Check ✔ Loan Against Property Interest Rates ✔ Processing Fee ✔ Tenure ✔ Loan Amount ✔ Prepayment Charges ✔ Eligibility ✔ Features ✔ Security ✔ LTV Ratio ✔ EMI / NMI Ratio ✔ Branch Address.

SBI LAP can be used for various purpose like funds meeting expenditure on education, marriage, healthcare and more, any personal purpose other than speculative purpose. A personal purpose loan against mortgage of your residential and/or select commercial property.

Details of SBI Loan Against Property

SBI Loan Against Property Interest Rates

Interest Rates 9.40% – 10.45%
Processing Fee 1% of the loan amount plus S.T, maximum of Rs. 50,000/- plus S.T
Loan Amount Up to Rs. 7.5 crores
Lowest EMI 1,038
Loan Tenor 15 Years (*) Condition apply
Age Limit Minimum 18 years and Maximum 70 years
One years MCLR 7.95

Rate of Interest where more than 50% of NMI is coming from Salary Income

Loan Amount Interest Rate
Upto Rs. 1 Crore 1.45% + 1 yr MCLR i.e 8.40%
Above Rs. 1 crore & upto 2 crores 2.10% + 1 yr MCLR i.e 10.05%
Above Rs. 2 crores & upto Rs. 7.50 crores 2.50% + 1 yr MCLR i.e 10.45%

Rate of interest where more than 50% of NMI is coming from Business/Profession or rental Income

Loan Amount Interest Rate
Upto Rs. 1 Crore 2.10% + 1 yr MCLR i.e 10.05%
Above Rs. 1 crore & upto 2 crores 2.60% + 1 yr MCLR i.e 10.55%
Above Rs. 2 crores & upto Rs. 7.50 crores 3.00% + 1 yr MCLR i.e 10.95%

Eligibility For SBI Loan Against Property

  1. An Employee, 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).
  2. Net monthly income should be Rs. 25000/- (or Rs. 3 lacs p.a).
  3. EMI/NMI ratio – up to 60%
  4. LTV Ratio up to 65%
  5. SBI LAP should be liquidated before eldest borrower attain the age of 70 years.

Features of SBI Loan Against Property

  1. No prepayment penalties.
  2. Rental income in select cases also considered for loan eligibility.
  3. Interest rates are levied on a daily reducing balance method.
  4. Personal loan to individual owners of residential home/flat and select commercial properties.
  5. Access this loan from our wide network of branches.
  6. Loan Amount – Minimum: Rs.10 Lacs – Maximum Rs.7.5 crores. subject to location of property.

Security For SBI Loan Against Property

  1. Equitable mortgage of the property.
  2. In cases where the commercial properties are rented out on lease, equitable mortgage on the property will be created and assignment of rental receivable will be obtained. In addition a Tripartite Agreement / Irrevocable power of attorney is also required.

SBI LAP LTV Ratio (Loan to value)

Loan Amount LTV Ratio
Upto Rs. 1 crore 65%
Rs. 1 crores & upto Rs. 7.5 crores 60%

Maximum permissible EMI/NMI (Easy monthly Installment/Net Monthly Income)are as below

Net Annual Income EMI/NMI Ratio
> Rs. 3 lacs<= Rs.5 50%
Rs. 1 crores & upto Rs. 7.5 crores 55%
Rs.10 lacs 60%

SBI Loan Against Property EMI Calculator

Below the pre-calculated emi at various loan amount at 9.40% rate of interest for 5, 10 and 15 years of tenure.

Loan Amount Interest rate Monthly EMI For 5 Years Monthly EMI For 10 Years Monthly EMI For 15 Years
1000000 9.40% 20,953.03 12,855.07 10,381.99
1500000 9.40% 31,429.54 19,327.60 15,572.98
2000000 9.40% 41,906.05 25,770.14 20,763.98
2500000 9.40% 52,382.56 32,212.67 25,954.97
3000000 9.40% 62,859.08 38,655.20 31,145.97
3500000 9.40% 73,335.59 45,097.74 36,336.96
4000000 9.40% 83,812.10 51,540.27 41,527.96
4500000 9.40% 94,288.62 57,982.81 46,718.95
5000000 9.40% 1,04,765.13 64,425.34 51,909.95
5500000 9.40% 1,15,241.64 70,867.87 57,100.94
6000000 9.40% 1,25,718.15 77,310.41 62,291.94
6500000 9.40% 1,36,194.67 83,752.94 67,482.93
7000000 9.40% 1,46,617.18 95,195.48 72,673.93
7500000 9.40% 1,57,147.69 96.638.01 77,864.92

Branch Address For SBI Loan Against Property

  1. Delhi- Dairy Firm, Ghazipur, New Delhi, Delhi 110096.
  2. Faridabad- Neelam Chowk, NIT, Faridabad, Haryana 121001.
  3. Gurgaon- Huda Market, SCO NO 45, Sector 31, Gurugram, Haryana 122001.
  4. Noida- H 4, Sector 11, Gautam Budh Nagar District, Noida, Uttar Pradesh 201301.
  5. Bangalore- 12th Cross, 7th Main Road, 3rd Block, Koramangala, Bengaluru, Karnataka 560034.
  6. Pune- RB Motilal Kennedy Rd, Shivajinagar, Pune, Maharashtra 411005.
  7. Mumbai- Maker Chambers 3, Jamnalal Bajaj Rd, Nariman Point, Mumbai, Maharashtra 400021.
  8. Chennai- No.E-159, 7th Avenue, Annai Velankanni Road, Ashtalaxmi Garden, Besant Nagar, Chennai, Tamil Nadu 600090.
  9. Hyderabad- Bank Street, Sultan Bazaar, Koti, Hyderabad, Telangana 500095.
  10. Warangal- Badrakali Housing Society Colony, Old Beet Bazaar, Warangal, Telangana 506002.
  11. Vijayawada- Kaleswarao Market Street, BRP Road, 1 Town, Kaleswara Rao Market, Tarapet, Vijayawada, Andhra Pradesh 520001.
  12. Vizag- Plot No. HIG-211/4, P.B. No-102, MVP Double Rd, Sector 4, MVP Colony, Visakhapatnam, Andhra Pradesh 530017.
  13. Cochin- Indira Gandhi Rd, Willingdon Island, Kochi, Kerala 682003.
  14. Kolkata- 12, BKB Sarani, Alipore Police Line, Alipore, Kolkata, West Bengal 700027.
  15. Bhubaneswar- J.N.Marg, Kharabela Nagar, Unit-3, Bhubaneswar, Odisha 751001.
  16. Surat- SNS Square, Vesu Main Road, Near Jolly Residency, Vesu, Surat, Gujarat 395007.
  17. Ahmedabad- Vejalpur Rd, Vibhavari Society, Jivraj Park, Ahmedabad, Gujarat 380051.
  18. Jaipur- 56 C, Madhyam Marg, Rajat Path, Mansarovar, Jaipur, Rajasthan 302020.
  19. Chandigarh- Panjab University, Sector 14, Chandigarh, 160014.
  20. Amritsar- SC No 5, District Shopping Center, Amritsar, B – Block, Ranjit Avenue, Amritsar, Punjab 143001.
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SBI Loan Against Property Interest Rates Dec 2018

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