Loan Against Property SBI : Like other banks and financial institutions, State Bank of India also provides Loan Against Property to its customers. SBI Mortgage Loan By joining with you can meet your immediate expenses. When we take a loan against mortgage of our house or property, it is called Loan Against Property.
Under this loan, you can get a gold loan up to Rs.7.5 crore. This article will help you to get a property loan from SBI Bank because in this article we are going to cover all the things related to this loan, so you must read this article completely.
SBI Mortgage loan in Hindi
mortgage loan in state bank of india Interest rate 8.80% per annum starts with. You can get this loan even if your CIBIL score is low as SBI Gold Loan comes under the category of secured loan.
You can avail loan against both residential and commercial property from State Bank of India. You can get SBI Loan Against Property to meet any kind of your financial needs.
The loan tenure for SBI Loan Against Property is up to 15 years. State Bank Of India Loan Against Property You can apply for both online and offline. Loan against rental income is also offered in some cases.
You can calculate your loan EMI with the help of SBI mortgage loan calculator and find out the amount of installments you will have to pay at the time of loan repayment.
HIGHLIGHTS:
| loan name | SBI Loan Against Property |
| name of lender | State Bank of India |
| loan amount | Minimum Rs 10 lakh Maximum Rs.7.5 crore |
| loan tenure | 5 to 15 years |
| Rate of interest | Starting at 8.80% p.a. |
| application mode | online / offline |
| processing fee | 1% of the loan amount, up to Rs.50,000 |
| official website | sbi.co.in |
Benefits and Features of SBI Loan Against Property
- You can take advantage of State Bank of India Personal Mortgage Loan for any of your personal expenses like marriage, education, health expenses etc.
- SBI mortgage loan Under this, you can get a minimum loan of Rs 10 lakh and a maximum of Rs 7.5 crore.
- The loan tenure of this loan is from 5 years to 15 years.
- Interest rates on the loan are charged on the daily reducing balance method.
- No Hidden Charges.
- No prepayment charges.
- Processing fee 1% of loan amount plus service tax, subject to a maximum of Rs.50,000 and service tax.
- The maximum age to apply for the loan should be 70 years.
SBI Mortgage loan interest rate 2022
At present, the interest rate of this loan starts from 8.80% per annum. The mortgage loan interest rate may vary depending on the loan amount which is as follows:
If more than 50% of the Net Monthly Income (NMI) is coming from salary income:
| loan amount | Rate of interest |
|---|---|
| up to Rs 1 crore | 1.45% + 1 year MCLR |
| 1 crore to 2 crore rupees | 2.10% + 1 year MCLR |
| 2 crores to 7.5 crores | 2.50% + 1 year MCLR |
If more than 50% of the Net Monthly Income (NMI) is coming from salary business/profession or rental:
| loan amount | Rate of interest |
|---|---|
| up to Rs.1 crore | 2.10% + 1 year MCLR |
| 1 crore to 2 crore rupees | 2.60% + 1 year MCLR |
| Rs 2 crore to Rs 7.5 crore | 3.00% + 1 year MCLR |
Loan Against Property Eligibility SBI
- The minimum net monthly income of the applicant should be Rs.25,000 or more.
- The minimum age to apply is 18 years and maximum 70 years.
- Any salaried, self-employed professional/self-employed non-professional individual can apply for the loan.
- You can increase your loan eligibility by adding any member of your family as a co-borrower.
SBI Mortgage loan Documents required
Documents applicable for all logos:
- employer identity card
- Duly filled application form
- 3 passport size photos
- Proof of Identity (Any One): Driving License/PAN/Passport/Voter ID Card
- Residence Proof (Any One): Water Bill / Recent copy of Aadhaar Card / Telephone Bill / Electricity Bill / Piped Gas Bill or Passport / Driving License.
Property papers:
- building permit
- Registered Agreement for Sale (For Maharashtra only) / Letter of Allotment / Stamped Agreement for Sale
- Occupancy Certificate (in case of ready to move property)
- Share Certificate (Only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved plan copy (Xerox blueprint) and builder’s registered development agreement, conveyance deed (for new property)
- Payment receipts or bank account statement showing all payments made to the builder/seller
Account Details:
- Bank account details of last 6 months
- If any previous loan from other banks/lenders, loan account statement of last 1 year
Income Proof for Salaried Applicant/Co-Applicant/Guarantor:
- Salary slip or salary certificate of last 3 months
- Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, accepted by IT department.
Income proof for non-salaried applicant/co-applicant/guarantor:
- business address proof
- IT return of last 3 years
- Balance Sheet and Profit and Loss Account for the last 3 years
- business license details (or equivalent)
- tds certificate
- Certificate of Qualification (for CA/Doctor and other professionals)
How to apply for SBI Loan Against Property?
To take a loan against the registry of the house from the bank, you will have to apply for which information is given here:
SBI Loan Against Property Online apply
- In the option of Loans on the home page of the website Loan Against Property An option will appear, click on it.
- All the mortgage loans will be opened in front of you which the bank makes available.
- To apply for the loan you Apply Now Have to click on the option.
- The loan application form will open in front of you.
- Fill the information sought in it and submit the form.
- After that the bank employees will contact you and the loan process will be continued further.
Apply Offline for SBI Mortgage Loan
- First of all, you have to go to the nearest State Bank of India branch.
- One has to go to the bank branch and contact the bank employee.
- Bank employee will provide you complete information about Loan Against Property.
- Then you have to fill a form.
- After attaching the documents with the form, it has to be deposited in the bank itself.
- In this way your application will be done.
SBI Property Loan Customer Care Number
- Toll Free : 1800 11 2018 / 1800 425 3800
conclusion
In this article we have you SBI Mortgage Loan 2022 Complete information about has been provided. Any person can take a loan against his property and can meet any of his personal needs.
If you are facing any problem in applying for this loan or if you want to get more information about the loan, then you can get information by calling the bank customer care number.
Mostly asked questions:
10 lakhs to Rs 7.5 crores.
1% of the loan amount, subject to a maximum of Rs.50,000.