SBI Loan Against Property

Updated on March 12, 2026

Author: MybankingTips Team

State Bank of India provides Personal Loan Against Property (P-LAP) starting from 10% per annum for tenures of up to 15 years. This loan is specifically intended for personal needs and cannot be used for business purposes.

State Bank of India Loan Against Property Highlights 
Interest Rate 10.00%-11.30% p.a.
Processing Fees Flat Rs 10,000
Tenure Up to 15 years

SBI Loan Against Property (LAP) Interest Rates

Campaign Rates 

CIBIL Score Interest Rates (p.a.)
NTC/No CIBIL/-1 11.10%
101-150 11.20%
151-200 11.10%
550-649 11.30%
650-699 11.20%
700-749 10.10%
750-799 10.00%
>=800 10.00%

Card Rates (Term Loan)

CIBIL Score Interest Rates (p.a.)
NTC/No CIBIL/-1 11.10%
101-150 11.20%
151-200 11.10%
550-649 11.30%
650-699 11.20%
700-749 11.10%
750-799 10.90%
>=800 10.90%

While SBI does not specify different interest rates based on tenure and credit score, other lenders may consider these factors when determining their Loan Against Property interest rates.

Also read: Best Loan Against Property Interest Rate

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender Interest Rate (% p.a.)  
State Bank of India 10.00 - 11.30 Apply Now
Axis Bank 10.50 - 10.95 Apply Now
Bank of Baroda 10.85 - 16.50 Apply Now
ICICI Bank 10.85 - 12.50 Apply Now
Standard Chartered Bank Starts from 9.25% Apply Now
HSBC Bank 9.75 - 14.00 Apply Now
Union Bank of India 10.45% - 13.10% p.a. 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
Indiabulls Finance 9.75% p.a. onwards Apply Now
Tata Capital 10.10 onwards Apply Now
Bajaj Housing Finance 9.75 - 18.00 Apply Now
Punjab National Bank 10.40 - 12.75 Apply Now

Eligibility Criteria for SBI Loan Against Property

To be eligible for a Loan Against Property from SBI, you need to meet the following criteria:

  • You must be a resident Indian.
  • Your age should be between 18 and 70 years.
  • You should have a minimum monthly income of Rs 25,000.
  • You can be an employee, professional, self-employed individual, income tax assessee, or an NRI.

Additionally, SBI may also consider factors such as credit score, employer's profile, etc., when evaluating your eligibility for a Loan Against Property.

Also read: Best Loan Against Property Eligibility

Documents Required for SBI Loan Against Property

The documents required by State Bank of India for availing a Loan Against Property (LAP) include:

  • Employer ID card
  • Residence/address proof
  • Duly filled application form
  • ID proof: Aadhaar card, PAN card, driving license, passport, or voter ID

Account Statement

  • Bank account statements for the past 6 months
  • Loan repayment history for 1 year if you've had any previous loans from other lenders.

Income Proofs

For Salaried:

  • Last 3 months' salary slip/salary certificate
  • Last 2 years' Form 16/ITR (Income Tax Return)

For Non-Salaried:

  • Proof of business ownership
  • Details of business license
  • Last 3 years' ITR (Income Tax Return)
  • TDS (Tax Deducted at Source) certificate
  • Balance sheet/profit and loss account statement for the past 3 years

Property Documents

  • Occupancy certificate
  • Construction permit
  • Registered sale agreement (only for Maharashtra), stamped sale agreement, or allotment letter
  • Share certificate (only for Maharashtra), electricity bill, maintenance bill, or property tax receipt
  • Bank account statements or payment receipts showing payments made to the builder

Also Read : Best Loan Against Property Documents Required

Frequently Asked Questions

Yes, customers can avail up to 90% of the total Loan Against Property amount as an overdraft.

The maximum loan amount available under ICICI Bank's Loan Against Property is Rs. 5 crore. However, the actual loan amount provided to a customer depends on their financial situation and the value of the property being pledged. Also read: Best Loan Against Property EMI Calculator

You can use both residential and commercial properties as security to get a Loan Against Property. However, the property you offer as security must be free from any existing charges or liabilities.

Customers can use ICICI Bank's Loan Against Property for various personal or business needs, such as expanding a business, funding children's higher education, purchasing expensive equipment, and more.

The amount of loan that the bank approves depends on the customer's ability to repay, the type of property, and its market value. The bank typically offers loans of up to 70% of the property's market value, which is assessed by the bank's team of valuers.

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