Home Loan

by IFSC Code on June 27, 2011

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Home Loan Guide

Home loan is a secured loan which is given by bank with some interest rates for personal or commercial properties. The main condition of borrowing home loan is the concern person must be ownership against property/security intended. Because, if the loan borrower left to pay back to the loan means bankers will retrieve balance amount by selling that property.

Types of Best Home Loans

The bank will provide various types of best home loans as per customer needs. They are,

  • Home purchase loan
  • Home construction loan
  • Home improvement loan
  • Home Extension loan
  • Home conversion loan
  • Land purchase loan

Needed Documents

All banks are required similar documents for considering your home loan application

  • Proof of your age
  • Proof of living address
  • Income Proof of the applicant & co-applicant
  • Bank Account statement for last 6 months
  • Passport size photo of the applicant & co-applicant

Salaried employees

  • Employment certificate
  • Pay slip copies and TDS certificate
  • Recent Form 16 issued documents

Self employed

  • Audited financial statements for the last 2 years
  • Partnership deeds ( if it is a partnership business)
  • Last few years’ of profit and loss documents
  • Income tax assessment order

Wish you all the best!!

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{ 22 comments… read them below or add one }

k.s.saraswathi&selvanathan July 25, 2011 at 11:50 am

Home loan for old home and land purchase loan amount Rs 20 Lacs

Reply

butchireddy August 25, 2011 at 9:01 pm

it’s very helpful to us. thanks to SBI team.

Reply

s.b.ishwar rao October 3, 2011 at 9:52 pm

we are interested to procure a residential land at near anandpuram tagarpuvlas from subhagruha venter
i am working with MSP STEEL & POWER LTD. RAIGARH CHHATTISGARH STATE MY GROSS SALARY 40,000 THOUSAND PER MONTH

PL SUGGEST PROCEDURE OF HOME LOAN

BEST REGARD

S.B.ISHWAR RAO
09752596409

Reply

RIZWAN ABDUL KARIM October 13, 2011 at 3:48 am

I HAVE NRE ACCOUNT WITH YOUR BANK AND INTERESTED IN HOME DEVELOPMENT LOAN.

A/C NO–31949100246
CUSTOMER ID NO–86143546479

REQUIRMENT OF 50LACK RUPEES.

PLS GIVE DETAILS.

RGDS,

RIZWAN

Reply

rishi raj November 1, 2011 at 3:18 pm

To
AGM RACPC , SBI, New Delhi.

Sir/Mam
I had applied for a home loan in your branch on 24, September 2011, for purchase a flat in IRWO New Delhi in Kundli sonepat project. but I have not received any call or response against sanction of my loan.
Please tell me the status of my file.
Thanking You.

With regards

Rishi Raj
88/7, Bhim nagar, Sarang Road, Sonepat (haryana)
Ph 09968825677, 09416564731,0124-2818582

Reply

Dayananda br November 11, 2011 at 10:18 pm

Dear sir
requested to apply home loan

Reply

Dayananda br November 11, 2011 at 10:29 pm

we are interested to concatenation new home near your bank byalahally
i am working with Xindia steels limited koppal dist karanataka my gross salary 10.000 Ten thousand per month

BEST REGARD

DAYANANDA BR
XINDIA STEELS LIMITED
KOPPAL DIST
MOB NO: 9686076492

Reply

NAVIN THAPA November 16, 2011 at 8:55 pm

I am Navin Thapa. Railway Employee, working in DHR Section ie Darjeeling Himalaya Railway,PO Tindharia, 734223, Kurseong Sub Divison. PS: Kurseong, Dixt: Darjeeling, West Bengal. Actually, I am residing at SILIGURI West Bengal wants to know How & What the process to purchase Home (Two Stored
Building) at Hyderpara Anchal, Siliguri. which is my sister’s home.Who want’s to sell it now, Infact the land was(before construction two stored building) in our’s Name ie My mother & my self. which we gifted to my unmarried sister, and she made two stored building after few years.But now she is going at abord and she need a cash,Infact, she wants to sell her building to us.(My self & my mum). But we dont have a such amount to buy above said building, what & how to process to get home loans from SBI/Siliguri branch.Please give me some idea & your sugession to me that how i can apply the home loans from SBI.

Reply

R.PUSHPARAJ December 17, 2011 at 10:38 am

I want to transfer my account at present in sikkim state of SBI to TN state

Reply

shajahan December 22, 2011 at 12:00 am

i want to house purchase loan.now working in kuwait moh last three years

Reply

Arup Chandra January 6, 2012 at 9:42 am

Pl let me know that is sbi provide loan for land purchase and its consider as home loan. Is this land purchase loan be helpful for tax purpose.

Reply

SANTOKVAN January 21, 2012 at 4:28 pm

My MONTHLY INCOME 20000 HE KESE MERA LOAN PASS HOGA PLEASE ADVICE ME

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Bobby Kalluzhathil February 16, 2012 at 8:29 am

please give me details for home loan to purchase a flat at cochin. please e-mail details.
Thanks.

Reply

Hiralal P Pariskar February 16, 2012 at 7:07 pm

Loan Amount Required : 2 lakh
Service : Indian Ordnance Factory
Net Salary : 17000 per month
Mobile No : 9011001320
City : Bhusawal (m/s)

Reply

gigigeorge April 9, 2012 at 1:54 pm

sir,
i am working as a staff nurse in abroad.i wish to apply for home loan. please give the requirments and details about that,regarding rate of interest.duration etc
thanks gigi george

Reply

Soma Chakma June 16, 2012 at 10:19 am

Dear Sir,
Recently approached SBI,Chawngte Branch, Mizoram for car Loan but simply denied by the manager without giving any reasons though I am a Govt. employee serving since 2002 under the Directorate of Higher Education as Head Assistant. Kindly help me

Soma Chakma

Reply

rajesh kumar June 23, 2012 at 4:07 pm

RAJESH KUMAR 22 JUNE 2012

SIR,
MY GROSS INCOME IS 28000.TAKEN PERSONAL LOAN 450000 IN MAY 2012.WANT TO PURCHASE A FLATE WORTH 900000. WHAT AMOUNT OF LOAN I WILL GET.(TEACHER IN KENDRIYA VIDYALAYA)
AT-BAIKATPUR,PARAIYA,GAYA, BIHAR,MOB NO 8011393837.

Reply

Gajendra kumar Tailor July 29, 2012 at 7:19 pm

I want home loan Rs.14 Lac.for 15 years,what is the EMI AND What is the interest rate? I am a Govt. teacher,,my net pay is Rs. 30,000 per month I leave Rani,Pali, Raj.my date of birth is 15 July 1975. please tell me what will the EMI for 15 years & for 20 years of Rs.14 lac. mob no. 9829864782

Reply

P Venkatesh August 23, 2012 at 10:11 am

Sir,
I , am central govt employ serving in Indian Army in EME (Electronics Mechanical Engineering) . At present I am serving in MCEME ( Miltary College of electronics and mechanical engineering) in secunderbad. My monthly salary is Thirty thousand only(30000) , I need a home loan of Ten lakh (1000000) for construction of new house in KGF ( Kolar gold Fields) . Please give me the details & how much time it will take to get the amount after submitting all the formalities.

Reply

Subhash Chand December 25, 2012 at 4:18 pm

Hi Sir,
I have myself plot of 1 knl at panchrukhi distt kangra(H.P) need a home loan of Rs. four lacs for construction.So please give me the details & how much time it will take to get the amount after submitting all the formalities.I am working with a reputed firm in Chandigarh as a Manager-Dispatch and my monthly salary is fifteen thousand only.

Best Reg.
Subhash Chand
Cont. No 09872673943
subhash.dogra7@gmail.com

Reply

krishnakumari January 11, 2013 at 3:12 pm

I want home loan for 5 lakhs. I am working in hotel for reception list. My income is 10,000/- . my mobile no: 9840876143. please give the requirments and details about that, regarding rate of interest.duration etc

thanks you,

by
kumari

Reply

pravin deshmukh February 8, 2013 at 2:05 pm

NICE, THANKS

Reply

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