A dream come true! An ALL PURPOSE LOAN for many thing that life throws up at you!! Do you need funds meeting expenditure on education, marriage, healthcare etc. A simple undertaking in the application itself and no documentary evidence for end use of the fund to be insisted upon. Employees, professionals and Self employed individuals who are IT assesses and NRIs who own residential property or commercial property in his/her own name or in the name of spouse/children/parent/sibling

Enjoy the SBI Advantage
  • Complete transparency in operations

  • Personal loan to individual owners of residential home/flat and select commercial properties

  • Access this loan from our wide network of branches

  • Interest rates are levied on a daily reducing balance method

  • Lowest processing charges.

  • Rental income in select cases also considered for loan eligibility.

  • No prepayment penalties. You can have surplus funds at any time thereby conveniently reducing your loan liability and interest burden.

Property Loan Scheme

A personal purpose loan against mortgage of your residential and/or select commercial property.


Any personal purpose other than speculative purpose.

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.

Salient Features
Loan Amount

Minimum: Rs.10 Lacs

Maximum : Rs.7.5 crores. subject to location of property

(*) Condition apply


Click here for interest rates

Processing Fees

1% of the loan amount plus service tax, maximum of Rs. 50,000/- plus Service Tax


i) Equitable mortgage of the property

ii) In cases where the commercial properties are rented out on lease, equitable mortgage on the property will be created and assignment of rental receivable will be obtained. In addition a Tripartite Agreement / Irrevocable power of attorney is also required.


(*) Condition apply


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.