Professional Documents
Culture Documents
Product Name
Type
Min.
Max.
Margin
EMI/NMI or NAI
Repayment
Miscellaneous Loans
Loan Against TDR/STDR (Max 4, Spl Case 5)
DL/OD No
No
10%
Residual Tenure of FD
25,000/-
5 Crore
25%-TD
10%-STD
3/5Yr-TD/STD
DL
20,000/-*
20 Lac
25%
Upto 30 Months
OD
1 Lac
20 Lac
25%
Upto 36 Months
DL
50%
DL/OD 50,000/-
50%
Upto 30 Months
OD
DL/OD
10 Lac-Physical, 20 Lac-Demat
40%-Public
15%-Staff
40%
DL/OD 10,000/-
50%
Min NMI-5000/NAI-50,000/-
30 EMIs
DL/OD 10,000/-
Short-30%
Long-50%
Min NMI-5000/NAI-50,000/-
DL
20 Lac/24NMI/90%Value
10%
TL/OD
TL
DL/OD
Rent Plus
TL
No
25,000/-
10-15%
.=<50%
5%
Within 3 Years
25%
50,000/-
No
Maximum 60 EMIs
No
5,000/-
60 Installment
20%
Personal Loan
5,000/-
25,000/-
Nil
Pensioner-50%
Family P-33%
No
Nil
.=<40%
Maximum 84 Months
Nil
50%
.<=50%
DL
TL-24,000/-,
Xpress Credit (Min NMI 7,500/-, 1 Yr Service)
TL/OD
No Salary No Loan, Max 2 Loan, Should be 1 Yr Gap
OD-10 Lac
Festival Advance
DL
Employee-Min 2 Yr Service, Self Emp.-3 Years
5,000/-
3 Lac
Nil
Maximum 12 Month
Home Loan
TL
No
10 Crore
Upto 75 Lac-20%
, 75 Lac+ to 1
Crore-25%,
Above 1 Crore25% on loan upto
1 Crore & 50% on
above 1 Crore
20 Lac*
No Ceiling
^For above 1 Crore-0.25% premium
of int.rate & 0.45% for CRE
Cheque Book & INB facility may be provided after disbursement of loan.
No ATM Faciliy
OD
TL/OD 2 Lac
Based on NAI
60,000 to 2 Lac-30%
2 Lac+ to 5 Lac-40%
5 Lac+ to 10 Lac-45%
Above 10 Lac-50%
5 Crore
^Security-Extension of Mortgage (Not
mandatory for loan upto 5 lac)
36XNMI, (Employees)
3XNAI, (Others)
Ceiling of 10 Lac
On Lending by SHG
Purchase/Const.-Max 50,000 per member, Rep/Ren-25,000 per member
No
DL
3 Lac
Green Housing Loan : 0.10% Concession in Int. Rate, if certified by LEED India/TERI BCSD India (Energy
Saving - 20-30%, Water Saving - 30-50%
CRE Home Loan : Third Home Loan will be treated as CRE and is restricted to max 3 =Total 5(3+2), Only TL No OD [Except CRE Maxgain (Int Rate@0.45% above normal)]
Above 5 : Loan will be treated as SME-CRE.
Product Name
Type
Min.
Max.
Margin
EMI/NMI or NAI
Yuva Home Loan [Age 21-45] - 20% Extra Loan (1.20 times of regular Home Loan based on EMI/NMI ratio). Benefit to CSP a/c Min NMI-30,000(expected
rent will not be added)
holders, if not under CSP- Festival Loan (DL) for 3 month NMI repayable within 36 months permitted.
Repayment
Upto 30 Years, First 36
Months-Only Interest, From
37th Month-Normal EMI
Her Ghar Loan : Concession in interest of 5 BPS to women borrower, if she is one of applicant / co-borrower of the loan.
Pre Approved Limit (PAL) : Available at RACPC only. Min Loan Amount- 10 Lac, PLAL(Arrangement Letter) is valid for 4 months.
Car/Vehicle Loan
SBI Car Loan Scheme [Age : 21-65 Years]
TL/OD No
NAI : Salaried-3 Lac, Businessman/Agri-4 Lac
Salaried - 48XNMI
15%* of onroad Upto 5 Lac - 50%
Self Employed/Bussinessman-4XNAI cost of vehicle, 5 Lac+ to 10 Lac - 50%
10% for CSP Above 10 Lac - 60%
Agriculturist - 3XNAI
SBI Combo Loan Scheme : Term Loan only no OD for purchase of Car + Two Wheeler, Both loan should be disbursed within 1 Month, No Takeover/Reimbursement permitted. Other
Stipulations, Min Max etc will be same as Car Loan Scheme.
SBI Car Loan Scheme for Used Cars
Vehicle should not be more than 5 year old
No
30XNMI, 2.5XNAI
Max - 15 Lac
15%
50%
70%, If NAI>10 Lac
1 Lac
30XNMI, 2.5XNAI
Max - 5 Lac
20%
Highest
Car Loan OD : Overdraft with ATM, Checkbook & INB Facility (only after full disbursement), Min Loan : 3 Lac, DP reduces on monthly basis.
NRI Car Loan for New Vehicles [Age: 21-65]
Min NMI-US$1,000/-, NAI-US$12,000/- or eqvlnt
18XNMI or 1.5XNAI
15%
SBI Loyality Car Loan(Colleteralized CL Scheme) : For existing Housing Loan borrower for 1 year with margin of 15%, Loan Amount : 75% MV of property less present outstanding of
HTL or Home Equity, Security : Hypoth. of Vehicle and Extension of EM, Extension of EM not required for loan upto 10 Lac, 100% Financing No Margin, Min NAI - 2 Lac, Repayment - 7
Years, No takeover No Reimbursement.
SBI Nano Youth Car Loan Scheme
Age : 18-28 Years [College Going Students :
18-25 Years, Parent Max - 55 Year]
1 Lac
2.75 Lac
No
Salariat- 6XNMI
Others- 50% of NAI (Half of NAI)
3 Lac
15%
15%
Petrol/Diesel/Gas Operated
15%
(5% Concession for Min NMI-6,250/-, NAI-75,000/new vehicle may be Mopeds and battery Operated
permitted)
Min NMI-5,000/-, NAI-60,000/-
Super Luxury Imported Car* : Above 1 Crore (High Value Car above 20 Lac to 1 Crore), Long delivery time upto 3-6 months/high profile customer, Referred to DGM(B&O), Max Loan - 85%
of ex-showroom price [DGM(B&O) may permit upto 90%], Min Income as per Car Loan Scheme, CIBIL Score-650 for salaried & Private Listed Com. & 700 for Businessmen, Professional
& Self employed (other than Physical/Doctors/CA/CS/Cost Accountants/Architect), Disbursement : Stage 1-Cost of vehicle, Stage 2-Customs Duty [to dealer account through RTGS/NEFT],
Securtiy : Hypothecation of vehicle, no interim security, Registration of vehicle within 30 days of disbursement.
Education Loan [Consideration under Priority Sector Advance for Loan upto 10 Lac only* for both in India & Abroad - Latest Change*]
Credit Guarantee Fund Scheme for Education Loan (CGFSEL)* by MoHRD, GoI to cover the loan upto 7.50 lac.
SBI Student Loan*
Moratorium Per. may be extended for 1 year
[Max-24 Months]
SBI Scholar Loan*
No loan for study at abroad, ATM & INB
Openion Report will not be compiled.
Application to be disposed of within 2 to 3 days
All MMGS-III & above branches
Scholarship/Assistantship to be included in
margin
SBI Skill Loan Scheme* [No age stipulation]
(Replaces SBI Loan Scheme for Vocational Education &
Training) /* No Course Duration Stipulation */
Upto 7.5Lac-Nil
Above 7.5 Lac: Moratorium Period
5%-India, 15% Course Period + 1 Year
Abroad
No
In India - 10 Lac
Abroad - 30 Lac
TL
No
TL
5,000/-
1,50,000/
TL
NIL
Insurance of
Loan is
optional.
Moratorium Period
Course Period + 1 Year
Moratorium Period
Loan upto 50,000- 3 Years
Course upto 1 yr-Course +
50,000/-+ to 1 Lac-5 Years
6Month, Abv 1 yr-Course +
Above 1 Lac- Upto 7 Years
12 Months
SBI Education Plus : Distance Education, Part Time Courses etc., Age : Below 45 Years, Loan : Min- 25,000/- Max -15XNMI or 1 Lac, Margin : 10%
SBI Career Loan [Presently for Airhostess]
Min Borrower Age-18, Co-borrower-Max 60
3 Lac
EM-20%
Liquid-10%
Security
EM or Liquid Security
Padho Pardesh : For minority community students studied abroad, Loan upto 20 lac are eligible where family income is below 6 Lac, Moratorium Period Interest will be bear by
Government, Master, M.Phil, PHD Courses are valid, Loan sanctioned and disbursed after 2013-14 are eligible. [Prime Minister 15 Point Programme]
Student Plus Advantage Card : Product of SBI Card
* Represents latest changes in the product/New Product
FDetails are collected from different source viz Banking Guide, QSS, E-Circular, SBI Corporate Website. Please refer to original circular for any clarification. Not liable for error, if any.
Compiled By : Sidharth Singh, State Bank of India, RBO-IV, Azamgarh | sidharth.singh@sbi.co.in | +91-8127868528