SBI Loan Against Property Interest Rate and EMI Calculator JAN 2017 – Calculate EMI Online

 

SBI brings smile to your face again by coming up with it’s unique loan against property which provides you with the facility to take loan for your education, marriage, healthcare, your dream car or any other wish you want to fulfill. Loan against property is a secured loan that can be taken by providing a property you possess. SBI does not ask you to provide any specific reason for the usage of the loan amount being borrowed. Loan against property can be availed by all property owners

SBI LOAN AGAINST PROPERTY – INSTANT QUOTES ONLINE

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Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Loan Against Property but help you to connect with banks to get best deals.
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What is loan against property?

Loan Against Property can be availed by anyone who has a property and has the following features.

  • There is complete transparency in operations.

  • You can access this loan from our wide network of branches.

  • Interest rates are levied on a monthly or daily reducing balance method.

  • It has the lowest processing charges.

  • Maximum loan repayment period is of 180 months.

    SBI LOAN AGAINST PROPERTY SCHEMES

    1. Loan against mortgage of immovable property

SBI Loan against mortgage of immovable property can be availed for personal purpose such as meeting expenditure on education, marriage, healthcare, etc. other than speculative purpose. This is a secured loan that can be taken by anyone who owns property and is in need of money urgently.

    The main features of this loan are:

  • Based on the classification of the city the loan amount is decided like Tier I and II cities have a maximum loan amount of Rs. 2 crore while other cities have a limit of Rs. 1 crore on the loans.

  • The minimum amount that can be borrowed is Rs. 25,000.

  • For certain states the states of India like Orissa, West Bengal, Meghalaya, Mizoram, Arunachal Pradesh, Assam, Tripura, Manipur and Nagaland ,the maximum amount available is Rs. 50 lakhs.

  • The margin for this loan is 40% of the market value of the property.

  • The repayment period for this loan can extend up to 120 months.

  • No prepayment charge has to be paid for this loan.

  • Maximum processing fee is of Rs. 50,933

2. SBI Rent Plus – SBI Rent Plus is meant mainly for those individuals who own residential or commercial property and want to take a loan against said property to be paid back through future income that will be earned from renting the place out to tenants.

The salient features of this loan are

  • The maximum amount that can be borrowed if the property is in a metro city is Rs. 7.5 crores and the maximum loan amount for all other (non-metro) cities is Rs. 5 crores.

  • Under this scheme, the minimum amount that can be borrowed is Rs. 50,000.

  • Compliance of SARFAESI rules has to be followed .

  • 25% of the amount borrowed is the margin that is fixed for this loan.

How is the Loan amount decided?

Factors that determine loan amount are:

  • It ranges from the areas where the property is located

  • The income of the applicant

  • Value of property

SBI General Loan Against Property

The amounts that can be borrowed for a general loan against property are Rs. 25,000 to Rs. 1 crore but the bank will lend an amount up to 60% of the market value of the property.

SBI Loan Against Mortgage of Immovable Property

The amount that can be borrowed for this type of a loan range from Rs. 25,000 to Rs. 2 crore. The maximum amount will vary based on the city where some cities will get a limit of Rs. 1 crore and others Rs. 50 lakhs.

SBI Rent plus – In the case of rent plus loans, the maximum amount that can be borrowed ranges from Rs. 5 crore to Rs. 7.5 crore.

SBI Loan against Property Eligibility criteria

  • Salaried, Self – employed along with those who work in agricultural industries are eligible to apply for the loans against property

  • The applicants age should be maximum of 70 years

  • If the applicant is salaried , the net monthly income needs to be atleast Rs.25,000 or more and the Self- employed individual , the net annual income needs to be more than 3 lakhs for loan against mortgage of immovable properties

  • The net monthly income needs to be at least Rs. 12,000 or more for salaried individuals and for self-employed individuals it needs to be a minimum of Rs. 1.5 lakhs per annum for regular loan against property

SBI Loan against Property DOCUMENTS REQUIRED

  • Applicant should have atleast 1 passport sized photograph

  • You should have valid PAN (Permanent Account Number)

  • ADHAR card /Electricity bill/Telephone/Ration card/Passport etc. as address proof

  • Passport /Voters ID card/Driving Licence/PAN etc. as Identity proof

  • Latest 6 months bank statement or latest Income Tax Returns as income proof

  • Latest salary slip or current dated salary certificate with latest Form 16

SBI Loan Against Property PrepaymentNill Charges for RENT PLUS Scheme.

SBI LOAN AGAINST PROPERTY MCLR

Loan Amount MCLR(Per Annum)
Overnight 8.85%
1 Month 8.95%
3Months 9.00%
6 Months 9.05%
1 Year 9.10%
2 Years 9.20%
3 Years 9.25%

SBI Loan against Property Rate of Interest

1) SBI Loan Against Mortgage of Immovable Property

                             Loan Amount

            Interest Rate (per annum)

Upto Rs. 1 crore

10.75%

Above Rs. 1 cr & upto Rs. 2 crs

11.25%

Above Rs. 2 crs to Rs. 5 crs

11.75%

2) SBI Rent Plus

Loan Amount

Interest rate

Upto Rs. 7.50 crs. in Metro & Rs. 5 crs in non-metro

12.50%

Above Rs. 7.50 crs. In Metro & Rs. 5 crs in non-metro

12.65%

SBI Loan against property EMI Calculator

 

SBI Loan Against Property EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Property Loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

For a loan against the amount of Rs 15,00,000 for 15 years at the interest rate of 11.90% p.a., the EMI comes out as Rs. 17,906 . To know the EMIs for all the years, see the below given table.

Amount (in Rs.)

Interest Rate (p.a)

Loan Tenure (in years)

EMI (in Rs.)

Total Interest Outgo (in Rs.)

Total Amount (Principal + Interest) (in Rs.)

1500000

11.90%

1

1,33,203

98,436

15,98,436

1500000

11.90%

2

70,540

1,92,964

16,92,964

1500000

11.90%

3

49,750

2,90,995

17,90,995

1500000

11.90%

4

39,427

3,92,503

18,92,503

1500000

11.90%

5

33,291

4,97,455

19,97,455

1500000

11.90%

6

29,247

6,05,809

21,05,809

1500000

11.90%

7

26,399

7,17,512

22,17,512

1500000

11.90%

8

24,297

8,32,504

23,32,504

1500000

11.90%

9

22,692

9,50,719

24,50,719

1500000

11.90%

10

21,434

10,72,082

25,72,082

1500000

11.90%

11

20,428

11,96,512

26,96,512

1500000

11.90%

12

19,611

13,23,923

28,23,923

1500000

11.90%

13

18,937

14,54,222

29,54,222

1500000

11.90%

14

18,377

15,87,316

30,87,316

1500000

11.90%

15

17,906

17,23,104

32,23,104

Amortization Table

Year

Principal

Interest

Balance Amount

1

Rs. 38,422

Rs. 176,450

Rs. 1,461,578

2

Rs. 43,253

Rs. 171,619

Rs. 1,418,325

3

Rs. 48,690

Rs. 166,182

Rs. 1,369,635

4

Rs. 54,812

Rs. 160,060

Rs. 1,314,823

5

Rs. 61,700

Rs. 153,172

Rs. 1,253,123

6

Rs. 69,456

Rs. 145,416

Rs. 1,183,667

7

Rs. 78,189

Rs. 136,683

Rs. 1,105,478

8

Rs. 88,018

Rs. 126,854

Rs. 1,017,460

9

Rs. 99,083

Rs. 115,789

Rs. 918,377

10

Rs. 111,539

Rs. 103,333

Rs. 806,838

11

Rs. 125,560

Rs. 89,312

Rs. 681,278

12

Rs. 141,344

Rs. 73,528

Rs. 539,934

13

Rs. 159,112

Rs. 55,760

Rs. 380,822

14

Rs. 179,115

Rs. 35,757

Rs. 201,707

15

Rs. 201,884

Rs. 13,242

Rs. 0

Other products of SBI

SBI LOAN AGAINST PROPERTY BRANCHES IN NEW DELHI, INDIA

Contact Address IFSC Code MICR Code
E-48 Gk 1,New Delh ,Pin – 110001 SBIN0004322 110002406
A5,Ring Road,South Extension Part I, New Delhi 110049 SBIN0013913 110002788
State Bank of india, South Ext Part-II, Delhi 110 049 SBIN0003219 110002117
Benito Juarey Roaddhaula Kuan, New Delhi Delhi , Pin – 110021 SBIN0008778 110002175
State Bank of India, Timarpur, Delhi Pin 110054 SBIN0010438 110002435
State Bank Of India,Seelampur,Delhi ,Pin – 110053 SBIN0004741 110002112
E2,Plot No 28,Sector 7,Rohini,Delhi 110085 SBIN0011357 110002457
Sect 18, Rohini, Property # 35, Pocket H-3, Delhi 110085 SBIN0015841 NA
Community Centre, Saraswati Vihar, New Delhi, Dist Delhi, Pin 110034 SBIN0009083 110002182
Sangam.Vihar,D4.By.83 Ratia Marg, Ground.Floor, New Delhi 110062 SBIN0011554 110002487
E-27,Saket,New Delhi,Pin 110017 SBIN0008442 110002173
AB3, Community Centre,Safdarjung Enclave, New Delhi-110029 SBIN0013182 110002629
Phuta Road, Sadar Bazar, Distt. Delhi , Delhi 110 006 SBIN0000596 110002110
Shahdra Block, P.O.Gokalpuri Village Sabhapur, Delhi Delhi ,Pin – 110094 SBIN0007836 110002170
96-A Kamla Nagar Delhi Dist Delhi, Delhi 110007 SBIN0001420 110002148
Dsidc Rohtak Road,Delhi,Pin 110041 SBIN0004849 110002108
Distt Court Rohini Mear Antriksh Aprtt Sector 14 Rohini Delhi SBIN0010323 110002427
State Bank of India, M-47, Connaught Place, New Delhi – 110001 SBIN0030356 110005008
B2,C.Block,Community.Centre,Naraina.Vihar,New.Delhi,Pin.110028. SBIN0003786 110002206
State Bank of India, 921, Subzi Mandi Delhi, Delhi 110007 SBIN0001280 110002021
648,649 And 657,Church Mission Road,Fatehpuri,Delhi 110006 SBIN0060001 110002490
State Bank of India, D-107, Chittranjan Park, New Delhi-110019 SBIN0015281 NA
Central.Secretariat,North.Block,New.Delhi 110001 SBIN0000625 110002014

 

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SBI Loan Against Property, SBI LAP Interest Rate
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on 2016-05-28
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