Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Facility and purposePersonal-purpose loan secured by an equitable mortgage of residential or select commercial property; speculative use is excluded
Source 1Eligible collateralEquitable mortgage of an eligible residential home or flat or select commercial property; rented commercial property also requires assignment of rent and additional agreements
Source 2Published loan range₹10 lakh to ₹7.5 crore, with the maximum subject to property location
Source 3Maximum loan-to-value ratio65% for loans up to ₹1 crore; 60% above ₹1 crore and up to ₹7.5 crore
Source 4Published rate basis — reconfirm spreadOne-year MCLR plus 1.45%-2.50% when salary provides over 50% of NMI, or plus 2.10%-3.00% when business, profession or rent provides over 50%; the linked spread table was last updated in 2019
Source 5Published tenureMinimum five years and maximum 15 years, subject to income continuity, property life and repayment before the eldest borrower turns 70
Source 6Minimum income₹25,000 net monthly income or ₹3 lakh annual income
Source 7Processing and prepayment chargesProcessing fee 1% of loan amount, maximum ₹50,000, plus applicable tax; no published prepayment penalty
Source 8P-LAP processing feePersonal Loan Against Property processing fee is 1% of the loan amount, capped at ₹50,000, plus GST.Effective 1 Apr 2026
Source 9Benefits and features
- Personal-purpose borrowing from ₹10 lakh
- Location-dependent ceiling up to ₹7.5 crore
- Tenure up to 15 years
- No published prepayment penalty
- Rental income may be considered in eligible cases
Eligibility
- Applicants include eligible employees, professionals, self-employed tax assessees and NRIs.
- The property may be held by the applicant or specified close family, subject to required co-borrower or security arrangements.
- The oldest borrower must repay before age 70.
- The official spread table linked by SBI is stale and the live rate must be reconfirmed before applying.
- The overlapping older mortgage page is not represented as a second product.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Loan application and KYC
- Income-tax returns or other accepted income evidence
- Property title, approved plan and current valuation documents
- Co-borrower or family-owner documents where applicable
- Rental assignment and tripartite or power-of-attorney documents for eligible leased commercial property