SBI Loan Against Property, Interest Rate and EMI Calculator JJulyune 2017

 

(Updated on 03.07.17) SBI Loan Against Property EMI Calculator July 2017 Get Instant Quick & Easy Approval on SBI Loan Against Property. Loansninsurances.com provide a simple tool to calculate your Loan Against Property EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee ✓ Eligibility ✓ Best Offers & more.

SBI LOAN AGAINST PROPERTY – INSTANT QUOTES ONLINE

Professional Details
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.
All loans are on sole discretion on the respective banks loansninsurances

SBI Loan Against Property

State Bank of India has a wide range of loans under one umbrella of SBI Loan Against Property. SBI Loan Against Property provides loan for any personal purpose such as meeting education expenses, marriage, health care, etc. Loan against property is a secured multi-purpose loan with longer tenure and lesser rate of interest than a personal loan. The exact loan amount depends on factors including your income, repayment capacity and your past credit history. If loan amount is Rs. 25 lacs & above, then purpose of loan will have to be specified along with an undertaking.

SBI Loan Against Property can be availed at Interest rates calculated on a monthly/daily reducing balance method, minimum processing fees, no pre-payment charges and lots more to please you.Konw your loan against property eligibility and get your best loan sanctioned at attractive rates of interest with lower EMIs & with other benefits.

SBI is also known for its widely renowned & tempting SBI Personal Loan & SBI Home Loan.

SBI Loan Against Property Schemes

1) SBI Loan Against Mortgage of Immovable Property (LAP)

  • Loan for personal purposes such as funding son’s or daughter’s education, marriage, healthcare, etc. rather than any speculative purpose.

  • The minimum monthly income should be Rs. 25,000/- or Rs. 3 lakhs per annum.

  • Loans under SBI LAP can not be availed for Business Purposes.

  • Employees, Professionals & self-employed Individuals who are IT assesses and Non -Resident Indians (NRIs) who own residential property in his/her own name or in the name of his/her family members’ name are eligible for this particular loan.

  • Income of spouse/children/ parents/siblings can be included for a higher loan amount eligibility.

  • Minimum Loan amount is Rs. 10 lakhs and maximum loan amount is Rs. 5 crores.

  • For areas comes under the Municipal Corporation of NCR, Mumbai, Pune, Chennai, Ahmedabad, Bangalore and Hyderabad, the maximum loan amount is Rs. 5 crores.

  • For BPR (Business Process Reengineering) centers and Non-BPR centers, the maximum loan amount is Rs. 2 crores and 1 crore respectively.

  • The repayment Period is 15 years.

  • Processing Fees: 1 % of loan amount plus Service Tax, maximum Rs. 50,000/ plus Service Tax.

  • Security: Equitable mortgage of non-encumbered, non-agricultural and SERFAESI compliant residential house/flat in the name of borrowers/guarantors.

  • Loan under this scheme will not be made available on mortgage of an open plot, Commercial/Industrial Property and under construction property.

2) SBI Rent Plus

  • Rent Plus scheme provides loans against rental income of the residential or commercial property owned by individuals.

  • Loan can be availed by owners of meant to be rented or already rented Residential buildings and commercial properties to MNCs / Banks / large & medium size Corporate.

Loan amount

  • Minimum loan amount: Rs 50,000/-

  • Maximum loan amount: In Metros Rs 7.50 Crores
    In Non-Metro Rs 5.00 Crores

Location of Property

  • Properties should be located in Metro/Urban/Semi-Urban/Rural areas.

  • Plan approval and other related permission for the property from appropriate authority also needed.

  • Repayment Period: 10 years.

  • Processing Fees: 2.02% of loan amount. The maximum processing fee is Rs. 1,01,865/-.

  • Nil prepayment facility.

SBI Loan Against Property Eligibility

  • An Employee or a professional, a self-employed individual or an income tax assessee who owns a house in his/her family member’s name or individual engaged in agricultural and allied activities.

  • 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.

  • Maximum age limit: 60 years.

  • Security: As per bank’s extant instructions.
  • Other eligibilities vary according to the schemes.

SBI Loan Against Property Documents Required

  • KYC-PAN, address & ID proof

  • Income proof, bank statement, and one photograph.

  • Statements (latest 3 months bank statement / 6 months bank passbook)

  • Bank Statements(latest 6 months bank statement /passbook)

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

  • Latest ITR , B/S & P&L a/c for the last 2 yrs. certified by a CA.

  • Qualification proof of the highest professional degree

  • Other documents also necessary to submit as per bank’s requirements.

SBI Loan Against Property Prepayments – Nill prepayment Charges for RENT PLUS Scheme

SBI LOAN AGAINST PROPERTY MCLR

Loan Amount MCLR
Overnight 7.75%
1 Month 7.85%
3 Months 7.90%
6 Months 7.95%
1 Year 8.00%
2 Years 8.10%
3 Years 8.15%

SBI Loan Against Property Margin

1) General Loan Against Property

Up to 60% of the market value of your property.

2) SBI Loan Against Mortgage of Immovable Property (LAP)

Loan Amount Margin

Up to Rs. 1 crore

65%

Above Rs. 1 crore& up to Rs. 5 crores

60%

3) SBI Rent Plus

25% percent of the loan amount.

SBI Loan Against Property Interest Rate

1) SBI Loan Against Property General

a) Rates applicable in case 50% of Net Monthly Income is from salary source.

Loan Amount

Interest Rate

Up to Rs. 1 Crore

1.45% + 1 year MCLR

Above Rs. 1 cr & up to Rs. 2 crs.

2.10% + 1 year MCLR

Above Rs. 2 crs. & up to Rs. 7.50% crs.

2.50% + 1 yr MCLR

b) Rates applicable in case 50% of NMI is from business/profession or rental income

Loan Amount

Interest Rates

Up to Rs. 1 Crore

2.10% + 1 year MCLR

Above Rs. 1 cr & up to Rs. 2 crs.

2.60% + 1 year MCLR

Above Rs. 2 crs. & up to Rs. 7.50% crs.

3.00% + 1 year MCLR

2) SBI Loan Against Mortgage of Immovable Property

Loan Amount

Interest Rate

Up to Rs. 1 crore

1.60% above 1 year MCLR

Above Rs. 1 cr & up to Rs. 2 crs.

2.10% above 1 year MCLR

Above Rs. 2 crs to Rs. 5 crs

2.50% above 1 year MCLR

SBI Loan against Property EMI Calculator

  • SBI Bank Loan Against Property EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get an 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

Avail SBI Loan Against Property at the lowest monthly EMI of 15,754 for a loan amount of Rs.15,00,000 and for a loan tenure of 15 years. (Interest calculated at three years MCLR)

Home Loan Amount ( Rs. )

Interest Rate

(% p.a.)

Loan Tenure

( years )

Monthly Installment (EMI)

Total Interest Amount

Total Amt.(Principal

+Interest)

15,00,000

9.60%

1

1,31,595

79,139

15,79,139

15,00,000

9.60%

2

68,941

1,54,579

16,54,579

15,00,000

9.60%

3

48,120

2,32,305

17,32,305

15,00,000

9.60%

4

37,756

3,12,306

18,12,306

15,00,000

9.60%

5

31,576

3,94,569

18,94,564

15,00,000

9.60%

6

27,487

4,79074

19,79,074

15,00,000

9.60%

7

24,593

5,65,800

20,65,800

15,00,000

9.60%

8

22,445

6,54,720

21,54,720

15,00,000

9.60%

9

20,794

7,45,805

22,45,805

15,00,000

9.60%

10

19,492

8,39,022

23,39,022

15,00,000

9.60%

11

18,442

9,34,335

24,34,335

15,00,000

9.60%

12

17,581

10,31,704

25,31,704

15,00,000

9.60%

13

16,866

11,31,089

26,31,089

15,00,000

9.60%

14

16,265

12,32,443

27,32,443.

15,00,000

9.60%

15

15,754

13,35,722

28,35,722

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

1.45% + 1 year MCLR

 

Above Rs. 1 cr & upto Rs. 2 crs

2.10% + 1 year MCLR

 

Above Rs. 2 crs to Rs. 5 crs

2.50% + 1 yr MCLR

 

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 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

 

Product
SBI Loan Against Property, SBI LAP Interest Rate
Reviewed by

on 2016-05-28
Rating
Summary