SBI Loan Against Property

State Bank of India Loan Against Property Highlights 2022
Interest Rate	9.30%-9.70% p.a.
Tenure	Up to 15 years
Processing Charges	Up to 1% (maximum Rs 50,000)

SBI Loan Against Property (LAP) Interest Rates

Credit Score	Interest Rate (p.a.)
>=800	9.30%
750-799	9.40%
700-749	9.50%
650-699	9.60%
550-649	9.70%
NTC/NO CIBIL/-1	9.50%

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	9.30-9.70
Bank of Baroda	9.65-15.30
PNB Housing Finance	7.99-11.00
IDFC First Bank	7.40-14.90
HDFC	8.50-11.40
L&T Housing Finance	10.30-10.90
LIC Housing Finance	8.35-11.10
Godrej Housing Finance	9.25-10.99
ICICI Bank	9.75-10.90
Tata Capital	10.10 onwards
Bajaj Housing Finance	8.60-18.00
Axis Bank	8.90-9.10
Kotak Mahindra Bank	9.50-11.70

Eligibility Criteria for SBI LAP

• Resident Indian
• Age: 18-70 years

Check Also:- Loan Against Property Eligibility Criteria

Documents Required for SBI LAP

• Employer ID card
• Duly filled application form
• ID proof: Aadhaar card/PAN card/driving license/passport/voter ID
• Residence/Address proof

Property Documents

• Construction permit
• Registered sale agreement (only for Maharashtra)/Stamped sale agreement/Allotment letter
• Occupancy certificate
• Share certificate (only Maharashtra)/electricity bill/maintenance bill/property tax receipt
• Bank account statements or payment receipt showing the payments made to the builder

Account Statement

• Bank account statement for past 6 months
• Loan repayment history for 1 year if any previous loans from other lenders

Income Proofs

For Salaried:

• Last 3 months’ salary slip/salary certificate
• Last 2 years’ Form 16/ITR

For Non-Salaried:

• Proof of Business proof
• Last 3 years’ ITR
• Details of Business license
• Balance sheet/profit and loss account statement for past 3 years
• TDS certificate