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SBI Home Loan - Generating Income Tax Statement Online

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.

Comments

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

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

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

    ReplyDelete
  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

    ReplyDelete
  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.....

    ReplyDelete
    Replies
    1. Vivek, do you have MaxGain enabled for Homeloan?

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

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

    ReplyDelete
    Replies
    1. Check this link SBI MaxGain Home Loan - Generating Provisional Certificate

      Delete
  6. 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
    Replies
    1. it is not SBI MaxGain I hope so

      Delete
  7. Unable to download the Home Loan Interest Certificate.

    ReplyDelete
  8. 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. 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. A/c no31113508234 home loan statement 2015/16

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

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

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

      Delete
  13. 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

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