Every financial dealings involve risk and there is no exemption in lending money to public. Bank calculates their risk factor in each and every loan products hence making ways to subdue collecting authenticated documents from its loan customers. Here we can find what are the documents usually banks ask to a loan customer.
SBI Tribal Plus Home Loan Scheme is a special Housing finance scheme for Hill / Tribal areas of North East India and areas around Chandigarh, Bhopal, Lucknow, Patna and Bhubaneswar. It provides lowest interest rates, lowest processing charges and no securities required.
Loan customers may think possibility of transferring loan to more customer friendly bank, sometimes, reasoning better interest rate, relaxation of fine imposing etc. When they think about taking a loan, there may not have studied various bank's terms, conditions, policies. After starting repayment of some instalments, they would have learned about their bank's merits and demerits.
State Bank Of India has adopted a Green Banking Policy with an objective of contributing towards the fight against the adverse climate change. One of the initiatives approved by the Board for this purpose is incentivizing borrowers who go in for Green Projects, i.e. those projects which reduce Carbon Emissions and promote Renewable Energy. "Green Housing" or "Green Home" is one of the types of projects identified for this purpose.
List of papers / documents applicable to all applicants for Housing Loan:
- Completed loan application
- 3 Passport size photographs
- Proof of identify (photo copies of Voters ID card/ Passport / Driving license/ IT PAN card)
- Proof of residence (photo copies of recent Telephone Bills / Electricity Bill/Property tax receipt/ Passport/ Voters ID card)
- Proof of business address for non-salaried individuals
SBI Housing Loan becomes the most demanding home loan across the banking sector in India and you will never regret if you have taken housing loan from State Bank Of India. Other banks have very attractive offers for housing loan, once you have availed one of those home loans, there will be a day that you realize "I could have at least gone through the details of SBI housing loan". There is a saying among the home loan takers "Upto loan sanctioning, other banks are good; after sanctioning, SBI is good".