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  #1  
Old April 15th, 2013, 05:56 PM
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Join Date: Nov 2011
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I want to take loan from SBI can you give me idea what is interest rate of SBI?

Here I am giving you details of SBI Loan against Property

Interest Rate for
Loan Against Property : 13.25-13.50%
Car Loan : 11.5%-12%
Home Loan : 12.25 %
Business Loan : 12.50-13.00%
Personal Loan : 4.25% above SBAR Floating i.e. 16.50% p.a
Education Loan : 11.75% p.a.-13.25% p.a.

Pre Payment Charges
4% for the first 3 years and 2% thereafter
Service Charges
Up to 1% of the Loan Application Fee :
Up to 1% of the loan amount
Booking Fee:
Up to 1% of the loan amount sanctioned
Reprising Fee:
The Reprising fee will be charged at the rate of 2% of the loan outstanding.
Loan Pre-closure Charges:
4% for the first 3 years and 2% thereafter.
Eligibility
Age
Minimum 23 years
maximum 65 years on loan maturity
Address Proof
Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving Licence


SBI Property Loan Rate of Interest
Upto Rs. 1,00,00,000/- 5.25% above Base Rate Floating, currently 13.50% p.a.
Above Rs. 1,00,00,000/- 5.50% above Base Rate Floating, currently 13.75% p.a.

ADDRESS
Opp Collectorate
Savitri Girl's College Rd
Civil Lines, Ajmer, Rajasthan, 305001
0145 262 7290


MAP

Last edited by Aakashd; October 15th, 2019 at 01:18 PM.
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  #2  
Old October 1st, 2019, 10:34 AM
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Default Re: Sbi Loan Against Property Interest Rate

Can you tell me in detail about the interest rate charged for Loan against Property scheme by SBI (State Bank of India) as I want to check it before applying for it?
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  #3  
Old October 1st, 2019, 10:36 AM
Super Moderator
 
Join Date: Jun 2013
Default Re: Sbi Loan Against Property Interest Rate

Loan against Property scheme of SBI (State Bank of India) is a personal purpose loan against mortgage of residential and/or select commercial property for any personal purpose other than speculative purpose.


Loan against Property Interest Rate


Marginal Cost of Funds based Lending Rate (MCLR) w.e.f. 01.11.2016

Where more than 50% of NMI is coming from Salary Income


Loan Amount Interest Rate
Up to Rs. 1 crore 1.45% + 1 yr MCLR

Above Rs. 1 cr & upto Rs. 2 crs 2.10% + 1 yr MCLR

Above Rs. 2 crs. & upto Rs. 7.50 crs 2.50% + 1 yr MCLR


Where more than 50% of NMI is coming from Business/Profession or rental Income:


Loan Amount Interest Rate
Up to Rs. 1 crore 2.10% + 1 yr MCLR

Above Rs. 1 cr & upto Rs. 2 crs 2.60% + 1 yr MCLR

Above Rs. 2 crs. & upto Rs. 7.50 crs 3.00% + 1 yr MCLR


Eligibility

One is eligible if one is:

A. An individual who is;
An Employee or
A Professional, self-employed or an income tax assesses or NRIs (Who has residential property or commercial properties in his own name or in the name of spouse / children/parent/sibling)

B. Minimum net monthly income of Rs. 25000/- (or Rs. 3 lacs per annum)

C. Loan under LAP should be liquidated before eldest borrower attain the age of 70 years.


Loan Amount

Minimum: Rs.10 Lacs

Maximum : Rs.7.5 crores. subject to location of property


Processing Fees

1% of the loan amount plus service tax, maximum of Rs. 50,000/- plus Service Tax
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