#1
11th April 2016, 12:56 PM
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Sbt Bank Loan
Hello sir my mother wants to take Personal Loan through State Bank of Travancore so provide the Interest Rates of SBT Personal Loan (Normal,Elite,Corporate)?? Give your feedback?
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#2
11th April 2016, 12:58 PM
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Re: Sbt Bank Loan
Here is Interest Rates: SBT Personal Loan (Normal,Elite,Corporate) With full check off facility Demand Loan – 3.25% above Base Rate :13.20 %p.a Overdraft – 3.50% above SBT Base rate :13.45% p.a No check off facility Demand Loan – 3.75% above base rate -13.70 % p.a Overdraft – 4.00% above SBT Base rate :13.95% p.a Amount Of Loan 15 times of the net monthly salary / income, Minimum Rs.10,000/- and Maximum Rs.2,00,000/- MARGIN - NIL REPAYMENT 6 to 60 months in Equated Monthly Installments. SECURITY Primary – Nil Collateral – Equitable Mortgage of property having value minimum 200% of the loan amount. OR Third party guarantee of two or more persons of sufficient worth acceptable to the Bank OR 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 Application form (in duplicate) and two passport size photographs Proof of income In the case of salaried persons Salary Certificate showing deductions. Authorisation to deduct monthly installments from the salary of the employee for credit of the loan account where check-off facility is available. Standing instruction to transfer monthly instalments from the salary account. 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. Valuation report from the banks approved valuator. |