How To Get Home Loan in SBI | Procedure To Get Home Loan From SBI Bank

There are various banks in the India. However, most of the banks follow the same basic procedure in order to provide the home loan. Hence, if you want to get home loan from the SBI bank there are same basic procedure followed by ever banks. But then too one must concern about How To Get Home Loan in SBI?

How To Get Home Loan in SBI

How To Get Home Loan in SBI?

However, home loans offered by the SBI are built on a robust foundation of transparency and trust. This bank provide the lowest interest rates and affordable processing fees. As well as it also do not have any hidden cost. Thus, the SBI home loan is the ideal choice for borrowers. Moreover, you can easily avail SBI home loan from over 15,969 branches in the country.

SBI Home Loans Procedure:

There are various different ad basic steps in order to get the loan from the SBI home loan. However, the procedure is described below:

Keeping the Property related Documents ready:

It is essential that you must have all the required legal essential documents ready related to your property of the builder. Before you apply for a loan.

Taking Legal Opinion:

With all the required document you need to go to an advocate who will verify them. he is required to verify the sales and agreement as well as construction agreement. This procedure takes time as lots of documents are being required. Such as  Encumbrance certificate, receipt of the tax paid till date etc.

Valuation of Property:

After the legal process is being completed the property needs to be evaluated. However, one the property is evaluated the  letter is given to you.

E-stamping or Franking of Agreement:

In the SBI home loan the the Sales and construction agreement is franked or e-stamped. However, the value of the e-stamping may differ as it is based on the value of your property. It can be done at register office, while e-stamping can be done at select register offices, post offices and syndicate banks.

Submission of Application:

Once the process of the application form and legal document is completed the borrower is required to visit to the SBI. As the documents are required to be submitted.

Wait Period:

This period is for the loan approval. However, periodic follow-ups are required, asking for the inspection to be done and other things that accelerate the process.


After the loan is sanctioned you need to submit more documents.

  • Two E-stamps worth Rs.400.
  • E-stamp worth Rs.200, where first party is the guarantor and SBI is the second party.
  • All documents submitted while loan application.
  • Cheques in favor of State Bank of India.

Loan Disbursement:

Once the loan is sanctioned borrower must attain the following documents from the builder:

  • NOC of that property.
  • Tripartite agreement, if the property is under construction.
  • Demand note from the builder.


However, before the

Before the registration process, verify the stamp duty and inform the bank of the same. Once the registration process is complete, an officer from the SBI bank visits you to hand over the DD to the builder or sometimes, even you may be asked to collect it from your branch.

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