SBI Pre Approved Home Loan Details – Projects in Various Cities 2024

PRE-APPROVED HOME LOAN Schemes by State Bank of India. Find your pre approved projects in Bangalore, Delhi, Gurgaon, Pune, Mumbai, Kolkata, Ahmedabad, Chennai, Navi Mumbai, Noida, Greater Noida, Kochi, Jaipur, Mangalore, Indore, Jaipur etc.

• The SBI PAL provides sanction of Home Loan limits to the customers before finalization of the property which enables them to negotiate with the Builder/Seller confidently.
• The loan eligibility will be assessed on the basis of income details of the applicant.
• Non-refundable processing fee as applicable to the Home Loan will be collected at the time of sanction.

Eligibility Criteria for SBI Pre Approved Home Loan

• Resident Type: Resident Indian
• Minimum Age: 18 years
• Maximum Age: 70 years
• Loan Tenure: up to 30 years.

Validity Period

• Pre-approved loan arrangement letter (PLAL) will be valid for a period of 4 months. Property papers will be required to be submitted by the borrower within the validity of PLAL. Processing fee will not be levied again.

Loan Amount

• Pre-approved loan arrangement letter (PLAL) will carry the eligible loan amount calculated on the basis of prevailing interest rates
• Minimum Loan amount: Rs.10 Lakh

Here’s the Complete list of Pre Parroved Projcts of SBI

• Pre Approved Projects in Bangalore
• Pre Approved Projects in Delhi
• Pre Approved Projects in Noida
• Pre Approved Projects in Gurgaon
• Pre Approved Projects in Chennai
• Pre Approved Projects in Mangalore
• Pre Approved Projects in Kochi
• Pre Approved Projects in Jaipur
• Pre Approved Projects in Faridabad
• Pre Approved Projects in Ranchi
• Pre Approved Projects in Pune
• Pre Approved Projects in Mumbai
• Pre Approved Projects in Navi Mumbai
• Pre Approved Projects in Nagpur
• Pre Approved Projects in Indore
• Pre Approved Projects in Guwahati
• Pre Approved Projects in Kolkata
• Pre Approved Projects in Chandigarh

Documents Required for SBI Pre Approved Home Loan

List of papers/ documents applicable to all applicants:

• Loan Application: Completed loan application form duly filled with 3 Passport size photographs
• Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
• Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Account Statement:

• Bank A/c. Statement (Individual) of last six months
• If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

• Current Salary Slip or Salary Certificate
• Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

• IT returns for last 3 years
• Balance Sheet & Profit & loss A/c for last 3 years
• Business License Details(or equivalent)
• TDS Certificate (Form 16A, if applicable)
• Certificate of qualification (for C.A./ Doctor and other professionals)

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