To make your home loan journey a smooth sail, in this article we will help you to know eligibility criteria, rates of interest, process, necessary documents, comparison and transfer for lowest rates.
To make your home loan journey a smooth sail, in this article we will help you to know eligibility criteria, rates of interest, process, necessary documents, comparison and transfer for lowest rates.
Achieve all your goals and aspirations; with the right kind of loan and help, exactly when you need it.
SBI MaxGain is a home loan that is sanctioned as an OD with a limit that is equal to the approved loan amount. Your home acts as the underlying security for the OD account. This product has the same interest rate as the other home loan, Maxgain is an overdraft facility, which also operates like a savings bank or a current account. Customers availing home loan under this scheme get an overdraft by SBI of an amount equivalent to the loan amount sanctioned. When there is surplus money, the borrower can deposit it in the SBI Maxgain Account as loan payment and reduce the interest burden. Since the account also operates as a regular savings/current account, the borrower is allowed to withdraw the surplus parked as and when required. For this purpose, the borrower is also given a cheque book, ATM-cum-Debit Card and net banking facility.
| 1 | 3 passport size photos |
| 2 | Address proof |
| 3 | Identity proof |
| 4 | Latest 3 month payslips |
| 5 | 1 year salary account bank statement |
| 6 | 3 years Income Tax Returns & Form 16, |
| 7 | Bank empanel Advocate Legal report and empanel valuer evaluation report |
| 8 | For self employed : business address proof, license, GST additional |
| 9 | More documents required depends on TYPES of LOAN etc… |
Any salaried, self-employed or professional, Public and Private companies(listed companies), Government sector employees including Public Sector is eligible for a home loan with minimal processing fee.
Maximum age of applicant at loan eligibility: 70 years
Minimum Net Monthly Income: Rs 15,000
Now apply for a Home Loan online, All you need to do is provide your details below application form.