Posted by Editor | 1/10/2013 11:09:00 a.m. | 6 comments »

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.

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

    1. Check this link

  2. It is not giving the provisional certificate for current year.

  3. 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

  4. 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.....


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