#1
7th October 2016, 08:57 AM
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SBI Loan Against Property
Will you please give here detail about the Loans Against Property Scheme of State Bank of India (SBI) for its customers ?
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#2
7th October 2016, 09:56 AM
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Re: SBI Loan Against Property
State Bank of India offers loan against mortgage of any of property. SBI Loans Against Property Scheme : Eligibility: An individual as An Employee or A Professional, A person Engaged in agricultural and allied activities. Income Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net Annual Income (others) is in excess of Rs.1,50,000/-. Maximum age limit: 60 years. Loan Amount Minimum: Rs.25,000/- Maximum : Rs.1 crore. Margin: 60% of the market value of property. Processing Fees 2% of the loan amount Max of Rs. 50,000/- Repayment Maximum of 60 equated monthly installments, up to 120 months |
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