Please think twice before applying home loan in SBI. They wont approve your loan very easily. I have applied for home loan in Chennai branch for home construction. I have submitted all my documents. The bank home loan executive told me to check the document legal from your side. For that he told me to pay 3000 rupees and I have agreed to pay because the bank will reduce the processing fees for that. For property valuation SBI bank employee told me to pay Rs 3000 and I paid for this also. SBI bank employee told me that loan will approve in one week. After 3 weeks the property valuer told me that your approval is panchayat so you SBI will not approve loan for panchayath. They wont inform the customers before they receive the documents
from your side about qualifications to approve loan. They simply get all your documents for formality and ask money for various reasons and they receive commission
from lawyer and valuer for various reasons. You will loose money
without getting your home loan. There is a big mafia behind this
SBI home loan. Finally the lawyer and valuer were not ready to refund my money. They didnt refund my full money. The lawyer was ready to refund 1000 rupees after I begged him. But the valuer refund just 500 rupees only. He told me that he will charge Rs 2500 for just site visit. Finally I lost my Rs 4500 for applying a home loan in SBI.