Disbursement Process of SBI Home Loan

State Bank of India Home loan will be disbursed only on the following conditions. you can follow the guidelines online to know the process easily.

Steps of SBI Home Loan Disbursement

1. All the security documents prescribed have been executed by borrower/co-applicant (s)/ guarantor/s

2. A valid mortgage (equitable or registered if equitable mortgage is not possible) has been created in favour of the Bank as per the laws of the State.

3. Wherever creation of mortgage is likely to be delayed for any valid reason, suitable security including third party guarantee, has been taken for the interim period.

4. The loan will be disbursed in stages where a loan for construction is desired or purchase is through payment to seller in installments.

5. All necessary statutory compliances are in place.
SBI may disburse the quantum of loan in lump sum or in installments at its own discretion depending on the level of construction of the House/Flat as acceptable to SBI.

SBI will disburse loan amount directly to the builder/seller/society as the case may be and as requested / specified/ directed by the customer to SBI at the time of each disbursement. SBI shall not be responsible / liable in any manner whatsoever for any delay by the customer in providing such request/ specification/ direction to SBI and the customer shall not claim any costs, charges and expenses in any relation to any non-disbursal by SBI due to any such delay by the customer.

विवरण प्राप्त करें – एसबीआई होम लोन ब्याज दरें

The Bank reserves the right to collect any tax if levied by the State/Central Government and/or other Authorities in respect of this transaction.

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