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SBI Loan Against Property for ₹1.5 Crore

EMI: ₹1,87,587/month at 8.7%. Min income: ₹3,60,745/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
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Existing EMIs
₹ 0
0%
New Loan EMI
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Remaining Income
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SBI Loan Against Property for ₹1.5 Crore - Key Details

Interest Rate
8.7% p.a.
Monthly EMI
₹1,87,587
Total Interest
₹75,10,440
Total Payment
₹2,25,10,440
Min Income Required
₹3,60,745/mo
Processing Fee
0.50% of loan amount + GST

A ₹1.5 Crore loan against property from SBI at 8.7% interest for 10 years will cost you ₹1,87,587 per month as EMI. You will pay a total interest of ₹75,10,440 over the loan tenure. The minimum monthly income needed is ₹3,60,745 (assuming no existing EMIs).

Frequently Asked Questions

What is SBI loan against property EMI for ₹1.5 Crore?

SBI Loan Against Property EMI for ₹1.5 Crore at 8.7% for 10 years is ₹1,87,587 per month.

What income do I need for ₹1.5 Crore loan against property from SBI?

You need a minimum monthly income of ₹3,60,745 for a ₹1.5 Crore loan against property from SBI (at 8.7% rate, assuming no existing EMIs).

What is the total interest on ₹1.5 Crore loan against property from SBI?

The total interest payable on ₹1.5 Crore loan against property from SBI at 8.7% for 10 years is ₹75,10,440.

What is SBI's processing fee for ₹1.5 Crore loan against property?

SBI charges a processing fee of 0.50% of loan amount + GST for Loan Against Property.

Can I prepay my SBI loan against property?

SBI Loan Against Property prepayment policy: Nil for floating rate.

₹1.5 Crore Loan Against Property from Other Banks

HDFC BankFrom 9.00 - 11.50%ICICI BankFrom 9.20 - 11.75%Axis BankFrom 9.50 - 14.95%Kotak Mahindra BankFrom 9.10 - 12.50%Bank of BarodaFrom 9.15 - 12.15%PNBFrom 9.00 - 11.50%Canara BankFrom 8.95 - 12.00%Union BankFrom 9.00 - 11.80%Indian BankFrom 9.10 - 11.60%IDBI BankFrom 9.00 - 12.00%

Other SBI Loan Against Property Amounts

₹10 LakhEMI ₹12,506/mo₹20 LakhEMI ₹25,012/mo₹30 LakhEMI ₹37,517/mo₹50 LakhEMI ₹62,529/mo₹75 LakhEMI ₹93,793/mo₹1 CroreEMI ₹1,25,058/mo₹2 CroreEMI ₹2,50,116/mo