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Cash Key facility 

• The most convenient method of obtaining advance against deposits. 
• Unlimited withdrawals permitted in a Current account upto 90% of the deposit amount and interest accrued.  
• Cheque book facility is available. 
• Interest charged on these loans will be 1% above the interest rate allowed on the deposit  irrespective of the amount, rate of interest and period.

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Gold Loans

Conventional

• Loans against Gold ornaments. 
• Amount of Loan - Maximum 10 lacs
• Period of loan - 6/12 months and can be further renewed 
• Simple easy documentation. 

Liquid gold - SBT Gold overdraft

• Overdraft facility against pledge of Gold ornaments, operated as a running account with facility of cheque book. 
• Amount of Loan - Maximum 10 lacs
• Loans are granted for 6/12 months and can be further renewed.

Gold Loan Premium Scheme

Higher rates per gram on gold will be allowed under this product. 

Processing fee only at 50% of normal rate will be charged during the campaign period.

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Mitra Varsha  Loan against shares & securities

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Housing Loan  

1. All Resident with regular monthly income with a  minimum NMI of Rs. 12,000/- and  Non-Resident Indians with a regular monthly income with a minimum NMI Rs. 15,000/-.
2. Spouses of Non-Residents, who are residents and receiving regular monthly income.
3. Salaried persons, self employed businessmen, professionals and agriculturists, who have regular monthly income and who have a minimum of three years of standing / experience in their line of activity.
4. The age should be such that the borrower is able to close the account before he attains the age of 70.
5. Relaxation in eligibility criteria from the minimum of 3 years to 1-2 years is allowed to employees of government/quasi government departments /establishments and listed companies whose minimum NMI is Rs. 20,000/- or more.

1. 60 times of Net monthly income (NMI)/ Average monthly income (AMI) for individuals upto 45 years of age.
2. 48 times of Net monthly income (NMI)/ Average monthly income (AMI) for individuals over 45 years of age

MARGIN 

• Minimum 20%

INTEREST click here for interest rates

DISBURSEMENT

1. Construction of new building

   In three stage, 30%, 40% and 30% of the loan amount. The last installment will be disbursed three or four weeks prior of the completion of the building

2. Outright purchase 100% to the seller, after payment of the margin by the applicant.
3. Purchase of plot and construction of the building.

REPAYMENT

• UPTO 30 YEARS SUBJECT TO LIQUIDATTION OF THE LOAN BEFORE THE BORROWER REACHES THE AGE OF 70 YEARS.

It includes the repayment holiday of a maximum of 18 months. Repayment will begin on completion of the house or 18 months from the disbursement of the first installment of the loan, whichever is earlier.

• NO PREPAYMENT PENALTY ON PRECLOSURE OF FLOATING RATE HOUSING LOANS W.E.F 31/10/2011

SECURITY

Mortgage of property by deposit of title deeds.

PROCESSING CHARGES

Limit upto Rs.25,000 - Nil

Limit above Rs.25,000 to Rs.2 lacs - 0.55% of the loan amount (Max.Rs.500/-)

Limit above Rs.2 lacs - 0.55% of the loan amount maximum Rs.10000/- 

Processing charge upto 30/06/2013 will be 0.275% (50% concession upto 30/06/2013)

INSURANCE

Insurance is to be arranged for the total cost of building.

PAPERS TO BE SUBMITTED TO BANK

In addition to the application form(in duplicate) and two passport size photographs, the following papers are to be submitted to the Bank.

PROOF OF INCOME

In case of salaried persons:

1. Salary certificate showing deductions.
2. Authorisation to deduct monthly installments from the salary of employee for credit of the loan account wherever available.

1. In the case of self employed / professional / business men.

DOCUMENTS TO BE SUBMITTED FOR CONSTRUCTION / IMPROVEMENT OF HOUSES

1. A copy of the plan inclusive of site plan approved by the Corporation/ Municipality/Development Authority/Panchayat as required.
2. A copy of the building permit issued by the Corporation/ Municipality / Panchayat as required. In areas where building permit is not required a No Objection Certificate from the authority concerned.
3. Estimate approved by licenced Egineers/Architects approved by local bodies.
4. Original and prior title deeds.
5. Latest tax receipts.
6. Possession Certificate
7. Encumbrance certificate from the Sub Registrar for the last 31 years.
8. Title clear certificate from the banks approved advocate.
9. Valuation report from the banks approved valuator.
10. An affidavit cum Undertaking from the person that he shall not violate the sanctioned plan.

1. DOCUMENTS TO BE SUBMITTED FOR PURCHASE OF HOUSES/FLATS

1. A copy of the agreement for sale.
2. A copy of the Title deeds of the present owner.
3. A copy of the land tax receipt.
4. A copy of the building tax receipt.
5. Encumbrance certificate from the Sub Registrar for the last 31 years.
6. Title clear certificate from the banks approved advocate.
7. Valuation report of the property and building from the banks approved valuator.

NOTE:

After the sale deed is executed, the original deed along with fresh encumbrance certificate and possession certificate should be submitted. For purchase of plot alone all the documents as above except the no. iv are to be submitted. After availment of the loan, encumbrance certificate for four months after the date of mortgage is to be produced.

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Home Decor Loan   To furnish houses/flats

Purpose  To purchase new household furniture, Refigerator, Electric fans, Air-conditioners, to put up wardrobes, storage facilities or any other household items.

Eigibility 

1. Individuals availing Housing Loans from the Bank

2. Where a Housing loan was earlier obtained from us and the liability is still subsisting without overdues.

3. When availing Housing Loans for taking over from other Banks/Financial institutions

Amount

25 % of Housing loan or Rs. 5 lacs whichever is less

Repayment maximum 10 years in monthly installments.

Interest rate  click here for interest rates

Processing charges

As applicable to Housing Loans

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Gyan Jyothi  Education Loan    

The scheme provides financial assistance to deserving meritorious students to pursue higher education in India and abroad

PURPOSE

To meet the tuition and other fees\Examination\Library\Laboratory fee, cost of books\purchase of Computers\equipments\instruments\uniforms and the cost of passage for studies abroad. Caution Deposit, Building Fund, Refundable deposit subject to 10% of the Tuition Fee. Any other expenses required to complete the course like study, tours, project work, thesis etc. also be financed.

ELIGIBLE COURSES

Studies in India

• Approved courses leading to graduate/post graduate degree and PG diplomas conducted by
  recognized colleges/universities recognized by UGC/Govt./AICTE/AIBMS/ICMR etc.

• Courses like ICWA,CA,CFA etc.

• Courses conducted by IIMs, IITs, IISc, XLRI, NIFT,NID etc.

• Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, degree/diploma in
  nursing or any other discipline approved by Director General of Civil Aviation/Shipping /
  Indian Nursing Council or any other regulatory body as the case may be, if the course is
  pursued in India.

• Approved courses offered in India by reputed foreign universities.

Studies abroad

• Graduation : For job oriented professional/technical courses offered by reputed universities.

• Post graduation: MCA, MBA, MS, etc.

• Courses conducted by CIMA-London, CPA in USA etc.

• Degree/diploma courses like aeronautical, shipping etc provided these are recognized by
  competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.

ELIGIBILITY

The student should be an Indian National (NRIs not eligible)

i) have secured admission to professional\technical courses through entrance test\ merit based selection process conducted by a Govt Agency / University

ii) have secured admission to foreign university institution.

BORROWER : Student and parent/guardian/spouse/parent-in-law/grand parents  jointly.

In the case of employed students\professionals, loans can be granted in individual names, with suitable guarantee.

For studies in India Rs. 10 lacs

For studies abroad Rs. 20 lacs

MARGIN

Upto Rs. 4 lacs - Nil

Above Rs.4 lacs -  i) Studies in India - 5%

                               ii) Studies abroad -15%

INTEREST click here for interest rates (Interest Rebate :  1 % Interest concession if interest debited during a financial year is remitted within one month of its debit in account)

0.5% concession for Girl Students.

PENAL INTEREST : 2% FOR LOAN ABOVE RS.2 LAKHS

Loans upto Rs.4 lacs : Co-obligation of parent/guardian/spouse/parent-in-law/grand parents as the case may be. No security

Sahaya Varsha

A clean demand loan to meet your short term funds/ financial needs for various purchases/emergent requirements such as marriage, family functions, travel, education, expensive medical treatment, operation etc.

1. Salaried employees having net monthly income exceeding Rs.5,000/- and maintaining salary account with us

MARGIN - NIL

INTEREST click here for interest rates

6 to 60 months in Equated Monthly Installments.

1. Equitable Mortgage of property having value not less than 200% of the loan amount.  OR
2. Third party guarantee of two or more persons of sufficient worth acceptable to the Bank  OR
3.  

   a) Check off facility with one personal guarantee for loan amount upto Rs.1 lac

   b) Check off facility with one or two personal guarantee of sufficient worth for loan amount above Rs.1 lac.

PROCESSING CHARGES

Loans upto Rs.25,000/- = Rs.115/-

Above Rs.25,000/- = Rs.280/-

PAPERS TO BE SUBMITTED TO THE BANK

1. Application form (in duplicate) and two passport size photographs
2. Proof of income

In the case of salaried persons

1. Salary Certificate showing deductions.
2. Authorisation to deduct monthly installments from the salary of the employee for credit of the loan account where check-off facility is available.
3. Standing instruction to transfer monthly instalments from the salary account.

For mortgage of property

1. Original and prior title deeds.
2. Latest tax receipts
3. Possession Certificate
4. Encumbrance certificate for the last 15 years from the Sub-Registrar.
5. Valuation report from the banks approved valuator.

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Suvidha Loan 

Loan against mortgage of immovable property

FOR PERSONAL NEEDS SUCH AS MARRIAGE RELATED EXPENSES, FOREIGN TRAVEL, MEDICAL EXPENSES ETC..  

1. Nature of Loan : Term Loan or Overdraft

2. Purpose : Consumer needs – General Purpose Loan

3. Eligibility : Individuals who are :

1. Should be an existing customer(s) of the bank with a satisfactory track record of  more than one year.
2. employees of Government, Quasi Government, reputed companies/establishments.
3. Professionals, self employed and others who are income tax assesses.
4. Engaged in agricultural and allied activities.
5. Net monthly income of Rs.15,000 for salaried persons or net annual income of Rs.1,80,000 in the case of others.
6. The income of the spouse may be added if he/she is a co-borrower.

4. Age Limit : The age of the borrower should not exceed 60   years at the time of sanction.

5. Amount of Loan : 24 times the net monthly income for salaried persons or 2 times the net annual income in case of others.

Minimum Rs.50,000 -  Maximum 1 Crore

Overdraft facility - Maximum amount Rs 25 lakhs

6. Security : Equitable mortgage of non encumbered Residential /Commercial property in the name and possession of the borrower/spouse/close relatives (provided the property holders become guarantors for the relative loan)

7. Margin : 40 % of the market value of the property.

8. Repayment : Equated monthly installments within a maximum period of 120 months with a check off facility in the case of salaried persons/84 months where check off facility is not available.

9. Interest    click here for interest rates

10. Processing Fee : 2% of the loan amount. Max Rs. 50,000/- plus service tax@12.36%

11. Insurance : The property being mortgaged should be insured against the risk of fire/riots/ earthquakes/lightning/floods etc. in the joint names of the borrower and the Bank for the full market value of the property.

12. Papers to be submitted :

1. Application form
2. 2 passport size photographs
3. Copy of the income tax return for last 2 financial years duly acknowledged by ITO.
4. Latest salary slip showing all deductions.
5. TDS Certificate – Form 16 in the case of salaried persons
6. If property offered is an agricultural land converted as non-agricultural, copy of the relative order should be made available.
7. In the case of agriculturist a certificate of income issued by the village officer should be produced.
8. In the case of individuals engaged in trade/industry etc. wherever latest IT returns are not available, the annual income can be assessment based on the IT return for the preceding year and the last balance sheet

12. Documents to be submitted

1. Title deeds of the property proposed to be given as security.
2. Prior title deeds.
3. Latest tax receipts (both building and land)
4. Possession Certificate
5. Encumbrance certificate from the sub registrar for the last 31 years.
6. After availment of the loan, encumbrance certificate for 4 months after the date of mortgage is to be produced.

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Prasanthi

A clean Demand Loan Scheme specially designed for Pensioners

1. Pensioners

   All Central Civil, Defense, Railway, Telecom, KSRTC (Kerala State Road Transport Corporation), KSEB, KWA,Kerala Agricultural University, State and Bank Pensioners
   whose pension accounts are maintained at our branches. Pension accounts include
   those accounts to which Bank acts as the Pension Disbursing Officer and those
   accounts to which pension amounts are received from DPDO.

2. Age limit  

   Should not exceed 75 years at the time of sanction of loan.

3. Eligibility and Amount of Loan

   Age of pensioner upto 60 years - A maximum of 15 months pension with a ceiling of Rs.1,50,000.

   Age of pensioner over 60 years upto 65 years - A maximum of 12 months pension with a ceiling of Rs.1,25,000.

   Age of pensioner over 65 years upto 75 years - A maximum of 10 months pension with a ceiling of Rs.1,00,000.

4. Guarantee

   The spouse/nominee for family pension eligible for family pension should guarantee the loan or any other family member or a third party worth the loan amount.

5. Margin          Nil
6. Interest       click here for interest rates 
7. Repayment   Age upto 60 years  -  54 equal monthly installments
   
                      Age above 60 years and upto 65 years - 48 equal monthly installments
                  
                      Age above 65 years and upto 70 years - 36 equal monthly installments
   
8. Security        The nominee to the pension should be a guarantor.
9. Processing charges   0.5% of the limit, Minimum Rs.20/-
10. Papers to be submitted to the Bank

    Application form and two passport size photographs.

11. Documents to be executed

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Car Loan 

Persons Eligible

• Salaried and other regular income earners with a minimum of 2 years standing/ experience in their line of activity
• Spouse of NRIs, based on the monthly income of the NRI.
• Minimum Net Annual Income Rs. 2,50,000/-

Amount of Loan

Eligible Amount Maximum

New Cars/Jeeps 48 times net monthly income 

Second hand cars 30 times net monthly income

(vehicles upto 2 years old) Rs.4 lakhs

(vehicles 2 to 5 years old) Rs. 3 lakhs

* Margin Take over of Car loans (from other banks) can be considered.

**Reimbursement of expenses incurred for purchase of new cars by way of  Hypothecation is also considered subject to conditions.

Margin

Up to Rs.20 lakhs - 15% of the road cost of the new car to be purchased (invoice cost+life tax+Insurance)

Above Rs.20 lakhs - not less than 25%

25% for second hand cars upto 2 years old

40% for second hand cars above 2 years upto 5 years old

Repayment

New Cars 84 equated monthly installments

Second hand cars 60 equated monthly installments

Security

Primary : Hypothecation of the vehicle purchased out of bank finance.

Collateral (for loans above Rs. 50000/-) :

• Personal guarantee of one or two persons of sufficient worth.

Processing Charges  0.50% of the loan amount subject to a minimum of Rs.500/- and maximum Rs.10000/-

Insurance Comprehensive Insurance is compulsory for all loans for purchase of vehicle.

• Application form (in duplicate)
• Passport size photos (2 nos)
• Proof of income
• A proforma invoice of the vehicle proposed to be purchased. Documents required for used cars, please contact nearest branch
• Details of guarantors

    a. In the case of salaried persons :

1. Salary Certificate showing deductions
2. Authorisation to deduct monthly installments from the salary of the employee for credit of the loan account where check-off facility is available.

    b. In the case of self employed/professional/businessmen :

• Statement of computation of taxable income

.. Two Wheeler Loan 

Persons Eligible

• Salaried employees/pensioners, who are maintaining salary/pension accounts with us where recovery of instalment at source is possible

Amount of Loan

Maximum Rs. 50,000 paid directly to the seller

Repayment

72 equated monthly installments

Security

• Hypothecation of the vehicle purchased out of bank finance.

• Personal guarantee of one person of sufficient worth

For more information please contact our branch in your neighborhood.

or email to   cmpsb@sbt.co.in