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.
|Interest rate||9.95 % Onwards|
|Loan duration||up to 15 years|
|Pre payment charges||Nil|
|Processing Fees||1.0 %|
|Maximum Loan||7.5 Cr|
|Net Annual Income||EMI/NMI ratio|
|> Rs. 3 lacs<= Rs.5||50%|
|> Rs. 5 lacs <= Rs.10 lacs||55%|
|> Rs.10 lacs||60%|
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.
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