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Personal Banking - ADVANCES |
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Deposits |
Advances |
Safe Deposit Lockers |
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Welcome to SBBJ EDUCATION LOAN:
Education is essence of life.
We understand the significance of education.
Is your ward a meritorious student?
Financial constraints will never come in your way to deprive your ward from
taking higher education, as we are with you.
Just visit any of our nearest branches.
Enjoy the SBBJ Advantage:
Low interest rates, easy repayment options, total transparency.
Key features of the scheme are furnished below:
| Name of the scheme |
SBBJ Education Loan |
| Purpose |
To help meritorious and needy students to obtain higher education in India and abroad |
| Eligibility |
Indian nationals Admission to professional/technical course through selection process/ on merit base. |
| Loan Amount |
Rs. 10.00 lacs for education in India
Rs. 15.00 Lacs for Study in prime institutions
Rs. 20.00 lacs for education abroad
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| Margin |
Upto Rs. 4.00 lacs: NIL
Above Rs. 4.00 lacs 5%
For education abroad: 15%
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| Repayment |
Repayment 60-84 EMI after moratorium
Moratorium: max. Upto 12 months after completion of
course or 6 months after getting employment
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| Security |
Upto Rs. 4.00 lacs: NIL
Above Rs. 4.00 lacs 7.50 lacs Third party guarantee
Above Rs. 7.50 lacs Eq. mortgage of landed property or other tangible security or TPG
For Study in prime institutions
Upto Rs. 4.00 lacs: NIL
Above Rs.4 lacs and upto Rs.15 lacs: Co-obligation of parents together with Collateral in the form of a suitable third party guarantee acceptable to the Bank.
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| Processing Fee |
NIL |
| Other features |
(i) Second education loan can be granted from same branch within respective ceiling for loan amount.
(ii)Loan for two-wheeler is also available.
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| Rate of interest |
As applicable from time to time
For girl student Rate will be 0.50% lower.
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Welcome to SBBJ MORTGAGE LOANS:
An all purpose loan.
Unlock the potential in your property by availing a Loan Against Property.
A loan given against the security of your existing property.
Enjoy the benefit of lower interest rates as interest rates on Mortgage Loans are generally
lower than rates on other consumer loans
Enjoy the SBBJ Advantage:
Low interest rates, easy repayment options, total transparency.
Key features of the scheme are furnished below:
| Name of the scheme |
SBBJ MORTGAGE LOANS |
| Purpose |
General purpose loan |
| Eligibility |
Permanent employees, self employed, professionals, NMI min. Rs.5000/-
Businessmen, agriculturists Annual income Rs.60000/-
Age 60 years (65 in special cases)
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| Loan Amount |
Minimum - Rs.1.00 lacs
Maximum - Rs.100 lacs
Annual Income
EMI/NMI ratio
Upto Rs.2 lacs
Not to exceed 40%
Above Rs.2 lacs to 5 lacs Not to exceed 50%
Above Rs.5 lacs
Not to exceed 55%
OR
75% of the market value/ realizable value/DLC Rate of the
Property whichever is the lowest.
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| Margin |
25 % on DLC/ realisable value of the property (which ever is lower) |
| Repayment |
EMI 84 -120 months
In case of overdraft, regular interest payment is required to be made.
Repayment to be completed by the time the borrower reaches 70 years
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| Security |
Equitable mortgage of immovable property.
Third party property can be mortgaged in certain cases.
PDCs for EMI
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| Processing Fee |
1.15% of loan amount |
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Welcome to Loan for Raj. Govt. Employees:
Key features of the scheme are furnished below:
| Name of the scheme |
Loan for Raj. Govt. Employees |
| Purpose |
Purchase of food grains, expenses for festival and educational fees
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| Eligibility |
All permanent employees (non-gazetted) drawing basic pay not exceeding Rs.16290/- per
month (under suspension will not be eligible)
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| Loan Amount |
1.5 times of basic pay subject to
Max. Rs 8000/-
(Rounded of nearest 100 Rs.)
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| Margin |
Nil |
| Rate of interest |
As applicable from time to time
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| Repayment |
8 EMI |
| Security |
Application cum recommendation letter |
| Processing Fee |
NIL |
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Welcome to SBBJ Realty:
Key features of the scheme are furnished below:
| Name of the scheme |
SBBJ Realty |
| Purpose |
Purchase of a plot of land for purpose of construction of a house
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| Eligibility |
Individual
Age 60 years (65 in spl cases)
Upto 45 yrs: 60 times NMI,
Above 45 yrs 48 times NMI,
EMI/NMI:
Income up to Rs. 2.00 lacs not exceeding-30%
Income above Rs. 2.00 lacs and up to Rs. 5.00 lacs not exceeding 40%
Income above Rs. 5.00 lacs to Rs.10 lac -45% Above Rs.10 lac - 60%
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| Loan Amount |
Maximum Rs.100 lacs |
| Margin |
20% |
| Repayment |
EMI Upto 180 months |
| Security |
Mortgage/ Eq. mortgage of the property proposed to be purchased/constructed/improved
Guarantee of spouse/son/daughter if income is clubbed.
PDCs for EMI
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| Processing Fee |
i) For loans upto Rs. 1 lac: Nil
ii) For loans above Rs. 1 lac and above: 0.25% of the loan amount+ service tax. |
| Other features |
House to be completed with in 2 years of taking possession of land. |
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Welcome to SBBJ Career Loan:
Key features of the scheme are furnished below:
| Name of the scheme |
SBBJ Career Loan |
| Purpose |
For training courses for Pilot / Airhostess / Sport persons
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| Eligibility |
Individuals who undertake a course for training/skill development. Initially this
scheme will be restricted to persons joining Commercial Pilot training courses and
Airhostess Training courses in India and abroad, from institutes recognized by the
Ministry of Civil Aviation/DGCA.
Eligible Course for sportspersons:
Diploma courses recognized by Sports Authority of India viz Diploma in Sports Coaching,
M.Sc. (Sports Coaching), P.G. Diploma Course in Sports Medicine etc will also be
considered under the scheme.
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| Loan Amount |
Maximum of Rs.20.00 lacs |
| Margin |
Land and Building 20%
Govt. Securities /Public Sector Bonds, NSCs, KVPs, Banks Deposits, RBI Relief Bonds etc- 10% on face value, LIC Policy-10 % on surrender Value.
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| Repayment |
36 months in Equated Monthly Instalments commencing from one year after date of completion of
course. No penal charges would be levied in case of early repayment of loan by borrowers.
Accrued interest during the moratorium to be added to the principal.
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| Security |
Equitable Mortgage of non-encumbered residential house/flat, non-agricultural urban
immovable property, commercial or industrial property in the name and possession of the
borrower/co-borrower, i.e. either self-occupied or vacant. Where equitable mortgage is not
feasible and the customer is willing to execute a Registered mortgage deed, it can also be
accepted.
OR
(ii) Security in the form of Govt. Securities/Public Sector Bonds/NSCs/KVPs/ /RBI Relief
Bonds/LIC Policy/ TDRs of the Bank
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| Processing Fee |
0.60% (inclusive of service tax) of the loan amount to be recovered upfront |
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