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    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% Floating
    0.5% + applicable tax One time fee
    25K - 15L
    5 Years
    Enquire
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria

    State Bank of India (SBI) Rent Plus Loan is Rated as "Excellent!" by 377 Users

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    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.

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    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.

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    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%
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    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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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

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    • SBI Personal Loan
      "Can be better when it comes to process"
      0.5 5.0/5 "Blown Away!"
      SBI is doing good when it comes to personal loan however I am unhappy with their process as it is very lengthy , as I had to visit the branch for anything and everything which is very tedious. Another challange would be, they were in need of guranetor or surety from my company which I felt uncomfortable as I was new to the company.
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      , bangalore
      Reviewed on Aug 18, 2017
    • SBI Personal Loan
      "Looking for better service"
      0.5 1.0/5 "Really Bad"
      SBI response was not good, when I approached them for the personal loan, they didn't give proper response to me. Finally they completed the process in three days. I have submitted lot of documents for loan process after loan got approved, everything became smooth. SBI is good in interest rate and other charges are lower side.
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      , machilipatnam
      Reviewed on Aug 12, 2017
    • SBI Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with State Bank of India and the process to get the loan was easy. The customer services was nice and the documentation was simple. The rate of interest was of 12% with a nominal processing charge. The loan disbursed was also to my satisfaction.
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      , agartala
      Reviewed on Aug 12, 2017
    • SBI Personal Loan
      "Recommendable product"
      0.5 4.0/5 "Great!"
      I am an existing of SBI, I am holding salary account with them. So I have taken personal loan in the year of 2013. I took the amount of Rs. 1lakhs, almost I paid half of the amount. SBI interest rate was also satisfactory, I am fine with their service.
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      , lucknow
      Reviewed on Aug 10, 2017
    • SBI Personal Loan
      "High in charges"
      0.5 3.0/5 "Satisfactory"
      State bank of India is high in charges for the loan process. For the personal loan, the interest rate is very high and apart from the interest rate, there is some annual charges applicable. So I did not avail any kind of loans from SBI till date.
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      , thane
      Reviewed on Aug 05, 2017
    • SBI Personal Loan
      "Delayed Service"
      0.5 2.0/5 "Expected more"
      I availed personal loan from State bank of India quite long time ago. They did not process the loan on time also they had taken too much of time to sanction it. Their services are very delayed and there was no proper assistance from the bank side.
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      , cuddalore
      Reviewed on Aug 02, 2017
    • SBI Personal Loan
      "Fair service"
      0.5 3.0/5 "Satisfactory"
      It is easy to go with SBI for the loan for the government employees. I took personal loan from SBI and the rate of interest is 12%. But the time when I availed the loan, interest rate was around 13.3 % now it had been reduced to 12%. Also it is a floating type of interest. But I am not happy about the process because they were taking too much of time to done with the process.
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      , chandigarh
      Reviewed on Aug 02, 2017
    • SBI Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      First thing SBI Bank is very much secured. Great thing is, SBI is best for the personal loan. I had taken personal loan from them. They disbursed my loan amount within a day after applying. The rate of interest they have offered is 11% and the processing fee they have charged was around 2000 rupees approximately.
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      , jamnagar
      Reviewed on Aug 01, 2017
    • SBI Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I tried applying for a personal loan with State Bank of India. It was a average experience. They had too much of a procedure and it was lengthy too. The documentation was much as well. So I cancelled my application, also I did not take the loan finally from them.
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      , bangalore
      Reviewed on Jul 23, 2017
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from State Bank of India and the process for it was smooth. I did not have much of a documentation process and also I did not get the loan on time. The rate of interest and processing charges were very much normal too. But on the other hand, after loan services were very much hassle free.
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      , bangalore
      Reviewed on Jul 20, 2017
    • SBI Personal Loan
      "Improvement needed in service"
      0.5 5.0/5 "Blown Away!"
      The personal loan process need to be quick and fast with SBI. The customer service and the response need to be focused a lot. They are talking too much of time to disburse the personal loan. They took around 10 to 15 days of time to disburse my loan and they call it as express in disbursing the loan. As I hold a salary account with SBI they have offered me with low interest rate.
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      , chennai
      Reviewed on Jul 19, 2017
    • SBI Personal Loan
      "Be Helpful"
      0.5 3.0/5 "Satisfactory"
      Once I made an inquiry with SBI for the personal loan. Actually I am a long term customer of SBI, I hold salary account with them for 6 years. So I approached the same bank for the loan, but they asked me three questions and they said that they are unable to provide the loan. So I am not happy with SBI.
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      , jamshedpur
      Reviewed on Jul 13, 2017
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from SBI, they took only 5 days for the disbursement. Rate of interest charged was 11.5% and processing fee was niL. My salary account is with SBI so there were no issues with the documentation process and the EMI was around 11k approximately.
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      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Had a great experience of availing a personal loan from SBI couple of years ago. Documentation part was very simple and the processing of the loan was completed in just 4 days. Rate of interest was 11% & processing fees were NIL the loan amount I had taken is 2.50 lakhs at that time I had taken and this was for a tenure of 5 years.
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      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Very poor"
      0.5 1.0/5 "Really Bad"
      I had taken a personal loan from SBI and they were very slow in the process. I did not have a problem with the bank but they have taken 15 to 20 days to disburse my loan amount the rate of interest they have offered me is 14% they have charged any processing fee also and the EMI I payed around 9000 rupees and I have pre closed this loan
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      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Personal loan process was really smooth. I got a loan of 5.7 lakhs and I am happy that State bank of India is supportive when ever I approach them. The interest rate offered was 12.40% and the processing fees was nil . The after loan services are hassle free I have taken this loan for five years and the loan got disbursed with in a span of 4 days of time.
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      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have a earlier experience for a personal loan with State Bank of India. The customer services are good and the process was smooth. The rate of interest and processing charges was normal. I had no hassles with the after loan services too. Overall good.
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      , visakhapatnam
      Reviewed on Jul 11, 2017
    • SBI Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      I had a personal loan experience with State Bank of India last year. They took around 7 days to disburse my personal loan . The required loan amount has been given and I am satisfied with it. The rate of interest is low, when compared with other banks.
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      , bathinda
      Reviewed on Jul 10, 2017
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The service provided by State Bank of India was really good based on the personal loan application being submitted I had taken this loan long back before eight years the rate of interest was minimum and there was processing charges as well
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      , korba
      Reviewed on Jul 10, 2017
    • SBI Personal Loan
      "Satifactory service"
      0.5 3.0/5 "Satisfactory"
      Processing fee is very less with the SBI, when it comes to personal loan, also the rate of interest is 14% very less. Customer service is very good one with them, and the loan mount I applied for 4 to 5 lakhs. I am holding this account got more them 5 years of time.
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      , jaipur
      Reviewed on Jul 09, 2017
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