Apply for SBI Bank Loan Balance Transfer Back

Tenure Range

1 to 30 Years

Processing Fee

2,000 to 10,000 + applicable tax

Interest Rate Range

8.35% to 8.70%

Rs.

SBI Bank Home Loan Balance Transfer Rate 2018

SBI Bank Home Loan Balance Transfer Rate 2018
Interest Rate8.35% to 8.70%
Processing Charges2,000 to 10,000 + applicable tax
Loan Tenure1 to 30 Years
Loan Amount5 Lakhs to 10 Crore
Cheque Bounce ChargesRs. 500 per instance
Cheque / Instrument Swap ChargesRs. 500 per instance
Prepayment or Foreclosure ChargesNil if floating, upto 2% for fixed rate

Documents for SBI Bank Loan Balance Transfer

Following documents are required for loan approval -

Know your customer (KYC) formalities:

  • Identity Proof - Passport / PAN card / Voter's Identity Card / Driving License / Identity Card with applicant's photograph issued by Government, Aadhar Card.
  • Address Proof - Passport / PAN card / Voter's Identity Card / Driving License / Latest Utility Bill (electricity, telephone, postpaid mobile phone, piped gas and water bill) / Property Tax Receipt / Bank or Post Office Savings Bank Account Statement / Letter of Allotment of Accommodation issued OR Leave and License agreements issued by Government to the employee
  • Signature Proof - Driving License / Passport / PAN Card / Bankers' Verification / Registered Sale Deed / Government Employee ID Card
SBI Home Loans Transfer
Filled transfer application form.
Agreement to create mortgage.
Power of Attorney written in favour of the bank authorizing the bank to create equitable mortgage on the borrower’s behalf.
Valid documents of the title to the house/flat.
Bank statement of your current home loan account of last 6 months to 1 year.
Foreclosure letter from current bank.