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Sbi Loan Against Property
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SBI Bank is one of the most preferred Banking partners by customers. SBI provides various loan products one of them is SBI Loan Against Property facility – it allows you to avail loan against property upon pledging security & get up to 70% of property value to fulfill your personal needs. No matter whether it’s a residential or commercial property. Generally, the SBI interest rate on residential property is lower than commercial property.
SBI LAP products have been categorized into specialization named as Loan Against Mortgage on Immovable Property, State Bank Rent Plus, Loan Against Residential Property, Loan Against Commercial Property, Balance Transfer & Top-up facility.
Loan Against Property Features & benefits
Features
100% transparency in operations
Lowest processing fee on loan
Zero prepayment penalties
Continuous ownership of property
No hidden charges
Benefits
Get loan up to 5 Crores
Flexible tenure up to 15 years
Under this facility personal loan provided ...
... to residential home/flat & selected commercial properties owners
Transfer your existing loan with SBI Bank to lower EMIs
In selected cases rental income also considered for loan eligibility
It allows you to access loan from wide network of branches
Also Read:-Prime Minister Rozgar Yojana
Types of SBI Loan Against Property Loan Against Mortgage on Immovable Property: -
SBI provides loan against mortgage on immovable property facility at competitive rates, loan amount ranging from 10 lakhs to 5 Crore.
This type of loan is obtained for fulfilling personal financial needs such as medical emergency, dream wedding, higher education, vocational travel & similar expenses are covered.
State Bank Rent Plus: -
State Bank rent plus is provided for property owners who are expecting rental income from their property. This type of loan can be availed of fulfilling personal as well as business needs.
State Bank rent plus maximum loan amount depends on the location of property for example if a property is in metro cities you can expect loan amount up to 7.5 Crores if the property is in non-metro cities, then the loan offered up to 5 Crores.
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