Sbi project mmmimp

LOANS EVERY MAN’S NEED TODAY

LOAN

Loan is a type of debt. All material things can be lent but this article focuses exclusively

on monetary loans. Like all debt instruments, a loan entails the redistribution of financial

assets overtime, between the lender and the borrower. The borrower initially receives

an amount of money from the lender, which they pay back, usually but not in regular

installments, to the lender. This service is generally provided at cost, referred to as

interest on the debt.

Acting as a provider of loans is one of the principal task of financial

institution. For other institution issuing of debt contracts, such as bond is a typical

source of funding. Bank loans and credit are one way to increase the money supply.

Other types of debt include mortgages, credit card debt, bonds, and lines of credit.

A mortgage is a very common type of debt instrument, used by many individual to

purchase housing. In this arrangement, the money is used to purchase the property. The

bank, however, is given the title to the house until the mortgage is paid off in full. If the

borrower defaults on the loan, the bank can repossess the house and sell it, to get their

money back.

Abuse in the granting of loans is known as predatory lending. It usually

involves granting of a loan in order to put the borrower in a position that one can gain

advantage over him or her.

Jisa Fernandes T.Y.BBI (V- Semester) 1


STATE BANK OF INDIA (SBI)

STATE BANK OF INDIA is the largest bank in India. It is also measured by the

number of branch offices and employees, the largest bank in the world. With an asset

base of $126 billion and its reach, it is a regional banking behemoth. It has laid emphasis

on reducing the huge manpower through golden handshake schemes and computerizing

its operation

HISTORY OF SBI

State bank of India are traceable to the first decade of 19 th century, when the

bank of Calcutta, later renamed as bank of Bengal, was established on 2nd June 1806. It

remains the oldest commercial bank in Indian subcontinent and also the most successful

one providing various domestic, international and NRI products and services, through its

vast network in India and overseas.

The RBI, which is the central banking organization of India, in the year 1955,

acquired a controlling interest in the imperial bank of India and the imperial bank of

India was christened on 30yh April 1955 as the state bank of India. This acquisition of

the controlling interest was done pursuant to the provision of the state bank of India act

1955, an act enacted by the parliament of India.

GROWTH OF SBI

State bank of India has often acted as a guarantor to the Indian

governments, most notably during Chandra shekhars tenure as prime minister of India.

With more than 9400 branches and a further 4000 + associate bank branches, the SBI has

extensive coverage. State bank of India has electronically networked most of its

branches. The bank has one of the largest ATM network in the region. The state bank of

India has had steady growth over its history, though it was marred by the Harshad Mehta

scam in 1992. In recent years, the bank has sought to expand its overseas operations by

buying foreign banks. It the only Indian bank to feature in the top 100 world banks in the

fortune global 500 rating and various other rankings. According to the Forbes 2000

listing its tops all Indian companies.


http://www.statebankofindia.com/index.htm


SBI TODAY

Today, state bank of India has spread its arms around the world and has a

network of branches spanning all time zones. SBIs international banking group delivers

the full range of cross border finance solutions through its four wings- the domestic

divisions, the foreign office division, the foreign department and the international service

division.



LOANS PROVIDED BY STATE BANK OF INDIA (SBI )

SBI SARAL PERSONAL LOAN

HOUSING LOAN

SBI- HOME LOAN

SBI-FLEXI HOME LOAN

SBI-MAX GAIN HOME LOAN

SBI-REALITY HOME LOAN

SBI-FREEDOM HOME LOAN

SHORT TERM HOUSING LOAN

EASY TRAVEL LOAN

CAR LOAN

EDUCATION LOAN

SCHOLAR LOAN

PROPERTY LOAN

LOAN TO PENSIONERS

LOAN FOR EARNEST MONEY DEPOSIT

FESTIVAL LOAN

LOAN AGAINST SHARES/DEBENTURES


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SBI SARAL PERSONAL LOAN

Funds readily available whenever desire or need, be it a sudden vacation that you plan

with your family or urgent funds required for medical treatment? SBI Saral - Personal

Loan is the answer for those questions.

Advantage of saral personal loan

Low interest rates. Further, we charge interest on a daily reducing balance!!

Low processing charges; only 1%-2% of loan amount

No hidden costs or administrative charges.

No security required ……which means minimal documentation…

something that you had always wanted.

No prepayment penalties. Reduce your interest burden and optimally

utilize your surplus funds by prepaying the loan (1% of the loan amount will

be charged if you repay the loan before 6 months)

Long repayment period of up to 48 months.

The Scheme

Purpose

The loan will be granted for any legitimate purpose whatsoever (e.g. expenses for

domestic or foreign travel, medical treatment of self or a family member, meeting any

financial liability, such as marriage of son/daughter, defraying educational expenses of

wards, meeting margins for purchase of assets etc.)

Eligibility

you are eligible if you are a Resident Indian of National having capability to repay a

loan, except agriculturists.

Loan Amount

Your personal loan limit would be determined by your income and repayment capacity.

Minimum: Rs.24, 000/- in metro and urban centres

Rs.10, 000/- in rural/semi-urban centres



Maximum: 12 times Net Monthly Income for salaried individuals and pensioners and 1

year's Net Annual Income in case of others, subject to a ceiling of Rs.10 lacs in all

centres

Documents Required

Important documents to be furnished while opening a Personal Loan Account:

For existing bank customers

Passport size photograph

From salaried individuals

Latest salary slip and Form 16

From Self-employed individuals and Professionals

IT returns for the last two financial years,

Proof of Professional Qualification

Copy of highest professional degree held

Proof of official address. This can include shop and establishment

certificate/Lease deed/Telephone Bill.

Margin

SBI does not insist on any margin amount.

Interest Rates

3% above SBAR floating i.e. 13.75% p.a.

Repayment

The loan is repayable in 48 EMI. You are allowed to pay more than the EMI if you wish

to, without attracting any prepayment penalty.

Security

NIL

Processing Fee

Processing charges are 1-2% of the loan amount. This is amongst the lowest fees in the

industry. Processing fees have to be paid upfront. There are no hidden costs or other

administrative charges.



HOUSING LOAN

Home is where the heart is! At SBI, they understand this better than most – the toil and

sweat that goes into building/ buying a house and the subsequent pride and joy of owning

one. This is why SBI Housing loan schemes are designed to make it simple for you to

make a choice at least as far as financing goes!

‘SBI-Home Loans’

Unique features:

No cap on maximum loan amount for purchase/ construction of house/ flat

Option to club income of your spouse and children to compute eligible loan

amount

Provision to club expected rent accruals from property proposed to compute

eligible loan amount

Provision to finance cost of furnishing and consumer durables as part of project

cost Repayment permitted upto 70 years of age

Free personal accident insurance cover

Optional Group Insurance from SBI Life at concessional premium (Upfront

premium financed as part of project cost)

Interest applied on daily diminishing balance basis

‘Plus’ schemes which offer attractive packages with concessional interest rates to

Govt. Employees, Teachers, Employees in Public Sector Oil Companies.

Provision for downward refixation of EMI in respect of floating rate borrowers

who avail Housing Loans of Rs.5 lacs and above, to avail the benefit of

downward revision of interest rate by 1% or more

In-principle approval issued to give you flexibility while negotiating purchase of

a property

Option to avail loan at the place of employment or at the place of construction

.Complimentary international ATM-Debit card

Complimentary SBI Classic/ International Credit Card with waiver of joining and

first year’s fees

Option for E-banking



Concessional package under ‘Credit Khazana’ for prospective car loan borrowers

whose accounts are conducted satisfactorily

50% concession in charges in respect of all personal remittances/ collection of

outstation cheques

Purpose

Purchase/ Construction of new House/ Flat

Purchase of an existing House/ Flat

Purchase of a plot of land for construction of House

Extension/ repair/ renovation/ alteration of an existing House/ Flat

Purchase of Furnishings and Consumer Durables as a part of the project cost

Takeover of an existing loan from other Banks/ Housing Finance Companies

Eligibility

Minimum age 18 years as on the date of sanction

Steady source of income

Loan Amount

Applicant/ any one of the applicants are aged over 21 years and upto 45 years –

60 times Net Monthly Income (NMI) or 5 times Net Annual Income (NAI),

subject to aggregate repayment obligations not exceeding 57.50% of NMI/ NAI

Applicant(s) aged over 45 years of age– 48 times NMI or 4 times NAI, subject to

aggregate repayment obligations not exceeding 50%of NMI/ NAI

To enhance loan eligibility you have option to add:

Income of your spouse

Income of your son/ daughter living with you, provided they have a steady

income and his/ her salary account is maintained with SBI

Expected rent accruals (less taxes, cess, etc.) if the house/ flat being purchased is

proposed to be rented out

Regular income from all sources


http://www.statebankofindia.com/viewsection.jsp?lang=0&id=0,1,20,115#%23%00


Margin

Purchase/ Construction of a new House/ Flat/ Plot of land: 15%

Purchase of an existing House/ Flat: 15%

Repairs/ Renovation of an existing House/ Flat: 20%

Processing Fee

0.50% of Loan amount with a cap of Rs.10, 000/-(including Service Tax)

Prepayment Penalty

2% of the loan prepaid if the loan is preclosed before expiry of half the original tenure.

Security

Equitable mortgage of the property other tangible security of adequate value like NSCs,

LIC policies etc., if the property cannot be mortgaged

Maximum Repayment Period

For applicant’s upto 45 years of age: 20 years

For applicants over 45 years of age: 15 years

Moratorium

Upto 18 months from the date of disbursement of first installment or 2 months after final

disbursement in respect of loans for construction of new house/ flat (moratorium period

will be included in the maximum repayment period)

Disbursement

In lump sum direct in favour of the builder/ seller in respect of outright purchase

In stages depending upon the actual progress of work in respect of construction

of house/ flat etc.




Documents

Completed application form


Proof of Identity – PAN Card/ Voters ID/ Passport/ Driving License

Proof of Residence – Recent Telephone Bill/ Electricity Bill/ Property tax

receipt/ Passport/ Voters ID

Proof of business address in respect of businessmen/ industrialists

Sale Deed, Agreement of Sale, Letter of Allotment, Non encumbrance

certificate, Land/ Building Tax paid receipt etc. (as applicable and subject to

satisfaction report from our empanelled lawyer)

Copy of approved plan and approval from the Local Body

Statement of Bank Account/ Pass Book for last 6 months

‘SBI-Flexi’ Home Loans

A customized product designed to enable borrowers to hedge their Home Loan against

unfavorable movement in interest rates. The product gives you a one time irrevocable

option to choose one of the three customized combinations of fixed and floating interest

rates and also to choose the order in which the fixed and floating rate will be availed.

Minimum Loan Amount: Rs.5 lacs

SBI-Maxgain’ Home Loans

An innovative and customer-friendly product to enable you to earn optimal yield on your

savings and minimize interest burden on Home Loans, with no extra cost.

The loan is granted as an Overdraft facility with the added flexibility for you to operate

your Home Loan Account like your SB or Current Account.

The product serves to minimize your interest cost by enabling you to park your surplus

funds in ‘SBI-Maxgain’ (with the benefit to withdraw the surplus funds whenever you

require), specially in the wake of low yields from other deposit/ investment avenues.

Minimum Loan Amount: Rs.5 lacs





‘SBI-Realty’ Home Loans

A unique product if you are on the look out for a loan to purchase a plot of land for

house construction. The loan is available for a maximum amount of Rs.20 lacs* and with

a comfortable repayment period of up to 15 years.

You are also eligible to avail another Housing Loan for construction of house on the plot

financed above with the benefit of running both the loans concurrently.

(House should be constructed within 5 years from the date of availment of ‘SBI-Realty’

Housing Loan)

‘SBI-Freedom’ Home Loans

A revolutionary product designed for customers who are on the look out for a source of

finance for a property they want to invest in without mortgaging the same. All you have

to do is pledge any financial security that you have and you will get a Home Loan for

your dream home.

A must-take for those who do not want to pay stamp duty for mortgage of their property

or go through the

hassles of creation of mortgage.

You also have an option to take the loan by way of mortgage of the property and pledge

financial securities in lieu of margin money.

Repayment is highly customized, giving you the option to repay through regular EMIs or

through maturity proceeds of the securities pledged.




SHORT TERM HOUSING LOAN

Home is where the heart is! At, they know this better than most - the toil and sweat that

goes into building/buying a house and the subsequent pride and joy of owning one.

This is why their housing loan schemes are designed to make it simple for you to make a

choice at least as far as financing goes!

No hidden clauses or costs or unnecessary documentation. Our loans have the longest

tenors and our repayment terms are amongst the most flexible. they offer you a totally

transparent process and yes, there is no fine print! they even give you an in-principle

approval prior to identifying a house/flat, relieving you of the tension of anticipating the

approved amount!

Last, but not the least, they have specialized Housing loan branches to serve your needs

better.their newly opened personal banking branches also specalise in this.

You can avail of a housing loan for:

Purchase or construction of a new house/ flat.

Purchase an existing (old) house/ flat.

Extension, repair, renovation or alteration of a house/ flat.

Purchase a plot of land meant for construction of a dwelling unit.

Enjoy the SBI Advantage

Why should you opt for a housing loan from State Bank of India?

Excellent service and lower costs.

A quick survey of similar schemes available elsewhere and you will find that SBI

housing loans offer you the..

Lowest Equated Monthly Instalments (EMI)

Lowest interest rates, currently between 7.50% pa and 8.50% p.a. on daily

reducing balances




A nominal processing fee of 0.25% will be charged. Compare this with the 1.5%

- 2% charged by others.

No hidden costs or administrative costs

In-principle approval given prior to your identifying a house /flat, giving you

flexibility in choice.

Complete transparency - When we say our rate of interest is 8% p.a. you pay only

8%. When others say 8.5%, you may be paying even 10% p.a., as interest may be

levied even on the amounts you have already repaid. This is because we apply

interest on a daily reducing balance while housing finance companies/ other

banks mostly apply interest on annual reducing balance.

Purpose

You can take a loan for:

Purchase or construction of a new house/ flat.

Purchase an existing (old) house/ flat.

Extension, repair, renovation or elteration of a house/ flat.

Purchase a plot of land meant for construction of a dwelling unit.

Repayment of housing loan availed from other banks/financial institutions to

avail of the benefit of our low rates of interest.

Eligibility

You can avail of an SBI Housing loan if you are over 21 years of age and have steady

source of income.

Documents Required

You will need to furnish the following documents along with the completed application

form:







Proof of residence

(This applies only to new or non-bank customers, and could be either a PAN

identity card, voter identification card or passport)

Sale Deed/ Agreement of Sale

Bank account Statement or passbook, for the last six months

For employees or people in service, you also need to provide:

Salary certificate and other information, if any, about your repayment capacity

Form 16 or a copy of the Income Tax Returns for the last 2 years

For self employed and other IT assessees:

IT returns for the last 3 years· Receipts of advance tax paid

Any other information about your repayment capacity

In addition to the above mandatory documents, you are also required to furnish one or

more of the following documents wherever applicable:·

Letter of allotment from the housing board or society

Copy of the approved plan

Permission for construction

Copy of the relative order in the case of conversion of agricultural land. (not

required where the house/flat has been constructed by an approved builder)

In the case of an old existing house, you will need to get a valuation certificate

from approved valuers as well as a certificate from a government approved

architect /structural engineer regarding the condition of the flat/house well as its

remaining life. This will give you the comfort of knowing that the property you

are purchasing is of sound construction.

Loan Amount

While there is no ceiling to the amount of loan we sanction the actual loan amount is

determined on the basis of repayment capacity taking into account your income, age,

assets and liabilities. As a rule of thumb - Upto 60 times the net monthly income will be

sanctioned depending upon your age. Usually, your spouse's income and the expected

rental would also be taken into account.




Margin

Your contribution (margin) for the housing loan is as under: 15% for new house/ flat

20% for old house/ flat 20% for repairs and renovation.

Interest

Avail of the lowest interest rates in the market. We give you the option of locking in the

low interest rates for the full tenure of the loan or keeping your interest option open by

linking it to the Bank's Term Lending rate. Therefore, you could either avail the loan at a

fixed rate of interest, which stays constant throughout the loan period, or at a floating

rate of interest where the interest changes (increases or decreases) depending on changes

in the Bank's Term Lending Rate.

Repayment

In 60 Equated Monthly Instalments.Our repayment terms are amongst the most flexible

in the market. Depending on your age and capacity to repay, you could pay back the loan

in easy installments.You may prepay at will without attracting any penalty, or pay more

than your stipulated monthly installment at any time, depending upon availability of

funds with you. However, in case of takeover of loan by other banks/finance companies,

prepayment penalty of 2% may be levied.

If you have already taken a housing loan from any other bank/financial institution and

wish to benefit from our low rates of interest, we can take over your existing loan.

In-principle Approval

They also give in-principle approvals based on your income and capacity to repay, to

enable you to identify a house/ flat with full confidence.








EASY TRAVEL LOAN

Do you want funds readily available to you whenever you desire to go on a vacation that

you plan with your family or friends? SBI’s Easy Travel Loan is the answer to your

questions.

Enjoy the SBI Advantage:

Low interest rate. Further, we charge interest on a daily reducing

balance!!

Low processing charges; only 1% of loan amount.

Complete transparency; No hidden costs or administrative charges.

No security required ……which means minimal documentation…

something that you had always wanted

No prepayment penalties. Reduce your interest burden and optimally

utilize your surplus funds by prepaying the loan.

Long repayment period of up to 48 months.

Purpose

To meet any kind of Travel expense such as cost of ticket, hotel stay, visa, airport tax,

purchase of Basic Travel Quota, etc.

Eligibility

You are eligible if you are:

A State/Central Govt. Employee, employee of public sector undertaking/reputed

profit making public limited company, reputed institutions, MNC with a minimum

service experience of 2 years.

A self employed professional, with a minimum 2 years standing. You should be 60 years

of age or less.

A Pensioner of PSU/Govt. (Central/State)/Public Sector Bank who has taken premature

voluntary retirement and is 60 years of age or less

Agent of insurance/KVP/Mutual funds etc. with 3-5 years standing who is a tax assesse

and whose gross annual income exceeds Rs. 2 lacs.

A trader, who has cash flows to repay the loans and can provide suitable third party




guarantee, you should restrict your banking requirements to the branch where the loan is

proposed to be taken.

Salient Features

Loan Amount

Your personal loan limit would be determined by your income and repayment capacity.

Minimum: Rs.24,000/-

Maximum : 12 times Net Monthly Income for salaried individuals and pensioners and 1

year's net annual income in case of self employed professionals with the under noted

ceilings.

For Salaried individuals and self employed professionals: Rs.2.5 lacs (Rs.5 lacs in New

Delhi, Chennai, Bangalore, Hyderabad, Mumbai and Kolkata and can be further

increased to Rs.10 lacs if the self-employed professional maintains a satisfactorily

conducted account with our branch or the salary of individual is regularly credited to

their account with our Bank)

For pensioners: Rs.1.5 lacs

For members of business community: Rs.3.0 lac or 1 year’s net annual profit during the

preceding financial year, whichever is lower.

Documents Required

For existing bank customers

Copy of Passport (for overseas travellers)

Copies of Rail-tickets/Bus tickets/Air tickets and visas(for overseas travellers)

Copy of consolidated invoice containing ticket charges, insurance charges, other

sundry charges, etc.


For salaried individuals Latest salary slip and Form 16, for Self-employed

individuals and Professionals IT returns for the last two financial years.

Proof of Professional Qualification (for self employed professionals)

Copy of highest Professional degree held

For New Customer:

Important documents to be furnished while opening a Personal Loan Account:

Proof of Identity



Copy of Passport (for overseas travellers)

Copies of Rail-tickets/Bus tickets/Air tickets and visas(for overseas

travellers)


For salaried individuals Latest salary slip and Form 16 for Self-employed

individuals and Professionals IT returns for the last two financial years.

Proof of Residential address, this can include home and establishment

certificate/Lease deed/Telephone Bill.

Proof of Professional Qualification (for self employed professionals)

· Copy of highest Professional degree held

Margin

SBI do not insist on any margin amount.

Interest Rates

3% above SBAR Floating i.e.13.75% p.a.

Repayment

The loan is repayable in a maximum of 48 EMI. You are allowed to pay more than the

EMI if you wish to, without attracting any prepayment penalty.

Security

No security is needed except in the case of members of business community where

suitable third party guarantee is required.



CAR LOAN

Move ahead in life with SBI Car Loans! If you have been putting off purchasing that car,

they invite you to go through their Car Loans scheme.

Low interest rates, easy repayment options, total transparency, Low processing charges,

finance to include vehicle registration charges, insurance and one time road tax.

Well, what are you waiting for? Just step in to any of our branches (more than 6000) that

offer Car Loans or our Personal Banking Branches and give wheels to your desire!

You can apply for an SBI Car Loan to purchase :

A new car, jeep, Multi Utility Vehicle (MUV) or SUV (any make or model)

An old car / jeep / MUV /SUV (not more than 5 years old). (any make or model)

Enjoy the SBI Advantage :

Excellent service and lower costs. A quick survey of similar schemes available elsewhere

and you will find that SBI Car Loans for new and old vehicles offer you

Lowest interest rates

Longer repayment period of upto 84 months.

Low processing charges.


Finance for one-time road tax, registration fee and insurance premium

No advance EMIs.(Some Banks/companies ask you to pay one or more EMIs at

the time of disbursement of loan, thereby effectively reducing your loan amount.)

Complete transparency : We levy interest on daily reducing balance method.

When you pay one instalment, the interest is automatically calculated on the

reduced balance thereafter. When you pay interest on an annual reducing balance,

as charged by many other companies/banks, the interest amount for the coming




year is determined on the amount outstanding at the beginning of the year. You

continue to pay interest even on the amounts you repay during the year.

Purpose

You can take finance for A new car, jeep or Multi Utility Vehicles (MUVs)

An old car / jeep (not more than 5 years old).

(Any make or model)

Take over of existing loan from other Bank/Financial institution (Conditions apply)

Eligibility

To avail an SBI Car Loan, you should be

Individual between the age of 21-65 years of age.

A Permanent employee of State/Central Government, Public Sector Undertaking,

Private company or a reputed establishment or

A Professionals or self-employed individual who is an income tax assessee or

A Person engaged in agriculture and allied activities.

Net Annual Income Rs. 75,000/- and above.

Salient Features

Loan Amount

There is no upper limit for the amount of a car loan. It is limited only by your repaying

capacity. A maximum loan amount of 2.5 times the net annual income can be sanctioned.

If married, your spouse's income could also be considered provided the spouse

guarantees the loan the loan amount includes finance for one-time road tax, registration

and insurance! Loan amount for used cars is subject to a maximum limit of Rs. 15 lacs.

Documents Required

You would need to submit only the following documents along with the completed

application form if you are an existing SBI account holder:

Bank statement for the last 6 months

Two passport size photographs

Latest salary slip and Form 16, in the case of salaried persons





IT returns for the last two financial years, in the case of self employed individuals

and professionals

If you are not an account holder with SBI you would also need to furnish documents that

establish your identity and give proof of residence.

Margin

New/used vehicles 15% when loan is upto Rs.6 lacs

30% when loan exceeds Rs.6 lacs

Repayment

You enjoy the longest repayment period in the industry with us.

Repayment period for new vehicles : Maximum of 84 months

Repayment period for old vehicles : Up to 84 months from the date of original purchase

of the vehicle.

Processing Fee

0.50% of Loan amount , to be paid upfront




EDUCATION LOAN

A term loan granted to Indian Nationals for pursuing higher education in India or abroad

where admission has been secured.

Eligible Courses

All courses having employment prospects are eligible.

Graduation courses/ Post graduation courses/ Professional courses

Other courses approved by UGC/Government/AICTE etc.

Expenses considered for loan

Fees payable to college/school/hostel

Examination/Library/Laboratory fees

Purchase of Books/Equipment/Instruments/Uniforms

Caution Deposit/Building Fund/Refundable Deposit

Travel Expenses/Passage money for studies abroad

Purchase of computers considered necessary for completion of course

Cost of a Two-wheeler upto Rs. 50,000/-

Any other expenses required to complete the course like study tours, project work

etc.

Amount of Loan

For studies in India, maximum Rs. 10 lacs, Studies abroad, maximum Rs. 20 lacs

Interest Rate

For loans upto Rs.4 lacs - 11.00% p.a. Floating

For loans above Rs.4 lacs - 12.00% p.a. Floating

Processing Fees






No processing fee/ upfront charges

Deposit of Rs. 5000/- for education loan for studies abroad which will be

adjusted in the margin money

Repayment Tenure

Repayment will commence one year after completion of course or 6 months

after securing a job, whichever is earlier.

Place of Study Loan AmountRepayment Period

in Years

In IndiaUp to Rs. 7.5 lacs 5-7

Above Rs. 7.5 lacs 5-10

AbroadUp to Rs. 15 lacs 5-7

Above Rs. 15 lacs 5-10

Security

Amount Studies In India Studies Abroad

Upto Rs. 4 lacs No Security No Security

Above Rs. 4 lacs to

Rs. 7.50 lacs

Third Party

GuaranteeThird Party Guarantee

Above Rs. 7.50 lacs

to Rs. 10 lacs(India)/

Rs. 15 lacs(Abroad)

Tangible

Collateral

security for full

value of loan

Tangible Collateral

security of suitable

value of loan or third

party guarantee

Rs 15 lacs to Rs. 20

lacs___

Tangible Collateral

security for full value

of loan

Margin

For loans up to Rs.4.0 lacs : No Margin






For loans above Rs.4.0 lacs:

o Studies in India: 5%

o Studies Abroad: 15%

Documentation Required

Completed Education Loan Application Form.

Mark sheets of last qualifying examination

Proof of admission scholarship, studentship etc

Schedule of expenses for the specified course

2 passport size photographs

Borrower's Bank account statement for the last six months

Income tax assessment order, of last 2 years

Brief statement of assets and liabilities, of the Co-borrower

Proof of Income (i.e. Salary slips/ Form 16 e




PROPERTY LOAN

A dream comes true! An ALL PURPOSE LOAN for anything that life throws up at

you!! Do you need funds for a Marriage ceremony, want to take your family to a well-

deserved holiday or for a sudden medical emergency? You have some property, but

would rather not sell it? Then why not avail of this ALL PURPOSE LOAN from SBI?

SBI now makes it very much possible for you to only keep your property but also have

liquid funds.

Enjoy the SBI Advantage

Complete transparency in operations

Access this loan from our wide network of branches

Interest rates are levied on a monthly/daily reducing balance method

Lowest processing charges.

Long repayment period of 60 months, up to 120 months for salaried individuals

with check-off facility

No Hidden costs or administrative charges.

No prepayment penalties. You can have surplus funds at any time thereby

conveniently reducing your loan liability and interest burden.

Property Loan Scheme

Avail of an All-Purpose loan against mortgage of any of your property. We offer you

these loans at all our Personal Banking Branches and those branches having Personal

Banking Divisions amongst others.

Eligibility

You are eligible if you are:





A. An individual who is;

a An Employee or

b. A Professional, self-employed or an income tax assesse or

c. Engaged in agricultural and allied activities.

B. Your Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net Annual

Income (others) is in excess of Rs.1,50,000/-.

The income of the spouse may be added if he/she is a co-borrower or a guarantor.

C. Maximum age limit: 60 years.

Salient Features

Loan Amount

Minimum: Rs.25, 000/-

Maximum: Rs.1 crore. The amount is decided by the following calculation:

24 times the net monthly income of salaried persons (Net of all deductions

including TDS) OR

2 times the net annual income of others (income as per latest IT return less taxes

payable)

Margin

we will finance up to 75% of the market value of your property.

Interest

Term Loan 0.25% above SBAR. i.e.11% p.a. Floating

Current Account Overdraft 0.50% above SBAR. i.e.11.25% p.a. Floating

Repayment

Maximum of 60 equated monthly instalments, upto 120 months for salaried individuals

with check-off facility. You could opt to divert any surplus funds towards prepayment of

the loan without attracting any penalty.







LOAN TO PENSIONERS

If you are a Central or State Government pensioner drawing your pension through one of

our branches and are not more than 72 years of age, you can avail of a loan from your

branch to meet your personal expenses. We understand you may have an urgent or

unexpected need for funds or a family obligation to be fulfilled and appreciate your

association with us. You can avail a loan of up to a maximum of 12 months pension,

subject to a ceiling of Rs.1,00,000. The documentation is easy.

The loan may be repaid over 5 years and will carry a low interest rate of 10.75% p.a.

There are no processing fees, no hidden costs and no prepayment penalties.

Salient features of the Scheme:

Eligibility:

All Central and State Government pensioners, whose pension accounts are maintained by

our branches. The pensioner should not be more than 72 years of age.

Purpose :

To meet personal expenses .

Loan Amount :

A maximum of 12 months pension with a ceiling of Rs.1,00,000/-

Margin :

Nil

Security :

The spouse eligible for family pension should guarantee the loan or any other family

member or a third party worth the loan amount.

Repayment :

60 Equated Monthly Instalments (EMIs) – if age of Pensioner at the time of loan

sanction is upto 70 years

48 Equated Monthly Instalments (EMIs) – if age of Pensioner at the time of sanction is

between 70 – 72 years




Rate of Interest :

0.50% above SBAR Floating i.e. 11.25% p.a.

LOAN FOR EARNEST MONEY DEPOSIT

This product addresses the financial requirements towards Earnest Money Deposit to

book residential plots/ built-up houses/ flats being sold by Govt. Housing Agencies,

Urban Development Authorities like PUDA, HUDA and Housing Boards.

Scheme highlights

Easy availability of loan with minimum documentation.

Option to repay this loan from the proceeds of Housing Loan availed from SBI

Interest applied on daily diminishing basis.

No administrative charges or application fee.

Eligibility

Minimum age 21 years as on the date of sanction.

Steady source of income.

Maximum Loan Amount

Rs.100,000.

90% of application money, or

10 times Net Monthly Income of the applicant

Whichever is the least, subject to the following:

o One person can be financed only for one application at any point of time

o In case of applications in more than one name, incomes of all the applicants may

be taken into account

Security

Third party guarantee good for the loan amount.

Tangible security in the form of NSCs/ IVPs/ TDRs/ LIC policy/ SBI Life policy etc.

covering at least 50% of the loan amount.



Tangible security clause waiver considered in respect of permanent employees of

reputed public/ private sector organizations, where check-off is available.

Repayment

In case of unsuccessful applicants – on receipt of refund from the Housing Board/

Urban Development Authority.

In case of successful applicants – lump sum repayment of the loan out of Housing Loan

availed from us for purchase of house allotted to you or for construction of house on

the plot allotted.

No penalty for prepayment.

Rate of Interest

1% above SBAR, present effective rate of interest being 11.25% p.a.

Processing Fee

0.5% of the loan amount (minimum Rs.100/-)

Disbursement

The loan would be disbursed by issuance of draft/ banker’s cheque favouring the

concerned Government Agency.

Documents

Letter of allotment from the concerned Housing Agency, Urban Development

Authority or Housing Board

Photograph

Proof of Identity*

-Voters’ I-card/ Passport/ Driving License/ PAN Card etc.

Proof of residence*

-Passport/ Driving License/ PAN Card/ Ration Card

-Any other satisfactory proof of residence

Proof of Income



*not required if the applicant is maintaining an account with us

SCHOLAR LOANS

If you are enrolled in any of the Elite Medical,best Engineering or top B-Schools,

State Bank of India has a tailormade loan scheme to offer which is christened as

SBI SCHOLAR LOANS.

List of Institutions are as under:

1 IIT, Kanpur 2 IIT, Delhi

3 IIT, Mumbai 4 IIT, Chennai

5 IIT, Guwahati 6 IIT, Roorkee

7 IIT, Kharagpur 8 BITS, Pilani

9Anna University,

Chennai 10

Delhi College of

Engineering, Delhi

11 IISc, Bangalore 12 IIM, Ahmedabad

13 IIM, Bangalore 14 IIM, Kolkata

15 IIM, Lucknow 16 XLRI, Jamshedpur

17Jamnalal Bajaj,

Mumbai 18 FMS, Delhi

19 IIM, Indore 20 IIM, Kohzhikode

21 SP. Jain, Mumbai 22 NITIE, Mumbai

23 MDI, Gurgaon 24 XIM, Bhubaneshwar

25 NMINS, Mumbai 26 IIT-SJSOM, Mumbai

27 AIIMS, Delhi 28 Christian Medical



College, Vellore

29 AFMC, Pune 30 JIPMER, Pondicherry

FESTIVAL LOANS

It is the festive season!!! Is the unavailability of ready funds, dampening the

celebrations?

Avail of SBI's Festival Loan and bring back the cheer and celebrate in style!!! Hurry, the

gifts and the sweets are waiting….

SBI offers you the unique facility of Festival Loans to help you meet any kind of festival

related expenses.

Enjoy the SBI Advantage :

Low interest rates, currently 13.25% p.a.(compare with the 15 - 30% p.a. charged by

others for personal loans/credit card companies.)

Low processing charges; 1.10% of loan amount(inclusive of service tax) per

application.


No security required if check off is available….. which means minimal

documentation…. something that you had always wanted.

No prepayment penalties.

Purpose

To meet any kind of festival related expenses.

Eligibility

You are eligible to avail a Festival Loan if you are:



An Employee of Govt., PSUs, profit making public/private limited companies/

institutions etc with a minimum of 2 years service OR

Self employed person with minimum 3 years standing/experience OR

A person having regular source of income from verifiable channels like Pension and

interest from TDRs/NSCs/Govt. Securities etc

You have a net monthly income of Rs.3000/- and above.

Your spouse's income can also be considered in calculating the loan amount provided

he/she guarantees the loan or the loan is taken jointly.

Loan Amount

Your festival loan limit would be determined by your income and repayment capacity.

Minimum : Rs.5000/-

Maximum : 4 times your Net Monthly Income, subject to a ceiling of Rs.50,000/-.

Documents Required

Passport Size Photograph

Proof of official address for self employed individuals and professionals. This can

include shop and establishment certificate/Lease deed/Telephone Bill.

Latest Salary Slip and Form 16, in the case of salaried persons IT returns for the last two

financial years, in the case of self employed individuals and professionals

Interest

3% above SBAR Floating i.e. 13.75% p.a

Repayment

You can repay the loan over a period of 12 months through Equated Monthly

Installments (EMI). Should you wish to deploy your surplus funds towards prepayment

of the loan, feel free to do so without any prepayment penalty.

Security



Personal guarantee of the spouse or any other person of adequate worth where check off

facility is not available.

Processing Fee

You need to pay only a nominal processing fee of 1.10% of the loan amount.

LOAN AGAINST SHARES \ DEBENTURE

Do you need urgent cash but you don't wish to sell or liquidate your holding of

shares?

Leverage your investments in shares, debentures, public sector bonds and

Government securities for loans to meet unforeseen expenses!! You need not

miss out on the next stock market boom!!

Avail of loans up to Rs.20.00 lacs against your shares/debentures to enable you to

meet contingencies, personal needs or even for subscribing to rights or new issue

of shares.

Note: Loan will not be sanctioned for

1. speculative purposes

2. inter-corporate investments or

3. acquiring controlling interest in company/companies.

Enjoy the SBI advantage

Low interest rates. Further, we charge interest on a daily reducing balance!!

Low processing charges; only 1% of loan amount - compare with 1-3% of others.

No hidden costs or administrative charges..

No prepayment penalties. Reduce your interest burden and optimally utilize your

surplus funds by prepaying the loan.



The Scheme

Eligibility

This facility is available to our existing individual customers enjoying a strong

relationship with SBI. This loan could be availed either singly or as a joint account with

spouse in 'Either or Survivor'/ 'Former or Survivor' mode. It is offered as an Overdraft or

Demand Loan.

Salient Features

Purpose

For meeting contingencies and needs of personal nature. Loan will be permitted for

subscribing to rights or new issue of shares / debentures against the security of existing

shares / debentures. Loan will not be sanctioned for (i) speculative purposes (ii) inter-

corporate investments or (iii) acquiring controlling interest in company / companies.

Loan Amount

You can avail of loans up to Rs 20.00 lacs against your shares/debentures.

Documents Required

You will be required to submit a declaration indicating :

Details of loans availed from other banks/ branches for acquiring shares/

debentures.

Details of loans availed from other banks/ branches against security of shares/

debentures

Margin

You will need to provide a margin amount of 50% of the prevailing market prices of the

shares/ non-convertible debentures being offered as security. (The market prices refer to

the prices in the Stock Exchanges as reported in the Economic Times.)



Interest

0.25% below SBAR Floating i.e. 10.50% p.a.

Repayment Schedule

To be liquidated in maximum period of 30 months through a suitable reducing DP

programme.

In case of a default or if the outstanding is over Rs.20.00 lacs, the shares/debentures will

be transferred in the name of the Bank.

Security:

Pledge of the demat shares/debentures against which overdraft is granted.

ICICI BANK

(INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA)

HISTORY OF ICICI

The ICICI incorporated as the initiative of the World Bank, the government of

India and the Indian industry, with the objective of creating financial institution for

providing medium and long term project financing to Indian business. Mr. A.

Ramaswami Mud liar elected as a first chairman of ICICI. ICICI emerges as the major

source of loans to Indian industry. Besides funding from the World Bank and other multi

lateral agencies, ICICI also among the first Indian companies to raise funds from

international markets.ICICI was the second entity to set up merchant banking services.

ICICI was the first institution to receive ADB loans. It was the first institution to make

public issue by an Indian entity in the Swiss capital markets. In 1986 ICICI set up as as a

bank. In 1997 the name “industrial credit and investment corporation of India” was

changed to “ICICI limited”. In 1999 ICICI launches retail finance i.e. car loans, house

loans and loans for consumer durables. In 2000 ICICI bank became the first commercial

bank from India to list its stock in NYSE.



ICICI is Indians second largest bank. The bank has a network of about 573

branches and extension counters and over 2000 ATMs. ICICI bank originally promoted

in 1994 by ICICI limited, an Indian financial institution, and was its wholly owned

subsidiary.

ICICI TODAY

Today, ICICI bank offers a wide range of banking products and financial service

to corporate and retail customer through a variety of delivery channels and through its

specialized subsidiary and affiliates in the areas of investment banking, life and no life

insurance, venture capital and asset management.

LOANS PROVIDED BY ICICI BANK

HOME LOAN

HOME EQUITY LOAN

LAND LOAN

OFFICE PREMISE LOAN

PERSONAL LOAN

CAR LOAN

TWO WHEELER LOAN

COMMERCIAL VEHICLE LOAN

LOAN AGAINST SECURITIES

FARM EQUIPMENT LOAN

CONSTRUCTION EQUIPMENT LOAN



Home Loan

The No. 1 Home Loans Provider in the country, ICICI Bank Home Loans offers some

unbeatable benefits to its customers - Doorstep Service, Simplified Documentation and

Guidance throughout the Process. It's really easy !

Salient Features:

Attractive interest rate

Door-step service from enquiry stage till final disbursement

Can transfer your existing high-interest rate loan

Free personal accidental insurance

Special 100% funding for select pro

Eligibility

Home loan

You must be at least 21 years of age when the loan is sanctioned.

The loan must terminate before or when you turn 65 years of age or before retirement,

whichever is earlier.



You must be employed or self-employed with a regular source of income.

Office premise loan

Home Equity Loans


The loan must terminate before or when you turn 65 years of age or before retirement,

whichever is earlier.

Your must be employed or self-employed with a regular source of income. You must be

the owner of a self-occupied property.

Land loan


.The loan must terminate before or when you turn 65 years of age or before retirement,

Which ever is earlier? .

You must be employed or self-employed with a regular source of income.

You must be purchasing a plot of land for residential use.

The purchase has to be from a development authority or from a registered co-operative

society.

The purchase of the land must be for the construction of a house.

The plot of land must be clearly demarcated with clear Office premise loan

Office premise loan


The loan must terminate before or when you turn 65 years of age.

You must be self-employed with a regular source of income.

The loan can be for the purchase / construction / extension of a non-residential property.

A loan for renovation or improvement will be given only at the time of acquisition of

property.



Professionally qualified and self-employed individuals (doctors, pathologists, chartered

accountants, cost accountants, company secretaries, architects, engineers, consultants,

lawyers, chemists) can apply.

A minimum of 3 year's work experience is must

Loan Amount

A number of factors are taken into account when assessing your repayment capacity.

Your income, age, number of dependants, qualifications, assets and liabilities, stability/

continuity of your employment / business is some of them.

However, there are ways by which you can enhance your eLoan Amount

A number of factors are taken into account when assessing your repayment capacity.

Your incomes, age, number of dependants, qualifications, assets and liabilities, stability/

continuity of your employment / business are some of them.

However, there are ways by which you can enhance your eligibility.If your spouse is

earning, put him/her as a co-applicant. The additional income shall be included to

enhance your loan amount. Incidentally, if there are any co-owners they must necessarily

be co-applicants.

Did you know that your fiancée's income can also be considered for sanctioning the loan

on your combined income? The disbursement of the loan, however, will be done only

after you submit proof of your marriage.

Providing additional security like bonds, fixed deposits and LIC policies may also help

to enhance eligibility.

While there is no need for a guarantor, it could be that having one might enhance your

credibility with us. If so, our loan officer would provide you with the necessary details.

The final amount to be sanctioned will depend on your repayment capacity. However,

what you ultimately are entitled to will have to conform within the limits fixed for each

loan.



Also, when the company looks at the total cost, registration charges, transfer charges an

stamp duty costs are included.

Sanctioning

Documents

Bank statement for the last six months.

Income Documents e.g. Latest Form 16, Certified IT returns for latest 3 years.

Admin Fee cheque.

Loan Enclosure letter.

Other Documents

For Individual Borrowers:

Photo Id Proo, Residence Address Proof

For Non Individual Borrowers:

Id Proof, office address proof.

These are the documents required for sanctioning a loan. You may be

asked to submit further legal documents if required by ICICI Bank or its approved

lawyers.

Do retain photocopies of all documents being submitted by you.ligibility experience is a

must.

Disbursement

Your loan will be disbursed after you identify and select the property or home that you

are purchasing and on your submission of the requisite legal documents.

While you may be under the impression that the list of documents asked for is rather

extensive, please note that it is for your own good. Each and every single document

asked for will be verified and checked to ensure your safety.



This may take some time but we want to ensure a clear title and will complete all the

legal and technical verifications to ensure that you have full rights to your home.

The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax

authorities (if applicable) is also needed.

On satisfactory completion of the above, on registration of the conveyance deed and on

the investment of your own contribution, the loan amount (as warranted by the stage of

construction) will be disbursed by ICICI Bank.

The disbursement will be in favour of the builder/seller.

. Standard Interest Rates for Resident Indians

The interest rate on ICICI Bank Home Loans is linked to the ICICI Bank Floating

Reference Rate(FRR)/PLR. As per earlier communication, FRR/PLR was increased by

0.5% on May 8th, 2006. Consequently interest rate for all customers under Adjustable

Rate Home Loans (ARHL) also went up by 0.5%. Subsequent to this change, as per

recent announcement, the FRR/PLR has been further increased by 0.5% effective from

June 15th, 2006. For all the Adjustable Rate Home Loan customers, both the above

changes will be effective from July 1st, 2

Description of Charges Home Loans

Loan Processing Charges /

Renewal Charges

Home Loans : 0.5% processing /admin

fee or Rs. 2000/- whichever is higher

Loan OD against Property or Office

Premises Loans : 1% of loan amount or

Rs. 2,000/- whichever is higher

Prepayment Charges 2 % on the principal outstanding on full

prepayment

Solvency Certificate NA

Charges for late payment

(loans)

Home Loans : 2% per month Home OD :

1.5% of the outstanding amount subject

to minimum of Rs. 500/- & Maximum of

Rs.5000/-

Charges for changing from

fixed to floating rates of

1.75% on principal oustanding



interest

Charges for changing from

floating to fixed rates of

interest

1.75% on principal oustanding

Cheque Swap Charges Rs. 500/-

Document Retrieval

Charges Rs. 500/-

Cheque bounce charges Rs. 200/-

Repayment tenure

Home Equity Loans - Maximum loan tenure of 15 years.

Office premise loan - Maximum loan tenure of 15 years.

Home loan - Maximum loan tenure of 30 years

How is loan repaid?

Loan is repaid through equated monthly installments (EMI).

EMI refers to equated monthly installments. it is a fixed amount which you pay every

month towards your loan. it comprises of both principal repayment and interest

repayment. EMI payments start from the month following the month in which the full

disbursement has been made.

The EMI is to be paid every month through post-dated cheques (PDCs) or Electronic

Clearing System (ECS)*. If you are opting for PDCs, then you will have to provide 36

PDCs upfront. The PDCs are to be dated on the 1st of every month. However, if you

receive your salary a few days later, no problem.

Application Process

The moment you decide to buy a home, you can put in your application. Yes, you can

apply for a loan even before you have selected the property.



The property need not even be in the same city where you are residing. The only

condition being that ICICI Bank has home loan operations in both the cities.

Should there be a change in your financial status or plans, you can withdraw your

sanction within 6 months of approval.

However, we are always ready to assist our customers in the event of legitimate

problems. And, we might reconsider this if we find that there are satisfactory reasons for

the delay.

And, neither would we charge you extra for this delay.

If it is refinancing you are interested in, it is possible within 6 months from the date of

purchase of propert

Personal Loans

If you're looking for a personal loan that's easy to get, your search ends here. ICICI

Bank Personal Loans are easy to get and absolutely hassle free. With minimum

documentation you can now secure a loan for an amount up to Rs. 15 lakhs.For all your

Personal Financial needs. With an ICICI Bank Personal Loan you can get instant money

for a wide range of your personal needs like Renovation of your Home Marriage in the

Family, A holiday with your family Your child's education Buying a Laptop or a home

theatre, Medical expenses or any other emergencies Whatever be the reason, you no

longer need to hold yourself back., just choose an ICICI Bank Personal Loan and put all

your worries to rest. Now that's not all, getting a personal loan has never been easier. To

secure one, all you need is ONE of the following:

A Salary Slip

Your Credit Card statement

Repayment Track of an existing loan.



Salient features of an ICICI Bank Personal Loan:

Loans available for both salaried & self employed individuals

No Security, Collaterals or Guarantors required

Loans ranging from Rs. 20,000 to Rs. 15 Lakhs.

Easy repayment through flexible EMI options ranging from 12 - 60 months

Eligibility

Criteria Salaried Self - Employed

Age 25 yrs. - 58 yrs. 25 yrs. - 65 yrs.

Net Salary Net annual income - Rs. 96,000 p.a

Net Profit after tax - Rs. 60,000 p.a

Eligibilty Employees of Public Ltd. cos. , Private Ltd. cos. MNCs Or Government.

Doctors, MBA's, Architects, CA's, Engineers, Traders & Manufacturers

Years in current job / profession

1 Year 3 Years

Years in current residence

1 Year 1 Year

Documentation

Documents ( Pre Sanction) SalariedSelf

Employed

Latest 3 months Bank Statement (where

salary/income is credited)Yes Yes

Latest 2 salary slips Yes

Last 2 years ITR with computation of

income / Certified Financials Yes

Proof of Turnover (Latest Sales / Service

tax returns) Yes

Proof of Continuity current job (Form

16 / Company appointment letter )Yes

Proof of Continuity current profession Yes



(IT Returns / Certificate of business

continuity issued by the bank)

Proof of Identity (any one)Passport /

Driving License / Voters ID / PAN card /

Photo Credit Card / Employee ID card

Yes Yes

Proof of Residence (any one) Ration

Card / Utility bill / LIC Policy ReceiptYes Yes

Proof of Office (any one) Lease deed /

Utility bill / Municipal Tax receipt / title

deed

Yes

Proof of Qualification Highest Degree

(for Professionals / Govt employees Yes Yes

Service Charges

A processing fee of 2% of the loan amount is applicable. These fees are deducted

upfront from the disbursement amount.

Prepayment of the loan is possible after 180 days of availing the loan.

Foreclosure charges as applicable would be levied on the outstanding loan.

Part pre-payment is not allowed.

No other fees or commitment charges are levied

Description of Charges Personal Loans

Loan Processing Charges / Renewal

Charges

2* % of loan amount

Prepayment Charges 5% on the principal

outstanding

Solvency Certificate N.A.

Charges for late payment (loans) 2% per month

Charges for changing from fixed to floating

rates of interest N.A.

Charges for changing from floating to fixed

rates of interest N.A.




Document Retrieval Charges N.A.


Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate are charged over

and above these charges

* - Up to 5% for select categories

Application Process

You have the option of applying online for a personal loan. An ICICI Bank Ltd.

representative will contact you to service your loan requirements.

On receiving the completed application form with the requisite documents, ICICI shall

process your loan within 3 working days.

.

Car Loans

ICICI is the NO 1 financier for car loans in the country.ICICI has Network of more than

1500 channel partners in over 780 locations. Tie-ups with all leading automobile

manufacturers to ensure the best deals. Flexible schemes & quick processing.

The # 1 financier for car loans in the country. Network of more than 1800 channel

partners in over 1000 locations.

Tie-ups with all leading automobile manufacturers to ensure the best deals.

Flexible schemes & quick processing. .



Eligibility

ParticularsSalaried

Individual

Self-

Employed

Individual

Partnership

Firm

Private /

Public

Ltd Co

Age

Criteria

The

applicant

should be

atleast 21

years old at

time of

application,

and below

60 years of

age at time

of maturity

of the loan

Any

Proprietor,

partner,

professional

or director

above 21

years of age

but below

65 at the

time of the

loan's

maturity

-

Limited

companies

should

have been

in

existence

for at least

2 years

Loan Amount

Car Loans

New car

We finance upto 95% of the ex-showroom cost of the car.

The Loan amount also depends on the car model. Higher loan amounts are

available under specific enhanced income eligibility criteria.

Minimum loan amount for new car Loan is Rs.1 lac.

For a used car,

we finance up to a maximum of 90% of the valuation of the car

Minimum loan amount for a used car loan is Rs. 75000/-

Loan Enhancement



To enhance your loan amount, the certified income of the co-applicant can be

considered, if requested by the applicant.

The co-applicant can be the spouse or son/daughter living in the same city.

Similarly, in case of a partnership firm or a limited company one of the partners

or a director can be taken a co-applicant / guarantor for increasing the loan

amount

However, in both cases, the asset has to be registered in the name of a single

owner, not joint ownership.

Service Charges

Car Loans

We offer most competitive interest rates in the industry.

Interest rates depend on Car model, Loan Tenure, Customer & Location.

Interest is calculated on a monthly reducing balance

Description of Charges Car Loans

Loan Processing Fees Charges /

Renewal Charges Rs 650/-

Stamp Duty Actuals


outstanding



Charges for changing from fixed to

floating rates of interest N.A.

Charges for changing from floating to

fixed rates of interest N.A.






Application Process

You may contact the nearest ICICI Bank branch for the best deal available on the

car of your choice.

You may also contact them by online or any of ICICI phone number

ICICI representative will meet you at your convenience to assist you with the

documentation and other terms. The documents may be handed over to our direct

marketing associate/ dealer you are dealing with.

The loan will be disbursed within one day of submitting all the required post-

sanction documents.

If the vehicle is readily available with the dealer, you can get your car as soon as

the disbursal is made to the dealer. However ICICI Bank is in no way

responsible for car deliveries as they are regulated by the car manufacturer's

delivery schedules.

How to Repay

Repayment tenure ranges from 1 year to 7 years for New Car Loans. Six Year

and Seven year loans are available for specific models.

Maximum loan tenure for used car would depend on the age of the car. The car

should not be more than 8 years old at the time of maturity of the loan.

You may change the tenure of the loan before the loan is disbursed. The interest

rate & EMI would change accordingly.

The repayment due dates are 1st and 7th of every month and would depend on the

date of disbursement. Payment due dates cannot be changed.

You can make the Payments through post-dated cheques (PDCs)

Repayment option through Direct Debit Mandates is also available for all ICICI

Bank account holders.

Option of repaying through ECS is also available in select cities.



Payments through cash or credit cards are not accepted.

You may change the PDC's in case your Bank Account is changed . However, we

would require verification of signatures by new banker. A nominal fee of

Rs.750/- (Swap Charges) would be charged for exchange of cheques.

A full pre-payment of the loan is accepted. Part pre-payment is not allowed.

Service Tax will be charged as applicable.

We charge pre-payment fee of 5% on the outstanding principal amount,Service

Tax will be charged as applicable.

We charge Rs.250/-per bounced cheque.

Two Wheeler Loans

Avail attractive schemes at competitive interest rates from the No 1 Financier for Two

Wheeler Loans in the country . Finance facility upto 90% of the On Road Cost of the

vehicle, repayable in convenient repayment options and comfortable tenors from 6

months to 36 months . Ride home on your Dream Two Wheeler with ICICI hassle free

finance .

ICICI Bank offers the Best Deals on Two Wheeler Loans.

"Zoom" away in your favourite two wheeler. Avail attractive schemes at

competitive interest rates.

Finance facility available for all two wheelers ranging from mopeds to motor

bikes.



Now avail Finance upto 90%* of the On Road Cost of the vehicle, repayable in

convenient tenure options ranging from 6 months to 36 months*.

Ride Easy Pay Easy with ICICI Bank Two Wheeler Loans.

In an unlikely case of your not meeting our norms NO PROBLEM - you can still

avail our loan, any blood relative can be your co-applicant.

Loan Amount

ICICI fund motorbikes, mopeds, scooters and scooterettes.They are the preferred

financiers with Hero Honda, Bajaj, TVS, Honda Motors & Scooters, Yamaha,

Enfield, LML,Suzuki and Hero Motors.

Apply under any Loan Scheme from Rs.7500/- onwards to Rs.150000/- and pay in easy

installments over a period of 6 to 36 months.

They are present in over 1035 locations in India.Besides flexible & attractive finance

options, they offer you with very competitive interest rates, easy documentation and

speedy processing.

Repayment Facility of loan is available through

Post Dated Cheques presented on 5th and 10th of each month depending on the

disbursement date OR the Auto Debit Mandate (for ICICI bank account holders) & ECS

options.

Eligibility Criteria

Eligibility Salaried Self Employed

Minimum

Age21 yr. 21 yr.

Maximum

Age*60 yr. 65 yr.

Income For Loan amount < = Rs.

60000

For self employed/

proprietorship



A category cities -

(Mumbai, Delhi, Calcutta,

Hyderabad, Chennai and

Bangalore)

Minimum gross salary of

Rs.5000/- per month for

funding amount

<Rs.45000



funding amount

>=Rs.45000

For B Category cities-

(All other cities excluding

"A" category cities)



funding < Rs. 45000



funding >=Rs.45000

For Loan amount > Rs.

60000

Gross salary to be Rs 7500

for all cities.

/partnership firm

For funding amount

<= Rs.50000, gross

income (PBDT) of

Rs.42k per annum as

per ITR and

computation

Tax Challans

aggregating to

>15000(equivalent to

declared annual

income of Rs. 42000)

For funding amounts

> Rs.50000, gross

income (PBDT) of

Rs.60000 per annum

as per ITR and

computation

For Partnership

Firms:

Income is calculated

as: Net Profit +

remuneration to

Partners + interest on

partner's capital +

depreciation

Tax Challans

aggregating to >15000



For Private /Public

ltd. Co's:

Minimum PBDT of

Rs.60000

PBDT shall be

calculated as:

Net Profit +

Depreciation + Tax

( In all cases of

Partnerships or Pvt

ltd. Companies the

Partner/Director

would mandatory be

taken as a co

applicant )

*

Service Charges

Description of Charges Two Wheeler Loans

Loan Processing Charges / Renewal Charges

2.50 % of loan amount

(in select cities, it can

be upto 5%) or Rs.

750/- whichever is

higher


outstanding





Charges for changing from fixed to floating

rates of interest NA

Charges for changing from floating to fixed

rates of interest NA


Document Retrieval Charges NA


Application Process

.In case you visit the dealer of your choice you can contact their representative

present there to service your requests.

If your application is approved conditionally, our representatives will be happy

to answer all your queries regarding the conditions.

They sanction loans on completed applications within 24 hours.

The product is hypothecated to ICICI Bank. Ltd. till the loan is repaid. ( ICICI

bank retains the right to the product till the loan is repaid). However, you still

remain the owner of it and the invoice will be in your name.

In case you wish to withdraw your application once the loan has been

sanctioned, you can apply for cancellation of your loan by sending us a letter

asking for cancellation of application. If the loan has not been sanctioned, no

letter would be required.

You are requested to deposit the Down Payment at the dealership counter.

Service tax, as prevailing will be applicable on all fees and charges.

Credit is at the sole discretion of ICICI Bank Ltd.

If your application is approved conditionally, their representatives will be happy to

answer all your queries regarding the conditions.

They sanction loans on completed applications within 24 hours.

The cheque, in favour of the dealership, is disbursed immediately after we

receive all the post-sanction documents from you.



The product is hypothecated to ICICI Bank. Ltd. till the loan is repaid. ( ICICI

bank retains the right to the product till the loan is repaid). However, you still

remain the owner of it and the invoice will be in your name.

In case you wish to withdraw your application once the loan has been

sanctioned, you can apply for cancellation of your loan by sending us a letter

asking for cancellation of application. If the loan has not been sanctioned, no

letter would be required.

You are requested to deposit the Down Payment at the dealership counter.

Commercial Vehicle

Range of services on existing loans & extended products like funding of new vehicles,

refinance on used vehicles, balance transfer on high cost loans, top up on existing loans,

Xtend product, working capital loans & other banking products

Reaches you through more than 700 locations across the country.

Range of products under one umbrella.

Funding of products include, trucks, buses, tippers, light commercial vehicles, pick ups,

3 wheelers, etc.



Range of services: funding of new vehicles, refinance on used vehicles, balance transfer

on high cost loans, top up on existing loans, Xtend product, working capital loans &

other banking products..

Preferred financier status with all leading manufacturers.

Simple documentation.

Quick turn around time.

Flexible financing solutions to meet the individual requirement.

Eligibility

Any individual / Partnership firm / company with more than 2 years business

experience.

Ownership of a vehicle is not mandatory.

Funding extended to First Time User, Transporters and Captive Consumers.

Loan Amount

Loan amount can vary from a few thousands to crores depending upon the specific

requirement.

Funding can be up to the extent of 100 % of the chassis, body funding can be extended

on special requirement & on the past experience.

Tie up with the leading manufacturers enables us to give the best deals to our customers.

Sanctioning

Loans are sanctioned for all fast-moving assets at locations where the ICICI Bank

infrastructure is available – be it direct or indirect or Direct Marketing Associates and

authorized distributors.

While we generally undertake Hypothecation funding, we also do Hypothecation

transactions. We also look into cases of taking over an old high-interest loan and

converting it into low interest loan. Once all the details are in their possession, the loan

can be sanctioned within 4 hours

Service Charges



The interest rates are fixed for the tenure of the contract and are

calculated on a reducing basis.

Description of Charges Commercial Vehicle Loans

Loan Processing Charges /

Renewal Charges

1% of loan amount or Rs. 2,000/-

whichever is higher

Prepayment Charges 4% on the principal outstanding




floating rates of interest N.A.

Charges for changing from floating

to fixed rates of interest N.A.




Repayment

In general repayment period is of 3 -4 years, however depending on the nature of the

deal the tenure can vary from 6 - 60 months.

Normally the repayment is done via PDC's or Auto Debit (In case of ICICI Bank account

holder).

Cheque bouncing charges would be as applicable.

The repayment schedule & the amortization schedule would be sent on disbursement of

the loan.

Foreclosure of the loan is allowed at a charge of 4 % on the principal outstanding.

In the event of an accident, our local representative needs to be informed of the same

Application Process

You can apply online and even call at your nearest branch..



There is no need for you to visit their office. All formalities will be completed at

your doorstep itself.

Once all the details are in their possession, the loan can be sanctioned within 4

hours.

As a policy they do not disclose the reasons for rejection.

The asset will be hypothecated to ICICI Bank Ltd. Till the loan is repaid, ICICI

Bank Ltd retains the right to reposess the asset in case a customer does not repay

the loan.

However, you are still the owner of it and the invoice will be in your name. All

the original papers will be kept in your possession and photocopies with ICICI

Bank Ltd.

Loans against Securities

A loan against Securities enables you to obtain loans against your securities. So you get

instant liquidity without having to sell your securities.

All you have to do is pledge your securities in favour of ICICI Bank We will then grant

you an overdraft facility up to a value determined on the basis of the securities pledged

by you. A current account will be opened and you can withdraw money as and when you

require. Interest will be charged only on the amount withdrawn and for the time span

utilized.

They offer loans against:

1. Demat Share



2. RBI Relief Bonds

3. Mutual Funds Units

4. ICICI Bank Bonds

5. Insurance Policies

6. UTI Bonds

7. NSC/KVP (In demat form only)

.

Eligibility

Shares

Individuals (Residents and non-residents individuals) are permitted to apply.

Hindu Undivided Families (HUFs), Limited Companies, Partnerships, Sole

Proprietors are excluded.

Loans are granted only against the list of approved scripts, as determined by

ICICI Bank.

The applicant should be in the age group of 18 to 75 years.

The applicant should be a subscriber to telephone (landline) either at residence or

office.

RBI Bonds

Individuals, Hindu Undivided Families (HUFs), Companies, Partnerships & Non

resident Indians are permitted to apply.



office.

Mutual Funds

Individuals (Residents and non-residents individuals) are permitted to apply.


The applicant should be a subscriber to telephone (landline) either at

residence or office.

ICICI Bank Bonds

Only resident individuals are permitted to apply.




The applicant should be a subscriber to telephone (landline) either at residence

or office.

Life Insurance Policies

Only resident individuals are permitted to apply.



office.

For all the above


The applicant should be a subscriber to telephone (landline) either at residence

or office.

Loan Amount

Shares

You are given a drawing power up to 50% of the value of the shares.

Since the market price of the scrips keep fluctuating, the scrips are revalued weekly

(every Friday), or more frequently if required, and the drawing power will be revised

accordingly. If the new drawing power is less than the outstanding in the current account,

the customer is required to put in the difference amount or pledge more shares to

regularize the account. Alternately, if the drawing power rises, the limit available to the

customer also automatically increases.

Minimum loan amount is Rs 1 lakh.

Maximum loan amount is Rs 20 lakh.

The loan is applicable for a year and renewable at the end of each year.

Bonds



The loan amount will depend upon the value of bonds and also the period left for

maturity

Loan amount will be between 70% and 95% of the value of bonds.

Mutual Funds

50% lending on the NAV.

Minimum loan amount is Rs.1 lakh.

Maximum loan amount is Rs. 20 lakh.

ICICI Bank Bonds

Minimum Loan amount is Rs.50000

Maximum loan amount is Rs. 20 lakh

Life Insurance Policies

Minimum Loan amount is Rs.50000

Maximum loan amount is Rs. 5 Crs.

Sanctioning

Your loan will be sanctioned on completion of all the documents.

You shall be required to fill the loan agreement and complete the account

opening formalities

In any of the following cases no residence cum identity proof is required:

Account introduced by ICICI Bank Staff.

Introduction by an existing bank customer.(Existing customer to have a

satisfactorily conducted account for at least 6 months)

Letter from existing banker obtained in standard format.

Customer existing account holder of bank for more than 6 months.

You will be able to enjoy all the benefits of a current account such as a

A personalized cheque book

ATM card

Mobile banking facility



Phone banking facility

Service Charges

Interest is charged only on the amount drawn and for the period that it is utilized.

The interest is debited to your current a/c on the last day of every month.

The stamp duty varies in accordance with the stamp duty rates of the respective

states.

Description of Charges Loans Against

Shares

Loan Processing Charges / Renewal Charges 0.50% of loan

amount

Prepayment Charges No pre payment

charges



Charges for changing from fixed to floating rates

of interest NA

Charges for changing from floating to fixed rates

of interest NA

Cheque Swap Charges NA

Document Retrieval Charges NA

Farm Equipment Loans

Preferred financier for almost all leading tractor manufacturers in the country.

Financing farm equipments in over 381 locations spread across the country.

Fast processing of files with easy documentation.

Flexible repayment options in tandem with the farmer's seasonal liquidity.

Monthly, Quarterly and Half-yearly and Yearly repayment patterns to choose from.

Comfortable repayment tenures from 1 year to 9 years.

Eligibility

Agricultural Users



Any individual aged above 21 years at the beginning of the tenure and below 65 years

by the end of the tenure; involved in agriculture for the last 5 years.

1. Having minimum 2 acres of land with its value at least twice the loan amount.

2. Staying in the same place for at least 3 years.

3. Having an annual income equal to the yearly installment

4. Mortgage of land of 2 to 3 times of the loan amount

5. For non mortgage deals, the finance amount is based on the income levels of the

customer and the tenure desired

Commercial Users

Any individual aged above 21 years at the beginning of the tenure and below 65 years

by the end of the tenure; involved in business for the last 3 years.

1. Owns at least one tractor or commercial vehicle.

2. Owns either a house or an office or at least 2 acres of land.

3. Has a permanent phone connection either at office or at home.

Guarantor

In case the applicant is not able to meet the eligibility norms on his own, the proposal

can be strengthened by a guarantor who could be any known person of the applicant

staying in the same village having an earlier good track record or owning land at least 1.5

times the loan amount.

In case the land of the applicant is mortgaged, in agricultural deals, guarantor is not

required.

Loan Amount

The loan amount varies from customer to customer depending on the valuation of the

land being mortgaged, income of the customer and tenure desired for. We fund a

maximum of 100% of the cost of the tractor, 75% of the cost of the trailer and 50% of

the cost of the implements.

Documentation

The following documents are required from the applicant:

Agricultural use



1. Application form with photograph of the customer and all co applicants and/or

guarantor.

2. Proforma Invoice of the asset to be funded from an authorized dealer.

3. Land records of the borrower/s.

4. Land valuation and title search report of the land.

5. Residence proof of the borrower/s.

6. Identity proof of the borrower/s.

7. Signature verification of the borrower/s.

8. Loan agreement, duly signed by the applicants and guarantor.

9. 2 SPDCs (Security Post Dated Cheques) for entire tenure.

Commercial Use

1. Application form with photograph of the customer and all co applicants and/or

guarantor.

2. Proforma Invoice of the asset to be funded from an authorized dealer.

3. Proof of Income (any of the following):

- Billing statement for the past one year

- Latest Income tax Return

- Last 6 months bank statement

4. Residence proof of the borrower/s.

5. Identity proof of the borrower/s.

6. Signature verification of the borrower/s.

7. Loan agreement, duly signed by the applicants and guarantor.

8. 2 SPDCs (Security Post Dated Cheques) for entire tenure.

In case the customer has earlier availed of a loan from any bank/finance company,

providing the track record of the loan repayment can significantly improve the credit

assessment of the customer.

Loan Approval



Our large network of sales and verification personnel ensure that your loan is approved

in the fastest time possible. We have our Credit Managers stationed at all important

locations that will ensure that your loan gets approved within no time.

This localized approval is one of the main factors which allow us to give a fast and

consistent service to our dealers and customers.

Rates & Fees

The rate of interest varies from customer to customer and depends on various factors like

land holding, loan amount, viability of the proposition and the underlying collaterals

provided. Our customer service agent will be able to guide you and ensure that you get

the best possible rate of interest.

Repayment

Repayment can be scheduled over a period of 1 year to 9 years.

Repayment can be done through post dated cheques or by depositing cash/demand drafts

at the nearest ICICI Bank Farm Equipment office on the due date.

There is a penalty for late payment of dues.

The loan can be foreclosed at any point of time; a foreclosure charge of 3% of principal

outstanding will be charged.

Application Process

The easiest way to apply for a tractor loan is to visit your nearest tractor dealer who has

tied up with ICICI Bank for extending finance. He will be able to help you with the best

finance options to suit your requirements

Construction Equipment Loans

Having funded infrastructure for over 4 decades, ICICI understand the need of the

customers better.

ICICI Bank offers attractive financial packages through our excellent distribution

network.

Their products are customized for new entrepreneur to large business houses.



They have tie-up with leading construction equipment manufacturers for wide range of

products.

They take over existing high cost loans at competitive terms resulting in huge savings.

Quick processing due to easy formalities and one time sanction of loans for

disbursement over a period of time.

Financing Options

New Equipment Finance – ICICI finance any kind and brand of construction

equipment once the manufacturer meets our minimum evaluation criteria in terms

of quality of the product, ability to service and customer feedback about the

product.

First Time Users – ICICI finance new entrants with minimum approval

procedures.

Hiring Segment – ICICI finance Plant Hirers who buy and lend equipments to

contractors for projects.

Refinance – ICICI finance instant liquidity to meet urgent business and financial

needs.

Switch Loans – ICICI take over existing high cost loans at competitive terms

resulting in huge savings.

Repurchase Loan – ICICI finance buyers of second hand equipment / used

equipment. They must meet the norms of ICICI Bank.

Genset – ICICI extend loans against purchase of Gensets subject to the

transaction proposed meeting the policy norms of ICICI Bank.

Working Capital Loan – We extend Working Capital Loans to Small and

Medium Enterprises to take care of their working capital requirements.

Eligibility

You should be construction companies or contractors with 3 yrs of relevant

experience.

Individuals / Firms / Companies in hiring of construction equipments for

minimum period of three years.



You can also be an entrepreneur with an individual of the above profile as co-

applicant who enjoys the above status.

Loan Amount

A number of factors are taken into account while deciding the loan amount.

Once you satisfy the eligibility criteria factors like purpose of loan, financial

strengths to repay, assets and liabilities, stability and past financial and banking

records the loan amount is decided.

The minimum loan amount is Rs.1, 00,000; the maximum loan amount depends

on your profile and credit strengths.

Sanctioning

Once all details are in their possession, the loan can be sanctioned.

The documentation requirement depends upon the financing option and the eligibility

criteria while the right of rejection will remain with ICICI Bank Ltd.

Individual - Your Residence & Office proof, Last six month bank statement, List of

contracts in hand, Copy of the contracts in hand, Statement of accounts of your existing

financiers, IT Returns if available for 3 years, List of equipments presently owned with

details of free and finance details, a brief note about your profile.

Partnership Firms - Your Office proof, List of contracts in hand, Copy of the contracts

in hand, Statement of accounts of your existing financiers, Audited Financials for last

three years, List of equipments presently owned with details of free and financed assets,

a brief note about your profile.

Corporate houses - Your Office proof, List of contracts in hand, Copy of the contracts

in hand, Statement of accounts of your existing financiers, List of equipments presently

owned with details of free and financed assets, audited financials for last three years and

brief note about your profile. Disbursements

Your loan will be disbursed after you have identified and decided on the equipment

required to your satisfaction and on submission of the requisite legal documents post our

approval.



Service Charges

They are dependent on the tenure, loan amount and the customer profile.

Their rates are one of the most competitive in the market. faction and on

submission of the requisite legal documents post our approval.

Repayment

Loans taken from ICICI Bank Ltd. can be repaid subject to meeting criteria.

Certain queries for repayment have been answered as under for clarity on

repayment. Cash / Post dated cheque / Direct Mandate from principal / Standing

instruction to the bank.

Application Process

You can apply online for Construction Equipment loan and ICICI will

ensure that their representative visits you.All formalities will be

completed at your door-steps.

Description of Charges Construction Equipment

Loans

Loan Processing Charges / Renewal

Charges

1% of loan amount


outstanding




floating rates of interest N.A

ANSWERS ON LOAN PROVIDED BY SBI BANK

1. Which are the different loans provided by state bank of India?

Ans: The different loans provided by SBI is housing loan, car loan, education

Loan, pension loan, etc.



2. Which kind of loans is provided short term loans or long term loans?

Ans: Both short term and long term loans are provided by SBI.

3. Which are the short term loans provided by your bank?

Ans: Short term loan provided by SBI is personal loan, gold loan and demand loan

4. From where does the bank take fund for the purpose of funding the loan?

Ans: The bank uses public deposits for the purpose of funding for the loan.

5. Which loan is much popularly used or demanded by public more?

Ans: Housing loan is much popularly demanded by public.

6. Which are the main documents required for issuing the loan?

Ans: Identity proof, Proof of residence, Pan Card is some of the main documents

required for issuing loan.

7. Which types of interest rate is taken by the public more fixed or floating interest

rate?

Ans: Fixed rate of interest is taken more by public while issuing for loan.

8. Does floating interest rate fluctuation only depends on the market fluctuation?

Ans: For SBI floating rate fluctuation depends on SBI bank advances

.

9. Who are eligible for taking the loan?

Ans: Any person above the age of 18 is eligible for applying for loan.

10. Who determine the PLR (Prime lending rate) in case of fixed interest rate?

Ans: Reserve bank of India determines the PLR in case of SBI

.

11. Does state bank of India provide agriculture loan?

Ans: Yes SBI provides agriculture loan.



12. Does SBI provide corporate loan?

Ans: Yes SBI provides corporate loan.

13. What is value added services provided by state bank of India?

Ans: Value added service provided by SBI is internet banking, email banking,

phone banking and ATM service

ANSWERS ON LOANS PROVIDED BY ICICI BANK

1. Which are the different loans provided byICICI?



Ans: There are various loans like home loan, car loan, personal loan, equipment

loan etc.

2. Which kind of loans is provided short term loans or long term loans?

Ans: long term loans are provided than short term loans.

3. Which are the short term loans provided by your bank?

Ans: No short term loans are provided.

4. From where does the bank take fund for the purpose of funding the loan?

Ans: Bank takes funds from deposits for the purpose of funding for loans.

5. Which loan is much popularly used or demanded by public more?

Ans: Housing loan is much popularly demanded by public.

6. Which are the main documents required for issuing the loan?

Ans: Proof of identity, proof of residence, pan card is main documents required

for issuing loan.

7. Which types of interest rate is taken by the public more fixed or floating

Rates?

Ans: For home loan floating and rest of all loans fixed rate of interest is taken.

8. Does floating interest rate fluctuation only depends on the market fluctuation?

Ans: Interest rate fluctuation not only depends on market rate but also on bank

advances.

9. Who are eligible for taking the loan?

Ans: Any person above 18 who is capable to repay the loan is eligible.

10. Who determine the PLR (Prime lending rate) in case of fixed interest rate?



Ans: RBI determines the PLR.

11. Does ICICI provide agriculture loan?

Ans: Yes.

12. Does ICICI provide corporate loan?

Ans: Yes

13. What is value added services provided by ICICI

Ans: Value added services like FD against home loan, insurance on your personal

loan, personal loan with in 30 minutes, and also interest rate benefit.

SURVEY ON LOANS



THIS INFORMATION HAS BEEN TAKEN FROM GENERAL PUBLIC

OF ALL AGE GROUP ABOVE 18.

1. WHICH BANK DO PEOPLE MORE PREFER TAKING LOAN FROM?

SBI OR ICICI

THIS INDICATE THAT PEOPLE PREFERENCE OF TAKING LOAN FROM

SBI AND ICICI IS EQUAL, AS BOTH ARE WELL KNOWN AND REPUTATED

BANK PEOPLE EASILY RELY ON THEM.



2. WHICH BANK DO PEOPLE MORE BELIEVE IN TAKING LOAN FROM?

PRIVATE BANK OR NATIONALIZED BANK

THIS INDICATE THAT PEOPLE ARE GIVING MUCH IMPORTANCE TO

NATIONALIZED BANK AS IT A GOVERNMENT BANK AND PEOPLE ARE

MUCH CAN ALWAYS RELY ON THEM.



3. WHICH LOAN WOULD PEOPLE MORE PREFER TO TAKE?

HOME LOAN OR EDUCATION LOAN OR CAR LOAN OR PERSONAL

LOAN

THIS BAR SHOWS THAT MAJORITY OF PEOPLE LIKE TO TAKE HOME

LOAN AS IT IS THE MOST IMPORTANT TYPE OF INVESTMENT WHICH

PEOPLE WOULD LIKE TO MAKE TAKING A LOAN .

4. WHICH IS THE NATURE OF INTEREST RATES WHICH PEOPLE PREFER?



FIXED OR FLOATING

THIS BAR INDICATES THAT 80% PEOPLE PREFER TO TAKE FIXED RATE

OF INTEREST AS FLOATING RATE OF INTEREST CAN FLUCTUATE ANY

TIME CREATING A BURDEN ON PEOPLE.



CONCLUSION

By concluding we can say that loans are one of integral part in most of our lives. As

many people are opting for loans today. Bank provides loans for each and every thing.

Housing loan is most widely taken loan by people in the present scenario, as it is difficult

to purchase a home with out taking loan. Today, if all banks take back the money they

have given to the business almost every business would die at the very same moment.

So, bank loan is like petrol in the car in today modern scenario. Loans are like the

children’s of deposits, because if people do not deposit then it is difficult for bans to

provide loans to their customers. No doubt bank charges a fair amount of interest, but is

good for a common man to take loan and make an investment of life time.



BIBILIOGRAPHY

WEBSITES

WWW.STATEBANKOF INDIA. COM

WWW.ICICI. COM

VISITED SBI BANK AT ANDHERI (EAST) BRANCH

VISITED ICICI BANK AT ANDHERI (WEST) BRANCH.

BOOKS

INDIAN BANKING BY NATRAJAN


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