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) |

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Table of Contents
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% |

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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 |

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Eligibility Criteria for SBI LAP
- Resident Indian
- Age: 18-70 years
Check Also:- Loan Against Property Eligibility Criteria

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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