Avail loan against property for fulfilling personal needs such as meeting expenditure on education, marriage, healthcare, etc. other than speculative purpose. It is to be noted that loans under SBI LAP will not be permitted for Business Purposes.
|Income Category||Upto Rs. 1 crore||Above Rs. 1 crore & Upto Rs. 2 crores||Above Rs. 2 crores & Upto Rs. 7.5 crores|
|More than 50% of Net Monthly Income is Salary Income||10.35 % p.a.||10.85 % p.a.||11.30 % p.a.|
|More than 50% of Net Monthly Income is from Business/ Profession/ Rental Income||11.00 % p.a.||11.50 % p.a.||11.80 % p.a.|
*Interest rate will vary as per the risk score of the customer
*Plus applicable taxes
** To be paid at actuals.
List of papers/ documents applicable to all applicants:
Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor: