SBI Loan Against Property EMI Calculator

Last Updated 31st Mar 2020

SBI Mortgage Loan EMI

27th March 2020 – RBI cuts Repo Rate by 75 bps to 4.4%

Notice: MyLoanCare team is fully functional. You can apply for Loan Against Property, check eligibility and submit documents online.

Get monthly EMI as low as Rs. 1,008 per lakh on SBI loan against property. Mortgage loan EMI in SBI depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Loan Amount5 year loan7 year loan15 year loan
₹ 25 Lakh₹ 51,775₹ 40,096₹ 25,208
₹ 50 Lakh₹ 1,03,549₹ 80,192₹ 50,416
₹ 75 Lakh₹ 1,55,324₹ 1,20,288₹ 75,624
₹ 1 Cr₹ 2,07,099₹ 1,60,384₹ 1,00,833
Loan Against Property EMI Calculator
Rs.
Lowest Interest Rate
Best Offers on Loan Against Property offerOffers
Bank/NBFCs Rate* EMI Per Lakh* Action
SBI8.90%₹ 1,008Check Eligibility
Citibank8.70%₹ 996Check Eligibility
HDFC9.40%₹ 1,038Check Eligibility

* Starting From

Loan Against Property EMI Calculator SBI

Use the above quick and easy tool to easily calculate and compare monthly EMI on SBI Loan Against Property.

How to process for Loan Against Property EMI moratorium in SBI?

SBI has announced that the three months loan moratorium is available for the term loans and interest of working capital loans for March to May 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing SBI. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact SBI customer care or its nearest branch.

FAQs on SBI Mortgage Loan Calculator

Will the SBI Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by SBI subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, SBI will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by SBI, the bank may increase your EMI amount.
Will Loan Against Property EMI change in case of prepayment?
  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that SBI may levy prepayment charges except on floating rate property loans sanctioned to individuals.
How does Loan Against Property EMI calculator, calculate Loan Against Property EMI?
  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • SBI mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.
How much loan can I get against my property from SBI?

You can avail of a maximum loan of Rs. 7.50 Cr, depending on the value of the property. However, the loan amount cannot be more than 65% of property value. SBI assesses the property before approving your mortgage loan application.

Compare Loan Against Property EMI of All Banks


SBI Loan Against Property News - Apr 2020
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More