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SBI Loan Against Property for ₹20 Lakh

EMI: ₹25,012/month at 8.7%. Min income: ₹48,100/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
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
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SBI Loan Against Property for ₹20 Lakh - Key Details

Interest Rate
8.7% p.a.
Monthly EMI
₹25,012
Total Interest
₹10,01,440
Total Payment
₹30,01,440
Min Income Required
₹48,100/mo
Processing Fee
0.50% of loan amount + GST

A ₹20 Lakh loan against property from SBI at 8.7% interest for 10 years will cost you ₹25,012 per month as EMI. You will pay a total interest of ₹10,01,440 over the loan tenure. The minimum monthly income needed is ₹48,100 (assuming no existing EMIs).

Frequently Asked Questions

What is SBI loan against property EMI for ₹20 Lakh?

SBI Loan Against Property EMI for ₹20 Lakh at 8.7% for 10 years is ₹25,012 per month.

What income do I need for ₹20 Lakh loan against property from SBI?

You need a minimum monthly income of ₹48,100 for a ₹20 Lakh loan against property from SBI (at 8.7% rate, assuming no existing EMIs).

What is the total interest on ₹20 Lakh loan against property from SBI?

The total interest payable on ₹20 Lakh loan against property from SBI at 8.7% for 10 years is ₹10,01,440.

What is SBI's processing fee for ₹20 Lakh 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.

₹20 Lakh 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₹30 LakhEMI ₹37,517/mo₹50 LakhEMI ₹62,529/mo₹75 LakhEMI ₹93,793/mo₹1 CroreEMI ₹1,25,058/mo₹1.5 CroreEMI ₹1,87,587/mo₹2 CroreEMI ₹2,50,116/mo