SBI home loan provisional interest certificate can be downloaded from SBI bank’s official website. The certificate can be viewed, printed, and downloaded in a pdf format.
How to download SBI Home Loan provisional interest certificate online
- Visit SBI’s official website at https://www.onlinesbi.com/personal/
- Log in to your account using your net banking user ID and password
- Click on the 'e-Services' tab. Then, click on 'My certificates'
- Click on 'Home loan interest certificate' or “Home loan interest certificate (provisional)”
- Now choose “loan” on the loan account
- You can now view/print/download your home loan interest certificate
How to download SBI Home Loan provisional interest certificate offline
- You can also get the SBI loan provisional interest certificate by walking into any of the branches of SBI. You will have to submit a written application along with all the details.
- Call/ SMS customer care - Call SBI customer care at 18004253800 or 1800112211 and request the interest certificate to be sent to you.
What is a Home Loan Interest Certificate?
A home loan provisional certificate is an official account statement for your home loan account. The document is offered for free by the concerned lender only. Like your savings bank account statement, a home loan interest certificate briefs your account summary, including the interest and principal payment processed in the current financial year.
Your home loan provisional certificate reflects the following:
- Loan amount
- EMI
- Principal paid during the financial year
- Interest paid during the financial year
For Joint home loans, each borrower should download the home loan interest certificate. The interest payment is reflected as the proportion of ownership by each co-owner of the property. In case co-ownership of property is not mentioned, interest payments or EMIs are equally divided among the co-borrowers.
Why do you need a home loan interest certificate?
You need a home loan interest certificate as proof of home loan payment for the current financial year. The document is required to be submitted to the employer while filing ITR to claim tax deductions under Section 80C and section 24b respectively.
SBI Home Loan 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.
Conclusion
SBI home loan provisional interest certificates can be downloaded easily by both offline and online methods. For offline, you can step into any of the branches of SBI and fill out the required form. For online, you can log in to SBI’s official website and request it from there.
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FAQ of How to Download SBI Home Loan Provisional Interest Certificate
1:How to get an SBI Home loan interest certificate offline?
You can walk into any of the branches of SBI and fill out the form to get the certificate.
2:Can you download and print the SBI Home loan interest certificate?
Yes, it can be downloaded and printed.
3:What is the use of SBI Home loan interest certificate?
The SBI Home loan interest certificate is a statement of your home loan account which is given by SBI and is useful to know your loan status as well as for claiming tax benefits.