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.
| 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:
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. Loan Amount Borrowers can avail upto Rs.25000 minimum loan amount under loan against property scheme.
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