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SBI property loan details:
|Interest rates||9.70% – 11.75%|
|Processing fees||1% of the loan amount plus service tax, maximum of Rs. 50,000/- plus Service Tax|
|Repayment options||Upto 10 years|
|Maximum loan amount||Rs.1 Crore|
|Min. Income||Rs.12000 per month|
Eligibility: You are eligible for State Bank of India Property loan if:
you are an Employee, Professional, Eelf-employed or an income tax assesse or Engaged in agricultural and allied activities.
Minimum net monthly income of Rs. 25000/- (or Rs. 3 lacs per annum)
Processing Fees – 1% of the loan amount plus service tax, maximum of Rs. 50,000/- plus Service Tax
Borrowers can avail upto Rs.25000 minimum loan amount under loan against property scheme.
Maximum loan amount which is Rs.1 crore.
- 2 times the net annual income of others (income as per latest IT return less taxes payable)
- 24 times the net monthly income of salaried persons (Net of all deductions including TDS)