Each financial year, it’s critical to request a home loan interest certificate from your bank.
Your lender will provide you with a statement of your home loan account, which is known as a home loan certificate. It’s a summary of the interest and principal you have paid on your home loan during the current fiscal year.
How to get SBI home loan provisional certificate online
There is no fees you will have to pay to obtain this certificate, whether it is obtained online or in person.
Step 1: Visit SBI website at https://www.onlinesbi.com/personal/
Step 2: Login using your net banking credentials
Step 3: Click on ‘e-Services’ tab and click on ‘My certificates’
Step 4: Click on ‘Home loan interest certificate’ or Home loan interest certificate (provisional)
Step 5: Click on the loan on the loan account
Step 5: Print or download your home loan interest certificate
How to get SBI home loan provisional certificate offline
State Bank of India home loan customers can also request for home loan provisional certificate by visiting the branch and submit written application along with required details.
You can save income tax on the home loan principal repayment amount up to Rs 1.5 lakh each year under section 80C of the Income-tax Act, 1961. The tax saving that is offered on home loan interest payment under section 24b. The deduction to claim interest paid is available for up to Rs 2 lakh within the overall limit of Section 24b in a financial year.