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Loan Against Property Sbi


Benefits of the SBI Advantage Loan Against Property:

  • Complete transparency in operations
  • Accessibility of loan through wide network of branches
  • Interest rates are levied on a monthly/daily reducing balance method.
  • Lowest processing charges.
  • Long repayment period of 60 months, upto 120 months for salaried individuals with check-off facility
  • No Hidden costs or administrative charges.
  • No prepayment penalties. You can have surplus funds at any time thereby conveniently reducing your loan liability and interest burden.
  • Availability of an All-Purpose loan against Property. SBI offer you these loans at all Personal Banking Branches and those branches having Personal Banking Divisions amongst others.


This is an all purpose loan, i.e., the loan can be obtained for any purpose whatsoever.If amount of loan is Rs.25.00 lacs and above then purpose of loan will have to be specified alongwith an undertaking that loan will not be used for any speculative purpose whatever including speculation on real estate and equity shares.

Apply for Best Loan Against Property in Sbi

Professional Details
Loan Amount:
Annual Income:
Banks up to 30 lacs 30-75 lacs 75 & above Processing fees
12.75% 12.75% 12.75%

1%+ service Tax

Ing vysya
12% to 13% 12% to 13% 12% to 13% 1%
12.05% 12.05% 12.05% 1% + service tax
Axis Bank
13.15% 13.15% 13.15% 1%
India Bulls
12.50% 12.50% 12.50% 1%+service Tax
15.5% 15.5% 15.5% 1% of the loan amount

A dream come true! An ALL PURPOSE LOAN for anything that life throws up at you!! Do you need funds for a Marriage ceremony, want to take your family to a well-deserved holiday or for a sudden medical emergency? you have some property, but would rather not sell it? Then why not avail of this ALL PURPOSE LOAN from SBI? SBI now makes it very much possible for you to only keep your property but also have liquid funds.

Interest Rates charged by State Bank of India for Loan Against Property:

Size of Credit Limit (Term Loan) Rate of Interest*
For Loans upto Rs 1 Cr 12.60% p.a.
For Loans above Rs 1 Cr 12.85% p.a.
*No Overdraft against Mortgage of Property



Eligibility: You are eligible if you are:

A. An individual who is;
a. An Employee or
b. A Professional, self-employed or an income tax assesse or
c. Engaged in agricultural and allied activities.

B. Your Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net Annual Income (others) is in excess of Rs.1,50,000/-.

The income of the spouse may be added if he/she is a co-borrower or a guarantor.

C. Maximum age limit: 60 years.

Processing Fees - 2% of the loan amount [inclusive of the service tax]. Max of Rs. 50,000/-

Loan Amount

Minimum: Rs.25,000/-
Maximum : Rs.1 crore. The amount is decided by the following calculation:

  • 24 times the net monthly income of salaried persons (Net of all deductions including TDS) OR

2 times the net annual income of others (income as per latest IT return less taxes payable)



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