mortgage loan process SBI MORTGAGE LOAN PROCESS IN HYDERABAD In life we face circumstances where we cannot avoid few expenses. And these include personal expenditure of varied needs like marriage, higher education, medical emergencies, business travel or any unforeseen expenses. Repayment of existing mortgage loan taken at higher interest rate from another bank / FI (Take over). you can avail Loan against property and meet such expenditure. 50% to 60% of the fair market value of the property mortgaged as per the latest valuation report. The valuation report should be from an approved valuer of the Bank and not older than six months at the time of sanction Third party guarantee is not mandatory for resident Indian. In case of NRIs guarantee of a local resident Indian required