The SBI home loan statement is a crucial official document that includes essential information about your home loan. It serves as an important tool to monitor and manage your loan repayment effectively.
The statement gives comprehensive evidence of your repayment history. It also features details about your outstanding home loan balance as well as any skipped EMIs. You can also track data related to prepayment here.
Both online and offline modes are available for you to access the State Bank of India home loan statement. Read on to know how to get the SBI home loan statement online and offline.
You can conveniently download the State Bank of India housing loan statement from the comfort of your own home. The process is fast and simple, taking only a few minutes to complete. Read on to learn more about the steps involved in downloading the SBI home loan statement online.
Step 1: Open your web browser and navigate to the ‘Personal’ section of the official website of State Bank of India
Step 2: On the personal banking page, click in ‘Login’ and enter the relevant details provided to you by the bank, including your username and password
Step 3: Go to the ‘Enquiries’ tab and select the link labelled ‘Home Loan Interest Certificate (Provisional)’
Step 4: Next, choose the specific home loan account for which you need the statement
Step 5: You have the following options to obtain the home loan statement or interest certificate:
You also have the option to obtain your SBI housing loan statement offline by visiting the nearest State Bank of India branch. Follow these simple steps to obtain a hard copy.
Get a copy of your State Bank of India home loan statement.
The SBI housing loan account statement is an important document that allows you to track your repayment journey in a convenient way.
Crucial data available in the SBI home loan statement includes the following:
Your home loan principal, tenure and home loan interest rate
The balance home loan amount due and the ongoing repayment tenure
The home loan amount you have paid off
The monthly instalments already paid and the EMIs remaining
Your tax certificate for filing ITR
The commencement date for your loan, the end of the tenure and the approaching EMI date
With this information, you can effectively track and manage your home loan, while also meeting your tax requirements with ease. This document along with the SBI home loan interest statement helps you file taxes to receive the IT deduction on home loan repayment.
In addition, this statement helps you provide proof to credit information companies in case you notice any errors in your credit information report. This is why knowing how to access your State Bank of India housing loan statement is vital.
In case you feel you are paying a higher loan interest when you compute your instalments using a home loan EMI calculator, you can opt for a home loan balance transfer option. You can get more details regarding the same at Bajaj Markets.
You require your SBI home loan statement when you are filing taxes. It helps you get the income tax deduction you are liable for. In addition, you can consult this document to effectively monitor and manage your home loan payments.
It is also helpful if you are planning to switch home loans or restructure your home loan.
To track your SBI home loan application status, you can visit the ‘Track your application’ page and select the ‘Track Application’ tab. Enter your home loan application or reference number and click on the ‘Track’ button.
The SBI home loan interest statement is a comprehensive record of the interest payments that you made towards your home loan. You need it when you are availing tax benefits on the interest paid for your housing loan during tax filing.
You have the flexibility of getting your SBI home loan statement through both online and offline modes. You can choose to access the SBI online housing loan statement through the official SBI website or offline by going to the nearest SBI office.