Multiple banks. Different interest rates. Call it a "conflict of interest".
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    State Bank of India (SBI) Rent Plus Loan

    We found 1 State Bank of India (SBI) Rent Plus Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.90% - 14.90% Fixed
    1% One time fee
    24K - 15L
    5 Years
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria

    State Bank of India (SBI) Rent Plus Loan is Rated as "Excellent!" by 340 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    State Bank of India Rent Plus Loan

    The State Bank of India Rent Plus a loan product from State Bank of India is for those individuals who are expecting cash flows from rental incomes. The loan can be used to fulfill a requirement of personal nature, or get into a new business, get more funds for your current account. The loan will be involve documentation that is extremely simple and also the bank provides you with the loan in a quick turnaround time.

    Where is the purpose of State Bank of India Rent Plus?

    The State Bank of India (SBI) Rent Plus loan can be used to fulfill a requirement of personal nature, or get into a new business, get more funds for your current account. The loan will be involve documentation that is extremely simple and also the bank provides you with the loan in a quick turnaround time.

    What is the eligibility criteria for SBI Rent Plus?

    The State Bank of India Rent Plus loan you will need to own a residential or commercial property in urban or semi-urban areas, metro areas which are rented out or will be ready to be rented out to either MNCs, Banks, Large and medium sized companies.

    What is the maximum amount of loan I can avail?

    The amount of loan can be applied for a maximum Rs. 5 crores for properties at Non-Metro cities, and for Metro cities are Rs. 7.50 crores.

    What is the rate of interest on State Bank of India Rent Plus?

    The interest rate provided by State Bank of India is 9.70% (Base Rate) per annum

    Amount

    Rate of interest

    Up to Rs. 7.5 crore in Metro cities

    And upto Rs. 5 crores in Non-Metro cities

    Base Rate + 3.25% = 12.95%

    In all other cases

    Base Rate + 3.40% = 13.10%

    What are the documents required for State Bank of India Rent Plus?

    Documents required for this product will be:

    • Bank Statement of the last 6 months in which rents have been deposited

    • Property documents

    • Proof of identity and address as well, documents accepted will be voter’s id, passport, aadhar card, driver’s license.

    • Agreement of property copy

    • 3 passport photographs.

    What are the terms for State Bank of India Rent Plus?

    • The tenure of this loan maximum of 10 years

    • A margin of 25% of the loan amount.

    • The processing charges for the loan will 2.02% of the loan amount. The maximum amount shall not cross Rs. 1,01,865/-

    • There will no prepayment charges.

    How do I apply for this loan?

    Application process for this loan is very simple, all you need to do is fill in a loan application form with supporting documents and submit it to the nearest State Bank branch. You can also apply for this loan via the State Bank website by submitting an online application form with a few mandatory details.

    Can I apply for State Bank of India Rent Plus online?

    Online application is available for the State Bank of India (SBI) Rent Plus, all you need to do is login to the State Bank website by submitting an online application form with a few mandatory details.

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  • State Bank of India (SBI) Rent Plus Loan Reviews

    • SBI Personal Loan
      "Happy with the service"
      0.5 5.0/5 "Blown Away!"
      I am happy with State bank of India for the personal loan which I had taken recently. The entire loan process was good and I had no issues with them in getting the loan. Interest rate is quite satisfactory. Their response and customer service is good.
      Was this review helpful? 0
      , dimapur
      Reviewed on May 23, 2017
    • SBI Personal Loan
      "Quick & excellent deal"
      0.5 5.0/5 "Blown Away!"
      State bank of India has offered me a good deal on the rate of interest. I got a rate of around 14% and it is a floating rate. I have taken a personal loan and it was a express loan. I got the loan when I needed it. The processing charges was also normal.
      Was this review helpful? 1
      , dindigul
      Reviewed on May 18, 2017
    • SBI Personal Loan
      "Satifactory but Interest rate has to be reduced"
      0.5 4.0/5 "Great!"
      I am a privilege customer of SBI, they sent me the message stating pre approved loan got approved without documents. Hence I reached SBI for the personal loan within five working days they have disbursed the amount. They have mentioned interest rate would 9.5% but if we calculate its coming around rate 17% per annum, SBI has to reduce the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • SBI Personal Loan
      "Bitter experience"
      0.5 1.0/5 "Really Bad"
      Its been 2 years I had a personal loan with State bank of India. I had very bitter experience with SBI, because they purposely charged extra charges and late fee in my personal loan . The Rate of interest is very high , which is very equalized with private banks. I don't refer SBI at any cost. Overall it is good not choosing SBI for any products.
      Was this review helpful? 0
      , chennai
      Reviewed on May 15, 2017
    • SBI Personal Loan
      "Average service needs to be improved"
      0.5 5.0/5 "Blown Away!"
      Thrice I had taken personal loan from State bank of India. They normally take around 2 weeks of time to disburse my loan. I am happy with loan amount. Sbi need to be more little more flexible in their interest rates with the salaried employees as I got the normal interest rates. The documentation process should be over looked for the one who already has an existing loan with the same bank. Need to be improve with their Data base too.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 03, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having salaried account with State Bank of India. Based on that, my personal loan got approved with state bank of India. They just took 3 days of time to disburse my personal loan. The rate of interest and the processing fee was nominal with State Bank of India.
      Was this review helpful? 2
      , shillong
      Reviewed on Apr 21, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got the personal loan from SBI within 16 months of time. They took around 7 days of time to disburse the loan. Documentation process was completed within couple of days. It would be great if they decrease the rate of interest in future, the processing charged levied was around 2k which is pretty nominal. In a nutshell, it was a very good service provided by SBI.
      Was this review helpful? 0
      , midnapore
      Reviewed on Apr 21, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      This is about my SBI personal loan which I had taken against my credit card. The loan amount is 1.35 lakhs, service taxes were amounting to rs 4400. Rate of interest was 0.99% .EMI is 4400 this is for 3 years. Within 2 months my loan process would get completed . I had applied for this personal loan online and in the next 2 to 3 days of time my loan was sanctioned successfully.
      Was this review helpful? 2
      , chennai
      Reviewed on Apr 19, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      They have processed my personal loan amount with in 2 days of time. The verification part and the paper work is good SBI The interest rate is 13.85% The processing fee and charges was nil for me. They have just charged for stamp duty that is 200 rupees Iam totally fine with the service. Overall good
      Was this review helpful? 5
      , vadodara
      Reviewed on Apr 12, 2017
    • SBI Personal Loan
      "Satisfactory Service"
      0.5 5.0/5 "Blown Away!"
      In 2013 I availed a personal loan from State bank of India. At that time the interest rate was 13.% which is very normal when compared with other banks. Also they had not taken too much of time to disburse the loan amount rather they had completed the loan process within few days. Overall services of SBI is satisfactory.
      Was this review helpful? 5
      , jamshedpur
      Reviewed on Apr 12, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      STATE BANK OF INDIA had offered me a personal loan. They took a very minimumal time to process my loan application. I had taken the loan amount of 5.5 lakhs , it is given for five to seven years not sure EMI is 14k they had charged some processing fee and charges but I don't remember, another 2 to 3 years to go to close this loan.
      Was this review helpful? 3
      , salem
      Reviewed on Apr 04, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan from SBI and they were super fast in the process. They offered me the loan as needed the rate of interest they have offered me is 14% they have not charged any processing fee nor any charges on the loan amount is for 1 lakh EMI is 2200/- verification and document collection was done on time.
      Was this review helpful? 5
      , kolkata
      Reviewed on Mar 29, 2017
    • SBI Personal Loan
      "Its Better"
      0.5 3.0/5 "Satisfactory"
      SBI disbursed my personal loan within two or three days but now -a- days SBI is taking two to three months to disburse the amount. Recently I had taken a top up on my SBI personal loan with the same interest rate which they had provided on the old loan, but I am not completely aware of SBI loan process they should give clear information to the customers.
      Was this review helpful? 1
      , tirupati
      Reviewed on Mar 09, 2017
    • SBI Personal Loan
      "Very good services"
      0.5 3.0/5 "Satisfactory"
      Earlier I had taken a personal loan from State Bank of India and the process for this loan was pretty long. It took a month for the disbursement. They also have too much of paper work. The rate of interest and processing charges was the same as other banks. The can be more swift.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Mar 06, 2017
    • SBI Personal Loan
      "Customer Service has to be Improved"
      0.5 2.0/5 "Expected more"
      I am a bit disappointed with SBI service, They did not give proper response to me for my personal loan application. I had taken a loan amount of Rs. 3 Lakhs with an interest rate of 17% and with the processing fee of Rs.13,000 for the tenure of 3 years. Everything is good with SBI, it would be great if they provide satisfactory service to its customers.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 15, 2017
    • SBI Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had opted to take a personal loan from HDFC Bank, actually I got a call from HDFC Bank regarding the personal loan .However I received a message post which I had placed a request for the same. Later they had approved my loan., Document verification happened, but later I had visited the branch to submit some of the documents which was pending. The rate of interest what they had offered is 11.69% which is much better when compared with other banks. Additionally, they had deducted processing fee along with insurance for an amount of 3000. My EMI will start from the month of March which is approx 11k,
      Was this review helpful? 3
      , pune
      Reviewed on Feb 14, 2017
    • SBI Personal Loan
      "REcommandable for Rural Area"
      0.5 5.0/5 "Blown Away!"
      One year before I have taken personal loan with SBI Bank, the loan amount of rs 3 lacs with the tenure of 5 years. The bankers offered me EMI as 7000. I was directly visited the bank and submitted my documents. They had required simple documents. Interest rate was little bit high, they has taken around 10 days for loan disbursement.
      Was this review helpful? 4
      , eluru
      Reviewed on Feb 06, 2017
    • SBI Personal Loan
      "Very Good"
      0.5 3.0/5 "Satisfactory"
      Iam holding a salaried account in STATE BANK OF INDIA and the facilities are good.. We can transfer the money to any bank there is no charges. No charges for the debit card.Net banking facility is customer friendly and adding all services in one account
      Was this review helpful? 0
      , lucknow
      Reviewed on Feb 04, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have the salaried account and savings account with SBI bank . I submitted document for the personal loan . Every thing went on smooth Customer service and the responsiveness are good with the bank.Rate of Interest is 13% Iam satisfied. Its been 2 years now for my PL.
      Was this review helpful? 1
      , jhunjhunu
      Reviewed on Feb 04, 2017
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The loan processing is very fast and quick with STATE BANK OF INDIA. As I had taken loan before 15 years. Its over All is good with Central bank be it service or processing and everything is absolutely fine with them.It was good before now it is not.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 02, 2017
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