SBI Home Loan - Generating Income Tax Statement Online

byEditor -
27

Update 2018: SBI has made some changes to their online portal, you can find updated information on how to generate provisional interest certificate for your MaxGain account here.

At the end of the financial year you need to submit your home loan statement to the Income Tax Department to avail tax benefits.

You can save tax on the Principal paid under Section 80C and on the interest under Section 80E. Section 80C limits the maximum saving to Rs.1 Lakh where Section 80E allows up to Rs.1.5 Lakhs.

For more details on the tax savings options on home loan read our article How to save income tax?.

How to generate loan statement online?

Generating Provisional Interest Certificate Online is very easy. Log on to your State Bank of India account using this link and go to Enquiries->Home Loan Int. Cert. Select your home loan account and download the Tax Certificate for your income tax filing needs.

Housing Loan Interest Certificate for Maxgain accounts

SBI Maxgain account is an innovative offering from SBI, which ideally is an overdraft account, allows you to park your surplus funds into this account and thus reduces your interest burden.

You can operate a Maxgain account like any other Savings or Current account, download statements, transfer funds online etc.

Only problem with this account is you cannot generate Housing Loan Interest Certificate online. You have to go to your home branch where you availed your loan and request for an interest certificate to claim tax savings.

Update: SBI recently added an option to generate provisional certificate for MaxGain accounts too. Read this story SBI MaxGain Home Loan - Generating Provisional Certificate for details.


Update: From this year onwards PAN number of the financial institution from where you have availed housing loan is mandatory to get tax benefits. You can find PAN number of State Bank of India here.

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27 Comments

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  1. Unknown20 January 2015 at 14:24

    Im getting this message Provisional Home Loan Certificate is not available for the selected account

    ReplyDelete
    Replies
    1. Sreekanth23 January 2015 at 12:32

      I also got same error.

      Delete
    2. Anonymous23 January 2015 at 15:04

      Check this link http://www.texient.com/2014/12/sbi-maxgain-homeloan-generating-incometax-provisional-certificate.html

      Delete
  2. Anonymous17 April 2015 at 15:03

    It is not giving the provisional certificate for current year.

    ReplyDelete
  3. Anonymous21 May 2015 at 08:59

    Absolutely ridiculous bank . No generation option of Provisional Certificate for the current year. The RACPC / Branch is just a piece of shit. Even for last years IT Certificate I had to run to the branch 4 times before they gave it to me. Govt organizations are a CRAP

    ReplyDelete
  4. Unknown23 July 2015 at 13:21

    Dear All , both certificate can be downloaded online...1. Provisional certificate for current year. ..2. Intrest certificate for previous year (Which is to be submitted for INCOME TAX Purpose). .....Gr8 work done by SBI.....

    ReplyDelete
    Replies
    1. Sachin28 December 2015 at 17:58

      Vivek, do you have MaxGain enabled for Homeloan?

      Delete
    2. Sss11 January 2016 at 15:49

      how you got Vivek. can you guide us. cannot go and ask many time to home branch as we have online facility

      Delete
  5. sreekanta6 January 2016 at 13:38

    I also tried to get a provisional Home loan certificate, but all efforts have gone in vain.

    ReplyDelete
    Replies
    1. Rajesh9 January 2016 at 19:50

      Check this link SBI MaxGain Home Loan - Generating Provisional Certificate

      Delete
  6. Sss11 January 2016 at 15:47

    I'm unable to download Home Loan Interest Certificate(Prov) from SBI net banking under Enquires tab. Contacted home loan branch but they have given written form with bank stamps. but that was got rejected during TDS approvals. Can you anyone help me how you have got the interest certification. much appreciated your valuable suggestion!!

    ReplyDelete
  7. vijaybhaskar20 January 2016 at 12:38

    Unable to download the Home Loan Interest Certificate.

    ReplyDelete
  8. Anonymous21 January 2016 at 12:06

    I am able to download the PROVISIONAL HOME LOAN INTEREST CERTIFICATE, but shows wrong figures, it shows total expected repayment amount as per up to todays paid total emi amount. It should be EMI x 12.

    ReplyDelete
    Replies
    1. Prakash21 January 2016 at 12:11

      Same here... showing only the first month as already paid and rest is shown as expected.. Looks like some hardcoded values being displayed. Too bad.

      Delete
  9. Unknown24 January 2016 at 14:31

    A/c no31113508234 home loan statement 2015/16

    ReplyDelete
  10. D K Jain13 April 2016 at 22:28

    bullshit facility....by the largest Indian Bank
    Not able to download FY:2015-16 Interest Certificate and FY:2016-17 Provisional Certificate

    ReplyDelete
  11. Anonymous18 November 2016 at 10:30

    Can I deposit old 500 and 1000 currencies(demonetized by Modi) to my MaxGain account? If yes, what is the limit?

    ReplyDelete
  12. Unknown4 January 2017 at 12:10

    I am trying from online, it's not generated for me for this year. How to get? Is there any email id where we can communicate and get it done?

    ReplyDelete
    Replies
    1. Editor4 January 2017 at 17:53

      Each SBI branch has its own email address, try reaching out to your home branch.

      Delete
  13. mohan Udgiri24 January 2017 at 15:18

    Just log on to Personal Banking section of the Internet Banking site with your credentials and select the "Home Loan Int.Cert (Prov)" link under "Enquiries" tab. Then select the account for which you require a Home Loan Interest Certificate. The certificate can be viewed online, printed or downloaded in pdf.

    ReplyDelete
    Replies
    1. Madhuram10 January 2018 at 14:54

      I did the same last year. But now "Home Loan Int.Cert (Prov)"option is not visible under enquiries. Today is last day to submit it at my office :( could anyone help me to get online "Home Loan Int.Cert (Prov)"

      Delete
    2. Rajesh10 January 2018 at 23:00

      Check this link for the updated steps -> http://www.texient.com/2018/01/it-proof-online-provisional-home-loan-interest-certificate.html

      Delete
  14. Sanjeev Ghosh29 July 2017 at 16:41

    Guys be cautious you will not be able to see all loan accounts in online if you have multiple SBI savings account...... not sure but It picks the oldest account or any loan account availed.... I too could see... when I logged into old accounts I was able to see the loan account online..

    ReplyDelete
  15. raj12 January 2018 at 10:54

    To download SBI PROVISIONAL HOME LOAN INTEREST CERTIFICATE, go to
    sbi internet banking -> e-Services->Certificates ->select loan account
    You will get the certificate

    ReplyDelete
  16. Unknown16 January 2019 at 07:12

    Got the certificate but with wrong values what to do

    ReplyDelete
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