SBI Home Loan Balance Transfer offers home loan at an attractive interest rate. You can easily go for SBI Home Loan Balance Transfer from Housing Finance Companies registered with NHB, Private & Foreign Banks, scheduled commercial banks and if borrower’s employees considering they are State/Central govt institutions or PSUs. The home loan balance transfer to SBI benefits you with a lower interest rate. SBI Home Loan Balance Transfer rates 2019 starts from 8.75%* based on your eligibility. You have to pay SBI Home Loan Balance Transfer charges that are applicable. The documents required for a home loan balance transfer to SBI is very minimal.
- SBI Home Loan Balance Transfer rates 2019 is quite economical as compared to other bank’s home loan.
- If you are a woman applicant, then you will enjoy concession on the interest rate of home loan balance transfer to SBI.
- SBI Home Loan Balance Transfer charges include- processing fee, pre & post-sanction fee which are budget-friendly.
- SBI Home Loan Balance Transfer rates 2019 follows daily reducing balance method.
- Low processing fee, with no hidden charges and no prepayment penalty, is charged for SBI Home Loan Balance Transfer.
- You must satisfy the documents required for home loan balance transfer to SBI which includes, property papers and also account statement.
- You must be an Indian resident
- The age criteria range from 18 to 70 years
- A good credit score
- Both self-employed and salaried can apply
- Duly filled Application Form
- Passport Size Photograph
- Address Proof- AADHAAR card, Last 3 months utility bills like Gas or Electricity Bill, Passport, Driving License
- ID Proof- PAN card, AADHAAR card, Voter ID card, Passport
- Updated Bank statement for last 6 months
- Last 2 years IT return copy or Form 16
- Salary certificate or salary slip of last 3 months
- Occupancy Certificate
- Registered Sale Agreement
- All previous agreements for sale
- NOC from the builder or society
- Receipt of Property Tax, Electricity or Maintenance Bill, Share Certificate (applicable only for Maharashtra)
- Last 3 years IT return
- Profit & Loss Statement & Audited Balance Sheet of last 3 years
- Qualification Certificate (for professionals like Doctor, CA)
- Proof of business address
- TDS certificate (if applicable, Form 16A)
- Details of business license
- Sanction Letter
- Last 1-year loan account statement
- Interim Period Security
- The original papers held with the bank
| Particulars | Women | Others |
| More than Rs. 75 lakhs | 8.65% | 8.70% |
| Up to Rs. 75 lakhs | 8.60% | 8.65% |
| Particulars | Women | Others |
| More than Rs. 75 lakhs | 8.95% | 9% |
| Up to Rs. 75 lakhs | 8.75% | 8.80% |
| Pre-Sanction | Fee for the advocate to help you out for title investigation report & property search Valuer’s fee for the valuation report |
| Post-Sanction | Premium for property insurance Stamp duty applicable for mortgage & loan agreement CERSAI Registration Fee+service tax |
| Processing Fee | 0.35% of loan amount+aplicable tax Minimum- Rs. 2000 & Maximum- Rs. 10000 |
