State Bank of India Loan Against Property

star star star star star 4.0 / 5.04 users

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.

State Bank of India Loan Against Property Review

Loan Against Property
star star star star star 15.0/5
The Loan Against Property in Kolkata from SBI bank has to be the best in deal. Other banks at the time of taking the loan, were offering me lower amount.
Mumbai May 10, 2021
Loan Against Property
star star star star star 15.0/5
SBI bank provided me an instant response in regards to my Loan Against Property application. The processing charges were minimal. It is a trusted service from their team.
Mumbai May 9, 2021
Loan Against Property
star star star star star 13.0/5
This is first experience with SBI bank and the Loan Against Property process was on time. The SBI team followed up as well properly. There were no issues in getting the amount.
Mumbai May 8, 2021
Loan Against Property
star star star star star 15.0/5
I requested for Loan Against Property in Ahmadabad from SBI bank. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Mumbai May 8, 2021

Need Help?

Akshar Blue Chip IT Park, 703, Thane - Belapur Rd, Turbhe, Navi Mumbai, Maharashtra 400705

Subscribe to our newsletter

  • Mobile Apps

Did not find what you were looking for?

Browse through our Knowledge Bank for more articles.

Loanbaba Blog

Check your Loan eligibility!

Apply for a Loan online: