State Bank of India (SBI) is the largest Public Sector Bank of India.

SBI Mortgage Loan is a complete protection plan for your future planning and family.

SBI offers an all-purpose loan against mortgage loan which means the loan can be used for any purpose if the amount is below 25 lakhs.

The advantages of SBI Mortgage Loan

Complete transparency in transactions of Loans.
Commitment and guarantee from the oldest financial institute of India.
Easily loan disbursal from the largest branch network.
Lowest interest rates on loan at monthly/ quarterly/yearly basis.
Lowest Processing fee.
Zero percent prepayments on the property loans
Enjoy benefits of banking with the largest finance house of India.

Eligibility

Employees, Professionals & self-employed Individuals who are IT assesses and Non Resident Indians (NRIs) owned residential property in his/her own name or in the name of spouse/children/parents/siblings.

Salient Features
Loan Amount

(i) Minimum Loan Amount: Rs. 10 lacs

(ii) Maximum Loan Amount: Rs. 5 crores, subject to location of the property as mentioned hereunder

(a) At Non-BPR urban centres: 1 crore

(b) Within the Municipal Corporation areas of NCR, Mumbai, Pune, Chennai, Ahmedabad, Bangalore and Hyderabad centres: Rs. 5 crores and

(c) At other BPR centres: Rs. 2 cores

(iii) At Rural & Semi-urban Area i.e. places with population upto 1 lac: NIL

Interest
Loan Amount Interest Rate

UptoRs. 1 crore
1.60% above 1 year MCLR

Above Rs. 1 crore&uptoRs. 2 crores
2.10% above 1 year MCLR

Above Rs. 2 crores&uptoRs. 5 crores
2.50% above 1 year MCLR

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431