Currently, Home Loan, Auto Loan, Education Loan, Personal Loan,Loans against Mortgage of Immovable Property and Rent Plus (Loan against rent receivables) products are available through SBI Online Apply.
Yes. Both NRIs and PIOs can apply online and avail of Home Loans for any of the purposes specified above, subject to their meeting other requirements.
Yes. " SBI Her Ghar" is a loan product designed for women and available online, where a woman needs to be the sole / first applicant and the property acquired/proposed to be acquired should be in the name of such sole / first woman applicant. There is a concessional rate of interest of 5 bps (i.e.0.05%) less for women borrowers under " SBI Her Ghar".For Car Loans, a Woman borrower gets a 5 bps (0.05%) concession in interest rate. There is also a concession of 50 bps (0.50%) in Rate of Interest for Girls in case of Education Loan.
Yes. Salaried applicants between 21-45 years of age are eligible for " SBI Yuva Home Loan" subject to fulfilment of employment and monthly income criteria. Under this scheme, only the interest applied on your Home Loan is payable during the first 36 months. The regular EMIs start after completion of 36 months.
Yes. Home Loans from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) or Borrowers' employers (if they are Central/State Govts. or PSUs) can be taken over, subject to the applicant complying with other terms & conditions.
Yes. " SBI Maxgain" is such an innovative and customer friendly product that enables our Home Loan customers to park their surplus funds in the MaxGain account. The customer will also have the choice to withdraw the surplus funds deposited. This will enable customers to save on their Home Loan interest. The MaxGain (Home Loan) account will be linked to the customer's SB/Current Account where the customer will also be provided a Cheque Book and Internet Banking facilities.
Yes. " SBI Realty" enables the customer to purchase a plot for construction of a house later. Construction of house should commence within 2 years from the date of availment of the SBI Realty Loan. Customers may even avail of another Home Loan for construction of house on the plot financed under SBI Realty, with the added benefit of running both the loans concurrently.
" SBI Top Up Home Loan" caters to such requirements, and you may apply online for such a 'top-up' loan to furnish your house, etc.
Yes. You may apply online for purchasing a used/ pre-owned car direct from the owner or through a Pre-owned Certified Car Dealer.
No. At the moment, SBI only offers the facility of applying online for car loans to NRI applicants. PIOs may get in touch with our Contact Centre or nearest SBI Branch.
Yes. It is possible to apply online for reimbursement of the cost of a car already purchased, subject to certain terms and conditions.
Yes. " SBI Scholar Loans" are designed for applicants who have secured admission to designated premier institutions such as IITs, IIMs, etc.
Yes. You may apply online for an " SBI Student Loan" for prosecuting studies at educational institutions in India or abroad, subject to terms and conditions.
SBI 's Loan Scheme for Vocational Education and Training caters to the requirements of applicants who wish to do skill development/certification courses from specified Government/ non-government institutions, leading to a certificate/Diploma, degree, etc. You may apply online for a loan for this purpose.
Yes. It is now possible to apply online for a Personal Loan from SBI for any non-speculative purpose including marriage, education, travel, medical expenses, etc.
Yes. You may apply online for a loan against the mortgage of immovable property or against assignment of the rentals received on your commercial/residential property, subject to terms and conditions.
You may apply online for a Personal Loan whether you are a salaried government/ private sector employee or a businessman or a professional(certain categories), for any non-speculative purpose including marriage, education, travel, medical expenses, etc.
SBI Online Apply is user friendly. It takes you through a step-by-step application process, providing answers to your questions on eligibility, terms & conditions, required documents, etc. Details relating to loan products are also available on State Bank of India 's website https://bank.sbi . For more information you may call on the toll-free numbers provided on the site: 1800 112 211 / 1800 425 3800 .
There is no material difference in applying for a loan online or at a branch, except for the convenience/speed offered by the online loan enquiry/application process. Schemes, eligibility, processes, pricing, etc., remain the same.
Don't worry. If you do not have all information readily available, you may complete the application at a later date (within 15 days). A quote will be emailed to you with a link. Clicking on this link will take you back to your last quote, and you may continue with the loan application process.
If you meet the basic requirements of eligibility under the selected loan scheme, SBI Online Apply will generate an "Approval-in-Principle" letter indicating your loan application reference number, your maximum eligibility for loan, loan tenor, rate of interest, processing fee, etc., which will be sent to the e-mail ID provided by you.
You may not have input the relevant information correctly or there may be a mismatch in the income/eligibility parameters required for generation of an "Approval-in-Principle" letter. In such an eventuality you will receive a call from our Contact Centre. You may also enquire about the status of your loan application by calling SBI 's Contact Centre at the toll-free numbers provided on the site.
Please open the email received in the inbox of your email account from SBI Online Apply that contains the "Approval-in-Principle" letter. It contains your loan application reference ID. In case you are unable to trace the email, please call our Contact Centre at 1800 112 211 (toll free) or 1800 425 3800 (toll free) or 080 26599990 (toll No.) for getting your loan application reference ID.
PAN is the most widely accepted identity proof and a requirement for most large value financial transactions. Although PAN is a requirement for processing any loan application, SBI Apply Online provides an applicant the comfort of submitting PAN at a later date, if the same is not readily available. Submitting your PAN online will, however, expedite the loan process.
Once you check the box against the text, "I agree to be contacted by Bank over Mobile/ email", in SBI Online Apply, the Bank will call you using other (non-DND restricted) numbers.
SBI will only call you in connection with your online loan application. SBI does not call for marketing / promotion unless you have specifically registered your mobile number for this purpose.
Yes. After clicking on the 'Application Status' tab on the 'Home' page, you are presented with a screen which provides you with the current status of your loan application, and also enables you to schedule an appointment and/or to upload the required documents at a later date, too.
The Bank may ask for additional documents or additional copies of documents to verify the inputs given in the application, or to comply with regulatory requirements/ the Bank's loan policy.
Any one of the following types of documents may be uploaded under each loan group.
|Document Type||Home Loan||Auto Loan||Education Loan||Personal Loan|
|Identity Proof||PAN Card Voter ID Driving License Passport Employer IDe||PAN Card Voter ID Driving License Passport Employer ID||PAN Card Voter ID Driving License Passport||PAN Card Voter ID Driving License Passport|
|Address Proof||Telephone Bill ElectricityBill Lease/ Rent Agreement Passport Ration Card||Telephone Bill Electricity Bill Property tax receipt Ration Card Passport Voter ID Card||Telephone Bill Electricity Bill Property tax receipt Ration Card Passport Voter ID Card||Telephone Bill Electricity Bill Property tax receipt Ration Card Passport Voter ID Card|
|Income Proof||Latest Form 16 + Pay slip Latest ITR + Pay slip Salary A/c statement for last six months||Latest salary slip Latest form 16 Salary account statement for last six months Audited/ Certified ITR for last 2 years for Professionals||Latest salary slip Latest form 16 Salary account statement for last six months Audited/ Certified ITR for last 2 years for Professionals||Latest salary slip Latest form 16 Salary account statement for last six months Audited/ Certified ITR for last 2 years for Professionals|
|Others (Purpose related documents)||Agreement for sale, Allotment letter etc.||Quotation for car to be purchased||Proof of admission / selection, etc.||Check-off letter from employer|
Yes, an applicant can apply for more than one product at a time but can't apply for more than one variant of the same product i.e. an applicant may simultaneously apply for a Home Loan and a Car Loan, but not for a "Basic Home Loan" as well as "Takeover of Home Loan". Rest assured that the Bank will offer the product most appropriate to your needs/eligibility.
A Bank executive / representative will call you before processing the loan. You may advise them accordingly when they visit or call on you.
Our representative will reschedule the appointment for collecting the remaining documents, or you may deposit the same at the loan processing Branch.
In such cases, you should personally visit the Branch since deviations from the existing terms and conditions are not handled through SBI Online apply.
Yes, you may, subject to your eligibility for the loan. However, you should advise the Branch regarding your earlier loan application applied through SBI Apply Online.
You may follow up the status of your application online by using the application reference number provided in the e-mail sent to you when you applied online.
Yes. You may also seek assistance from our Contact Centre by calling on the toll free numbers.
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Since this involves a credit decision, the response may vary from case to case. It would be advisable in such an eventuality for the applicant to contact the Bank using the toll free numbers or to call at the branch for clarifications/ support.