SBI experience depends on the branch and even officer to officer.
Also while getting a loan, Tax planning is a very important part. If you get it correct, you can save more.
> Interest can be claimed as a deduction under Section 24. You can claim up to Rs. 150,000 or the actual interest repaid whichever is lower. (You can claim this interest only when you are in possession of the house)
> Principal can be claimed up to the maximum of Rs. 100,000 under Section 80C. This is subject to the maximum level of Rs 100,000 across all 80C investments.
There is more scope if you are joint holders of loan and land with a wife that has seperate income (Different return of income.)
Get a loan from a good place that is responsive to you. You will need to show the statement provided by the lender showing the repayment for the year as well as the interest & principal components of the same. So fancy schemes like the ones mentioned above need to be looked into. Cause the Income tax officers are kind hard people to convince
Also, check if the rate of tax are floating rates or fixed. Country like ours you want things to be certain.