SBI Home Loan

About Us
About Us
SBI welcomes you to explore the world of premier banking in India. Our commitment to nation-building is complete & comprehensive. SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of SBI.
Our Products
Approved Project
Approved Project
Find your dream home from our list of approved projects in over 50+ cities. Apply with us & get instant home loan approval!
Calculators
Calculators
Home Loan Calculators Help You In Decision Making By Calculating Monthly Interest, Emis For Various Scenarios And Showcasing Special Benefits Of Home Loan Variants Viz. Benefit Of Switching Over Your Existing Home Loan From Other Banks To Sbi, Benefits Of Availing Home Loan As An Overdraft, Etc.
FAQs
FAQs
SBI Frequently asked questions (FAQ) , has listed questions and answers, all supposed to be commonly asked in context of Home Loans. Please get answers to your common queries regarding the home loan, security, EMIs, etc.
Contact Us
Contact Us
We have a network that is unmatched in terms of reach. We have a network of 25000 + branches, sales teams and processing centers across the country to cater to the housing loan requirements of individual customers. Please locate us and contact us for your home loan requirements.
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SBI Reverse Mortgage Loan- Personal Loan of Senior Citizens

After a lifetime of working and raising families, you deserve a good retirement period

SBI Reverse Mortgage Loan provides an additional source of income for senior citizens of India, who have a self-acquired or self-occupied home in India. This product is beneficial for senior citizens who do not have adequate income to support themselves. The Bank makes payments to the borrower /borrowers (in case of living spouse), against mortgage of his / their residential house property. The borrower is not expected to service the loan during his lifetime.

Features
Eligibility
Interest Rates & Fees
Documents Required

Low Interest Rates
Low Processing Fees
No Hidden Charges
No Pre Payment Penalty

Resident Type: Resident Indian
Minimum Age: 60 years when single borrower. In case of joint borrowers, spouse’s age should be more than 55 years.
Loan Tenure : 10-20 years, depends on age of borrowers
Maximum Loan Limit:
1. Rs. 2.00 crore – Property located within Municipal Corporation Areas of NCR, Mumbai, Pune, Chennai, Ahmedabad, Bengaluru and Hyderabad Centre
2. Rs. 1.50 crores – At all Other Centres (except above Centres)

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Important Notification

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List of papers/ documents applicable to all applicants:

Loan Application: Completed loan application form duly filled in affixed with passport size photographs.

In case of KYC compliant Saving Bank accounts:

No fresh KYC document is required.
Address proof to be provided in case of change of address.
PAN to be provided in case of non-availability of PAN in Bank’s record.

In case of KYC non-compliant Saving Bank accounts:

Proof of Identity (Anyone): PAN/ Passport/ Driver’s License/ Voter ID card.
Proof of Residence/ Address (Anyone): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card.

Property Papers:

Registered Sale deed and link documents for tracing of title
Occupancy Certificate (optional)
Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed

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