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   Personal Loan Products

At SBT, we have a number of lending products to meet your varied needs of funds. 

                           Types of Personal Loan

Against deposits  Cash Key Facility 

Gold Loans  Conventional         Liquid Gold
Against scrips   Mitra Varsha 
HOME CASH
Housing Loan 
Home Decor
Sahaya
LoanEducation
Personal Loans Varsha  Computer
loanSuvidha Loan
Loan    Car Loan     
Prasanthi Loan
Two Wheeler Loan
Prasanthi Elite
click on the above links for details

Interest Rates & PLR 

contact any of our branches to avail the loans

..

Cash Key facility 

 The most convenient method of obtaining advance against deposits. 

 Unlimited withdrawals permitted in a Current account upto 90% of the deposit amount
and interest accrued.  
 Cheque book facility is available. 
 Interest charged on these loans will be 1% above the interest rate allowed on the
deposit  irrespective of the amount, rate of interest and period.

..

Gold Loans

Conventional

 Loans against Gold ornaments. 

  Rs.1350 per gram of gold for all types of jewellery (including hall marked jewellery).
 Amount of Loan - Maximum 10 lacs
 Period of loan - 6/12 months and can be further renewed 
 Simple easy documentation. 

Liquid gold - SBT Gold overdraft

 Overdraft facility against pledge of Gold ornaments, operated as a running account with
facility of cheque book. 
 Rs.1350 per gram of gold for all types of jewellery (including Hall marked jewellery)
 Amount of Loan - Maximum 10 lacs
 Loans are granted for 6/12 months and can be further renewed.

 
  ..

Mitra Varsha  Loan against shares & securities

A single over draft limit against the pledge of various types / combination of securities
viz. IVP,LIC Policy, SBI Life Policy, Treasury FD, Post Office FD.

Minimum Limit Rs.50000/- Maximum Limit

By pledge of
95% of Surrender value Max 
Rs.20.00 lacs
LIC/SBILife Policies

70% of deposit + accrued

Govt Of Kerala Treasury FD/Post Office FD
interest. Max Rs.20.00 lacs

Indira Vikas Patra

75% of purchase value 
Max Rs.5.00 lacs

..

Housing Loan  

PURPOSE

For construction, purchase / repair / renovation / alteration of a house or for

purchase of a plot for the construction of a house.

PERSONS ELIGIBLE

i. All Resident / Non-Resident Indians with a regular monthly income

ii. Spouses of Non-Residents, who are residents and receiving regular monthly income.
iii. Salaried persons, self employed businessmen, professionals and agriculturists, who have
regular monthly income and who have a minimum of three years of standing / experienc
in their line of activity.
iv. The age should be such that the borrower is able to close the account before he attains
the age of 70.

AMOUNT OF LOAN

i. 60 times of Net monthly income (NMI)/ Average monthly income (AMI) for individuals
upto 45 years of age.
ii. 48 times of Net monthly income (NMI)/ Average monthly income (AMI) for individuals
over 45 years of age

However the repayment obligation is restricted to Maximum 60% of the NMI/AMI.

Maximum amount of the loan is Rs.300 lacs.

MARGIN 

 upto Rs.30 lac - 20%

 above Rs.30 lac and upto Rs.3 crore - 25%

INTEREST click here for interest rates

DISBURSEMENT

a. Construction of new building

In three stage, 30%, 40% and 30% of the loan amount. The last installment will be
disbursed three or four weeks prior of the completion of the building

b. Outright purchase 100% to the seller, after payment of the margin by the applicant.
c. Purchase of plot and construction of the building.

The loan component for purchase of the plot will be 50% of the total project cost upto
Rs.75 lac and 30% of the project cost above Rs.75 lac or 80% of the land value
whichever is lower.

REPAYMENT

 UPTO 25 YEARS SUBJECT TO LIQUIDATTION OF THE LOAN BEFORE THE

BORROWER REACHES THE AGE OF 70 YEARS.

It includes the repayment holiday of a maximum of 18 months. Repayment will begin on

completion of the house or 18 months from the disbursement of the first installment of
the loan, whichever is earlier.

SECURITY
Mortgage of property by deposit of title deeds.

PROCESSING CHARGES

Limit upto Rs.25,000 - Nil

Limit above Rs.25,000 to Rs.2 lacs - 0.55% of the loan amount (Max.Rs.500/-)

Limit above Rs.2 lacs - 0.55% of the loan amount maximum Rs.10000/-

INSURANCE

Insurance is to be arranged for the total cost of building.

PAPERS TO BE SUBMITTED TO BANK

In addition to the application form(in duplicate) and two passport size photographs, the followin
papers are to be submitted to the Bank.

PROOF OF INCOME

In case of salaried persons:

i. Salary certificate showing deductions.

ii. Authorisation to deduct monthly installments from the salary of employee for
credit of the loan account wherever available.

a. In the case of self employed / professional / business men.

Audited accounts and Balance Sheets/income tax assessment

orders/Returns/Memo/Statements of computation of taxable income filed for the last 3
years.

DOCUMENTS TO BE SUBMITTED FOR CONSTRUCTION / IMPROVEMENT OF HOUSES

i. A copy of the plan inclusive of site plan approved by the Corporation/

Municipality/Development Authority/Panchayat as required.
ii. A copy of the building permit issued by the Corporation/ Municipality / Panchayat as
required. In areas where building permit is not required a No Objection Certificate from
the authority concerned.
iii. Estimate approved by licenced Egineers/Architects approved by local bodies.
iv. Original and prior title deeds.
v. Latest tax receipts.
vi. Possession Certificate
vii. Encumbrance certificate from the Sub Registrar for the last 15 years.
viii. Title clear certificate from the banks approved advocate.
ix. Valuation report from the banks approved valuator.
x. An affidavit cum Undertaking from the person that he shall not violate the sanctioned
 plan.

1. DOCUMENTS TO BE SUBMITTED FOR PURCHASE OF HOUSES/FLATS

i. A copy of the agreement for sale.

ii. A copy of the Title deeds of the present owner.
iii. A copy of the land tax receipt.
iv. A copy of the building tax receipt.
v. Encumbrance certificate from the Sub Registrar for the last 15 years.
vi. Title clear certificate from the banks approved advocate.
vii. Valuation report of the property and building from the banks approved valuator.

NOTE:

After the sale deed is executed, the original deed along with fresh encumbrance certificate and
possession certificate should be submitted. For purchase of plot alone all the documents as
above except the no. iv are to be submitted. After availment of the loan, encumbrance certificat
for four months after the date of mortgage is to be produced.

 ..

Home Decor Loan   To furnish houses/flats

Purpose  To purchase new household furniture, Refigerator, Electric fans, Air-conditioners, to

put up wardrobes, storage facilities or any other household items.

Eigibility 

1. Individuals availing Housing Loans from the Bank

2. Where a Housing loan was earlier obtained from us and the liability is still subsisting
without overdues.

3. When availing Housing Loans for taking over from other Banks/Financial institutions

Amount

15 % of Housing loan or Rs. 1.50 lacs whichever is less

Repayment maximum 10 years in monthly installments.

Interest rate  click here for interest rates

Processing charges

As applicable to Housing Loans

  
 ..

Gyan Jyothi  Education Loan     

The scheme provides financial assistance to deserving meritorious students to pursue higher
education in India and abroad 

PURPOSE

To meet the tuition and other fees\Examination\Library\Laboratory fee, cost of books\purchase

of Computers\equipments\instruments\uniforms and the cost of passage for studies
abroad. Caution Deposit, Building Fund, Refundable deposit subject to 10% of the Tuition Fee.
Any other expenses required to complete the course like study, tours, project work, thesis etc.
also be financed.

ELIGIBLE COURSES

Studies in India

a. Graduation courses, BA, B.Com, B.Sc, BBA, BCA, BBM.

b. Post Graduation Courses, Masters and Ph D.

c. Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental,

Management, Computer etc.

d Other courses leading to diploma, degree conducted by Colleges / Universities approved by

UGC / Govt / AICTE / AIBMS / ICMR.

e. Courses offered by National Institutes and other reputed private institutions.

f. Courses offered in India by reputed foreign universities.

g. Computer Certificate courses of reputed institutes accredited by Department of electronics or

institutes affiliated to Universities.

h ICWA, CA, CFA 

i. Courses conducted by IIM, IIT, IISC, XLRI, NIFT etc.

j. Regular Degree / Diploma courses like Aeronautical, Shipping etc approved by Director genera
of Civil Aviation / shipping if pursued in India. It also to be recognised by local aviation, Shippin
authority ( Pilot Training Course not included).

k. Evening courses of approved institutions.

l. Vocational Training and Skill development study courses. Distant / Offsite Education
Programme not eligible for loan.
Studies abroad

Graduation: For job oriented professional\technical courses offered by reputed universities.

Post graduation: MCA, MBA, MS etc.

Courses conducted by CIMA – London, CPA in USA.

ELIGIBILITY

The student should be an Indian National (NRIs not eligible)

i) have secured admission to professional\technical courses through entrance test\ merit based
selection process conducted by a Govt Agency / University

ii) have secured admission to foreign university institution.

Those who have not qualified through Entrance Test / Merit based selection procedure should
have secured 50 % marks for general and 45% marks for SC / ST Candidates in the qualifying
subjects, in the qualifying examination to be eligible for loan

BORROWER : Student and parent/guardian/spouse/parent-in-law/grand parents  jointly.

In the case of employed students\professionals, loans can be granted in individual names, with
suitable guarantee.

 LOAN Amount:

For studies in India Rs. 10 lacs

For studies abroad Rs. 20 lacs

MARGIN

Upto Rs. 4 lacs - Nil

Above Rs.4 lacs -  i) Studies in India - 5%

                               ii) Studies abroad -15%

INTEREST click here for interest rates (Interest Rebate :  1 % Interest concession if interest

debited during a financial year is remitted within one month of its debit in account)

0.5% concession for Girl Students.

PENAL INTEREST : 2% FOR LOAN ABOVE RS.2 LAKHS

REPAYMENT

To commence 1 year after completion of course or 6 months after getting job,

whichever is earlier. The loan is to be repaid in 5-7 years after commencement of
repayment.

SECURITY

Loans upto Rs.4 lacs : Co-obligation of parent/guardian/spouse/parent-in-law/grand

parents as the case may be. No security

Above Rs.4 lacs and upto Rs.7.5 lacs Co-obligation of parent/guardian/spouse/parent

in-law/grand parents as the case may be along with collateral  in the form of a
satisfactory third party guarantee required. 

For loans above Rs7.5 lacs Co-obligation of parent/guardian/spouse/parent-in-

law/grand parents along together with tangible collateral security of suitable
value along with assignment of future income of the student for payment of
instalments and tangible security of suitable value

Security can be in the form of land\building\ Govt. securities\public sector

bonds\units of UTI, KVP, LIC Policy, gold, shares\debentures, bank deposit in the
name of student\parent\guardian or any other third party with suitable margin.

PROCESSING FEE  

No processing fee for studies in India.

For studies Abroad

Upto Rs.4 lacs - 0.5%

Above Rs.4 lacs - 0.4%

(Refundable on availment of 1st instalment)

PAPERS TO BE SUBMITTED TO THE BANK

Two copies of passport size photographs.

Testimonials in original form from the head of the institution where the student
studied last and from one or two other respectable persons not related to the
student.

Proof of admission to the course.

Schedule of expenses for the course.

Documents required for KYC Compliance (ID and address proof)

Copies of foreign exchange permit (if applicable)

Copy of salary slip \ statement of income of parent \guardian.

FOR MORTGAGE OF PROPERTY

Original and prior title deeds.

Latest tax receipts.

Possession certificate.

Encumbrance certificate for the last 15 years from the Sub Registrar.

Title clear certificate from the banks approved advocate.

Valuation report from the banks approved valuator.

   ..

Sahaya Varsha

A clean demand loan to meet your short term funds/ financial needs for various
purchases/emergent requirements such as marriage, family functions, travel, education,
expensive medical treatment, operation etc.

PERSONS ELIGIBLE

i. Salaried employees having net monthly income exceeding Rs.5,000/- and maintaining
salary account with us
ii. Pensioners drawing pension from our Branch having known sources of regular net
monthly income exceeding Rs.2,500/-

AMOUNT OF LOAN

15 times of the net monthly salary / income, Minimum Rs.10,000/- and Maximum
Rs.2,00,000/-

MARGIN - NIL

INTEREST click here for interest rates

REPAYMENT
 6 to 60 months in Equated Monthly Installments.

SECURITY

Primary - Nil

Collateral -

i. Equitable Mortgage of property having value not less than 200% of the loan amount.  OR
ii. Third party guarantee of two or more persons of sufficient worth acceptable to the
Bank OR
iii.  

a) Check off facility with one personal guarantee for loan amount upto Rs.1 lac

b) Check off facility with one or two personal guarantee of sufficient worth for loan
amount above Rs.1 lac.

PROCESSING CHARGES

Loans upto Rs.25,000/- = Rs.100/-

Above Rs.25,000/- = Rs.250/-

PAPERS TO BE SUBMITTED TO THE BANK

1. Application form (in duplicate) and two passport size photographs

2. Proof of income

In the case of salaried persons

i. Salary Certificate showing deductions.

ii. Authorisation to deduct monthly installments from the salary of the employee for credit o
the loan account where check-off facility is available.
iii. Standing instruction to transfer monthly instalments from the salary account.

Pensioners

i. Authorisation to deduct the monthly installments from the Pension account.

ii. Proof for the other income.

For mortgage of property

a. Original and prior title deeds.

b. Latest tax receipts
c. Possession Certificate
d. Encumbrance certificate for the last 15 years from the Sub-Registrar.
 e. Valuation report from the banks approved valuator.

    ..

Suvidha Loan 

Loan against mortgage of immovable property

FOR PERSONAL NEEDS SUCH AS MARRIAGE RELATED EXPENSES, FOREIGN TRAVEL, MEDICAL
EXPENSES ETC..  

1. Nature of Loan : Term Loan

2. Purpose : Consumer needs – General Purpose Loan

3. Eligibility : Individuals who are :

a. employees of Government, Quasi Government, reputed companies/establishment

b. Professionals, self employed and others who are income tax assesses.
c. Engaged in agricultural and allied activities.
d. Net monthly income of Rs.12,000 for salaried persons or net annual income of
Rs.1,50,000 in the case of others.
e. The income of the spouse may be added if he/she is a co-borrower.

4. Age Limit : The age of the borrower should not exceed 60   years at the time of sanction.

5. Amount of Loan : 24 times the net monthly income for salaried persons or 2 times the net annua
income in case of others.

Minimum Rs.50,000 -  Maximum 1 Crore

6. Security : Equitable mortgage of non encumbered Residential /Commercial property in the name
and possession of the borrower/spouse/close relatives (provided the property holders become
guarantors for the relative loan)

7. Margin : 40 % of the market value of the property.

8. Repayment : Equated monthly installments within a maximum period of 120 months with a
check off facility in the case of salaried persons/60 months where check off facility is not
available.

9. Interest    click here for interest rates

10. Processing Fee : 2% of the loan amount. Max Rs. 50,000/-

11. Insurance : The property being mortgaged should be insured against the risk of fire/riots/
earthquakes/lightning/floods etc. in the joint names of the borrower and the Bank for the full market
value of the property.

12. Papers to be submitted :

a. Application form
b. 2 passport size photographs
c. Copy of the income tax return for last 2 financial years duly acknowledged by ITO.
d. Latest salary slip showing all deductions.
e. TDS Certificate – Form 16 in the case of salaried persons
f. If property offered is an agricultural land converted as non-agricultural, copy of the
relative order should be made available.
g. In the case of agriculturist a certificate of income issued by the village officer should be
produced.
h. In the case of individuals engaged in trade/industry etc. wherever latest IT returns are
not available, the annual income can be assessment based on the IT return for the
preceding year and the last balance sheet

12. Documents to be submitted

i. Title deeds of the property proposed to be given as security.

ii. Prior title deeds.
iii. Latest tax receipts (both building and land)
iv. Possession Certificate
v. Encumbrance certificate from the sub registrar for the last 15 years.
vi. After availment of the loan, encumbrance certificate for 4 months after the date of
mortgage is to be produced.

    ..

Prasanthi

A clean Demand Loan Scheme specially designed for Pensioners

1. Pensioners

All Central Civil, Defense, Railway, Telecom, KSRTC (Kerala State Road Transport
Corporation), KSEB, KWA,Kerala Agricultural University, State and Bank Pensioners 
whose pension accounts are maintained at our branches. Pension accounts include 
those accounts to which Bank acts as the Pension Disbursing Officer and those 
accounts to which pension amounts are received from DPDO.

2. Age limit  
 Should not exceed 75 years at the time of sanction of loan.

3. Eligibility and Amount of Loan

Age of pensioner upto 60 years - A maximum of 15 months pension with a ceiling of

Rs.1,50,000.

Age of pensioner over 60 years upto 65 years - A maximum of 12 months pension with a
ceiling of Rs.1,25,000.

Age of pensioner over 65 years upto 75 years - A maximum of 10 months pension with a
ceiling of Rs.1,00,000.

4. Guarantee

The spouse/nominee for family pension eligible for family pension should guarantee the
loan or any other family member or a third party worth the loan amount.

5. Margin          Nil

6. Interest       click here for interest rates 
7. Repayment   Age upto 60 years  -  54 equal monthly installments

                   Age above 60 years and upto 65 years - 48 equal monthly

installments
               
                   Age above 65 years and upto 70 years - 36 equal monthly
installments
8. Security        The nominee to the pension should be a guarantor.
9. Processing charges   0.5% of the limit, Minimum Rs.20/-
10. Papers to be submitted to the Bank

Application form and two passport size photographs.

11. Documents to be executed

i. Demand Promissory Note in favour of the spouse/nominee for family pension and
endorsed by the latter in favour of the Bank.
ii. DP Note Delivery Letter executed jointly by the borrower and the spouse/nominee.

..

Computer Loan

PURPOSE For purchase of home computers/PCs and other accessories like Printer/UPS etc.
PERSONS ELIGIBLE

Salaried and other regular income earners with a minimum of 3 years standing/ experience in
their line of activity and spouses of NRIs, based on the monthly income of NRI.

AMOUNT OF LOAN  15 times of Net Monthly Income (Maximum of Rs.1,00,000)

MARGIN  20% of the cost of items purchased

INTEREST        click here for interest rates  

DISBURSEMENT  Amount of the loan will be paid directly to the seller.

REPAYMENT PERIOD  Maximum 72 months

SECURITY

Primary : Hypothecation of computer and the accessories purchased out of Bank Finance.

Collateral : a. For Loans upto Rs.50,000

i. Wherever check-off facility is available – no collateral.

ii. Personal guarantee of one or more persons of sufficient worth where check off
facility is not available.

b. For Loans above Rs.50,000

Equitable mortgage of property of value not less than the loan amount or any
other tangible securities of sufficient value or personal guarantee of one or two
persons of sufficient worth.

INSURANCE  Insurance for loans above Rs.25,000

PROCESSING CHARGES

Loan Amounts Rural Branches Other Branches

upto Rs.10,000 Rs.40/- Rs.50/-
above Rs.10,000 Rs.4 /- per thousand Rs.5/- per thousand
PAPERS TO BE SUBMITTED TO BANK

i. Application form in duplicate with two passport size photographs.

ii. Proof of income

a. In the case of salaried persons :

 o Salary Certificate showing deductions.
o Authorisation to deduct monthly installments from the salary of the employee for
credit of the loan account where check off facility available.

a. In the case of business men/self employed/professionals :

o Audited accounts and balance sheet for the last three years.
o Statement of computation of taxable income/Income tax returns filed.

i. A proforma invoice of the items proposed to be purchased.

ii. Details of the guarantors wherever applicable.

DOCUMENTATION

i. Hypothecation agreement
ii. Guarantee agreement

GENERAL

i. Check off facility letter (if applicable)

ii. Certificate from the borrower on the reverse of the bill confirming the receipt of items in
good condition.
iii. Stamped receipt from the seller/supplier.

FOR MORTGAGE OF PROPERTY

a. Original and prior title deeds.

b. Latest Tax Receipt
c. Possession Certificate
d. Encumbrance Certificate for last 15 years
e. Title Clear Certificate from the Banks approved Advocate
f. Valuation Report from the Banks approved valuator.

..

Car Loan 

For NRIs & Residents

Persons Eligible

 Salaried and other regular income earners with a minimum of 2 years standing/
experience in their line of activity
 Spouse of NRIs, based on the monthly income of the NRI.
Amount of Loan

Eligible Amount Maximum

New Cars/Jeeps 30 times net monthly income Rs.30 lakhs

Second hand cars 30 times net monthly income

(vehicles upto 2 years old) Rs.4 lakhs

(vehicles 2 to 5 years old) Rs. 3 lakhs

* Margin Take over of Car loans (from other banks) can be considered.

**Reimbursement of expenses incurred for purchase of new cars by way of 

Hypothecation is also considered.

Margin

Up to Rs.20 lakhs - 15% of the road cost of the new car to be purchased (invoice cost+life
tax+Insurance)

Above Rs.20 lakhs - not less than 25%

25% for second hand cars upto 2 years old

40% for second hand cars above 2 years upto 5 years old

Repayment

New Cars 84 equated monthly installments

Second hand cars 60 equated monthly installments

Security

Primary : Hypothecation of the vehicle purchased out of bank finance.

Collateral (for loans above Rs. 50000/-) :

 Personal guarantee of one or two persons of sufficient worth.

Processing Charges  0.50% of the loan amount subject to a minimum of Rs.500/- and

maximum Rs.10000/-

Insurance Comprehensive Insurance is compulsory for all loans for purchase of vehicle.

Papers to be submitted to the Bank

  Application form (in duplicate)
 Passport size photos (2 nos)
 Proof of income
 A proforma invoice of the vehicle proposed to be purchased. Documents required for use
cars, please contact nearest branch
 Details of guarantors

    a. In the case of salaried persons :

i. Salary Certificate showing deductions

ii. Authorisation to deduct monthly installments from the salary of the employee for credit o
the loan account where check-off facility is available.

    b. In the case of self employed/professional/businessmen :

 Statement of computation of taxable income

.. Two Wheeler Loan 

For NRIs & Residents

Persons Eligible

 Salaried employees/pensioners, who are maintaining salary/pension accounts with us

where recovery of instalment at source is possible

Amount of Loan

Maximum Rs. 50,000 paid directly to the seller

Repayment

72 equated monthly installments

Security

 Hypothecation of the vehicle purchased out of bank finance.

 Personal guarantee of one person of sufficient worth
  
For more information please contact our branch in your neighborhood.

or email to   [email protected]