QUICK SUCCESS SERIES is an initiative of ... - · PDF fileForm-16 or/and IT Return such ......

Quick Success Series : P Seg Loan Products

DEC 31, 2017

Updated by Sanjay Kr.Sharma, Manager(Trg)

P SEG LOAN PRODUCTS

QUICK SUCCESS SERIES is an initiative of

SBLC Deoghar to facilitate the preparation

of promotion seeking personnel of our

Bank, appears to have succeeded in its

objective to a large extent as the readers

are still approaching us for its

revision/updation despite availability of

plenty of other study materials.

We would not have been able to sustain

this unique effort of ours, without the

active support and continuous

encouragement of our DGM cum Circle

Development officer Sri Bijayananda

Padhi. We are deeply indebted to him for

his co-operation and guidance.

Sri Kumar Priyank, Chief Manager

(Training) and Sri Sanjay Kumar

Sharma,Manager (Training) Sri J.K.Arun,

Manager (Training) at this SBLC have

owned up this project and have taken

pains to keep it relevant to the users by

updating & improving it at half yearly

interval.

Though every care has been taken while

updating the contents, we request our

readers to point out any lapses at the

earliest. Needless to mention that this

book is not a substitute of circular

instructions issued by the Bank from time

to time. For detailed guidelines please

refer to Bank’s latest circulars. Soft copy of

this edition is available on our

ftp://10.151.51.33 in QSS folder and on SBI

TIMES>PATNA CIRCLE>SBLC Deoghar site.

Team SBLC Deoghar is humbled by the

response and recognition; it is receiving

from readers within and beyond the circle.

Our Team wishes the readers grand

success in their endeavors.

Kumar Umeshwar Singh

Assistant General Manager,

State Bank Learning Centre,

Deoghar- 814112

Phone- 06432-232895

Fax - 06432-231810

E-mail: [email protected]

(UPDATED UP TO 31.DEC , 2017)

Updated By: Sanjay Kumar Sharma Manager Training, SBLC Deoghar Mobile- 9934435855 e-Mail- [email protected]

Quick Success Series


DEC 31, 2017


Home Loan (Note: Based on Master Circular Home Loans as on

08/05/2017 (e-Circ167/2017-18 dtd May08,2017.) and

e-circular published after that date.)

Purpose:

i.Purchase a plot of land for purpose of construction of

house

ii. Purchase /construct a new house/flat

iii. Purchase an existing (old) house / flat or extend an

existing house

iv. Repair or renovate an existing house /flat

v. takeover of Home Loans from other Banks/HFCs/FIs

vi. furnishing/interiors as part of the project cost.

vii. re-imbursement of investment made from own

resources during the preceding twelve months for

purchase of property/construction/repairs/extension of

house (except in case of purchase of vacant plots)

(Home Loan LTV to be used).

Eligibility: Individual(s) over 18 years of age with steady

source of income, including persons engaged in

agriculture & allied activities. In case the property

holder is not having independent source of income, the

Income earning near relative may join as co-borrower/

guarantor for the loan and his or her income can be

taken for arriving at loan eligibility.

Loan Tenor/ Repayment Period: Up to 30 years subject

to liquidation of the Home Loan before the borrower

reaches the age of 70 years.

For Commercial Real Estate (CRE) and Individuals

engaged in business- maximum loan tenor- 25 years.

Maximum Age: Maximum age limit for a Home Loan

borrower, i.e. the age by which the loan should be fully

repaid is fixed at 70 years. Sanctioning authority is,

however, left with discretion to sanction loans to

individuals above the age of 70 years, provided son /

daughter / spouse, who is a legal heir and preferably

below the age of 50 years, with sufficient income for

servicing the loan repayment, joins as co-borrower /

guarantor. Loan repayment in such cases should be

made through a joint deposit account /current account

in the names of all the joint borrowers / guarantors. In

such cases, no of co-borrower may increase more than

three due to inclusion of legal heirs.

No. of Co-Borrowers: maximum 3 including

spouse/children/parents/siblings. AGM Region/ Branch

may relax provided Repayment is made through a Joint

A/C of borrowers.

Eligible Income for arriving at maximum loan amount:

For Salaried Customers: salary income + other incomes

which are either appearing in the Salary Slip or/and

Form-16 or/and IT Return such as variable pay,

performance/production linked incentives, bonus,

overtime allowance, reimbursement of expenditure,

etc. may be included in the salary income on the basis

of the average of the last two years after excluding

taxes and statutory deductions

For Non-Salaried Customers: Net Annual Income

appearing in the latest Income Tax Return (lat 3 yrs ITR

to be obtained) +Depreciation (average of last 3 years or

depreciation for the current year whichever is lower).

Any disproportionate variation, say more than 20%, in

current year income as compared to the previous year

should be examined judiciously and the

Sanctioning authority should satisfy themselves about

the reasons for such major variations. (Ref. e-Circular

NBG/PBU/HL-HOME LOANS/39/2014-15 dt 10.02.2015)

For Agriculturist: NAI will be arrived at, based on the

nature of their activity (e.g. farming, dairy, poultry,

orchards, etc.), land holding, cropping pattern, yield etc.

and average level of income derived there from in the

area

Income of spouse/children/parents/ siblings may be

considered for arriving at maximum loan amount

provided they stand as co-borrower/ Guarantor.

Expected rent accruals: may be reckoned, subject to

maximum amount <= applicant’s Net Monthly

Income(NMI)/Net Annual Income (NAI)

Not to be considered in case of ‘SBI-Realty’ Home Loans

and ‘SBI Yuva’ Home Loan

EMI/NMI Ratio:

NAI (in Lakhs) EMI/NMI Ratio

<=1.20 20%

>1.20 <=3.00 30%

>=3.00, <= 5.00 55%

>=5.00, <= 8.00 60%

>8.00, <= 10.00 65%

>10.00 70%

Discretionary power for relaxation- Nil

Limit enhancement due to SBI Life premium : Margin on

premium = 0, Int Rate= same as Home Loan, EMI/NMI=

Increase due to SBI Life Premium permitted.

Use of LOS- Mandatory

LTV Ratio: (e-cir-1056/2015 – 16 dt 23/11/2015)

Home Loan Amount (LTV) Ratio

Loan up to 30 Lakhs 90%

Loan above 30 up to 75 Lacs 80%

Loan above 75 Lakhs 75%

Discretionary power to for concessions in LTV- NIL

Included- one time cost of additional amenities & other

costs related to the property which are permanent in

nature and add up to the realizable value of the

security/property (viz. Township Corpus Fund, One time

maintenance fund/deposit/corpus, Development

Charges, Electrical fittings, one time Generator Charges,

Club House Membership charges,

Electricity/Water/Sewerage Board one time

charges/deposits, VAT & Service Tax, Premium for

Insurance of mortgage Property etc.) Stamp duty,

Registration Charges and other documentation charges

< Rs 10 LaKhs,

Excluded- Stamp duty, Registration Charges and other

documentation charges > Rs 10 Lakhs.


DEC 31, 2017


In case of construction of individual house, where the

plot is already owned by the borrower: the LTV will be

calculated on the estimated cost of construction,duly

vetted by the empanelled valuer + current market value

of the plot. However, the maximum loan amount will be

restricted to the estimated cost of construction.

In case of Take Over- MPBF as per the LTV ratio

stipulated by the Reserve Bank of India will be

calculated on the basis of-i. Ready to Move- MV as per

latest valuation report.

ii. Under Construction- lower of a. Value mentioned in

agreement to sale plus other permissible expenses and

b. Market value as per the latest valuation report.

Nature of Takeover Maximum permissible LTV

Takeover of only Home

Loan with automatic

waiver of Interim

Security/Third Party

Guarantee (TPG) in eligible

cases

75%

Takeover of Home loan

where takeover of top

up loan is also involved

75%

All other Home Loan

Takeovers

(a) For Loan limit upto

Rs.30 lacs

(b) For Loan limit above

Rs.30 lacs and upto Rs.75

lacs

(c) For Loan limit above

Rs.75 lacs

90%

80%

75%

For Home Loans of Rs. 1 crore and above, two valuation

report and two TIR should be obtained from two

different valuers and advocates.

Maximum Loan Amount:

Lowest of:

a) Permissible EMI/NMI ratio

b) Maximum permissible LTV ratio

c) Loan amount applied for

Adding cost of furnishings/interior to the cost of

house/flat: 10% of the cost of the house/flat or Rs. 25

lacs, whichever is lower. Max loan amount restricted to

stipulated LTV ratio.

Maximum loan for repair & renovation- 10 Lakhs, Such

loans exceeding the above ceiling amount require prior

administrative clearance from the GM of the network.

Inclusion of Cost of Solar Photo Voltaic Lightening

System: The cost of rooftop Solar Photo Voltaic System

may be included in the cost/agreement to sale value for

arriving at the Home Loan eligibility for purchase/

construction/repair and renovation of residential units

in respect of all applicants willing to install such

systems.

Home Loans (i) to builders for acquisition of flat/house

in their own project, (ii) for acquiring residential

property from close relatives- may be considered after

obtaining deviation from DGM (B&O) in cases where

Sanctioning Authority is upto the rank of SMGS-V.

Finance for purchase of multiple units in one project not

allowed.

Interest Rate General- Interest rates of our Home Loans

and other RE products namely (i) SBI Home Topup Loan

(ii) SBI Reverse Mortgage Loan (iii) Loan against

Property (LAP) are linked to 1 year MCLR. The effective

rate of interest in the account will be calculated on

daily balance of the loan amount at monthly rests,

subject to interest rate reset at the end of every year

from the date of first disbursement on the basis of

prevailing 1 year MCLR as on the date of reset.

Special interest rate is available to women borrowers

under Her Ghar Scheme,subject to compliance of the

following eligibility criteria;

(i) Woman should be the sole applicant or one of the co-

applicants for Home Loan,and also

(ii) The woman should be the sole owner or one of the

co-owners of the property proposed to be financed by

the Bank

Switch over option to existing home loan & home top-

up loan borrowers to the current MCLR linked interest

rate: It has also been decided to provide switch-over

facility to the Base Rate linked Home Loans& Home Top-

up Loans to switch-over to the applicable MCLR linked

card interest rate on payment of switch-over fee.

switch-over fee is 0.30%+ GST, minimum of Rs. 2,000/-

plus taxes and maximum of Rs. 25,000/- plus taxes.

Option for existing fixed rate/ floating rate customers

to switch over to current rate: Switchover Facility is

available to all our existing Home Loan borrowers

having regular and standard floating interest rate

accounts linked to Base Rate/SBAR or fixed interest rate

accounts sanctioned prior to 11.07.2011.

(ii) However, the switchover facility is not available to

existing Home Loan customers under MCLR interest

rate, sanctioned on or after 1st April, 2016.

No fixed rate option is available on new Home Loans

sanctioned on or after 1st May 2011.

Penal Interest on Irregular Loans:

i. < 25000/--No penal interest

ii. above Rs.25000/- , if the irregularity exceeds EMI or

Installment amount, for a period of one month, then

penal interest should be recovered @ 2% p.a. (over and

above the applicable interest rate) on the overdue

amount for the period of default. If part installment or

part EMI remains overdue, then penal interest should

not be levied.

Pre-closure penalty:

(i)No pre payment and/or pre closure penalty will be

levied on Home Loans irrespective of the period for

which the account has run or the source of funds.

(ii)Home Loan under Hamara Ghar:- Pre-payment

penalty @ 2% plus Service Tax will be levied on the


DEC 31, 2017


loans foreclosed/prepaid amount during the initial fixed

tenor of 2 years.

Centralized Mailing of Interest Certificate- From May

2012, Interest Certificates are dispatched to customer

centrally at their CBS addresses.

Capital Adequacy Framework:

Individual

Home Loan

Amount

LTV Ratio

(%)

Risk

Weight

(%)

Standard

Asset

Provisioning

(%)

Upto Rs. 30 lacs <= 80 35 0.40

>80 &<=90 50 0.40

Above Rs. 30

lacs and upto

Rs. 75 lacs

<=75 35 0.40

>75 & <=80 50 0.40

Above Rs. 75

lacs

<=75 75 0.40

CRE Home

Loans

<=75 100 1.00

Processing Fee: 0.35% of the loan amount plus

applicable service tax, minimum Rs. 2,000/-plus

applicable service tax and maximum of Rs. 10,000/- plus

applicable service tax.

The Processing Fee on Home Loans is waived in respect

of our Staff members and SBI pensioners.

The Home Loan Processing Fee has been fully waived

(till further instructions) to all Central/ State

Government Employees and Defense Personnel willing

to avail Home Loan under any Home Loan product.

The Processing Fee will now be collected upfront along

with loan application. In the event of rejection of loan

proposal full processing fee will be refunded to the

customer.

Premium for SBI Life excluded for calculation of

processing fee.

Non-Home Charges on Repayment: Non Home Charges

waived for Credit to HL in non home branch. Normal

charges will be recovered in case of outstation cheques

which are to be sent for collection.

CERSAI - The registration charges (on actual basis)

payable to CERSAI will be recovered from Home Loan

borrowers at the time of documentation w.e.f.

01.02.2016. The limit-wise registration charges will be

as under:

Loan Amount Registration Charges (per loan

account)

Upto Rs. 5

lacs

Rs. 50/- plus applicable Service Tax

Above

Rs.5lacs

Rs. 100/- plus applicable Service Tax

Before creation of any mortgage the branches/

operating units have to verify the records of CERSAI to

see that there is no preexisting charge registered with

Central Registry.

Security: Primary: EM/RM of the immovable property.

Collateral: i. In lieu of mortgage of residential unit, loan

may be secured by pledge on liquid securities of

adequate value. ii. Other immovable properties may be

taken as security in lieu of mortgage of house/flat

financed provided realizable value of property (should

not be vacant plot/land)>125% of loan amount.

Pari-passu/ Second Charge: permitted, administrative

approval to be obtained from-upto 30 lakhs-

AGM(Region/branch), over 30 lakhs- GM Network.

Interim Security: Wherever creation of mortgage is

likely to be delayed for any valid reason, suitable

security including third party guarantee, as considered

necessary, may be taken for the interim period. The

Agreement to Mortgage should be executed by the

borrower and the mortgage, as prescribed, must be

created subsequently at the earliest.

Waiver of Interim Security in prescribed cases-

Sanctioning Authority or AGM (Region)/ (Branch)

Penal interest/penalty on delayed mortgage: Penal

interest @2% over and above the agreed interest rate

will be recovered from the customers for the delayed

period on the entire outstanding in cases where valid

mortgage is not created by the borrowers in favour of

the Bank within 60 days of execution of Sale deed or

issue of possession letter by builders/Occupation

certificate, whichever is earlier.

Execution of Documents on the basis of Power of

Attorney: Not permitted for resident Home Loan

borrowers, except borrowers employed in Defense

Services, Para Military Forces and NRIs. The Power of

Attorney would be restricted to close relatives namely

Spouse, Father, Mother, Brother, Sister, children,

Father-in-Law and Mother-in-Law . After execution of

the documents by the duly Constituted Attorney for and

on behalf of “Defence Employee or Para Military

Personnel”, a written confirmation to be obtained from

the concerned “Defence Employee or Para Military

Personnel” by way of a letter confirming execution of

the documents by the Attorney including creation of

security by way of mortgage.

Purchase of house /flats which are more than 15 years

old: Administrative Clearance should be obtained from

the next higher authority except expected longevity of

the structure, as certified by an empanelled structural

engineer / architect (or unexpired lease period, in case

of lease hold properties) is at least 5 years more than

the loan tenor

Validity of Sanction: The sanction of a home loan will

be valid for 3 months from the date of sanction. In case

the loan remains undisbursed during the validity period,

the applicant will be required to seek revalidation of

sanction. However, the interest rate

in the account will be as applicable as on the date of

first disbursement.

In-Principle’ approval: The ‘in-principle’ approval shall

be valid for 30 days from the date of issue, subject to


DEC 31, 2017


that at least partial disbursement of the loan is made

before the expiry of the validity period.

CIBIL & CIR: Upto 10 lakhs- Report from CIBIL

Above Rs 10 Lakhs- Report from two credit bureau i.e.

CIBIL & CRIF High Mark Credit Information Services Pvt

Ltd. Incase no information is available with

primary/second bureaus for Home Loan CIR from the

next bureau which are (i)Experian Credit Information

Company of India (ii) Equifax Credit Information Services

Pvt. Ltd.shall be pulled for risk mitigation.

Multiple Deviations /concessions: In case of multiple

deviations, all deviations to be approved by the highest

authority in the Circle authorized to approve the

required deviation/concession in the proposal.

Option to avail loan at:

(i) either at the place of construction, or

(ii) place of employment/ profession/ business activity,

or

(iii) at a place of residence, or

(iv) at a Branch located at other centre where he/she

has ongoing relationship for last two years, by securing

the loan repayment through check-off facility or by

obtaining post-dated cheques/ECS/S.I. as per extant

instructions.

DSP account holders can avail Home Loan at a branch/

RACPC as per his convenience at

(a) Place of posting

(b) Place where salary is drawn and

(c) Place of construction of property

Moratorium:

for buildings up to 7 floors – 18 Months

> 7 and up to 14 floors – 24 months

> 14 and up to 21 floors – 30 Months

More than 21 floors – 36 Months

Mega/ Integrated Township -48Months(GM

Approval)

Loan for more than one house may be provided

subject to:

a) i- Applicant should fulfill income criteria and EMI/NMI

norm,

ii. Satisfactory conduct of existing account as evidenced

in CIBIL

b) Exposure for 3rd house/ plot onwards will be treated

as CRE Home loans.

PDC: In terms of RBI Circular No. RBI/2012-

12/444/DPSS.CO.CHD.No.1622/04.07.05/2012-13 dated

18.03.2013; no fresh Post Dated Cheques

(PDC)/Equated Monthly Installment (EMI) cheques

(either in old format or newCTS-2010 format) shall be

accepted by lending banks in locations where the facility

of ECS/RECS (Debit) is available. Section 25 of Payment

and Settlement System Act 2007provides legal recourse

on dishonor of ECS/SI. However, it is necessary to obtain

a couple of CTS-2010 compliant cheques from

customers as Security Cheques in addition to ECS/SI

mandate.(BOD Circular No. NBG/BOD-GB/84/2013-14

dated 09.01.2014)

Where check off/ ECS/SI are not available, at least 48

PDCs (or for the remaining loan period) to be obtained.

Inspections:

>>Property inspection is to be carried out and recorded

at each stage of disbursement.

>>Post disbursement inspection within 15 days in

respect of all loans disbursements, thereafter every

quarter for the first year to ensure mortgage formalities

have been completed, Bank’s charge on property noted

and possession of the property is taken by the

borrower. The 2nd and 4th

inspections should be carried

out by a different official. Thereafter, inspection to be

carried out once in every 3 years

>Randomly selected 5% accounts should be verified by

Inspection every month.

>If repayments are in arrears for two successive months

inspection should be conducted immediately.

ENTRY IN ‘Default TL Account Register’

> 6 Month Default- Revival Letter to be obtained from

Borrower and Guarantor.

>For NPAs: At half - yearly intervals

Engagement of Builders as Marketing Associates:

The builders, with whom we have tie-up arrangements,

are engaged as our Marketing Associates (MA) for

promoting our Home Loans. In addition to the builder

and builder’s representatives, Housing Co-operative

Societies or their representatives may also be engaged

as MA. Commission to MAs will be paid by RBOs strictly

based on LOS data. Commission should not to be paid

through Cheque/IOI/DD. Any commission paid to MAs

other than based on LOS/CBS data, will be treated as

unauthorized payment.

Empanelment of Home Loan Counselors (HLCs) at

Branches linked to RACPC/ RASMECC/ LPC etc:

Any individual (including a builder’s representative)

who has prior experience of selling Home Loans,

mortgage backed products, auto loans, credit/ debit

cards, demat accounts and any other similar financial

products can be empanelled as Home Loan Counselors

(HLCs) for sourcing Home Loan proposals. The services

of well established non-individual Firms/Companies may

also be utilized by Circles for sourcing of Home Loan

proposals.

RATE OF COMMISSION PAYABLE TO HLCs, HLAs, MCs,

MA:-( cir dtd 01/12/2018)

Sr.

No.

Limit

Brackets

New Loans Take Over Loans

01 Where

the

aggregate

sourcing

is upto Rs.

1.00

crore, per

month

0.30% +

Applicable

taxes

(Max

Rs.3.00 lakh

per loan)

0.45% + Applicable

taxes

(Max Rs.3.00 lakh per

loan)

02 Where 0.35% + 0.50% + Applicable


DEC 31, 2017


the

aggregate

sourcing

is more

than Rs.

1.00 crore

and

upto Rs.

3.00

crore, per

month

Applicable

taxes

(Max

Rs.3.00 lakh

per

loan)

taxes


loan)

03 Where

the

aggregate

sourcing is

more than

Rs.3.00

crore and

upto

Rs. 6.00

crore, per

month

0.40% +

Applicable

taxes

(Max

Rs.3.00 lakh

per

loan)

0.55% + Applicable

taxes


loan)

04 Where

the

aggregate

sourcing

is more

than

Rs.6.00

crore and

upto Rs.

9.00

crore, per

month

0.45% +

Applicable

taxes

(Max

Rs.3.00 lakh

per

loan)

0.60% + Applicable

taxes


loan)

05 Where

the

aggregate

sourcing

is more

than

Rs.9.00

crore, per

month

0.50% +

Applicable

taxes

(Max

Rs.3.00 lakh

per

loan)

0.65% + Applicable

taxes


loan)

Note1: Commission will be paid separately for New

Loans and Take overs at the applicable rates on monthly

intervals.

Note2: Commission is payable for only loans of Rs. 10

lakh and above. Commission Payment Structure –

(a)1st Disbursement-90% of commission amount+

Applicable Taxes

(b)24 months from the date of 1st

disbursement or at

the time of final disbursement, whichever is later,

including for take

overs.- 10% of commission amount+ Applicable Taxes

(c) In case if the loan sourced by the outsourced entities

is shifted to our competitors within two years from the

date of sanction.- Entire commission paid to the

outsourced entity for the particular loan should be

recovered by the Bank.

Revised RBI guidelines with effect from

23.04.2015[Priority Sector Advances (staff loans

excluded)]:

Purpose of Direct

Home Loan

Location Maximum loan

Amount

Purchase/constru

ction of a dwelling

unit per family

Metro centres

with population

above10 lacs

Rs. 28 lacs with

project cost not

exceeding Rs.

35

lacs

Purchase/constru

ction of a dwelling

unit per family

Other Centres Rs. 20 lacs with

project cost not

exceeding Rs.

28

lacs

Repairs to

damaged dwelling

units

per family

Metrpolitan

areas

Rs. 5 lacs

Repairs to

damaged dwelling

units

per family

Others Centres Rs. 2 lacs

>>Change in Name- The RE,H&HD Vertical has been

renamed as Real Estate and Housing Business Unit

(REHBU) w.e.f. 19.09.2015

>> Project Tatkal- Pertains to streamline the end to end

delivery of our Home Loan product, a comprehensive

set of changes in the extant marketing and delivery

structure of our Home Loan product.

>>CREDIT RISK GUARANTEE FUND TRUST FOR LOW

INCOME HOUSING (CRGFTLIH) IN URBAN AREAS- Set-up

by the Government of India and the National Housing

Bank (NHB) has been nominated to manage the

operations of the Trust. Under CRGFTLIH, default

guarantee cover will be available to the Bank for eligible

Home Loans upto Rs. 5 lacs granted to the borrowers in

the EWS/LIG categories in Urban Areas

NRI HOME LOANS

Individual (s) over 18 years of age with a steady source

of income who:

i. are NRI holding Indian Passport

ii. are PIO holding a foreign passport.

And:

i. Total work experience of 2 years in India or Abroad

ii. Job contract of min 2 years abroad, after completion

of 6 months in the employment,

iii. Indian citizens working abroad on assignments with

foreign Governments/ govt agencies or International/

Regional Agencies like the UNO, IMF, World Bank,


DEC 31, 2017


working with Merchant Navy etc., Officials of the

Central and State Governments and Public Sector

Undertakings deputed abroad on Temporary

assignments or posted to their offices (including Indian

Diplomatic Missions) abroad.

Loan Amount: Minimum Rs. 3.00 lacs, Max- max

permissible as per EMI/NMI and LTV. For

repairs/renovation maximum loan amount should be

normally limited to Rs.10 lacs.

>>Clubbing of income permitted as per Home Loan

Norms.

Repayment- maximum period of 30 years subject that

the loan should be liquidated by the age of 60 years or

by the age of retirement, whichever occurs earlier. The

AGM (Region)/ (Branch) may permit the repayment of

loan up to the age of 70 years.

SBI REALTY

(Cir no-1105/2016 - 17Circular No. : NBG/RE,H&HD-

HL/40/2016 – 17 Wednesday,November 23,2016.)

Purpose: Purchase of a residential plot located within

the municipal/corporation area of Urban/Metro centres

with population of 1 lac and above for construction of a

house.Purchase of Plots located outside

municipal/corporation area will be permitted only in

cases where the plots are allotted/developed by

Government Bodies/ Development Authorities such as

DDA, HUDA, BDA, LDA, etc.

However, GM (Network) will be empowered to approve

sanction of loans under SBI Realty Scheme in the towns

with less than 1lac population and also in the projects

located outside the Municipal/ Corporation Area of the

City, provided;(i) Marketability of the plot to be

financed has been assessed in case of stress in the

account,

(ii) In respect of layouts developed by the builders, the

project is approved by the competent authority under

Builder Tie Up Arrangement and the due diligence

on the developer and the project has been carried out.

Type of Loan: Term Loam

Eligibility: as per Home Loan Scheme

Minimum Loan Amount-Rs 5.00 lacs

Maximum Loan Amount –Rs 15.00 Cr

EMI/ NMI:

NAI (in Rs lakhs) Max EMI/NMI

>Rs. 3 lacs & <= Rs. 5 lacs 40%

> Rs. 5 lacs & <= Rs. 8 lacs 50%

> Rs. 8 lacs & <= Rs. 10

lacs

55%

> Rs. 10 lacs 60%

There will be no discretion vested with the Circle

Authorities for approval of relaxation in EMI/NMI ratio.

Maximum period for construction of house: 5 years

from the date of first disbursement of the loan.

Borrower will be required to submit completion

certificate of the house within the stipulated period of 5

years. An undertaking to this effect will be obtained.

Penalty in case of delay in construction :Interest rate in

the account will be automatically reset at the rate of

2.60% above one year MCLR after 5 years from the date

of first disbursement.

For loans above Rs 50 lakhs i) prior administrative

clearance will not be required ii) The loan eligibility will

continue to be arrived at on the basis of lower of the

value mentioned in the ‘Agreement to Sale’ or ‘Market

Value’ based on current Valuation Report not more than

3 months old iii) two title search reports to be obtained

– one before loan sanction another before

disbursement from two different empanelled lawyers

iii) CIBIL Credit Information Report on the borrower to

be obtained twice - one during loan sanction process

and another before disbursement of loan

Max Repayment – 120 Months, no moratorium.

LTV-

Loan Amount LTV

Upto Rs.75 Lac 70%

Above Rs.75 Lac 60%

SBI MAXGAIN

Facility – HL as Overdraft facility (with INB, Cheque

book)

Eligibility- As applicable to Home Loans. Additional-

Should have SB/CA (Existing or prospective) with

minimum balance of Rs 5000/-

This stipulation not applicable to Salary Accounts.

Businessmen whose loan eligibility is assessed on the

basis of firm’s turn over (loan to businessmen) are not

eligible.

Min loan -20 lakh; Max- No upper limit

INB/ Cheque Book Facility- INB and Cheque Book after

full disbursement, However, ATM cum Debit card will

not be issued in Maxgain account.

Conversion of Existing Home Loan (TL) to Maxgain A/c-

Permissible to all home loan borrower except staff IHLS

borrowers, subject to:

(a) Fully disbursed accounts having outstanding of Rs.

20 lacs and more, (b) IRAC status of the account should

be Standard and account should be regular, and (c)

Security under Collateral field has already been created

and authorized.

*Conversion fee of Term Loan to Maxgain facility

currently Rs. 2000/ plus applicable service tax

SBI HOME TOP UP LOAN

Purpose: Any personal purpose such as meeting

expenditure on education, marriage, health care,

repair/renovation/furnishing of the house, etc. other

than speculative purpose. A certificate to this effect will

be obtained from the customer in the application itself

and no documentary evidence for end use of the fund

will be insisted upon.

Eligibility - Following two categories of Home Loan

customers/borrowers will be eligible for availing Home

Top Up Loan: Category 1:


DEC 31, 2017


All new Home Loan customers, acquiring Ready to move

in Properties, simultaneously along with new Home

Loans and all existing Home Loan customers having less

than 12 months satisfactory repayment track record

provided, a. Home Loan limit is more than Rs. 30 lacs, b.

Where the Market Value of the property as per the

Valuation Report obtained at the time of sanction of

Home Loan is minimum 10% more than the ‘Value’

mentioned in ‘Agreement to Sale’ or ‘Sale Agreement’.

c. Possession of the property has either already been

taken and mortgage on the property has been created

or possession of the property and mortgage in favour of

the Bank is expected to be completed before

disbursement of Top-up Loan.

Category 2:

All existing Home Loan customers with a satisfactory

repayment record of at least one year provided

possession of the house has been taken by the

customer and valid mortgage has been created in

favour of the Bank. Note: - Repayment track record of

the borrower in other Bank/HFCs will continue to be

considered for Home Top-up loan eligibility in case of

Takeover loans.

Loan Amount- For Category-1 customers:

Home Loan Limit Maximum Top up Loan

Upto Rs. 75 lacs 10% of Home Loan Limit

Above Rs. 75 lacs 15%of Home Loan Limit

For Category-2 customers:

Minimum Rs. 2 lacs & maximum Rs. 5 crores.

EMI/NMI:

NAI EMI/NMI

> Rs. 3.00 lac <= Rs. 5.00 lakh 55%

> Rs. 5.00 lakh <= Rs. 10.00 lakh 60%

> Rs. 10.00 lakh 70%

NAI < 3.00 Lakhs, Not eligible.

Facility- (i) Top-up Loans upto Rs. 20 lacs: only Term

Loan facility (No overdraft facility).

(ii) Top-up Loans above Rs. 20 lacs and upto Rs. 2

crores: both Term Loan and Overdraft with reducing

drawing power.

(iii) Top-up Loan above Rs. 2 crores and upto Rs. 5

crores: only Term Loan facility (No overdraft facility)

Tenure- residual tenure of underlying Home Loan or 15

years, whichever is higher, subject to liquidation of the

loan before the borrower attans the age of 70 years.

However, the borrowers can opt for a lower tenor.

No of Loans- At any point of time not more than two

loans will be allowed to exist under the proposed

scheme. Second loan may be considered only after a

gap of one year from the date of disbursement of first

loan.

Security- Extension of Mortgage (Not mandatory for

loan up to 5 lakhs.

LTV Ratio:- Upto Rs.75lacs- 80%,Above Rs.75 Lacs- 75%

Take Over HL-Home Top-Up Loan can be given in case

of Take Over also. If the a/c has run for more than one

year in other Bank, it may be sanctioned immediately

after creation of valid EM.

Processing Fee- 0.35% of loan, min-Rs 2000/-+S.T, max-

Rs10,000/-+S.T

Charges for obtaining valuation, search report, CERSAI

Registration and mortgage creation will be borne by the

customer.

TRIBAL PLUS (FOR HILLY/ TRIBAL AREAS)

Purpose: SBI-Tribal Plus' Home Loan is a Special Scheme

designed for Hill/Tribal areas where land records are

not proper and restrictions to transfer of property, for

extending financial assistance to individuals in such

areas for purchase/ construction of a new/ old house

and repair/ renovation of existing house.

Age – Min 21 Yrs, max-60 years

Eligibility - Salaried- Min 5 years of service, should

provide check off

Others- 5 years in the activity, deposit a/c with us for 2

years with avg balance of Rs 5,000/- OR satisfactorily

conducted loan with us for min 2 years,

Loan Amount- For Employees – 36 times NMIs, For

Others- 2 times average NAI

Max loan- 10 lakhs

Loan Type-Term loan

Max Loan Tenure- 15 Years, loan to be fully repaid by

the remaining service period of the borrower (salaried),

65 year (others)

Margin- Construction/ Purchase 15%

Repair/ Renovation/ Addition 20%

Security- Salaried:

i. TPG of another employee good for the loan amount,

OR

ii. Group Guarantee of 3-4 employees

iii. Lien on PF of the applicant, wherever possible

iv. Applicant should obtain Life Insurance policy equal to

the loan amount assigned to the Bank.

v. Liquid Securities not less than 30% of loan amount

Others:

i. TPG good for the loan amount

ii. Applicant should obtain Life Insurance policy equal to

the loan amount assigned to the Bank.

iii. Liquid Security not less than 50% of the loan amount.

The stipulation above may be waived by the Sanctioning

Authority if the borrower/ guarantor offer valid

mortgage property owned by him at other centre.

AGM Region/Branch may reduce it to 15% of the loan

amount in respect of tie-ups with govt. Depts, reputed

corporate with availability of bulk business potential of

not less than Rs.2 cr.

GRAM NIWAS & SAHYOG NIWAS

(e- circular no- 31/2017 – 18 dtd April 06,2017)

Gram Niwas and Sahayog Niwas Scheme since

withdrawn. However, the proposals already sourced

under both the schemes and logged in LOS may be

permitted to be sanctioned provided the loans are

partly/fully disbursed latest by 15th April, 2017.

EARNEST MONEY DEPOSIT SCHEME


DEC 31, 2017


Loan amount- up to 100% of application money – Max

Rs 10 lakhs

Age – Min 21 yrs;

Facility – Demand Loan

Processing Fee : 0.50% of the loan amount minimum

Rs.100/-

Repayment – Unsuccessful Applicant-on receipt of

refund from the Housing Board/Urban Development

Authority. Successful Applicants- Lump sum repayment

of the loan, Not more that 12 month from the

disbursement date.

One Person- One Application.

REVERSE MORTGAGE LOAN

Age of first borrower: Above 60 Yrs; When Loan Jointly

with spouse – Minimum Age of spouse above 58 Yrs

Should not have more than one surviving spouse –

Undertaking to not remarry during loan term

Loan availed jointly with spouse: Loan Tenor –If age of

Younger Borrower is above 58 and up to 68 Yrs-15 Yrs

Loan Tenor –If age of Younger Borrower above 68 Yrs-

10 Yrs

Loan availed in single name: Loan Tenor –If age of

Borrower is above 60 and up to 68 Yrs-15 Yrs

Loan tenor –If age of Borrower above 68 Yrs-10 Yrs

Residual Life of property Should be at least 20 years in

case of single borrower and 25years in case of spouse

being below 60 years of age.

Periodicity of availing loan:

� Monthly / quarterly payments

� Lumpsum payment:

Limit under the lumpsum payment upto 50% of the

total limit sanctioned. Remaining 50% of the limit to be

disbursed through periodic payments.

Loan Amount – 90% of value of property (it includes

interest till maturity) Min 3 lakhs Max 1 Cr

Loan may be disbursed in Monthly/ Quarterly

Installments or 50% in lump sum and remaining 50%

through periodic payments

SBI GREEN HOME LOAN

Green buildings are certified by rating agencies, such as

the Leadership in Energy and Environmental Design

(LEED) rating system developed by the U.S. Green

Building Council, Green Globes from Green Building

Initiative, LEED INDIA rating, India Green Building

Council (IGBC), and TERI-GRIHA from TERI-BCSD India.

The rating is generally based on five categories of

performance viz. (i) Sustainable Sites,(ii) Energy and

Atmosphere, (iii) Water Efficiency, (iv) Indoor

Environmental Quality, (v) Materials and Resources.

As presently we are the only Bank in the country

supporting the cause of Green Buildings, we have got an

opportunity to get first mover advantage in this elite

business space by appropriate positioning of our offer.

For this purpose “SBI Green Home Loan” has been given

a distinguishing identity of its own in the form of a new

product name, though strictly speaking, there is no

major change in the features of the existing Home Loan

products except waiver of processing fees.

Financing Green Buildings (Energy Savings – 20-30% &

Water Savings – 30-50%)

Incentives –Waiver of Processing Fee.

CRE HOME LOAN

If an individual owns two or more houses, singly or

jointly then the exposure for the third house onwards

/purchase of plot will be treated as CRE Home Loans.

The maximum number of houses /flats/residential plots

will be restricted to 3 under CRE Home Loans over and

above the two houses / flats permissible under Home

Loan Scheme. GM (Network) shall have discretion to

approve deviation in permitting Home Loans under P-

Segment to applicants having more than 5 residential

units. However, maximum number of Home Loans in

the name of an individual, including the existing loans

and the proposed one will be restricted to 5 (five) Home

Loans (excluding closed accounts) under Home Loan

Scheme in P-Segment.

Loan for extension of the present house will be treated

as CRE Home Loan if more than 50% of the monthly

installment of the loan is expected to be raised through

the rent receivable from the extended portion. Present

stipulation in the Home Loan policy that “while

computing maximum eligible loan amount, expected

rent accruals from proposed house/flat being let out

(net of taxes, cess etc.) may be reckoned subject to

maximum amount equivalent to the Net Monthly

Income of the borrowers” shall continue to be in force.

No OD facility. No interest Concession.

CRE exposure to the extent secured by Commercial

Real Estate attracts risk weight of 100%.

Provision on standard CRE to be made at 1% instead of

0.40% for Home Loans

Interest Rate- Same rate applicable as in Home Loan

(Term Loan) except for CRE Maxgain Loan account

where a premium of 0.45% p.a. over and above the

applicable interest rate on similar loan amount under

Term Loan.

SBI SURAKSHA

funding 100% of the SBI Life premium through a

separate account (a/a). Outstanding under the Suraksha

loan will be classified under “Personal Loans” in the P-

report

YUVA HOME LOAN

SBI Yuva Home Loan Scheme is withdrawn w.e.f. 1st

February, 2016.

HOME LOAN PAL ( PRE-APPROVED LIMIT )

KYC compliance and Assessment of eligible loan amount

are completed before finalization of the property deal

by the borrower. Borrowers get assured of eligible loan

amount and the time to be taken for disbursement.

However, The Interest Rate prevailing on the date of

sanction of Home Loan will be applicable.

PAL will be valid for a period of 4 months.

Available at RACPC only.


DEC 31, 2017


Min loan amt - 10 lakhs

Sanction of pre-approved Home Loan limit will be

advised to the borrowers through a “Pre-approved Loan

Arrangement Letter (PLALs)”.

Non-refundable processing fee as applicable to the

Home Loan will be collected upfront.

LOAN AGAINST PROPERTY (LAP)

Any personal purpose such as meeting expenditure on

education, marriage, healthcare, etc. other than

speculative purpose. An undertaking to this effect will

be obtained from the customer in the application itself

and no documentary evidence for end use of the fund

will be insisted upon.

SBI LAP will not be permitted for Business Purposes.

It is a Term Loan under personal segment.

Eligibility: Employees, Professionals and Self-employed

Individuals who are IT assesses, Non Resident Indians

(NRIs) who own residential property or commercial

property in his/her own name or in the name of spouse/

children/parent/sibling.

Eligible Property: Non-encumbered, non-agricultural

and SARFAESI compliant, (i)Residential house/flat in the

name of borrowers/ guarantors.

(ii)Commercial properties of the borrowers/guarantors

provided they are leased to SBI/ Banks/ PSUs/Govt.

Departments/listed profit earning Companies /

Companies with ECR of ‘A’ & above, where residual

lease period is minimum 5 years.

However, loan under this scheme will not be made

available on mortgage of an open plot, under

construction property and Industrial Property and also

on properties located outside the municipal area and in

RUSU area i.e. places with population upto 1 lac. No

second/pari-passu charge will be extended to other

lenders.

Security -(i) E/M of the Property (ii) In cases where the

commercial properties are rented out on lease,

equitable mortgage on the property will be created and

assignment of rental receivable will be obtained.

Loan Tenor: Minimum: 5 years Maximum: 15 years.

Loan Amount:-(i) Minimum Loan Amount: Rs. 10 lacs

(ii) Maximum Loan Amount: Rs. 7.50 crores, subject to

location of the property(a) At Non-BPR urban centres: 1

crore,(b) Within the Municipal Corporation areas of

NCR, Mumbai, Pune,Chennai, Ahmedabad, Bangalore

and Hyderabad centres: Rs. 7.50 crores, and

(c) At other BPR centres: Rs. 2 crores

(iii)At Rural & Semi-urban Area i.e. places with

population upto 1 lac: NIL

LTV Ratio:- Upto Rs. 1 crore- 65%

Above Rs. 1 crore & upto Rs. 7.50 crores -60%

PAN Card mandatory

Valuation Frequency: Every three years

Maximum Age: should be liquidated before eldest

borrower attains the age of 70 years.

SBI PRIVILEGE HOME LOAN & SBI SHAURYA HOME

LOAN

In order to capitalize on the opportunity brought-forth

by the implementation of Seventh Pay Commission

recommendations for Central Government employees

two new Home Loan products (a) SBI Privilege Home

Loan and (b) SBI Shaurya Home Loan, offering an

innovative Home Loan product tailor made to the

requirements of employees with pensionable service,

have been launched by the Bank on 1st August,2016.

The key features of the schemes are given as under:

Particulars Features of SBI Privilege Home Loan

and SBI Shaurya Home Loan

Eligibility SBI Privilege Home Loan: Employees

of Central / State Governments

(including PSBs, PSUs of Central

Government,

and other individual(s) with

pensionable service.SBI Shaurya

Home Loan: Defense Personnel

belonging to

Army, Navy and Air force.

Age Minimum: 18 years

Maximum: 75 years by which time the

loan should be fully

repaid.

Minimum

Loan

Amount

Rs. 10 Lacs

Maximum

Loan

Amount

Rs. 50 Crores.

Maximum

permissible

EMI/NMI

ratio

(a) Where age of the eldest

salaried borrower is up to 45

years:

Annual Income EMI/NMI Ratio*

>Rs. 3L &<= Rs.

5L

55%

>Rs. 5L &<= Rs.

8 L

65%

>Rs. 8L &<= Rs.

10 L

70%

>Rs. 10 Lacs 75%

*The EMI/NMI Ratio mentioned above

will be applicable for

the full loan term.

(b) Where age of the eldest salaried

borrower is above 45 years:

Annual

Income

EMI/NMI

Ratio

upto

Retirement

EMI / NMI

Ratio Post

Retirement

>Rs. 3L

&<=

Rs. 5L

55% 50%

>Rs. 5L 65%


DEC 31, 2017


&<=

Rs. 8 L

>Rs. 8L

&<=

Rs. 10 L

70%

>Rs. 10

Lacs

75%

Income of spouse/ son/daughter, who

joins the loan as co-

borrower/guarantor will be

considered towards estimation of

maximum loan eligibility.

Loan Term Minimum: 60 months.

Maximum: 360 months or upto the

age of 75 years (the age by which the

loan should be fully repaid) of the

principal borrower ,whichever is early.

Facility Term Loan only.

Processing

Fee

Full waiver of Processing Fee.

SBI HAMARA GHAR

(please refer to e-circular no.1311/2016-17 dated

4.1.2017)

Home Loan will be available by way of Term Loan only

with fixed interest option of 2 years.

Pre-payment penalty @2% plus ST will be levied on the

loans foreclosed/Prepaid during the initial fixed tenor of

2 years.

Switch-over facility from fixed interest rate to the

prevailing floating rate linked to one year MCLR will not

be available during initial fixed period of 2 years.

Loan Amount : Maximum Loan Amount : Rs.30 lacs

SBI BRIDGE LOAN


4.1.2017)

SBI Bridge Loan is a Short Term Loan to meet shortfall in

funds for purchase of a new home/flat by mortgaging

existing unencumbered property.

The applicant for Home Bridge Loan should satisfy each

of the below mentioned eligibility criterion:

a) Individuals who own an unencumbered fully

constructed house/flat and intend to sell the existing

home/flat for meeting temporary shortfall in cost for

acquiring new home/flat.

b) In case of joint ownership of the existing property, all

co-owners of the property should also join as co-

borrowers for the Bridge Loan.

Loan will be given by way of Term Loan (No Overdraft

facility).

LTV & Permissible Loan Amt

i) 65%, if Market Value of the existing property is upto

Rs.1 Crore.

ii) 60%, if Market Value of the existing property is above

Rs.1 Crore.

iii) 90% of the cost of the proposed home/flat.

Loan Tenor

Maximum 2 years. Interest applied on Bridge Loan

during the currency of the loan should be serviced.

Loan Amount : Min. Rs. 20 lacs, Max.:Rs.2crores.

Repayment

The Bridge Loan needs to be repaid in full by the

borrower any time within the loan tenure of 2 years, in

one or more number of instalments. No EMIs will be

stipulated.

HOME LOANS TO NON-SALARIED SEGMENT

DIFFERENTIAL OFFERINGS


5.1.2017)

Home Loans for the purpose of construction/acquisition

of residential house/flat, purchase of residential plot, &

takeovers to non-salaried class with relaxation in

EMI/NMI rate. Eligibility: Professionals/Self-

Employed/Businessmen who are over 18 years of age.

In case of Firm it should be profit making unit in last 2

years with 3 years existence.

Loan Amount : Minimum: Rs.50000/-, Maximum :

Rs.50 Crores.

Liquid Collateral in the form of Term Deposits with our

Bank or NSCs/KVPs in own name/in the name of

parents/spouse/children/siblings.

Repayment

Maximum of 30 years. Interest applied during the

moratorium period should be serviced.

INSTA HOME TOP-UP LOAN


4.1.2017)

PURPOSE

Insta Home Top-Up loan , an online product offered

through Internet Banking facility

Any personal Loan other than speculative purpose.

Acceptance of Terms and Conditions validated using a

One Time Password (OTP)"

ELIGIBILITY :Existing Home Loan borrower who fulfill

following conditions

1. Minimum Home Loan Limit of Rs. 20 lacs with INB

facility.

2. Minimum residual maturity of Home Loan of 5 Years

3. Satisfactory repayment record of at least 3 years

4. CIBIL Score of 700 or higher

VALIDITY OF OFFER:


DEC 31, 2017


The offer made to pre-selected customers would be

valid for a period of 30 days from the date of activation

of the offer on our Internet Banking (INB) website.

A fresh list of eligible customers will be prepared by our

IT/Analytics department on the last day of every month

and suitable message conveying fresh offers will be

shown to them on our INB website.

The offer message will not be shown to the ineligible

customers.

Loan Amount

5% of the Home Loan Limit.

Minimum : Rs. 1,00,000/-

Maximum:Rs.5,00,000/-

RATE OF INTEREST:

1% above MCLR

SECURITY:

Without extension of mortgage of the property

PRADHAN MANTRI AWAS YOJANA

CREDIT LINKED SUBSIDY SCHEME (CLSS)

Government of India under the aegis of the Ministry of

Housing and Urban PovertyAlleviation (MoHUPA) has

launched ‘Credit Linked subsidy Scheme (CLSS)’ for

Urban Areas under the ambit of Pradhan Mantri Awas

Yojana. The CLSS has been implemented in all 4041

statutory towns as per 2011 census and will remain in

forceupto 31st March, 2022.

Scheme CLSS for

EWS/LIG

CLSS (MIG-

I)

CLSS (MIG-

II)

Maximum

Household

Income per

annum

Upto Rs. 3

lacs

for EWS &

Upto Rs. 6

lacs

for LIG

Above Rs.

6

lacs &

upto

Rs. 12 lacs

Above Rs.

12

lacs &

upto

Rs. 18 lacs

Maximum

carpet Area

of

house

30 sq. mts.

for

EWS &

60 sq. mts.

for

LIG.(A bigger

carpet area

may

bepermitted

in case of

construction/

acquisition of

new

house/flat)

90 sq. mts.

(No

relaxation

permitted

110 sq.

mts.

(No

relaxation

Permitted

Ownership

of

the

property

Women

must be

sole/co-

owner in

the property

(except in

case of

construction

No such clause

(Property may be owned

by

any adult member of the

family, irrespective of

the

gender)

of

house on

existing

plot)

Family

definition

Family

comprising

of

husband,

wife

and

unmarried

children.

The

beneficiary

family should

not

own a pucca

house either

in

his/her name

or

in the name

of

any member

of

his/her

family in

any part of

India.

Family comprising of

husband, wife and

unmarried

children.

Adult earning member

(irrespective of marital

status)

may be treated as a

separate

household provided

he/she

do not own a pucca

house in

his/her name in any part

of

India.

Maximum

loan

Maximum

loan

amount

eligible for

subsidy

Upto Rs. 6

lacs

Upto Rs. 9

lacs

Upto Rs.

12

Lacs

Subsidy

Percentage

6.50% 4% 3%

Maximum

tenor of

loan

on which

subsidy will

be

calculated

20 yrs 20 yrs 20 yrs

Maximum

Subsidy

Amount

Payable

Rs. 2.68 lacs Rs. 2.35

lacs

Rs. 2.30

lacs

Processing

Fee

Waived Waived Waived

Validity of

Scheme on

Loan

sanctioned

between

01.01.2017

to

31.03.2022

01.01.2017

to

31.12.2017

01.01.2017

to

31.12.2017


DEC 31, 2017


CAR LOAN (e-cir no-784/2017-18 dtd 09.10.2017)

Purpose-For purchase of new:

> Passenger cars, Multi Utility Vehicles (MUVs) and

Sports Utility Vehicles(SUVs).

Type of Loan- TL/OD

Age – 21-65 Yrs (For Sanction of Loan); Loan must be

fully repaid before the age of 70 Yrs

Minimum Income:

Salaried : NAI-2.50 Lakhs per annum.

Self-employed, Professionals, Proprietary/Partnership

firms and Businessmen: Net Profit or Gross Taxable

income of Rs. 4,00,000/- p.a. as per ITRs after adding

back depreciation.

Agriculturist: NAI of applicant and/or co applicant

together to be Rs. 4,00,000/-.to be arrived at based on

the nature of the activity, land holding, cropping

pattern, yield etc.

Income of co-Applicant, if any, can be clubbed to arrive

at the income criteria. The person whose income is

included will join as a co-borrower. The maximum

number of applicants should be restricted to two.

Computation of Net Income: Salaried: Gross Salary net

of all statutory deduction. (No other deduction to taken

into account) NAI= NMIX12

Self employed, Professionals, Proprietary / Partnership

firms and Businessmen: Net Profit or Gross taxable

income of Rs 4,00,000/ as per ITR after adding back

depreciation.

EMI/NMI: Upto Rs.5 Lakhs - 50% ,Above Rs.5 Lakhs and

uptoRs.10 Lakhs – 50%, > Rs.10 Lakhs - 60%

Borrowers who have availed HL- EMI/NMI will be

50% / 60% / 70%

LTV Ratio:

85% of the On-Road price of the car

90% of the On-Road price of the car in Salary Package/

tie up.

On-Road price includes taxes, insurance, accessories

and extended warranty total maintenance Package etc.

The maximum cost of accessories, extended warranty

and total maintenance should not exceed 5% of the ex-

showroom cost of the vehicle or Rs. 50,000/ whichever

is lower.

Maximum Loan Amount –

Type Of Customers Max Loan

Salaried 48 times NMI

Self employed, Professionals,

Proprietary / Partnership firms

and Businessmen

4 times NAI

Agriculturist 3 time NAI

Max Repayment – 7 years, age at the time of

liquidation of loan<=70 yrs

Penal Interest: For Loan up to 25,000/-- Nil

For Loan above 25,000/-: If the irregularity exceeds EMI

or Installment amount, for a period of one month , then

penal interest would be charged @2% p.a.(over and

above the applicable interest rate) on the overdue

amount for the period of default. If part installment or

part EMI remains overdue, then penal interest should

not be levied.

Inspection: After initial inspection, waived for standard

asset.

Post Sanction Inspection-

(a) Post disbursement inspection of vehicle must be

carried out within 15 days from the date of

disbursement in respect of auto loans.

(b) If there is default in auto loan, then an inspection

will take place.

(c) The branch/RACPC will initiate 1st Post Sanction

Inspection for Xpress Credit, SBI Saral, Festival and

Education loans within a week of the accounts being

classified as RG “3”. (eCirc 138 dt 09/05/2014)

Credit Report: For Car loan > 5 Lakhs, at least two

agencies’ credit report strictly to be obtained. (CIBIL &

ECISPL)

Processing Charge: 0.52% of the loan amount subject to

a minimum of Rs.1,035/- and maximum of Rs.10,350/-.

25% of the Processing Fee will be retained if the

application is rejected after pre-sanction survey subject

to Minimum of Rs. 510/- and maximum of Rs. 2550/-.

PRE PAYMENT PENALTY: Nil

Scoring Model:

Score 60 to 100 - Clear Sanction

Score 46 to 59 - May be considered a)after credit

enhancements or b) application to be referred to next

higher authority

Score 45 or below- Decline

Tele Calling- It has been decided to recover the

expenses incurred in connection with soft recovery of

loans from the borrowers like cost of SMS/Tele-Calls,

visit by an authorized person/employee of the Bank etc.

LETTERS FROM BRANCH TO DEALERS- Clause to be

added-i. Discounts should be remitted to customer loan

a/c, ii. E-mail of photo of vehicle with borrower iii.

Vehicle should not be registered outstation without

bank’s express written consent.

SBI COMBO LOAN SCHEME

A Term Loan for purchase of a Car and a Two Wheeler

taken together. No overdraft will be available under the

Scheme. No Take Over or Reimbursement permitted in

this scheme.

NRI CAR LOAN FOR NEW VEHICLES

Eligibility- Principal Borrower- NRI, Guarantor- Resident

Indian close relative to the NRI.

NRI fulfilling following condition:

▪ Having valid Indian passport

▪ Steady Source of Income

▪ Employed abroad for at least 2 yrs

▪ Holding a valid job contract/work permit

▪Having NRI account with SBI for at least 12 months

with minimum average balance of Rs.50,000/- or

new account with USD 5,000/- or equivalent


DEC 31, 2017


▪ Having NRI account with other Banks for last 24

months with a minimum balance/fixed deposits of

Rs.50,000/-(Other Bank Customers)

▪The borrower will open NRI account with SBI for

repayment of EMIs(Other Bank Customers)

Age – 21- 65 Yrs (for both);

Guarantor: Resident Indian who is the guarantor to the

loan should be a close relative (as defined in Section 6

of the Companies Act 1956) of the NRI borrower

Repayment- 7 years/ 65 years of age.

Minimum Income - Min NMI USD 1000 or Min NAI USD

12000 or equivalent

Loan Amount- 18 times of NMI or 1.5 times of NAI of

NRI borrower-no ceiling for new vehicles.

Other criteria are same as Car Loan Scheme.

SBI LOYALITY CAR LOAN SCHEME

A new Car Loan Scheme for our housing loan borrowers

to avail Car Loan at concessional rate of interest and

processing fee. The new product will be made

applicable to all car loan scheme variants viz Car Loan

Scheme, Combo Loan Scheme, NRI Car Loan Scheme,

Used Car Loan Scheme and Certified Pre-owned Car

Loan Scheme.

Eligibility- Individuals including joint borrowers who

have

i) Availed the housing loan from SBI,

ii) Satisfactorily serviced the loan for at least one year

after the moratorium period,

iii) Taken the possession of the house

iv) Created valid equitable mortgage and

v) Maintained security margin of at least 15% for

purchase/construction of plot/house.

vi) Completed all terms and conditions regarding

sanction of housing loan.

Permissible Loan Amount- 75% MV of house property

less present outstanding of HTL and Home Equity.

Security- Hypo of vehicle and extension of EM. Ext of

EM is not required for Car Loans up to 10.00 lakhs.

Margin- Nil, 100% finance is possible.

Income Criteria- Min NAI Rs 2.00 Lakhs.

Repayment- 7 years

No take over, no reimbursement.

CAR LOAN OD

Min Loan - Rs 3 Lac

Facility – OD (ATM, INB, Cheque book)

SBI CAR LOAN SCHEME FOR USED CARS

( Scheme since discontinued)

CERTIFIED PRE OWNED CAR LOAN (Modified Scheme)

Term Loans for purchase of Certified Pre-Owned cars

Age of the vehicle: Not more than eight years old

Tenure: 8 years minus the age of the vehicle at the time

of applying for loan subject to a maximum tenure of 5

years

Maximum Number of ownership: The ownership

vehicle which is put up for sale under certified pre

owned should not have changed more than 2 times.

Income- Rs 2,00,000/- and above

Loan Amount- Min-Rs 1 lakh, Max- Rs 5 Lakh. Max- 30

Times NMI/ 2.5 times of NAI.

Valuation: Invoice of the dealers or the IDV as per the

motor insurance policy whichever is less.

Margin-20%

Repayment-8 years minus the age of the vehicle at the

time of applying for loan subject to a maximum tenure

of 5 years

Takeover : Not to be considered

SBI NANO YOUTH CAR LOAN SCHEME

(Scheme since discontinued)

REIMBURSEMENT OF COSTS OF CAR PURCHASED BY

OWN SOURCES

We may also reimburse finance for the cars purchased

out of own funds which are not more than 3 month old.

The rate of interest applicable to New Cars will be

available for loan by way of reimbursement.

ASSURED CAR LOAN

Eligibility: Existing Customer with unencumbered Fixed

Deposits

Age: Minimum age of the borrower – 18 yrs

Maximum Age:No stipulation regarding UpperAge Limit

i.e. available for all age groups

Minimum Income: Not stipulated Income declared by

applicant will be accepted

Loan Limit Min : Rs 2 lacs, Max : No Limit

Eligible Amount: 100% of FD for ‘On-Road- Price’ of

vehicle

Type of Facility :Term Loan

EMI/NMI Ratio & Risk Scoring Model: Not applicable.

Processing Fees: NIL.

Repayment : 3-7 Years, as per customer’s choice

SBI CAR LOAN LITE

(Refer e-circualr no-859/2017-18 dtd 26.10.2017.)

For ‘No Income Proof’ category of customers comprising

Businessmen, Professionals & Self-employed and

Agriculturists. The income declared by the applicant will

be accepted as income of the borrower.

(a) Maximum loan amount: Rs 4.00 lacs.

(b) Margin of 25% on on-road price. Margin amount is

to be brought in by the applicant. No certificate from

the dealer regarding receipt of margin money is to be

accepted.

(c) New Risk Scoring Model will be applicable.

(d) No loan will be given for CIBIL score below 650.

(e) Pre-sanction Survey of Residence and Work place

will be conducted by Bank Official. The services of

verification agencies will not be utilized for the purpose.

MODIFIED SBI TWO WHEELER SCHEME

(Refer e-circualr no- 830/2016 – 17dtd September

27,2016.)

Loans will be sanctioned to existing customers under

the following categories.

i.Permanent employees of State/ Central Govt,PSUs,

Corporations, and Listed Pvt Sector companies

maintaining salary accounts.


DEC 31, 2017


ii. Professionals/ self-employed & other IT assesses

maintaining SB/CA/Time Deposit with satisfactory

conduct for minimum 1 year.

iii.Persons engaged in Agriculture with SB/CA/Time

Deposit maintaining satisfactory conduct for minimum 1

year.

iv. Existing borrower customers with satisfactory

repayment history may be considered selectively. Loans

will be sanctioned at home branches only.

Minimum Income: NMI:Rs. 12,500/-,NAI: Rs 1,50,000/-

EMI/NMI Ratio: Upto50%.

Loan Amount Min Rs. 30,000/-, Max : <Rs 3.00 lacs.

Margin 25% of On-road price

Processing Fees 1.50 % + Applicable Serv. Tax

Max Repayment – 36 Months

HIGH VALUE SUPER BIKE LOAN

Term Loan & Overdraft will be sanctioned by the Bank

for purchase of super bikes

Min NAI- Rs 6.00 Lakhs

Min Loan- Rs 3.00 Lakhs

EMI/NMI- Up to 10.00 L NAI-50%

> 10.00Lakhs NAI- 60%

Margin -15%

Repayment- 5 Years

SUPER LUXURY IMPORTED CARS

High Value Cars- Rs.20 lac to Rs. 1.00 Crore

Super Luxury Cars -Above Rs.1.00 Crore

Maximum loan Amount-i) 85 % of the Ex-showroom

price,with no upper Limit. DGM (BO) will have the

discretion to reduce the margin by 5% in deserving

cases. The Road Tax, Insurance, Registration fee etc. to

be borne by the borrower. Since these vehicles are

generally made as per customer’s specification,

additional accessories will not be funded.

SBI STUDENT LOAN

To be sanctioned in the jointly in the name of the

Student and his Parent/ Guardian

LIMIT : a) Max 20 lakhs (For Studies Abroad)

b) Max 10 lakhs (For Studies in India)

Margin- Nil- Loan Up to 4 lakhs

5%- Loan Above 4 lakhs (Studies in India)

15%- Loan Above 4 lakhs (Studies Abroad)

SECURITY:- a) Upto Rs. 7.5 lacs

� Co-obligation of parent(s)

� No Third-party Guarantee

� No Security

b) Above Rs. 7.5 lacs

� Co-obligation of parent(s) together with

tangible collateral security of suitable value,

along with the assignment of future income of

the student for payment of instalments

� The documents should be executed by both

the student and the parent/guardian as joint-

borrower. In case the student is a minor, the

documents will be signed by the guardian

acting ‘for self’ as well as ‘for and on behalf of

the minor’.

Loan Type-Term loan.

>Each ward of a parent/guardian may be sanctioned

loans upto Rs. 7.5 lakhs individually without insisting for

any security.

>This scheme does not prescribe any age limit for the

students availing the loan. Wherever, parents/guardians

are not there the branches may consider grandparents

co-borrower to the loan taking into account their net

worth.

>Customers who are visually challenged/ persons with

disabilities are not barred from availing loans if they

fulfill scheme specific criteria

Moratorium – Course Period + 1 Year or 6 months after

getting Job, whichever is earlier. Extension of

moratorium from 12 months to 24 months may be

permitted.

Repayment: Repayment of the loan will be in EMI for a

period of15 years for all categories.Extension permitted

maximum period of 2 years If not able to complete the

course within the scheduled time.

0.50% concession in interest rate for girl students

1% concession in interest rate for full tenure of loan if

full interest serviced during moratorium. Simple

interest to be charged during moratorium period.

Penal interest @ 2% to be charged for loans above Rs. 4

lacs for the overdue amount and overdue period.

Pan card of the student and the parent/ guardian is a

mandatory document for all education loans

> As per Reserve Bank of India guidelines, for the

purpose of reporting Priority Sector Lending, education

loans with outstandings upto Rs. 10 Lacs (for studies in

both India and abroad) will only be taken into

consideration.

>Switchover from one course to another after availing

the loan will be permissible in order to facilitate smooth

administration of the loan so that the student does not

lose an opportunity to get admission in a better

course/Institution and to improve his employment

prospects thereby.

>No processing/ upfront charges may be collected on

educational loans.

>A joint SB account in the name of student borrower

and co-borrower to be invariably opened at the time of

sanctioning of an education loan. >All those students who approach us for an education

loan of above Rs. 4.00 lacs and upto Rs. 20.00 Lacs for

studies abroad, will be required to make a deposit of

Rs.5000/-

>The amount will be maintained in the form of a

Bankers Cheque payable to “SBI A/c......(name of the

borrower)”

>If the applicant avails the loan, the amount of

Rs.5000/- will be adjusted against the contribution of

margin money by him. If no margin is payable by him,

the amount may be adjusted against the interest

payable on the loan.


DEC 31, 2017


>If the applicant does not avail the loan within a period

of 4 months of sanction of the loan, the amount will be

appropriated and credited to Commission A/c.

>All Branches except Village Branches and SABs are

authorized for this scheme.

>No application for Educational Loan received should be

rejected without the concurrence of the next higher

authority.

Expenses covered- Purchase of books/ equipments/

instruments/ uniforms/ computer at reasonable cost, if

required for course completion and any other expense

required to complete the course– like study tours,

project work, thesis, etc. considered for loan should be

capped at 20% of the full amount of total tuition fee

payable by the students who do not get any

concessions/ remissions. Cost of a two-wheeler upto Rs.

50,000 can be included in the expenses considered

eligible for finance where the loan amount is secured by

a suitable third party guarantee and/or tangible

collateral security. Two-wheeler can be necessary in

some cases where hostel and college are far apart.

@ Modification in moratorium for 2nd

Top Up Loan( SBI

Student and Scholar)- For Students opting for Higher

Studies, without availing 2nd

(Top Up) Loan from our

Bank due to following reasons:

i. Availability of Scholarship for the Higher studies.

ii. Concessional /Low fee structure, moratorium period

to be extended for the duration of the higher studies

also.

• The combined repayment to be shifted to one year

after the completion of Higher Studies, or 6 months

after taking up a job whichever is earlier.

Note: In cases where the student is pursuing higher

studies by availing Second Loan from some other Bank,

there will be no change in the moratorium period. (e-cir

1172 dt 24/01/14)

@ Post Sanction Supervision- NODAL OFFICER- To be

identified from among the existing officials who are

handling the job of education loans in Branches with

more than 200 Education Loans. The position of Nodal

Officer will also be created at the RACPCs with more

than 200 Education Loans. (e-Circ no 1317 dt

04/03/2014)

@SBI Student Plus Advantage Card- A product of SBI

Card specifically for Education Loan Borrowers. Target

Market- Students/ Parent/ Co-borrowers.

@Photo publication of defaulters- In respect of

educational loans, under no circumstances, the

photographs of students will be published.

Life Insurance Cover- Effort should be made to cover by

life insurance policy, preferably SBI Life, duly assigned to

us for Full value of loan+ accr int during moratorium, for

full tenure of the loan. ( in case of student being eligible

for interest subsidy, life cover for only loan amount)(e-

cir 798 dt 17/10/13)

>Purchase of Foreign Travel Card ( FTC) by students

availing education loans for studies abroad should be

made mandatory as part of loan process by default

(eCirc 48, 12/04/14)

>Opening of account through LOS made mandatory.

>“All Indian Citizens who intend to obtain primary

medical qualification from any foreign country on or

after 15th May, 2013 are not required to obtain

Eligibility Certificate from the Medical Council of India.”

(eCir 677 dt 08/09/14)

INTEREST SUBSIDY SCHEME ON EDUCATION LOAN FOR

ECONOMICALLY WEAKER SECTION PROPOSED BY

MINISTRY OF HRD, GOVT. OF INDIA

>The scheme is known as Central Scheme to provide

Interest Subsidy for the period of moratorium on

Education Loans taken by students from Economically

Weaker Sections (EWS) with annual gross

parental/family income up to Rs.4.50 lakhs per annum

from the academic year 2009-10.

>The scheme could be adopted by all scheduled banks

and would be applicable only for studies in recognized

Technical/Professional courses in India.

>The subsidy is provided for the period of moratorium

i.e. course period plus one year or six months after

getting job whichever is earlier.

>The interest subsidy under the scheme shall be

available to the eligible students only once either for

the first undergraduate degree course or the post

graduate degree/diploma in India or integrated courses

(graduate plus postgraduate).

>The scheme shall be implemented through Canara

Bank, which is the Nodal Bank.

Under the above schemes, education loans for eligible

students for studies in India up to a maximum limit of

Rs.10 lakhs would be eligible for interest subsidy.

SBI SCHOLAR LOAN

To be sanctioned jointly in the name of the Student and

his Parent/ Guardian

Sanction & Disbursement: In addition to existing

designated campus branches, all MMGS-III and above

incumbency branches will also sanction the Scholar

Loans, as per the convenience of student/parent. (e-cir

226 dt 12/06/2013)

(After completion of the studies and if the student

desires, the loan account may be transferred to a

branch closer to the place of co-borrower and

preferably to the branch which has made KYC

verification at the time of availing loan for tracking

purposes)

Max Loan Amount:

List ‘AA’: Up to Rs 40 Lakhs(Inclusive of Admission fee,

hostel fee etc., but restricted to the fee & charges

demand receipt from the Institute) Without any

tangible Collateral.(cir dtd 03/01/2018)

List A- Without Coll- 20 Lakhs

With Collateral -30 Lakhs

List ‘B’: Without Coll- 20.00 Lakhs

List C-Without Coll-Up to Rs 7.5 Lakhs,

With Coll- Above 7.5 Lakhs and up to Rs. 30 Lakhs,


DEC 31, 2017


Margin- Upto Rs. 4 Lacs: NIL

Above Rs. 4 Lacs & Upto Rs. 7.5 Lacs: 5%

Above Rs. 7.5 Lacs: NIL

Moratorium: Course Period + 1 year

> Extension of time for completion of course may be

permitted for maximum period of 2years if the student

is not able to complete course within scheduled time.

Repayment- Maximum 15 years after commencement

of repayment. Repayment starts 1 year after the

completion of the course.

> An ATM-cum-Debit card and Internet Banking facility

will be immediately provided to all the students

applying for this loan.

SBI SKILL LOAN SCHEME

(Earlier SBI Loan scheme for Vocational Education &

Training)

SBI Skill Loan Scheme aims at providing a loan facility to

individuals who intend to take up skill development

courses as per the Skilling Loan Eligibility Criteria.

Min Loan- 5000/-, Max Loan- 1,50,000/-

Margin/Security/Processing charges: Nil

REPAYMENT:Loans upto Rs.50,000-Upto 3 years

Loans between Rs.50,000 to Rs.1 lakh-Upto 5 years

Loans above Rs.1 lakh- Upto 7 years

PADHO PRADESH

As per Prime Minister's 15 Point Programme for the

Welfare of Minorities, announced in June 2006, Scheme

of Interest Subsidy on Educational Loans for Overseas

Studies for Students from Minority Communities has

been formulated and implemented. The scheme will

promote educational advancement of student from

minority communities and provide them better

opportunities for higher education abroad and enhance

their employability. This is a Central Sector Scheme to

provide interest subsidy to the student belonging to the

communities declared as minority communities in terms

of section 2 (c) of National Commission for Minorities

Act, 1992, on the interest payable for the period of

moratorium for the Education loans under the Scheme

of Interest subsidy on Educational loans for Overseas

Studies to pursue approved courses of studies abroad at

Masters and Ph.D levels. However, subsidy is available

only on loan sanction and disbursed from 2013-14

onwards and limit up to Rs 20 Lakhs for candidates

having family annual income < Rs 6 Lakhs.

SBI GLOBAL ED-VANTAGE

In order to increase our share in education loans for

studies abroad category, a new EL Scheme: SBI GLOBAL

ED-VANTAGE, for studies abroad with enhanced loan

limit has been launched. These loans will be full secured

by tangible collateral.

Purpose: For pursuing full time regular courses in

foreign colleges/universities

ii. Courses Covered: Regular Graduate/Post-

Graduate/Doctorate Degree/Diploma/Certificate

Courses in any discipline offered by foreign

Institutes/Universities in USA, UK, Canada, Australia,

Europe, Singapore, Japan, Hong Kong and New Zealand

will be covered under the scheme.

iii. Loan amount • Minimum Loan Amount: Rs. 20 Lacs

• Maximum Loan Amount: Rs. 1.5 Cr

iv. Processing fee Rs. 10,000/- per application

Margin :20% Margin has to be brought in at the time of

each disbursement

Security: Tangible collateral security

Security margins applicable: Value of security to be

taken should be equivalent to loan limit plus simple

interest to be accrued on the loan amount for 5 years.

Moratorium Period: Upto 6 months after completion of

the course

Repayment Period:

• Upto maximum of 15 years

• Repayment starts 6 months after the completion of

the course

VIDYA LAKSHMI PORTAL (VLP) Launched by Hon’ble Prime Minister on 15

th August

2015.Ministry of HRD along with the Department of

Financial Services, Government of India has launched a

common portal “Vidya Lakshmi Electronic Platform” for

students to apply for education loans and to facilitate

tracking and follow-up of the loan during its life cycle. In

our Bank, Vidya Lakshmi Electronic Platform (VLP) is

linked with OCAS, the online application site for Retail

Loans so that the leads fed into Vidya Lakshmi

Electronic Platform are transmitted and monitored by

bank effectively.The IBA has engaged the services of

NSDL e-governance for developing this portal. The NSDL

e-Governance has prescribed Rs. 250/- levy on

approved /disbursed applications through Vidya

Lakshmi Portal, to be debited to the Loan account, as

per IBA norms.

SBI SARAL

Min NMI - Rs 5000/-; Loan- 12 times NMI (Max Rs 10

lakh); Repayment –6-48 Months

Individuals other than salaried person not eligible

Min Loan- 10000/- (R & SU) & 24000/- (Metro & Urban)

Max Loan- 10 lakhs

EMI/NMI Ratio- 50%

XPRESS CREDIT

(Modification vide cir no-1296/2016 - 17Circular No. :

NBG/PBU/PL-XPRESS/71/2016 - 17Monday,January

02,2017)

Purpose: any legitimate purpose

Eligible Employers: Central and state Government,

Quasi-Government, Central PSUs, Profit making State

PSUs, Educational Institutions of National Repute

(Institutions covered under SBI Scholar Loan Scheme),

Corporates, Employees: Permanent employees with a

minimum of 1 year’s length of service

Min NMI – Rs 5,000/-

Margin-Nil, Security- Nil, TPG- Nil

Type of Loan- TL & OD


DEC 31, 2017


Loan Amount –T.L- Min-25,000/-O.D-Min-5 Lac, Max-24

times NMI Max 15 lakhs; Max loan to School Teachers-

(a) Govt School-24 Times NMI,(b)Govt aided school-

12Times Gross salary

Rated Corporates:24 times NMI

Unrated Corporates:24 times NMI

Penal intt:- Penal Interest @2% p.a. would be charged

(irrespective of loan amount)over and above the

applicable interest rate on the overdue amount for the

period of default. If part instalment or part EMI remains

overdue then penal interest should not be levied.

Processing fee:- 1% of the Loan Amount + applicable

GST. A concession of Rs 250 will be provided to the

borrower in case he provides all 3 of the following

documents:

� Aadhar Card

� PAN Card

� Mobile No

>Pre-Sanction:- Not Mandatory (for accounts opened

under DSP/PMSP/ICGSP product codes)

> Mandatory requirement of physical verification of the

residence and office address of the applicant (PSS) in

case of all Xpress Credit Loans has been Waived subject

to the following stipulations:

a. The Loan is sanctioned under full Check-off category.

b. Aadhar Card/eAadhar Card number to be mandatorily

obtained and linked to salary account, if not already

linked.

c. Aadhar Card credentials to be verified and recorded.

Repayment- Lower of 60 EMIs or Remaining Service

EMI/NMI Ratio<= 50%

Review- Yearly, Renewal- 24 months

Provision of 2nd

Loan- 1yr after disbursement of 1st

loan, max 2 Xpress credit at one time.

Prepayment Charges- Nil

Partial check-off facility now abolished.

Interest Rate based on Proposed Spread over 2 year

MCLR:

(a)Rated corportates:-

A+ and above BBB- and below

Full C O 340 bps 390 bps

No C O 540 bps 590 bps

An additional 25 bps will be charged if the customer

avails an overdraft facility.

CIBIL TU

Score

≥ 800 700 - 799

Check Off 415 bps 465 bps

No Check off 490 bps 615 bps

An additional 25 bps will be charged if the customer

avails an overdraft facility.

For employees of Unrated Corporates / Organizations :-

� Minimum CIBIL TU Score of 700

� Interest rate will be linked to CIBIL TU Score of the

borrower� Regular Salary Credits for last 6 months

Rated Corporates: Will include all Corporates having

ECR (except C & D) or having Banking relationship

with the Bank.

Unrated Corporates:Will include Corporates/

Organizations who neither have ECR nor have any

Banking relationship with us,

> NO SALARY A/C, NO XPRESS CREDIT LOAN.

Disbursement- Never in cash, only by transfer to

account. Intimation to DDO in prescribed format with

full details of the loan is must, but not mandatory for

DSP and PMSP accounts.

PERSONAL BANKING ADVANCES

NEW LOAN PRODUCT: XPRESS CREDIT – IT EMPLOYEES

(Cir. No-669/2016 - 17Circular No. : NBG/PBU/PL-

XPRESS/44/2016 - 17Monday,August 22,2016)

Parameters Details

Eligible

Criteria

EMPLOYERS:

All Employers in IT/ ITeS industry

who are member of NASSCOM, the

list of which is attached as Annexure

to this circular.

EMPLOYEES: Employees

with a minimum of 6 months length

of service & should have salary

accounts

with SBI � Should comply with

Bank’s KYC norms Purpose Loans

under the scheme are to be

sanctioned

Purpose Loans under the scheme are to be

sanctioned for any legitimate

personal purpose(e.g., expenses for

domestic or foreign travel, medical

treatment of self or a family

member, meeting margins for

purchase of assets etc.)

Minimum Net

Monthly

Income

The minimum Net Monthly Income

(NMI) of the employee should be

Rs.25000/-The Branch will ensure to

obtain an Undertaking from the

borrower that there is no other

deduction from his/her salary which

is not reflected in the salary slip as

applicable in Xpress Credit Loan

Scheme.

Security&

Margin

Nil

Foreclosure/

Prepayment

Charges

3% on prepaid amount. No

prepayment/ foreclosure charges will

be applicable if the account is closed

from the proceeds of a new loan

account opened under the same

scheme.

Penal Interest Same as normal x-press credit.

Type of Loan Overdraft with fixed repayment

(reducing DP). Limit can be

reinstated after

liquidation of earlier outstanding.


DEC 31, 2017


(No Cheque book facility to be

provided)

Loan Amount 18 Months Net Monthly Income of

the employee.

Minimum Loan Amount : Rs. 50,000/-

Maximum Loan amount: Rs.10.00

lacs,

subject to EMI/NMI not exceeding

50%

Repayment

Period

Maximum 36 months if Applicant has

CIBIL Score ≥ 800 OR Applicant offers

third party guarantee from a person

working in the same company or

Spouse Otherwise 12 months.

Review Review of loan to be done if 3

months instalments are overdue

Second loan 2nd

loan can only be taken after

liquidation of First loan.

PERSONAL BANKING ADVANCES

XPRESS ELITE: PERSONAL LOANS FOR SENIOR

OFFICIALS OF CENTRAL/STATE GOVERNEMNT,

DEFENCE ESTABLISHMENTS, PSUs & QUASI(Cir.no-

946/2016 – 17 Circular No. : NBG/PBU/PL-

PERLOANS/54/2016 – 17 Thursday,October 20,2016)

Parameters Details

Eligible Criteria EMPLOYERS

Senior Officials working with Central/

State Governments/ Defence

establishments,Quasi Government

Bodies, PSUs.

EMPLOYEES:-Should comply with

Bank’s KYC norms(There is no

compulsory requirement of him/ her

maintaining salary account with the

Bank)

Minimum

Net Monthly

Income

The minimum Gross Monthly Income

(GMI) of the employee should be

Rs.1,00,000.

Security/Margi

n/Processing

fee

Nil

Type of Loan Overdraft (Reducing DP) [with

cheque book facility]

Loan Amount 24 Months Net Monthly Income of

the employee.

Minimum Loan Amount : Rs.

3,00,000

Maximum Loan amount: Rs.

20,00,000

subject to EMI/NMI not exceeding

60%

Repayment Maximum 60 months or residual

service period whichever is less.

Review Review of loan to be done if 2

months’ instalments are overdue

Provision Top up loan can be sanctioned after

for Top up

Loan

1 year of disbursement of the 1st

Loan,

provided the 1st Loan is being

satisfactorily conducted and is

regular at the time of sanction of Top

up Loan. There cannot be more than

2 Xpress Elite

Loans standing in the name of a

borrower. However this is subject to

the overall EMI/ NMI Ratio of 60%.

Customer with CIBIL TU Score of less than 600 will not

be sanctioned loan under this scheme irrespective of

their Application Score.

XPRESS CREDIT-NON-PERMANENT EMPLOYEES

GOVERNMENT BODIES ( e-circular no-1433/2016 – 17

dated-01Feb2017)

� Applicable only in Urban & Metro Branches of

the Bank

� Personal Loans to non-permanent employees

working in the Organizations/Institutions

� Loan Type: Demand Loan

ELIGIBLE EMPLOYEE

Casual, Part Time and Contractual employees i.e., non-

permanent employees

• Minimum Net Monthly Income : Rs.10,000/-

• The salary account should have been with our Bank

for the last one year.

• Should be working continuously in the Organisation

/Institution for the last 3 years.

• Salary is credited in the account by the employer i.e.,

no cash payment of salary.

• For contractual employee, the minimum remaining

period of contact should be 12 months from the month

of Repayment Start Date.

Loan Amount 12 times the average of last 6 months’

salary credit in the account but not more than last

month’s salary credit in the account subject to

EMI/NMI : not exceeding 40%.

Minimum: Rs.50,000/-

Maximum:

(a) For NMI Income below Rs.50,000/- : Rs.2.00 lacs

(b) For NMI Income of Rs.50,000/- and above : Rs.5.00

lacs.

Repayment Period: Non-Permanent Employees other

than Employees on Contract basis :Maximum 36

months.

For Contractual employees: 36 months or the remaining

period of expiry of Contact, whichever is lower.

However, Contractual employee should have minimum

12 months service left for expiry of the contract

Processing Fee : 1.00 % + ST of the loan amount.

Minimum: Rs.500/-+ST

Security: Third Party Guarantee worth the amount of

loan


DEC 31, 2017


XPRESS CREDIT SCHEME-SBI INSTA CREDIT

(e-circular no- 1126/2017 – 18 dtd 26/12/17)

SBI Insta Credit” to be offered to pre-selected Xpress

Credit Loan customers on Internet Banking (INB)

Platform

Eligibility:- Existing Xpress Credit Loan Borrowers who

fulfill the following conditions will be offered “SBI Insta

Credit TopUp Loan”

> Minimum existing Xpress Credit Loan Limit of Rs 1 lac

> Minimum residual maturity of Xpress Credit Loan 1

year

>Satisfactory repayment record of at least 1 year

>The customer should not have an existing Top up Loan

>No instance of the Xpress Credit Loan slipping to

RG3 and beyond in last 1 year

>Repayment of Loan will be only through SI.

Validity of Offer:>The offer will be made to preselected

customers onour INB Platform which will be valid for a

period of 3months from the date of activation of the

offer. A fresh list of eligible customers will be extracted

at the end of each quarter and a suitable message

conveying new offers will be shown on the INBPlatform.

>The offer message will not be shown to the ineligible

Customers

Loan Amount :-20% of Xpress Credit Limit (Existing Loan

Limit) Minimum: Rs 20,000 ,Maximum: Rs 3,00,000

Facility:-Overdraft (with Reducing DP)

Loan tenure:

Residual Maturity Loan Tenure

12 months – 35 months 1 year (12 months)

36 months – 48 months 3 years (36 months)

>At any point of time, only 1 “Insta Credit Topup Loan”

will be allowed.2nd

loan after one year of 1st

loan and

closure of 1st

loan.

Repayment period:-3 years by automatic setting up of

S.I

FESTIVAL LOAN SCHEME

Employees with min. 2 yrs service; Self employed with

min. 3 yrs standing. NMI of Rs 3000 & above

Min loan- Rs.5000; Max - Rs.50,000 subject to 4 times

the NMI. Loan up to Rs.1 lakh to individuals who are

either employees and provide check off

facility or are well established self employed

whose dealings with us is satisfactory.

Type of loan: DL

Repayment: 12 EMIs

Security: Primary: Nil; Collateral: Personal guarantee of

spouse or 3rd party of adequate worth where check off

is not there.

LOAN AGAINST MORTGAGE OF IMMOVABLE

PROPRERTY

Criteria Guidelines

Eligibility IT assessee individual owning a property

in his own name or third party (may be a

firm of pvt ltd co), NRI customer also

eligible

Max Age 60 years

Income Min NMI- 25000/-

Min NAI- 3.00 Lakhs

Margin 40 % of market Value of Property [As per

Bank's approved valuer's report not

more than 3 months old.]

Facility Term Loan. No OD.

Loan

Amount

a)Max: Rs 2.00 Cr

For Tier I and Tier II Cities

b) Max : Rs 1.00 Cr

Rest of India.

c) Max Rs: 50 lakhs for Bhubaneswar,

North East and Bengal Circles (excluding

those cities which are covered under

Tier I and II cities)

Processing

Fee

1.01% of the loan amount.

Max of Rs 50933/- (inclusive of service

tax)

EMI/NMI Not to exceed 50%

Valuation

Frequency

To be done every 3 years

Repayment

Period

With check off: maximum of 120 months

[or date of retirement, whichever is

earlier]

Without out check off: 72 months.

Where check off is not available,

ECS/PDCs should be obtained.

(Sanctioning Authority may permit

longer repayment period up to 84

Months)

Other

Conditions

Property should be SARFAESI compliant.

Not to be sold in States where SARFAESI

not applicable.

CERSAI Verification of the property to be

done.

Property should be within a radius of 25

KM from the Branch.

No 2nd

/ Pari Passu charge allowed.

I-Probe of customer mandatory.

Take over allowed.

Prepayment Charge- 2%

E Cir no 1283/2013 – 14 dt 22/02/2014

SBI GOLD LOAN

Age – Min 21 Yrs; Proper Introduction & Capacity to

service the Interest

Repayment (DL) –Maximum36 months. The

repayment of Principal and Interest should commence

from the month following the month of disbursement.

Min Loan- Rs 20,000/-

Max Loan- 20 lakhs

Margin- 25%

Int Rate- 2.90 % above BR

Loan not granted against the security of primary gold,

i.e., 24 carats gold bars and biscuits

Can be granted against specially minted gold coins sold

by Bank as RBI clarified that it need not be treated as

‘Bullion’. However, RBI has advised the banks that while


DEC 31, 2017


granting advance against the security of specially

minted gold coins sold by them, bank should ensure

that the weight of coin(s) does not exceed 50 grams per

customer.

Processing Fee- 0.50% of the Loan amount + GST or Rs

500 + GST whichever is higher.

> Branch Cash Officer/ Award Officer is responsible for

genuineness and purity (by use of Touchstone/ Nitric

Acid/ Sp. gravity method). Karatometer is also used to

assess quality of the gold.

>Insurance for gold held as per Gold Retention Limit at

branches will be taken on a centralized basis through

Mumbai LHO w.e.f. 1st April along with cash as per Cash

Retention Limit held at branches as on 31st March, each

year based on the data / information provided by Circle.

Insurance cost is presently borne by the Bank and will

continue to be absorbed by the Bank.

> Now Quarterly verification of Personal Gold loan

ornaments quality and number to be done by an official

other than Joint custodians at the Personal Gold Loan

intensive branches.

> Requests for loans should be tactfully denied in case

there is even the slightest doubt regarding the

ownership of the ornaments.

SBI Personal Liquid Gold Loan Facility:- Overdraft with a provision of Cheque Book

(facility Current Account Cheque Book)INB customers

having transaction rights availing gold loan under Liquid

Gold Loan Scheme should be advised that they can

transact in the account through their INB platform

Review after every 12 months.

Min Loan- Rs 20,000/-

Max Loan- 20 lakhs

GOLD LOAN-BULLET REPAYMENT

Purpose:-A scheme for non-agricultural end use

against collateral security of gold ornaments & jewellery

including gold coins (weight of coins not to exceed 50

grams per customer).

Eligibility: Individuals who are 21 years of age with

steady income.

Loan Limit:- Min: Rs 20,000/-Max: Rs 20 lakhs

Type of Loan:-Demand Loan

Repayment Period: Max: 12 months

Repayment Mode: Bullet Repayment of Interest and

Principal at the end of the term. Interest will be charged

to the account at monthly rests but will become due for

payment along with principal only at the maturity

Margin: 35%

Rate of Interest: Floating: MCLR (1 Yr) + 21 BPS

BHAGYA REKHA

Demand Loan to women only against Savings in

Recurring Deposit (At least 12 Months Old)

Loan - Twice the balance outstanding in the RD

account; Min Rs.5,000/- Max Rs.50,000/-

RD Term – 36 Months – Min Installment Rs 400/- – Min

Loan 10000/-

RD Term – 60 Months – Min Installment Rs 200/- Min

Loan 5000/-

Clean portion of loan to be repaid in 24 or 48 months,

rest to be recovered from Maturity Value

SBI PENSION LOAN

(e-cir 817/2014-15 dtd 09/10/2014)

SBI Loan to pensioners and SBI Loan to Affluent

Pensioners have been merged and a new pension loan

scheme named SBI Pension Loan has been launched.

Min Loan - Rs 25,000

Max Loan - 18 Month’s Pension ,with a ceiling of Up to

72 yrs- 14.00 Lakhs, Above 72 and up to 74 yrs- 12.00

Lakhs, Above 74 and up to 76 yrs- 7.50 Lakhs, EMI/NMP-

Not to exceed 50%

Max Loan to Family Pensioners- 18 Month’s Pension

,with a ceiling of up to 72 years- 5.00 lakhs, 72 to up to

74 years- 4.50 Lakhs, 74 to up to 76- 2.50 Lakhs,

EMI/NMP not to exceed- 33%

Repayment- For Both Pensioners & Family Pensioners

Age at the Time

of loan sanction

Repayment

Period

Age at the time of

full repayment

Up to 72 years 60 months 77 years

More than 72

years and up to

74 years

48 months 78 years

More than

74 years And up

to 76 years

24 months 78 years

ROI- 3.50 % above Base Rate

Processing Fee- 0.51%, Min 250/-, Not applicable to SBI

Pensioners.

Top Up Loan- May be sanctioned to Pensioners and

Family Pensioner after 1 year of disbursement of 1st

loan, subject to satisfactory conduct of loan, Max 2

Pension loan permitted at one time subject to overall

EMI/NMI of 50% or 33% in respective case.

JAI JAWAN PENSION LOAN

(Circular no-198/2016 - 17Circular No. : NBG/PBU/PL-JAI

JAWAN/15/2016 -17Wednesday,May 11,2016.)

Eligibility- Loan for Pensioners of Armed Forces - Army,

Navy and Air Force & Paramilitary Forces - Coast

Guards, Rashtriya Rifles, CRPF, BSF, ITBP, etc.

Age – There is no minimum age bar under the scheme.

The Maximum age at the time of availment of loan

should be 76 years

Loan amount –Minimum Rs.25,000/-

A. Maximum of 36 months’ pension with a ceiling of

Rs.14.00 lacs for pensioners who are up to 56 Years of

age.

B. Maximum of 18 months’ pension with a ceiling of

(i) Rs.14.00 lacs for pensioners who are above 56 years

and up to of 72 years of age

(ii) Rs.12.00 lacs for pensioners who are above 72 years

and up to 74 years of age

(iii) Rs.7.50 lacs for pensioners who are above 74 years

and up to 76 years of age.

EMI/NMP(net monthly pension) not to exceed 50%.


DEC 31, 2017


Repayment –

Age at the time

of

Loan sanction

Repayment

Period

Age at the time

of full

repayment

Up to 56

years

84 months 63 years

More than

56 years

and up to

72 years

60 months 77 years

More than

72 years

and up to

74 years

48 months 78 years

More than

74 years

and up to

76 years

24 months 78 years

Type of Loan:-Term Loan

Loan may be sanctioned at Non-Home branch also but

non-home branch make aware the Home Branch about

sanction of Pension Loan.

Fresh Loans can be taken after liquidating the first loan

only after 12 months.

Security- Primary- Nil, TPG- Spouse eligible for Family

Pension, in absence of spouse- other family member or

Third party worth the amount.

NEW SCHEME - PENSION LOAN TO COAL MINES

PROVIDENT FUND (CMPF) PENSIONERS:

(Cir. No-1249/2016 - 17Circular No. : NBG/PBU/PL-

PENSION/66/2016 – 17 Thursday, December 22,2016)

Parameters Description

Eligibility All CMPF Pensioners (Except Family

and Children Pensioner)whose

pension accounts are maintained with

the SBI.

Loan Amount Minimum Rs.25,000/-

Maximum: 18 months’ Net Monthly

Pension (NMP) but not exceeding

Rs.3.00 lacs, subject to EMI/NMP not

exceeding

50%.

Age Maximum Age at the time of Sanction

of Loan : 65 Years

Margin Nil

Security Third Party Guarantee of a person

good for the loan amount who has

been maintaining a satisfactorily

conducted account with the

Bank;preferably

spouse/son/daughter of the

pensioners.

Facility Demand Loan

Processing

Fee

0.50% of the loan amount, Minimum :

Rs.500/- + ST

Risk

Mitigation

The loan processing Branch on receipt

of the loan application and copy of the

PPO from the Pensioner would

request Dhanbad Branch to fax/mail

the duly

certified scanned copy of the PPO and

copy of the latest Life Certificate held

by them to cross check the

genuineness of the PPO, to ascertain

the age and to avoid

any impersonation.[No loan will be

sanctioned unless PPO submitted by

the Pensioner is cross checked by the

Branch with the certified copy of PPO

received from Dhanbad Branch ]

Repayment 60 EMIs

OVERDRAFT FACIITY IN SALARY PACKAGES

USPs of the product is the availability of Overdraft

facility in the Salary Package (Savings) account, on the

following terms and conditions. a) The salary account

holder should be a permanent employee of the

Corporate/ Organisation. Have minimal residual service

of 6 months b) The Salary account should be KYC

compliant. c) the nature of OD will be “Clean OD”,

without any collateral. d) Overdraft will be limited to 2

month’s Net Salary e) Overdraft limit will be restricted

to maximum limit under Silver, Gold, Diamond and

Platinum variant as follows:

Variant Maximum Limit

Silver Rs.40,000/-

Gold Rs.75,000/-

Diamond Rs.1,50,000/-

Platinum Rs.2,00,000/-

f) The overdraft will be allowed only to those Salary

Package accounts where salary credits are received for

past 6 consecutive months

g) The overdraft account is to be liquidated from salary

credit of subsequent months within a maximum period

of six months by way of DP reduction.

h) Rate of interest: As advised by the Bank from time to

time.

i) No processing fee will be recovered.

j) Can be converted into a Xpress Credit loan, subject to

compliance with the eligibility criteria for Xpress Credit

Loan Scheme.

LOAN FOR SUBSCRIPTION TO IPOs

For funding subscription to IPOs of PSUs and Public

Limited Companies.

Eligibility: New customers with sufficient cash flow

evident by last 2 yrs IT Returns & satisfy KYC norms. Old

Customers satisfactorily availing loan. Amount of Loan:

Min- 50% of application money stipulated in IPO, Max-

up to 1.00 lakh per IPO subject to a max of 10.00 lakhs

per person. Total exposure to the shares, convertible

bonds, convertible debentures and units of equity of

oriented mutual funds to individuals from banking

system should not exceed the limit of Rs. 20 lakhs.


DEC 31, 2017


Margin: 50%

Security: Lien on shares if allotted

Repayment: Within 30 days of allotment.

Type of Loan: Demand Loan.

Processing Fee- 1st

loan-511/-, subsequent loan- 101/-,

after 3 loans- Nil.

LOAN AGAINST NSCs/KVP

Facility- DL or OD

Margin- a) Staff/ Bank Pensioners- 15% of face value

plus accrued interest of NSC VIII issue/KVPs.

b)Public- 40% of face value plus accrued interest of NSC

VIII issue/KVPs.)

Repayment - A suitable repayment schedule is to be

fixed. At no point of time, the outstanding in loan a/c

should exceed the maturity value of the certificates

pledged. [Otherwise a/c will be treated as NPA.]

Loan Amount:

60% of Face value together with accrued interest for

public.No ceiling on maximum loan amount provided

stipulated margin is maintained.

Security: The NSCs/KVPs are required to be transferred

by the issuing Post Office as a security in the name of

the bank.Discharge of the holder on the reverse of NSCs

/KVPs is not considered necessary.Third party loans

against NSCs/KVPs may be considered on merits of each

case.

EQUITY PLUS

The “Equity Plus” scheme has been devised exclusively

for employees of the leading Public Sector Undertakings

(PSUs), who desire to avail Bank’s finance for purchasing

their company’s shares offered either under ESOP or

IPO.

@ Check Off facility must

@ Undertaking from DDO to obtain NOC from Br before

releasing terminal/ superannuating benefits

Max Loan-90% of the purchase price of the shares

subject to a maximum of 18 months NMI.

Repayment- Max 60 EMIs.

Processing Fee- Rs 2040/- per application.

ADVANCE AGAINST RBI RELIEF BONDS

Type of RBI Relief Bonds:The Government of India has

allowed for pledge/ hypothecation/ lien of the bonds

issued under the following schemes as collateral:

● 7% Savings Bonds 2002

● 6.5% Savings Bonds 2003

● 8% Savings (Taxable) Bonds 2003

Individuals aged over 21 with an assured income

including NRI. To meet investor’s credit needs;

personal/ business needs & contingencies.

Authorised branches:-All branches in Metro and Urban

centres are authorised to give loan under the scheme.

Any other branch authorised by GM of the network.

Margin -Public: 40%, Staff / Bank’s Pensioners: 35% on

bonds less than 2 years old and 20% on Bonds which are

2 years old or more. Margin can be reduced to 15% and

a term loan account opened if loan is repaid in monthly

installments through check-off.

No repayment is compulsorily proposed. Non-payment

of interest will not attract IRAC norms. However,

borrower has the option to repay even prematurely.

The loan to be liquidated out of maturity proceeds of

bonds.

@ Securities must be endorsed/ transferred by the

beneficiary to the bank.

ADVANCE AGAINST DEMAT UNITS OF OPEN ENDED

SCHEMES OF SBI MUTUAL FUND

All individuals over 18 years of age (except NRIs)

Max Age-65 with Min. NMI of Rs.5000 / Min. NAI of

50000.

Limit- Min- Rs.25000;

Max. Max: (a) Equity/ Hybrid/ ETF MF: Rs 20,00,000/-

(b) Debt/ FMP MF: Rs 5,00,00,000/-

Margin: (a) Equity/ Hybrid/ ETF MF: 50%

(b) Debt/ FMP MF: 15%

Processing Fee: 1.01% of loan amount.

>Loan against Tax Savings Fund to be given only after

the lock in period has expired.

>67 Branches located in 40 cities are authorized to

sanction loans under the Scheme Type: Overdraft facility with auto renewal/review every

year. The facility of ATM-cum-Debit card, INB & Cheque

book can be extended on the Overdraft account. Security- Lien on the units.

ADVANCE AGAINST LIFE INSURANCE POLICY

Eligibility- In force policy in the name of borrower

issued by LIC, SBI Life or Department of Post Office.

Excluded- policy under Married Woman Property Act,

1874

Margin- 5% of Surrender value of Policy

Type : DL or OD

Repayable-Within 3 yrs

Other Criteria- a) Policy to be unencumbered & in full

force (premium must have been paid up to date). Age of

the insured to have been admitted in the policy.

b) Assignment in favour of Bank on the policy itself. If

assignment is done on a separate paper it attracts ad

valorem stamp duty.

c) LIC’s acknowledgement to be obtained. OD may

be granted against an endowment policy, anticipated

endowment policy; policy issued by the Postal

department.

d) Advance against Whole Life Policy should be

discouraged. .

f) Standing Instruction should be obtained for payment

of the premium so as to policy may not lapse on

account of nonpayment of premium.

LOAN AGAINST THE UNITS SBI DEBT FUND SERIES

Product SDFS Short

Duration

SDFS Long

Duration

Type of Loan DL/OD

Age Min-21, Max-65

Income (Min) NMI-5000/-, NAI- 50000/-

Max Loan Min-10000/- Max-20.00 lakhs


DEC 31, 2017


subject to 10 time NMI/ 1 time NAI.

Margin 30% 50%

Security Lien on units

Repayment 12 EMI 36 EMI

Processing fee 0.51%, min Rs 101/-

Valuation The security should be marked to

market on a weekly basis i.e., the

value determined based on the

lower of NAV / repurchase price on

any day of the week.

RENT PLUS

Purpose- Financial assistance to the owners of

residential buildings/commercial properties to meet

their liquidity mismatch against assignment of future

rentals of such buildings/properties.

Eligibility Individual

Facility TL

Type of

Property

SARFAESI compliant Properties located

in Metro/Urban/Semi- urban/Rural

areas.

Plan approval and other related

permission for the property from

appropriate authority need to be in

place.

(a)The residential

buildings/commercial properties which

are to be rented or already rented to

MNCs / Banks / Large & Medium size

Corporates. The Network GM is vested

with the discretion to consider cases of

other types of lessees

(b)However, the properties should not

be or have been leased to Schools,

Colleges, Orphanages, Hospitals, Old

Age Homes, Nursing Home or any

other Social Sector Infrastructure.

Valuation Every 3 years

Margin 25%

Processing

Fee

2.02% of the loan amount subject to a

maximum of Rs.101865/- to be

recovered upfront

Repayment 10 years or the residual lease period

whichever is less

Inspection Half yearly by F.O and Yearly by

MOD/BM

Loan Amount Min- 50,000/-

Max- Non Metro Property- 5 cr

Metro Property- 7.5 Cr

Scale of

finance

Lowest of :

i. 75% of realizable value of the

property mortgage (as per latest

valuation report of the Bank’s

Approved valuer).

ii. Maximum permissible under the

Scheme.

iii. 75% of [total rent receivable for the

residual lease period or loan period,

whichever is lower minus total of

advance deposit, estimated amount of

property tax, service tax, TDS and

other statutory dues for the

period].

Applicability i. All Scale IV branches and above and

PBB

ii. CMC may identify Scale III branches

also.

Security Primary- Assignment of Rent

Receivables

Coll- EM of let out property or any

other acceptable property. Coll may be

waved in eligible cases.

LOANS TO EMPLOYEES TO PURCHASE ESOPs OF THEIR

OWN COMPANY

Eligibility- permanent employee with min 2 years

service and min 3 years residual service.

Loan Amount- Lower of 90% of purchase price or Rs 20

lakhs

Margin- 10% of offer price

Facility- Demand Loan

Repayment- Within 3 years in EMI. A 12 month

moratorium may be given.

Security- Lien in Demat a/c

Processing fee- Rs2040/- per application

LOANS AGAINST GOVERNMENT SECURITIES

Govt Securities- Government Securities may be in the

form of Govt. Promissory Notes or Govt Stock

Certificates.

Margin- 10% to 15% on the Market Value of the Govt.

securities.

Facility- TL/OD

Loan Amount- Min-1000/-, then in multiple of 100/-

LOANS AGAINST BANK’S TIME DEPOSITS

TDR/STDR (including NRE/NRO/FCNB deposits)

RD (Accounts with balance of Rs.100/- & above only

eligible including NRE/NRO Deposits)

No loan will be granted against RFC deposits

Margin- 10%

Loan Amount- 90% of Principle+accr int

Security- Lien on the Time Deposit

>Multiple Demand Loans against the same TDR/STDR

can be permitted so long as the sum total of the limits

of all the Demand Loan accounts will be within the

permissible limit of the Demand Loan against the

TDR/STDR. The sanctioning authority can however allow

maximum of four such Demand Loans. In special cases

the AGM/RM can permit a fifth loan.

>If interest servicing is not done for advances against

STDRs for more than 3 months, available cushion i.e.

prematurity payment due less outstandings shall be

worked out and if it is less than 2%, loan a/c must be

closed forthwith by making premature payment of


DEC 31, 2017


STDR. A simple letter of undertaking as prescribed shall

be taken from each borrower for this purpose.

Rate of Interest:-The interest charged on the advance

against the Bank’s term deposit receipts + where the

relative deposits are subsequently withdrawn

prematurely, should be adjusted in such a way that the

interest charged on the advance works out to 1.00% [or

as applicable] over the rate at which interest is actually

paid on the deposit.

As a general rule, no advance should be granted

against the security of Term Deposit Receipts issued by

other banks.

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