Business Loan SBBJ

I want to apply for Business Loan in State Bank of Bikaner and Jaipur SBBJ so can you provide me the details of loan?

[Rajkumar Agarwal]

State Bank of Bikaner and Jaipur SBBJ provide Mortgage Loan for Expansion of Business, shifting to new premises, working capital, purchase of machinery, equipment, modernizing the premises.

SBBJ Mortgage Loan

Who can avail this facility?

A- Retail traders/wholesale traders.
Professional & Self-employed.

Limit of Finance-

Quantum of loan Min.Rs.100000/- Max. 5.00 crores, 75% of realizable value of the property to be mortgaged

The value of property for calculation of eligible amount of loan may be taken as market value/realizable value/DLC, whichever is the lowest

Rate of Interest-

A- For cash credit - 0.75% below SBBJ PLR i.e. 12.00 %.
For term loan - 0.75% below SBBJ PLR i.e. 12.00 %.

Repayment -

EMI 84 -120 months
Repayment to be completed by the time the borrower reaches 70 years

Security -

Equitable mortgage of immovable property.
Third party property can be mortgaged in certain cases.
PDCs for EMI

Processing Fee -
1.15% of loan amount

Customer service: 1800 180 6005