a. 65 bps above the BR i.e. 9.95% p.a.
Others 25 bps above the BR i.e. 9.55% p.a. Rs. 845 50 bps above the BR i.e. 9.80% p.a. 70 bps above the BR i.e. 10% p.a.

SBI Car/Auto Loan Interest Rate w.e.f. 05.10.2015 (Base Rate 9.30 % p.a.)

Scheme Name Tenure Interest rate
For Men For Women
SBI Car Loan Scheme For All Tenure 0.55% above base rate i.e. 9.85% p.a. 0.50% above base rate i.e. 9.80% p.a.
SBI Combo Loan Scheme For All Tenure 0.55% above base rate i.e. 9.85% p.a. 0.50% above base rate i.e. 9.80% p.a.
NRI Car Loan For All Tenure 0.55% above base rate i.e. 9.85% p.a. 0.50% above base rate i.e. 9.80% p.a.
Used Car Loans Up to 3 years 7.60% above Base Rate i.e. 16.90% p.a.
Above 3 yrs up to 7 yrs 7.85% above Base Rate i.e. 17.15% p.a.
Certified Pre-owned car loan Up to 3 years 5.00% above Base Rate i.e. 14.30% p.a.
Above 3 yrs up to 7 yrs 5.00% above Base Rate i.e. 14.30% p.a.
SBI Loyalty Car Loan Scheme Car Loan, Combo Loan, NRI Car Loan 0.30% above BR i.e. 9.60% p.a. 0.25% above BR i.e. 9.55% p.a.
Certified Pre-owned Car Loan Scheme , Used Car Loan Scheme 1.60% above BR i.e. 10.90% p.a. 1.55% above BR i.e. 10.85% p.a.
SBI Nano Youth Car Loan Scheme For All Tenure 0.80% above base rate i.e. 10.10% p.a. 0.75% above base rate i.e. 10.05% p.a.
Super Bike Loan Scheme For All Tenure 3.35% above base rate i.e. 12.65% p.a.
SBI Two wheeler loan For All Tenure 8.60% above Base Rate i.e. 17.90% p.a.

SBI Personal Loan Interest Rate w.e.f. 05.10.2015(Base Rate 9.30%)

Scheme Name Check Off Rate of Interest*
Xpress Credit Full Check-off
(Category I)
340 – 390 bps above Base Rate i.e., 12.70% – 13.20% p.a. currently
Partial Check-off
(Category II)
440 – 490 bps above Base Rate i.e., 13.70% – 14.20% p.a. currently
No Check-off
(Category III)
540 – 590 bps above Base Rate i.e., 14.70% – 15.20% p.a. currently
SBI Pension Loans 3.90% above Base Rate, currently 13.20% p.a.
Jai Jawan Pension Loan 4.75% above Base Rate, currently 14.05% p.a.
SBI Saral 8. 50% above Base Rate floating, currently 17.80% p.a.
Festival Loan Scheme 6.75% above Base Rate, currently 16.05% p.a.
Clean Overdraft 8.25% above Base Rate, currently 17.55% p.a.

SBI Gold Loan Interest Rate w.e.f. 05.10.2015 (Base Rate 09.30%)

Type of facility Rate of Interest*
Demand Loan 2.90% above Base Rate Floating, currently 12.20% p.a.
Liquid Gold Loan Scheme – OD 2.90% above Base Rate Floating, currently 12.20% p.a.

SBI Loan Against Property w.e.f. 05.10.2015(Base Rate 09.30%)

Loan against Mortgage of Immovable Property

Size of Credit Limit (Term Loan) Rate of Interest*
Upto Rs. 1.00 crore 290 bps above the Base Rate, currently 12.20% p.a.
Above Rs. 1.00 crore 315 bps above the Base Rate, currently 12.45% p.a.

Rent Plus Scheme

Loan Amount Rate of Interest*
Upto Rs. 7.50 crores in Metro Centres & upto Rs. 5.00 crores in non-metro centres 325 bps above the Base Rate, currently 12.55% p.a.
Above Rs. 7.50 crores in Metro Centres & Above Rs. 5.00 crores in non-metro centres 340 bps above the Base Rate, currently 12.70% p.a.