SBI Home Loan Balance Transfer offers home loan at an attractive interest rate. You can easily go for SBI Home Loan Balance Transfer from Housing Finance Companies registered with NHB, Private & Foreign Banks, scheduled commercial banks and if borrower’s employees considering they are State/Central govt institutions or PSUs. The home loan balance transfer to SBI benefits you with a lower interest rate. SBI Home Loan Balance Transfer rates 2019 starts from 8.75%* based on your eligibility. You have to pay SBI Home Loan Balance Transfer charges that are applicable. The documents required for a home loan balance transfer to SBI is very minimal.

Features of SBI Home Loan Balance Transfer

• SBI Home Loan Balance Transfer rates 2019 is quite economical as compared to other bank’s home loan.
• If you are a woman applicant, then you will enjoy concession on the interest rate of home loan balance transfer to SBI.
• SBI Home Loan Balance Transfer charges include- processing fee, pre & post-sanction fee which are budget-friendly.
• SBI Home Loan Balance Transfer rates 2019 follows daily reducing balance method.
• Low processing fee, with no hidden charges and no prepayment penalty, is charged for SBI Home Loan Balance Transfer.
• You must satisfy the documents required for home loan balance transfer to SBI which includes, property papers and also account statement.

Eligibility for SBI Home Loan Balance Transfer

• You must be an Indian resident
• The age criteria range from 18 to 70 years
• A good credit score
• Both self-employed and salaried can apply

Documents Required for SBI Home Loan Balance Transfer

Papers for all applicants

• Duly filled Application Form
• Passport Size Photograph
• Address Proof- AADHAAR card, Last 3 months utility bills like Gas or Electricity Bill, Passport, Driving License
• ID Proof- PAN card, AADHAAR card, Voter ID card, Passport
• Updated Bank statement for last 6 months

Income Proof for the Salaried Individual/Co-applicant/Guarantor

• Last 2 years IT return copy or Form 16
• Salary certificate or salary slip of last 3 months

Property Papers for SBI Home Loan Balance Transfer

• Occupancy Certificate
• Registered Sale Agreement
• All previous agreements for sale
• NOC from the builder or society
• Receipt of Property Tax, Electricity or Maintenance Bill, Share Certificate (applicable only for Maharashtra)

Income Proof for the Non-salaried Individual/Guarantor/Co-applicant

• Last 3 years IT return
• Profit & Loss Statement & Audited Balance Sheet of last 3 years
• Qualification Certificate (for professionals like Doctor, CA)
• Proof of business address
• TDS certificate (if applicable, Form 16A)
• Details of business license

Papers from other banks

• Sanction Letter
• Last 1-year loan account statement
• Interim Period Security
• The original papers held with the bank

SBI Home Loan Balance Transfer Rates 2019

Home Loan- Term Loan

#interest rate might vary from time to time

Home Loan- Overdraft Loan

#interest rate might vary from time to time

SBI Home Loan Balance Transfer Charges