SBI Loan Against Property Kolkata Interest Rates

SBI Loan Against Property Kolkata Interest Rates

State Bank of India (SBI) is a popular financial institute offering various Kolkata products. Loan against property (LAP) is a particular segment that increased based on economic. SBI LAP interest rate in Kolkata @ 10% p.a. with 15 years tenure.

SBI Loan Against Property Kolkata Recap

Loan AmountUp to 1 crore
Interest Rates10% to 11.30% p.a.
Processing Charge1% plus GST charge
Repayment TermUp to 15 years
Minimum incomeRs. 25,000 per month

Benefits of SBI Loan Against Property

Higher Amount: Get the maximum loan against your property valuation. Increase your loan amount up to 1 crore.

Wide Branches: State Bank of India has multiple branches all over India. You can apply for a mortgage loan from your nearest branch.

Low Interest Rates: Obtain an SBI mortgage loan at 10% interest. The rate is much more competitive when compared with personal loans or business loans.

Minimal Processing Charge: SBI loan against property processing fee is 1% which is minimal compared to other finance.

Flexible Term: Enjoy a long repayment term of up to 15 years. You can extend your loan term as required.

No Hidden Fees: Applying for an SBI mortgage loan is no hidden fee.

Also Read: Mortgage Loan at 12000 Salary

SBI Loan Against Property Kolkata Interest Rates

Interest reset every year depending on the Marginal Cost of Funds based Lending Rate (MCLR). Check out the interest rate below:

For Salaried Person

Loan AmountRate of Interest
Up to 1 crore1.45% plus 1 yr MCLR
From Rs. 1 crore to Rs. 2 crore2.10% plus 1 yr MCLR
From Rs. 2 crore to Rs. 7.50 crore2.50% plus 1 yr MCLR

For Self Employed Person

Loan AmountRate of Interest
Up to 1 crore2.10% plus 1 yr MCLR
From Rs. 1 crore to Rs. 2 crore2.60% plus 1 yr MCLR
From Rs. 2 crore to Rs. 7.50 crore3.00% plus 1 yr MCLR

SBI Loan Against Property Eligibility

  • Borrower residence proof should be in India.
  • Age is between 21 to 70 years.
  • A self-employed or salaried person is eligible.
  • A credit score is 730 or above is eligible for an SBI mortgage loan.

Top Banks Loan Against Property Interest Rates

Lenders Interest Rates  (p.a.)
State Bank of India10.00% – 11.30%
LIC Housing Finance9.70% – 11.55%
IDFC First Bank9.00% – 20.00%
Federal Bank11.15% – 14.80%
Home First 12.80% – 18.50%
HDFC Bank9.50% – 11.00%
Kotak Mahindra Bank9.50% – 10.50%
PNB Housing Finance9.24% – 12.45%
Bank of Baroda10.85% – 16.50%
ICICI Bank10.85% – 12.50%
Tata Capital10.10%
Bajaj Housing Finance9% – 14%

SBI Loan Against Property EMI Calculator

Calculate interest and monthly EMI from 24hrLoan EMI Calculator. This tool provides results with accuracy.

Provide Information for EMI Calculate:

  • Principal Loan Amount
  • Loan Repayment Term
  • Interest Rate of Loan Amount

EMI Calculation of SBI Loan Against Property

Loan AmountTenureInterest RateMonthly EMI
Rs. 2000003 years10.50% p.a.Rs. 6501
Rs. 3000003 years10.60% p.a.Rs. 9765
Rs. 4000004 years10.70% p.a.Rs. 10281
Rs. 5000005 years10.90% p.a.Rs. 10847
Rs. 6000005 years11.00% p.a.Rs. 13046
Rs. 7000006 years11.20% p.a.Rs. 13396

Also Read: Get an Instant Loan Up To 10 Lakh


SBI provides affordable interest rates for LAP(Loan Against Property) in Kolkata. Get flexible repayment terms with no extra fees. However, borrowers must compare other lenders for better interest, fees, and other charges. Also, you can talk with SBI employees for consulting.

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