State Bank of India Loan Against Property

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The State Bank of India is one of the largest and fast growing public sector banks. It owns almost 16,000 branches in India. While it offers various services to its customers, the loan against properties is an additional service that helps its customers makes a long-term financial plan. The loans against properties can be used to pledge anything that comes up. You can leverage your property to take care of your personal needs, business needs or for any speculative purpose. The properties allowed as collateral or security can be either residential or commercial.

At, you can access free-to-use State Bank loan against property EMI calculator, check your State bank loan against property eligibility, compare loan against property interest rates in State Bank. You can apply for loan against property online on SBI's official website.

Who is eligible?

  • An employee
  • Self-employed professionals
  • Income tax assesses
  • NRIs – Should have a property, either residential or commercial in their name, spouse, kids, parents or any sibling.

The minimum monthly income of the applicant should be at least Rs 25,000 or Rs 3 lakhs per annum.

The loan should be liquidated if you cross 70 years of age.


One can avail a loan amount ranging from Rs 10 lakhs to Rs 7.5 crores, depending on the location of the property. (Conditions apply)

A processing fee of 1% of the loan value plus service tax up to Rs 50,000 is applicable on the loan.


You must submit an equitable mortgage value for the property.

If the commercial property is rented on a lease, then the equitable mortgage should be created, and the rent receivable is calculated. Also, an irrevocable power of attorney or a tripartite agreement should be given as security.

LTV Ratio

On a loan amount up to Rs 1 crore, the LTV ration at 65% is applicable.

On a loan amount of Rs 1 crore to 7.5 crores, the LTV ration at 60% is applicable

The tenure of the loan lies between 5 years to 15 years.

The maximum permitted EMI or NMI ratio is as follows:

For a net annual income of Rs 3 – 5 lakhs, the EMI/NMI ration will be 50%.

For a net annual income of Rs 5 – 10 lakhs, the EMI/NMI ration will be 55%.

For a net annual income of more than 10 lakhs, the EMI/NMI ration will be 60%.

The applicant is eligible to apply for a loan until the age of 70 years till maturity.

Disclaimer : Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of State Bank of India.