When it comes to Loan Against Property (LAP), SBI stands out with its affordable interest rates, flexible repayment options, and unmatched trust factor. Backed by a nationwide presence and transparent policies, SBI makes financing simple and reliable. A LAP allows you to pledge residential, commercial, or industrial property as collateral to access funds at lower rates, with higher loan amounts and longer tenures. With CreditCares, you get expert guidance to secure the best SBI deal quickly and seamlessly.
State Bank of India Loan Against Property Highlights
| Feature | Details |
|---|---|
| Interest Rate | 9.20% – 10.50% p.a. |
| Tenure | Up to 15 years |
| Processing Charges | 0.50% of the loan amount (Maximum ₹25,000) |
| Total | Maximum 10.50% p.a. • 15 Years • ₹25,000 |
Note: Rates as of 4 August 2025
State Bank of India (SBI) provides Loan Against Property with competitive interest rates, starting from 9.20% and going up to 10.50% per annum. This competitive range makes SBI one of the most trusted lenders in the market. While SBI has not publicly mentioned different rates based on tenure or credit profile, factors like credit score, property value, and applicant’s income stability may influence the final rate offered. With such affordable pricing, SBI ensures borrowers can access funds at lower costs compared to many private lenders.
Compare Loan Against Property Interest Rates – SBI vs Other Banks
| Name of the Lender | Interest Rate (% p.a.) | Action |
|---|---|---|
| State Bank of India (SBI) | 9.20% – 10.50% | Apply Now |
| Bank of Baroda | 10.85% – 18.35% | Apply Now |
| PNB Housing Finance | 9.25% – 15.00% | Apply Now |
| IDFC First Bank | 9.00% – 16.50% | Apply Now |
| HDFC Bank Limited | 9.50% – 11.00% | Apply Now |
| L&T Housing Finance | 9.50% onwards | Apply Now |
| LIC Housing Finance | 9.50% – 11.55% | Apply Now |
| Godrej Housing Finance | 9.75% onwards | Apply Now |
| ICICI Bank | 10.85% – 12.50% | Apply Now |
| Tata Capital | 9.00% onwards | Apply Now |
| Axis Bank | 10.50% – 10.95% | Apply Now |
| Punjab National Bank | 10.15% – 14.00% | Apply Now |
Eligibility Criteria for SBI Loan Against Property
To apply for a Loan Against Property from SBI, applicants must meet certain eligibility conditions. These criteria ensure that borrowers have a stable repayment capacity and genuine ownership of the pledged property.
Key Eligibility Requirements:
| Criteria | Details |
|---|---|
| Applicant Type | Salaried individuals, self-employed professionals, and business owners |
| Age | Minimum: 21 years; Maximum: 70 years (at the time of loan maturity) |
| Employment Stability | Salaried: Minimum 2 years of job stability Self-employed: Minimum 3 years in business/profession |
| Income | Stable and regular income source as per SBI’s internal policy |
| Property Type | Residential, commercial, or industrial property owned by the applicant/co-applicant |
| Credit Score | Good credit history (preferably 700+ for better approval chances) |
| Loan Tenure | Up to 15 years (subject to age and repayment capacity) |
Note: Final eligibility is subject to SBI’s internal assessment, property valuation, and documentation compliance.
Documents Required for SBI Loan Against Property
When applying for a Loan Against Property with SBI, applicants must submit essential documents to verify identity, income, and property ownership. Below is the checklist of commonly required documents:
| Category | Documents Required |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License |
| Address Proof | Aadhaar Card, Passport, Utility Bills (Electricity/Water), Ration Card |
| Income Proof (Salaried) | Latest 3–6 months’ Salary Slips, Form 16, Last 2 years’ ITR, Bank Statements (last 6 months) |
| Income Proof (Self-Employed/Business Owners) | Last 2–3 years’ ITR with computation, Audited financial statements, Business proof (GST/Registration Certificate), Bank Statements (last 6 months) |
| Property Documents | Registered Sale Deed/Title Deed, Property Tax Receipts, Approved Building Plan, Encumbrance Certificate |
| Photographs | Recent Passport-size photographs of applicants/co-applicants |
Note: SBI may request additional documents depending on the applicant’s profile and property type.
Tips for Faster Approval of SBI Loan Against Property
Getting your SBI Loan Against Property approved quickly depends on how well-prepared you are with documents and eligibility. Follow these smart tips to speed up the process:
-
Check Your Eligibility in Advance
Use the SBI Loan Against Property Eligibility Calculator to assess your loan amount beforehand. This reduces chances of rejection. -
Keep All Documents Ready
Organize your KYC, income proof, and property papers in advance. Missing documents often delay approvals. -
Maintain a Good Credit Score
A score above 750 improves approval chances and can help you secure lower interest rates. -
Choose the Right Loan Amount
Don’t over-borrow. SBI generally finances up to 65-70% of the property value. A reasonable loan request makes faster approval more likely. -
Apply Through a Trusted Partner (CreditCares)
Applying directly may feel complex, but when you apply through CreditCares, we ensure:-
Proper document verification
-
Faster coordination with SBI officials
-
Best deal at lowest interest rates
-
💡 Pro-Tip from CreditCares: “A complete and accurate application is the fastest way to get your loan approved. We help you prepare everything, so SBI can process your LAP without delays.
FAQs on SBI Loan Against Property – Common Questions Answered
1. What is the interest rate for SBI Loan Against Property?
SBI offers LAP at 9.20% – 10.50% p.a., making it one of the most affordable options compared to other banks.
2. What is the maximum loan amount I can get against my property?
You can avail up to 65–70% of your property’s market value, depending on your income and repayment capacity.
3. What documents are required to apply for SBI LAP?
Basic KYC documents, income proof (ITR/salary slips/bank statements), and property papers (title deed, tax receipts, NOC if applicable) are mandatory.
4. What is the maximum repayment tenure available?
SBI offers flexible repayment options of up to 15 years, helping borrowers manage EMIs comfortably.
5. How can I apply for SBI Loan Against Property?
You can apply via SBI’s official website or choose a faster and hassle-free process with CreditCares, where we connect you directly with SBI and other top banks to get you the best deal at the lowest rates.
Apply Now with US
Conclusion
State Bank of India stands out as a reliable choice for Loan Against Property with its competitive interest rates, flexible repayment options, and nationwide trust. By partnering with CreditCares, applicants benefit from expert guidance, faster approvals, and customized solutions to maximize loan eligibility.
Make your property work for you—apply for SBI Loan Against Property through CreditCares for the best deal today.
