SBI home loan interest certificate: Process to get SBI home loan statement online and offline

What is SBI home loan statement?

Customers of SBI home loans can get their home loan statement and interest certificate by going to the SBI online portal. You may also get it offline by visiting the SBI branch that is closest to you. A document provided by the bank that contains all the information about your home loan is called a home loan statement, repayment schedule, or amortisation table. Typically, it contains the following information:

• The sanctioned and disbursed loan amount.
• Prevailing interest rate, number of paid and unpaid payments in the EMI.

The entire interest paid on the SBI home loan over the course of a specific fiscal year is stated in the SBI interest certificate. For purposes of sections 24B, 80EE, and 80EEA of the Income Tax Act, as applicable, this certificate is required, in order to claim an income tax deduction for interest paid on a home loan.

SBI interest certificate benefits

Customers of housing loans can trace the repayment of their home loan with the aid of this statement. This document lists both, the total money paid and the balance outstanding. It is beneficial for future financial planning. Borrowers can also understand the financial repercussions of early loan repayment with the help of the SBI home loan statement.

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SBI home loan interest certificate download online

1. Visit SBI’s website.
2. Click on the Login tab.
3. Log in with your netbanking credentials.
4. You will be able to access and download your SBI Bank interest certificate once you do the SBI login.
5. You can also acquire the provisional interest certificate by choosing the ‘Provisional Interest Statement’ option.

How to get SBI home loan interest certificate offline?

You must take the following documents to the closest SBI branch:

• The appropriate filled-in form or letter seeking the home loan statement, interest certificate and/or provisional interest statement.
• Include any pertinent information, including the applicant’s date of birth, email address, and other contact information as appropriate, such as the home loan account number.
• Submit the form and copies of all relevant papers, such as your passport, PAN card, and Aadhaar card.

It is advised that only the applicant or co-applicant for the SBI home loan visit the branch to obtain these particular papers. The applicant or co-applicant may send someone on their behalf, with a letter of authority and ID evidence for both that person and the applicant or co-applicant, if visiting the branch is not possible.

See also: How to register for SBI mini statement

When will the statement and interest certificate for SBI home loans be available?

You can either physically pick it up from any SBI home loans branch during regular business hours or you can download it electronically by following the above-mentioned methods.

The SBI home loans interest certificate for a certain fiscal year is only accessible following the commencement of the subsequent fiscal year. Before the conclusion of the current fiscal year, a provisional interest statement is accessible. This is the total interest paid on the SBI Home Loan throughout the course of that specific fiscal year. The preparation of income taxes and other financial matters for the fiscal year typically calls for this.

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See also: All about SBI savings account in India

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