SBI Loan Against property


SBI Loan Against Property 

If you need large sum of money by mortgaging your property, you can easily avail SBI loan against property for the same. SBI is the largest bank in India providing various retail loans like Personal loan, Home loan and Loan against property etc. The interest rate for SBI loan against property starts from 9.95% onwards.

Updated SBI Loan against property Interest Rates

Interest rate 9.95 % Onwards  
Loan duration up to 15 years
Pre payment charges Nil
Processing Fees 1.0 %
Maximum Loan 7.5 Cr

To apply for Loan against property - Click here.

SBI Loan against property features.

  1. Complete transparency in operations
  2. Personal loan to individual owners of residential home/flat and select commercial properties
  3. Largest Presence of branches Pan India like Jaipur, Delhi.
  4. Access this loan from SBI's wide network of branches
  5. Interest rates are levied on a daily reducing balance method
  6. Lowest processing charges.
  7. Rental income in select cases also considered for loan eligibility.
  8. No prepayment penalties. You can have surplus funds at any time thereby conveniently reducing your loan liability and interest burden.
  9. Minimum net monthly income of Rs. 25000/- (or Rs. 3 lacs per annum)
  10. Loan under LAP should be liquidated before eldest borrower attain the age of 70 years.
  11. Minimum Loan amount Rs.10 Lacs and Maximum: Rs.7.5 crores. subject to location of property
  12. Loan Tenure: Minimum - 5 Years and Maximum - 15 Years
  13. EMI / NMI Ratio-
  14. Maximum permissible EMI/NMI will be as below:
Net Annual Income EMI/NMI ratio
> Rs. 3 lacs<= Rs.5 50%
> Rs. 5 lacs <= Rs.10 lacs 55%
> Rs.10 lacs 60%


About State Bank of India (SBI)

State Bank of India (SBI) is the largest Bank of India with approx consolidated assets of USD 500 billion and profit of USD 1.5 billion for the year ended March 31, 2018. SBI currently has a network of approx 13,000 Branches and 59,291 ATMs across India. It is headquartered in Mumbai, Maharashtra, India.

Eligibility for SBI Loan against property

An individual who is;

  • An Employee or A Professional, self-employed or an income tax assesses or NRIs (Who has residential property or commercial properties in his own name or in the name of spouse / children/parent/sibling)
  • Minimum net monthly income of Rs. 25000/- (or Rs. 3 lacs per annum)
  • Loan under LAP should be closed before eldest borrower attain the age of 70 years.

SBI Loan against property Loan amount to Value of Property Ratio

  • Upto 1 Cr – 65%
  • More than 1 Cr – 60%


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