State Bank of India provides loans against property for amounts of up to Rs. 7.5 crore. Get long tenures with small EMIs and attractive interest rates. Less processing fees and overdraft facilities are provided.Check eligibility now and apply!
For any major requirements such as funds for business plans, higher education or medical treatment etc, getting a loan against property could be a feasible option to manage the situation. Understanding the scenario,
The State Bank of India (SBI), one of the leading banks in India, allows you to pledge your property to meet the goals or requirements.
Obtaining a The State Bank of India (SBI) loan against property is simple as the process is quicker and approvals are done faster. With flexible repayments, this loan is preferable and affordable by all.
Advantages of The State Bank of India (SBI) Loan Against Property
Long tenure with small EMIs
Attractive interest rates
Hassle-free documentation
Quick processing
Loans for both commercial and residential properties.
Eligibility Criteria for The State Bank of India (SBI) Loan Against Property
To apply for a The State Bank of India (SBI) loan against property, you must be either a self-employed professional or a salaried employee working in a reputed private company or government organisations.
The State Bank of India (SBI) Loan Against Property Interest Rate
The interest rate of State Bank of India (SBI) loan against property ranges between 11% and 13%.
Documents Required to get The State Bank of India (SBI) Loan Against Property
The documentation is easy and hassle free. The following documents are required to get The State Bank of India (SBI) loan against property along with the application.
For Salaried Individuals
Application form with photograph
Any one of the following as proof of residence
Aadhar card
Ration card
Telephone bill
Electricity bill
Voter ID card
Any one of the following as proof of identity
Voter ID
Driving Licence
Aadhar card
Employer’s ID
Bank statement of last 6 months where you can show your salary or income details
Salary slip of last 6 months
Photocopies of all documents related to the property that you are going to pledge for the loan
From 16 for the past 2 years
For Self-Employed Individuals
Certified financial statement for the previous 3 years
Any one of the following as proof of residence
Aadhar card
Ration card
Telephone bill
Electricity bill
Voter ID card
Any one of the following as proof of identity
Voter ID
Driving Licence
Aadhar card
Employer’s ID
Bank statement of last 6 months where you can show your salary or income details
Salary slip of last 6 months
Photocopies of all documents related to the property that you are going to pledge for the loan.
How to Apply for The State Bank of India (SBI) Loan Against Property?
Applying for a The State Bank of India (SBI) loan against property is simple. You can either apply online or visit a nearby The State Bank of India (SBI) branch.
Applying Online
You can visit the official website of The State Bank of India (SBI) and select ‘Apply Now’ option under ‘Loan Against Property’ page. It will be directed to another page where you need to fill up the personal and income details.
After completing the application form, you can submit it which will be validated by the lender. A representative from the bank will call you for documentation following which it will be sent for approval.
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