SBI Loan Against Property

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Eligibility: 
You are eligible if you are:

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.

LTV Ratio
Loan Amount LTV Ratio

Upto Rs. 1crs

65%

Rs. 1 cr & upto Rs. 7.5 crs.

60%

Loan Tenor

Minimum - 5 Years

Maximum - 15 Years (*) Condition apply

EMI / NMI Ratio-

Maximum permissible EMI/NMI will be as below:

Net Annual Income EMI/NMI ratio

> Rs. 3 lacs<= Rs.5

50%

> Rs. 5 lacs <= Rs.10 lacs

55%

> Rs.10 lacs

60%

Maximum Age

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