As per your concern I would like to tell you that State Bank Of Biknare and Jaipur is now SBI and here I will let you know more about Loan Against Property.

Advantages
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.

Eligibility
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.

Loan Amount
Minimum: Rs.10 Lacs

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

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%


Address:-
State Bank of India
18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211