Loan Against Property Sbi

Benefits of the SBI Advantage Loan Against Property:

  • Complete transparency in process of Porperty loan
  • you can access your application through more than 28000 branches of SBI.
  • Lowest & minimum Interest rates reduce per month emi burden.
  • Lowest processing charges of 1.00% of loan amount.
  • Longer repayment period of 5 years to 10 years for salaried class
  • 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 loan against Property. SBI offer you these loans at all Personal Banking Branches and those branches having Personal Banking Divisions amongst others.

Apply for Best Loan Against Property in Sbi

Professional Details
Loan Amount:
Occupation:
City:
Annual Income:
Banks up to 30 lacs 30-75 lacs 75 & above Processing fees
HDFC
9.75% - 10.50% 9.75% - 10.50% 9.75% - 10.50% Maximum of 1% of loan amount
SBI
9.45% - 11.00% 9.45% - 11.00% 9.45% - 11.00% 1.00% or Rs.50,000 Maximum
ICICI Bank
11.35% 11.35% 11.35% 0.25% of the loan amount or Rs.50000 +GST whichever is higher
Axis Bank
11.00% - 12.10% 11.00% - 12.10% 11.00% - 12.10% 1% or Rs 5000 (whichever is higher)
Indiabulls
10.60% - 14.50% 10.60% - 14.50% 10.60% - 14.50% 0.50% to 1.00%

SBI property loan details:

Interest rates

9.70% - 11.75%

Processing fees 1% of the loan amount plus service tax, maximum of Rs. 50,000/- plus Service Tax
Prepayment charges Nil
Repayment options Upto 10 years
Maximum loan amount Rs.1 Crore
Loan Margin 60%
Min. Income Rs.12000 per month

Eligibility: You are eligible for State Bank of India Property loan if:

you are an Employee, Professional, Eelf-employed or an income tax assesse or Engaged in agricultural and allied activities.

Minimum net monthly income of Rs. 25000/- (or Rs. 3 lacs per annum)

Processing Fees - 1% of the loan amount plus service tax, maximum of Rs. 50,000/- plus Service Tax

Loan Amount

Borrowers can avail upto Rs.25000 minimum loan amount under loan against property scheme.


Maximum loan amount which is Rs.1 crore.

  • 2 times the net annual income of others (income as per latest IT return less taxes payable)
  • 24 times the net monthly income of salaried persons (Net of all deductions including TDS)