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Cash Key facility
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Gold Loans Conventional
Liquid gold - SBT Gold overdraft
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Mitra Varsha Loan against shares & securities
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Housing Loan PURPOSE For construction, purchase / repair / renovation / alteration of a house or for purchase of a plot for the construction of a house. PERSONS ELIGIBLE AMOUNT OF LOAN However the repayment obligation is restricted to Maximum 60% of the NMI/AMI. Maximum amount of the loan is Rs.300 lacs. MARGIN
INTEREST click here for interest rates DISBURSEMENT 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 The loan component for purchase of the plot will be 50% of the total project cost upto Rs.75 lac and 30% of the project cost above Rs.75 lac or 80% of the land value whichever is lower. REPAYMENT
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. SECURITY Mortgage of property by deposit of title deeds. PROCESSING CHARGES
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:
Audited accounts and Balance Sheets/income tax assessment orders/Returns/Memo/Statements of computation of taxable income filed for the last 3 years. DOCUMENTS TO BE SUBMITTED FOR
CONSTRUCTION / IMPROVEMENT OF HOUSES
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
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 15 % of Housing loan or Rs. 1.50 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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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 a. Graduation courses, BA, B.Com, B.Sc, BBA, BCA, BBM. b. Post Graduation Courses, Masters and Ph D. c. Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc. d Other courses leading to diploma, degree conducted by Colleges / Universities approved by UGC / Govt / AICTE / AIBMS / ICMR. e. Courses offered by National Institutes and other reputed private institutions. f. Courses offered in India by reputed foreign universities. g. Computer Certificate courses of reputed institutes accredited by Department of electronics or institutes affiliated to Universities. h ICWA, CA, CFA i. Courses conducted by IIM, IIT, IISC, XLRI, NIFT etc. j. Regular Degree / Diploma courses like Aeronautical, Shipping etc approved by Director general of Civil Aviation / shipping if pursued in India. It also to be recognised by local aviation, Shipping authority ( Pilot Training Course not included). k. Evening courses of approved institutions. l. Vocational Training and Skill development study courses. Distant / Offsite Education Programme not eligible for loan. 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. 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. Those who have not qualified through Entrance Test / Merit based selection procedure should have secured 50 % marks for general and 45% marks for SC / ST Candidates in the qualifying subjects, in the qualifying examination to be eligible for loan BORROWER : Student and parent/guardian/spouse/parent-in-law jointly. In the case of employed students\professionals, loans can be granted in individual names, with suitable guarantee. LOAN Amount: For studies in India Rs. 10 lacs For studies abroad Rs. 20 lacs MARGIN
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) PENAL INTEREST : 2% FOR LOAN ABOVE RS.2 LAKHS REPAYMENT To commence 1 year after completion of course or 6 months after getting job, whichever is earlier. The loan is to be repaid in 5-7 years after commencement of repayment. SECURITY Loans upto Rs.4 lacs : Co-obligation of parent/guardian/spouse/parent-in-law as the case may be. No security Above Rs.4 lacs and upto Rs.7.5 lacs Co-obligation of parent/guardian/spouse/parent-in-law as the case may be along with collateral in the form of a satisfactory third party guarantee required.For loans above Rs7.5 lacs Co-obligation of parent/guardian/spouse/parent-in-law along together with tangible collateral security of suitable value along with assignment of future income of the student for payment of instalments and tangible security of suitable value Security can be in the form of land\building\ Govt. securities\public sector bonds\units of UTI, KVP, LIC Policy, gold, shares\debentures, bank deposit in the name of student\parent\guardian or any other third party with suitable margin. PROCESSING FEE No processing fee for studies in India. For studies Abroad Upto Rs.4 lacs - 0.5% Above Rs.4 lacs - 0.4% (Refundable on availment of 1st instalment) PAPERS TO BE SUBMITTED TO THE BANK Two copies of passport size photographs. Testimonials in original form from the head of the institution where the student studied last and from one or two other respectable persons not related to the student. Proof of admission to the course. Schedule of expenses for the course. Documents required for KYC Compliance (ID and address proof) Copies of foreign exchange permit (if applicable) Copy of salary slip \ statement of income of parent \guardian. FOR MORTGAGE OF PROPERTY Original and prior title deeds. Latest tax receipts. Possession certificate. Encumbrance certificate for the last 15 years from the Sub Registrar. Title clear certificate from the banks approved advocate. Valuation report from the banks approved valuator.
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| .. 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. PERSONS ELIGIBLE AMOUNT OF LOAN 15 times of the net monthly salary / income, Minimum Rs.10,000/- and Maximum Rs.2,00,000/- MARGIN - NIL INTEREST click here for interest rates REPAYMENT SECURITY Primary - Nil Collateral -
PROCESSING CHARGES Loans upto Rs.25,000/- = Rs.100/- Above Rs.25,000/- = Rs.250/- PAPERS TO BE SUBMITTED TO THE BANK
In the case of salaried persons
Pensioners
For mortgage of property
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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 / Overdraft2. Purpose : Consumer needs General Purpose Loan3. Eligibility : Individuals who are :
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 Rs.25,00,000 6. Security : Equitable mortgage of non encumbered residential house/flat, Marketable free access non-agricultural property, commercial or industrial property in the name and possession of the borrower/spouse/close relatives (provided the property holders become guarantors for the relative loan)7. Margin : (1) Upto 10 lakhs - value of property not less than 120% of the loan amount(2) Above 10 lakhs - value of property not less than 150% of the loan amount 8. Repayment : Equated monthly installments within a maximum period of 84 months with a check off facility in the case of salaried persons. 9. Interest click here for interest rates10. Processing Fee : 1% of the limit sanctioned.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 :
12. Documents to be submitted
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Prasanthi A clean Demand Loan Scheme specially designed for Pensioners
All Central Civil, Defense, Railway, Telecom, KSRTC
(Kerala State Road Transport Corporation), KSEB, KWA,Kerala Agricultural University, State
and Bank Pensioners Should not exceed 70 years at the time of sanction of loan. Eligibility and Amount of LoanAge of pensioner upto 60 years - A maximum of 15 months pension with a ceiling of Rs.1,00,000. Age of pensioner over 60 years upto 65 years - A maximum of 12 months pension with a ceiling of Rs.75,000. Age of pensioner over 65 years upto 70 years - A maximum of 10 months pension with a ceiling of Rs.60,000. GuaranteeThe 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. Margin Nil Interest click here for interest rates Repayment Age upto 60 years - 54 equal monthly installmentsAge above 60 years and upto 65 years - 48 equal monthly installments Age above 65 years and upto 70 years - 36 equal monthly installments Application form and two passport size photographs. Documents to be executed
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Computer Loan PURPOSE For purchase of home computers/PCs and other accessories like Printer/UPS etc.PERSONS ELIGIBLE Salaried and other regular income earners with a minimum of 3 years standing/ experience in their line of activity and spouses of NRIs, based on the monthly income of NRI. AMOUNT OF LOAN 15 times of Net Monthly Income (Maximum of Rs.1,00,000)MARGIN 20% of the cost of items purchasedINTEREST click here for interest ratesDISBURSEMENT Amount of the loan will be paid directly to the seller.REPAYMENT PERIOD Maximum 72 monthsSECURITY Primary : Hypothecation of computer and the accessories purchased out of Bank Finance. Collateral : a. For Loans upto Rs.50,000
b. For Loans above Rs.50,000 Equitable mortgage of property of value not less than the loan amount or any other tangible securities of sufficient value or personal guarantee of one or two persons of sufficient worth. INSURANCE Insurance for loans above Rs.25,000PROCESSING CHARGES
PAPERS TO BE SUBMITTED TO BANK
DOCUMENTATION
GENERAL
FOR MORTGAGE OF PROPERTY
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Car Loan For NRIs & Residents Persons Eligible
Amount of Loan
* 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. Margin Repayment Security Primary : Hypothecation of the vehicle purchased out of bank finance. Collateral (for loans above Rs. 50000/-) :
Insurance Comprehensive Insurance is compulsory for all loans for purchase of vehicle. Papers to be submitted to the Bank
a. In the case of salaried persons :
b. In the case of self employed/professional/businessmen :
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| .. Two Wheeler Loan
For NRIs & Residents Persons Eligible
Amount of Loan Repayment Security
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For more information please contact our branch in your neighborhood. or email to cmpsb@sbt.co.in |