Quick Success Series : P Seg Loan Products

Quick Success Series

P Segment Loan Products

QUICK SUCCESS SERIES was envisioned by Sri Shailesh Kumar, who was then a Faculty at SBLC Deoghar and he along with Sri Rajeev Shankar (who is still in our team) converted their dream into reality, they did not really knew that time that QSS will become so popular and SBLC Deoghar will receive overwhelming demand for its updated version year after year from various parts of the country. A special thanks to both of them for conceiving QSS. One of the hall marks of excellence is that any product remains constantly in demand and over years, the demand grows. Team Deoghar is humbled by the response and recognition, it has received from various users of QSS. Our sincere thanks to our readers.Your expectations will keep us live and kicking. I take pride in representing a Team comprising of Sri Akhil Kumar Mishra, Chief Manager (Training), Sri Shiv Prakash Jha, Chief Manager (Training), Sri Rajeev Shankar, Chief Manager (Training), Sri Champak Das, Manager (Training) & Sri Rakesh Roshan, Manager (Training), who have owned up QSS like their own baby and are constantly contributing towards value addition and keeping it relevant and up to date for the users. We hope that this edition will be equally useful for various promotional exams. We request our readers to point out any lapses at the earliest, though we have taken adequate care to be as correct as possible. This book is however not a substitute for circular instructions issued by the Bank from time to time.Our Team wishes you grand success in all your endeavours.

S K Rana
Assistant General Manager, State Bank Learning Centre, Deoghar- 814112 Phone- 06432-232895 Fax - 06432-231810 E-mail: agmstc.deoghar@sbi.co.in

Updated By Akhil Mishra, CM (Trg), SBLC, Deoghar Mobile-9162209158 Emailmishra.akhil@sbi.co.in

Updated upto 28th February 2013

Quick Success Series : P Seg Loan Products

AGM may relax it if i) Property in joint name of all borrowers & ii) Repayment through Joint A/C. @For furnishings / consumer durables: 10% of the project cost or Rs. 6 lacs whichever is less. For repairs / renovations: The maximum loan amount should not normally exceed Rs 10 lacs. Expected rent accruals from the proposed house being let out (net of taxes, cess etc.) may be reckoned for computation of Loan Amount subject to it not exceeding applicants NAI Regular income from all sources including performance linked incentives, bonus etc can be considered, in whole or in part. Average of last two years, to be taken to compute NAI SA may permit adding back of depreciation to compute NAI in case of loan to businessmen, professionals and self-employed individuals who run the business/activity on proprietorship basis and who have availed loans only from us for buying the assets on which depreciation is being claimed EMI/NMI Ratio: Net Annual Income EMI/NMI ratio Upto Rs.60,000/ -20% Above Rs.60,000/- and upto Rs.1,20,000/ -25% Above Rs.1,20,000/- and upto Rs.2 lacs. -30% Above Rs.2 and upto Rs. 5 lacs. -50% Above Rs.5 lacs and upto Rs.10 lacs. -55% Above Rs.10 lacs. -65% Margin: Loan For House House for amount under ready construction possession Upto Rs. 75 20% 15% Lacs Above Rs. 75 25% 15% Lac @ Margin will be calculated on the basis of total project cost but the maximum permissible loan amount would be restricted to the stipulated LTV ratio

Home Loan
Purpose: 1) purchase a plot of land for purpose of construction of house 2) purchase /construct a new house/flat 3) purchase an existing (old) house / flat or extend an existing house 4) repair or renovate an existing house /flat 5) furnishing / consumer durables as part of the project cost. 6) re-imbursement of investment made from own resources during the preceding twelve months for purchase /construction /repairs /extension of house. A higher margin of 25% will be insisted upon. Maximum Loan Amount: a) Construction Linked Disbursements Amount Loan to value (LTV) Ratio for construction linked disbursement For Home under House ready construction for possession 90% Upto Rs. 90% 20 lacs Above Rs. 80% 80% 20 lacs b) Advance Disbursement Facility (ADF) Home Loan LTV Discretionary power Amount Ratio for sanctioning concession in LTV Loan up to 75% GM (Network) may Rs. 1.00 crore approved LTV ratio up to 80% Loan above 75% CGM (Circle) may Rs. 1.00 crore approved LTV ratio up to 80% Eligibility: Age- Min 18 Yrs; Loan to be fully repaid by the age of 70 Yrs; SA (Sanctioning Authority) may sanction loans to individuals above 70 years, provided son / daughter / spouse, below the age of 50 years, with sufficient income for servicing the loan repayment, joins as co-borrower / guarantor Platinum Age Limit- 75 Yrs if i) Estimated Rental Value 80% of EMI & ii) Margin 30% Age of younger borrower will be taken for fixing repayment period No. of Co-borrowers- 3 (including Spouse/ Children / Parents / Siblings)

Processing Fee Loan Amount Processing Fee Upto Rs. 25 lacs 0.25% of loan amount, minimum Rs. 1000/ Above Rs. 25.00 lacs and upto Rs. 75 lacs Rs. 6500/ Above Rs. 75 lacs Rs. 10000/

Quick Success Series : P Seg Loan Products

Penal Interest on Irregular Loans: i. No penal interest should be charged for Home Loans upto Rs.25,000/ii. For Home Loans above Rs.25000/- , if the irregularity exceeds EMI or Installment amount, for a period of one month, then penal interest should be recovered @ 2% p.a. (over and above the applicable interest rate) on the overdue amount for the period of default. If part installment or part EMI remains overdue, then penal interest should not be levied. Pre-closure penalty: It has been decided to discontinue the preclosure/pre-payment penalty on all Home Loans irrespective of the period for which the account has run or the source of funds. Moratorium: for buildings up to 7 floors 18 Months 14 floors 24 months 21 floors 30 Months More than 21 floors 36 Months Maximum Repayment 30 Yrs (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early. For Home Loan Borrowers falling under Commercial Real Estate (CRE) and Individuals engaged in business maximum loan tenor will be 25 years Centralised mailing of Housing Loan Interest Certificate Interest certificates are despatched centrally to all Home Loan borrowers at addresses recorded in CBS. First such despatches, in respect of of FY 2011-12, took place in May 2012.
Loan for more than one house may be approved subject to satisfactory conduct of existing loan accounts as evidenced from account statement & CIBIL Report Obtention of duly signed 48 PDCs required. However, where mandate of repayment is through ECS Debit or SI, presigned and undated cheques need not be taken. Section 25 of the Payment and Settlement System Act, 2007 provides punishment for dishonor of Interim security pending creation of Charge may be waived by SA or AGM(Region)/(Branch) if applicant is of undoubted integrity & standing and also in case of loans of employees of Central/State Govt, PSUs and reputed Corporations and Institutions, if check-off facility is provided along with an irrevocable undertaking from the employer for making repayment of outstanding loan out of any amount payable to the employee including terminal benefits on retirement / resignation towards all dues pertaining to the account. @ Prospective borrower(s) can exercise one time option while submitting loan application, to avail Home Loans either at the place of construction or place of employment/ profession/business activity, at a place of residence or at a Branch located at other centre where he/she has ongoing relationship for last 2 years, by securing the loan repayment through check-off facility or by obtaining post-dated cheques/ECS/S.I. as per extant instructions. Turn Around Time (TAT): Government of India (GOI) desired that a Board approved policy on the time norms for disposal of loan applications be put in place. Accordingly, Executive Committee of the Central Board (ECCB) has approved the policy of disposal of home loan proposals as under : RACPC/RASMECCC Different scenario Sourcing Processi entities ng entities l TAT for sanct ion 6 6 12 16

Under builder tie-up (same centre) Under builder tie-up (other centre) Out of Builder tie-up (same centre) Out of Builder tie-up (other centre) Documentation/ Disbursement

2 2 2 2 2 Days

4 4 10 14

electronic funds transfer on account of insufficient funds etc.

Quick Success Series : P Seg Loan Products

RCPC Sourced by MRT 7 days Sourced by Branch/BC/BF 9 days

Purpose of Direct Location Home Loan Purchase/constructi on of a dwelling unit per family Purchase/constructi on of a dwelling unit per family Repairs to damaged dwelling units per family Repairs to damaged dwelling units per family Metro with population > 10 lacs Other Centre Rural & Semi-urban areas Urban & Metro areas

Max_m loan amount 25 lac

@ The in-principle approval shall be valid for 30 days from the date of issue. Inspections: @ Property inspection is to be carried out and recorded at each stage of disbursement thereafter once in every 3 years. @ If repayments are in arrears for two successive months, inspection should be conducted immediately. @ For NPAs: At half - yearly intervals Title deeds verification / Search report: For Home Loans for amounts below Rs.1 crore, a search for a period of 15 years, instead of 30 years. However, in respect of properties belonging to Government, LocalAuthorities, etc., 30 years search report will be necessary. For Home Loans of 1 crore and above, the Bank may request the empanelled lawyer to give a search report within 4 to 6 days covering a period of 15 years. If no encumbrances are found, the Bank can process the application to grant the loan and arrange for execution of documents etc. In the meantime, Banks empanelled lawyer should make a search for the period of 15 years prior to the 15 years for which search report has already been provided. Optional Group Insurance Scheme for Home Loan Borrowers : SBI Life Insurance Company Ltd (SBI Life) has introduced a new group credit life product named RiNn Raksha. The scheme will provide life coverage for the credit amount to home loans borrowers. Home Loan borrowers with loan limit of Rs. 25.00 lacs and above may choose between RiNn Raksha (Group Policy) and Smart Shield (Individual Policy).Both the policies are offered by SBI Life.

15 lacs

2 lacs

5 lacs

Revised RBI guidelines with effect from 20.7.2012 Priority Sector Advances (staff loans excluded)

Engagement of Builders as Marketing Associates: The builders with whom we have tie-up arrangements, are engaged as our Marketing Associates (MA) for promoting our Home Loans. MAs will be paid service charges of 0.25% of the loan amount for every case directed to the Bank (only if the loan is ultimately sanctioned and disbursed by us) Empanelment of Home Loan Counselors (HLCs) at Branches linked to RACPCs: Individuals from SBI Home Loan customers (other than staff) and others as Home Loan Counselors (HLCs) for sourcing Home Loan proposals. Remuneration: 1. For HLCs sourcing Home Loan business upto Rs. 5 crore per month : 0.25% of the loan amount, maximum Rs.50000/ per proposal. 2. For HLCs sourcing Home Loan business more than Rs. 5 crore per month : 0.30% of the loan amount, maximum Rs.60000/ per proposal.. Provision of accepting liquid securities in lieu of mortgage of residential unit The stipulation of mortgage of the residential property financed by us, may be waived provided in lieu thereof the loan is secured by pledge of liquid securities of adequate value viz. (i) Term Deposits ( including NRE/FCNB deposits) in own name/ in the name of third party (ii) NSCs/KVPs in own name/ in the name of a third party (iii) Life Insurance Policies in own name (to the extent of surrender value), Govt.

Quick Success Series : P Seg Loan Products

Promissory Notes in own name or in the name of the third party etc and such other tangible liquid securities as may be deemed appropriate by the sanctioning authority subject to the margins stipulated in the scheme for finance against the securities concerned. Where ever, the security tendered stands in the name of the third party, he/she should guarantee the home loan. search reports to be obtained one before loan sanction another before disbursement from two different empanelled lawyers iii) CIBIL Credit Information Report on the borrower to be obtained twice - one during loan sanction process and another before disbursement of loan Max Repayment 180 Months Margin- 50% in excess of Rs 1 Cr; 25% above Rs 75 lac & upto 1 cr; 20% up to Rs 75 lac EMI/NMI Ratio 30% - NAI Upto 2 lacs 40% - NAI Above 2 lacs & Upto 5 lacs 45% - NAI Above 5 lacs & Upto 10 lacs 50% - NAI Above 10 lacs May be relaxed by 10% by Sanctioning Authority if Customer undertakes to complete the construction of House with own sources

HOME LOAN TO BUSINESSMEN Should have been making profit continuously over last three years Minimum loan amount - Rs.25 Lacs (Loan higher of Income as per ITR + Depreciation Claimed or 5% of Annual Sales Revenue) Minimum Margin - 30% (applicable only when loan amount eligibility is worked out on the basis of Annual Sales Revenue instead of I.T. Returns) Type of facility - Term Loan (Max Gain in the form of overdraft facility not permitted) NRI HOME LOANS Individual (s) over 18 years of age with a steady source of income and should have been
employed for at least 2 years and presently holding a valid job contract / work permit. Loan Amount: Minimum Rs. 3.00 lacs Repayment: A maximum tenure of 30 years to be fixed subject to the loan to be fully repaid by the age of 60 Yrs.

SBI MAXGAIN
Facility HL with Overdraft facility (with ATM, INB, Cheque book) Should have SB/CA (Existing or Prospective) with minimum balance of Rs 5000/This stipulation not applicable to Salary Accounts Min loan -5 lac; Max- No upper ceiling.

SBI REALTY Home Loan for purchase of Plot Maximum Loan Amount Rs 10.00 cr Maximum period for construction of house: 2 years from the date of availment of the loan Penalty in case of delay in construction- Higher of Rate applicable to Personal Loan against Mortgage of Immovable Property or 5.25% above the Base Rate after expiry of stipulated period For loans above Rs 50 lacs i) prior administrative clearance is required from the AGM Region / Branch in all cases where sanctioning authority is an official of a lower grade i)Property to be valued by two independent empanelled Valuers- Lower of the two valuations to be considered & ii) two title

Conversion of Existing Home Loan ( Term Loan) To Max gain Account (OD) a) On receipt of option letter his/her term loan account may be closed and a new Maxgain account may be opened subject to the customer fulfilling the criteria of availing a Maxgain home loan. The rate of interest, limit, DP, outstanding and tenor will be the same as the original loan account except for loans over Rs. 1 crore where a premium of 0.25% over the existing rate of interest will be charged as per extant instructions. b) The home loan sanctioning authority may authorize the conversion. c) A fee of Rs. 1000/ will be charged as processing fee.

SBI HOME PLUS (PERSONAL LOAN) HAS BEEN DISCONTINUED. A NEW PRODUCT SBI HOME EQUITY HAS BEEN LAUNCHED

Quick Success Series : P Seg Loan Products HOME EQUITY

Existing Home Loan customers with a satisfactory repayment record of at least one year provided possession of the house has been taken by the borrower & valid mortgage has been created. Loan -75% of Property Value O/s in HL A/c Min loan- 50000/-; Max 2 crore Facility TL or OD (with ATM) EMI/NMI Ratio - Net Annual Income (NAI) Permissible EMI/NMI Ratio town with population not exceeding 50000 as per census 2001 LIMIT- Max 1 lac ( for purchse of land) Max 2 lacs(For Repairs/ Renovations) Max 5 lacs Gram Niwas (For Construction/ Purchase of house) Facility TL or OD with ATM Max Repayment 15 Years Margin-10% Loan upto Rs 50000/15% Loan above 50000/- & Upto 5 lacs 20% Loan Above 5 lacs EMI/NMI Ratio 25% - Last 2 Yrs Average Annual Income Upto 40000/45% - Last 2 Yrs Average Annual Income Above 40000/- & Upto 2 lacs 55% - Last 2 Yrs Average Annual Income Above 2 lacs & Upto 5 lacs 60% - Last 2 Yrs Average Annual Income Above 5 lacs

> Rs. 2.00 lac <= Rs. 5.00 lac 50% > Rs. 5.00 lac <= Rs. 10.00 lac 55% > Rs. 10.00 lac 65 TRIBAL PLUS (FOR HILLY/ TRIBAL AREAS) Age Min 21 Yrs; Loan to be fully repaid by the age of 65 Yrs For Employees Min 5 Yrs of Service; Loan 36 times NMIs Max loan- 10 lacs Margin- 15% (Construction/ Purchase); 20% (Repair) TPG of another employee or group of employees Min Liquid Security 30% of loan amount AGM Region/Branch may reduce it to 15% of the loan amount in respect of tie-ups with govt. Depts, reputed corporates with availability of bulk business potential of not less than Rs.2 cr. For Professionals, Self employed, businessman and agriculturists Min 5 Yrs of Experience and i) Maintaining deposit A/c with Avg Bal of Rs 5000/- for last 2 Yrs or ii)maintaining loan account for a minimum period of 2 years(without any instance of overdues and bouncing of cheques etc) and classified as Standard Assets; Loan 2 times Average NAI for the last 3 Yrs TPG or group guarantee equal to or more than the loan amount Min Liquid Security 50% of loan amount ; Max Repayment 15 Years

SAHYOG NIWAS
Rural Home Loans to SHGs for on lending to its members SHGs should have good track of payment records for 2 Yrs Loan Amount 10 times the savings of the corpus of SHG including limits already sanctioned

EARNEST MONEY DEPOSIT SCHEME

Loan upto 100% of application money Max Rs 10 lakh Age Min 21 yrs; Facility Demand Loan Repayment i) By refund in case of Non Allotment or ii) By Regular HL in case of allotment but not more than 12 months from the date of disbursement of the loan

REVERSE MORTGAGE LOAN

Age: Above 60 Yrs (First Borrower); When Loan Jointly with spouse Age Above 58 Yrs Should not have more than one surviving spouse Undertaking to not remarry during loan term Loan availed jointly with spouse: Loan Tenor 15 Yrs if age of Younger Borrower upto 68 Yrs & Loan Tenor 10 Yrs if age of Younger Borrower above 68 Yrs Loan availed in single name: Loan Tenor 15 Yrs if age of Borrower upto 68 Yrs and Loan tenor 10 Yrs if age of Borrower above 68 Yrs

GRAM NIWAS
Age - 18 years to 50 years. Age > 50 Yrs may be considered if all the legal heirs join as guarantor Should have satisfactorily conducted account with us or a member of a Self Help Group having savings / loan accounts with us. Residential Property should be located in Rural Area Comprising any village or any area in a

Quick Success Series : P Seg Loan Products

Loan Amount 90% of value of property (it includes interest till maturity) Min 3 lacs Max 1 Cr Loan may be disbursed in Monthly/ Quarterly Installments or 50% in lump sum and remaining 50% through periodic payments YUVA HOME LOAN Salaried employees of Private Sector, MNCs, Govt, PSUs & Govt Undertakings Age: YUVA 21 to 45 Yrs; Min NMI Rs 30000/- ; Expected Rental Income from proposed property not to be added Fixed Loan Term of 30 Years The loan under the scheme will be available both by way of term loan and overdraft under Maxgain facility. An option from the customer in this regard will be obtained at the time of application. Repayment First 36 Months Only Interest EMI to be paid from 37th month onwards i.e. in 204 EMIs Loan Amount 20% extra i.e. 1.2 times the loan as per Regular HL based on EMI/NMI ratio Benefit under Corporate Salary Package if employer Company Covered under CSP If not under CSP, then Festival Loan (DL) equivalent to 3 Months NMI repayable within 36 Months permitted

GREEN HL
Financing Green Buildings (Energy Savings 2030% & Water Savings 30-50%) Incentives 5% waiver in Margin, 0.25% Concession in Interest Rate & Waiver of Processing Fee

CRE HOME LOAN The maximum number of houses/flats/plots will be restricted to 3 under CRE Home Loans over and above the two units permissible under Home Loan Scheme. In cases where total units, including existing and proposed, exceed 5, the loan proposal will be processed under SME (CRE). In other words, CRE Home Loan interest rates will be applicable to a maximum of 3 units beyond which SME interest rates and repayment terms will apply. Any interest concession available under different tie-up arrangements or under special marketing campaign will be not applicable on CRE Home Loans. ISHUP
(Interest Subsidy Scheme for Housing the Urban Poor) Home loan with Central Government subsidy to EWS /LIG persons Average Annual Household income Upto Rs 100000/- (EWS); Rs 100001/- to Rs 200000/- (LIG) Max Loan Amount Eligible for subsidy Rs 1 Lac Loan Term 20 Yrs including moratorium period Interest subsidy @ 5% on admissible loan amount over the full period of loan Net Present Value of Subsidy discounted @ 9% payable upfront

HOME LOAN PAL ( PRE-APPROVED LIMIT )

KYC compliance and Assessment of eligible loan amount are completed before finalization of the property deal by the borrower Borrowers get assured of eligible loan amount and the time to be taken for disbursement PAL will be valid for a period of4 months Available at RACPC only Min loan amt - 10 lacs

Housing Loans Priority sector Advanceslimit is increased from Rs. 20 lacs to Rs. 25 lacs irrespective of location.

CAR LOAN
.

TWO SINGLE PRODUCTS NAMELY EZEE CAR LOAN, ADVANTAGE CAR LOAN HAVE BEEN MERGED TO KEEP ONE SINGLE PRODUCT SBI CAR LOAN SCHEME SBI CAR LOAN SCHEME
Min NAI Rs 250000/Loan Amount:Maximum loan amount:

PREMIUM HL
Facility- TL or OD (OD as in Maxgain up to Rs 1 Cr Interest over the tenor of loan- At Card Rate 1.75% above Base Rate (Present Base Rate- 8% p.a.) Loan amount- above 75 lacs

Quick Success Series : P Seg Loan Products

a) For Salaried: The maximum loan amount that can be granted would be restricted to 48 times the net monthly income of salaried persons (i.e., net of all deductions including actual monthly tax deductions at source). b) For others: Up to 4 times the Net Profit or Gross Taxable Income per annum as per ITR after adding back depreciation and deducting repayment of all existing loans. Repayment Max of 7 Yrs for all Margin:15% of the total cost of the vehicle i.e. on road price. The total cost of vehicle is inclusive of one time road tax, octroi, registration, insurance and accessories. The maximum cost of accessories should not exceed 5% of the cost of vehicle or Rs.25,000/- whichever is less. The sanctioning authority will have the discretion to reduce the margin by 5% where check off facility from a reputed employer is available. In case of customers under Corporate Salary Package/tie-up, margin is reduced by 5% and loan is available up to 90% of the on road price of the vehicle. Interest RateSBI Car Loan Scheme (TL/OD)- 0.75% above Base Rate i.e.10.45% p.a. (for all periods). Network GMs have discretion to quote concession of 0.25% in interest rate to all customers who are eligible under the Corporate Salary Package subject to upper ceiling on concessions, prescribed from time to time. Penal Interest:If the irregularity exceeds EMI or Installment amount, for a period of one month , then penal interest would be charged @2% p.a.(over and above the applicable interest rate) on the overdue amount for the period of default. If part installment or part EMI remains overdue, then penal interest should not be levied. This provision has been made to avoid application of penal interest on Personal Segment Loan accounts where stipulated EMIs or instalments are being paid regularly by the borrowers. EMI/NMI Ratio: 50% - NAI upto Rs 5 lacs
60% - NAI Above Rs 5 lacs & Upto Rs 10 lacs 75% - NAI above Rs 10 lacs

Processing Fee:Processing fee will be recovered on the loan amount upfront as under: i) When loans are sanctioned: 0.51% of the loan amount subject to minimum of Rs. 1020/- and maximum of Rs. 10200/-. ii) When loans are rejected: 25% of the Processing Fee will be retained if the application is rejected after pre-sanction survey subject to Minimum of Rs. 510/- and maximum of Rs. 2550/-. iii) The General Manager of respective Network at the Circle can reduce processing fee up to 50% on business consideration. In case of the takeover of the car loans of Rs. 5 lakhs and above from other banks/NBFCs the DGM (B & O) and Network Head can give discretion to waive processing charges up to 50% and 100% respectively. Free Group Personal Accident Insurance (Death Only) Cover for HL/Car Loan borrowers tie up with SBI General Insurance Comapany Ltd.- The maximum insurance cover amount has been increased to Rs.50.00 lacs (Home and Car loan outstanding taken together). In case of joint borrowal accounts, the claim amount is payable on a pro-rata basis. The present insurance cover has been taken for one year i.e. from 02.07.2012 to 01.07.2013. CAR LOAN USED
Min NAI- Rs. 100000/-

Net monthly income of applicant(s) should be at least 2 times of EMI.

Vehicle should not be more than 5 Yrs old Registration book should not be duplicate one;

Certificate of fitness/valuation from a reputed garage would be required.

Repayment within 7 Yrs from date of original sale Margin- 15% : Loan Amount- 30 times NMI or 2.5 times NAI subject to a maximum of 15 lacs. Rate of InttUp to 3 years: 7.25% above Base Ratei.e.16.95% p.a. Above 3 years: 7.50% above Base Rate i.e.17.20% p.a.

CERTIFIED PRE OWNED CAR LOAN

Quick Success Series : P Seg Loan Products

Valuation of Vehicle not required; Vehicle will be certified by used car dealers Dealers pay the sellers of used cars without transferring the ownership in their name As and when they find the purchaser, the vehicle is sold and ownership transferred to purchaser So, Stamped indemnity to be obtained on Dealers letter head to protect Banks Interest Other conditions as applicable to Used Car Loan Scheme Rate of Intt- Up to 3 years: 6% above Base Rate i.e. 15.70% p.a. Above 3 years: 6.50% above Base Rate 16.20% p.a.

Campaign Top Gear during the month of December 12 target 50000 cars CAMPAIGN GRAND PRIX- Campaign for achieving specific targets OF 60000 car loans pan India during Feb & March 2013.

TWO WHEELER LOAN

For regular petrol/diesel/gas operated scooters & motor cycles: Min. NMI Rs. 6,250/-; or Min. NAI Rs. 75,000/For mopeds and battery-operated Two-wheelers: Min. NMI 5000/-; or Min. NAI 60000/Loan 6 Months NMI or half of NAI Max Repayment 36 Months Margin- 15%

CAR LOAN TAKEOVER

Vehicle should not be more than 2 Yrs old under single ownership No Insurance Claim should have been availed Loan with other bank should be a Standard Asset Interest as per new vehicle if change in ownership is not envisaged Reimbursement of costs of unencumbered vehicles upto 2 Yrs of age permitted

SBI STUDENT LOAN

To be sanctioned in the jointly in the name of the Student and his Parent/ Guardian LIMIT : a) Max 20 lacs (For Studies Abroad, Ifa student needs additional loan Top up loan upto Rs. 30 lacs may be sanctioned)) b) Max 10 lacs (For Studies in India) Margin- Nil- Loan Upto 4 lacs 5%- Loan Above 4 lacs (Studies in India) 15%- Loan Above 4 lacs (Studies Abroad) No Security for loans upto 4 lacs - Each ward of a parent/guardian may be sanctioned loans upto Rs. 4 lakhs individually without insisting for any security For Loans Above 4 lacs & upto 7.50 lacs Suitable TPG For Loans Above 7.50 lacs Tangible Collateral Security of Suitable value Moratorium Course Period + 1 Year or 6 months after getting Job, whichever is earlier

CAR LOAN OD
Min Loan - Rs 3 Lac Facility OD (ATM, INB, Cheque book) Margin- 15%

NRI CAR LOAN

NRI/PIO Guarantor & NRIs/PIOs Nominee Principal Borrower Age 21- 65 Yrs (for both); Loan to be repaid fully before guarantor turns 65 Yrs of Age NRI (Guarantor) should be employed abroad for at least 2 Yrs maintaining NRI A/c with SBI for at least 12 months with min average bal of Rs 50000/- or New Account with USD 5000/- or equivalent Guarantor - Min NMI USD 1000 or Min NAI USD 12000

Loan Amount Loan amount would be given on the basis of guarantors income. Maximum Loan Amount :- 18 times of NMI 1.5 times of NAI (of Guarantor)
Margin- 15% Repayment-7 years.

Rate of Intt. w.e.f. 04.02.2013 For loans upto Rs.4 lacs 350 bps above Base Rate i.e., 13.20% p.a. currently Above Rs.4 lacs and upto Rs.7.50 lacs 375 bps above Base Rate i.e., 13.45% p.a. currently Above Rs.7.50 lacs 175 bps above Base Rate i.e., 11.45% p.a. currently 50bps concession in interest rates for girl students, 1% concession if interest is serviced promptly during moratorium period

Quick Success Series : P Seg Loan Products

Loan to be repaid in 5-7 Yrs after commencement of repayment @ Loans upto Rs. 10 lacs for studies in India and Rs. 20 lacs for studies abroad are reckoned under priority sector advances

SBI SCHOLAR LOAN

To be sanctioned jointly in the name of the Student and his Parent/ Guardian Sanction & Disbursement At Campus/ Branch designated by Circle near the campus (After completion of the studies and if the student desires, the loan account may be transferred to a branch closer to the place of co-borrower and preferably to the branch which has made KYC verification at the time of availing loan for tracking purposes) Limit: a) Max 20 lacs,with tangible collateral security 30 lac SBI Scholar (List A-10 institutes) b) Max 15 lacs, with tangible collateral security 20 lac SBI Scholar (List B 63 Institutes) c) Max 10 lacs with tangible collateral security 15 lac, SBI Scholar (List C- 42 Institutes) Margin- Nil- SBI Scholar Loan Upto 4 lacs 5%- SBI Scholar Loan Above 4 lacs No Security- however, Parental Co-obligation may be substituted by a suitable TPG Moratorium- Upto 6 months after completing the course Rate of Intt. Wef 04.02.2013 175 bps above Base Rate i.e.,11.45% p.a. currently (Irrespective of the loan amount) 50bps# concession in interest rates for girl students, 1%* concession if interest is serviced promptly during moratorium period, including course duration. For select 19 institutes Reduced ROI institutions: 100 bps above BaseRate i.e., 10.70% p.a. currently.

Students who have appeared in any Entrance Test, secured passing marks but could not get admission due to lower ranking and who opt to pursue the course under Management Quota in the same Institution or another Institution for reasons of convenience (proximity) or choice of course, will be eligible for sanction of Education Loans. For courses under Management Quota seats considered under the scheme, fees as approved by the State Government/ Government approved regulatory body for payment seats will be taken.
INTEREST SUBSIDY SCHEME ON EDUCATION LOAN FOR ECONOMICALLY WEAKER SECTION PROPOSED BY MINISTRY OF HRD, GOVT. OF INDIA @ The scheme is known as Central Scheme to provide Interest Subsidy for the period of moratorium on Education Loans taken by students from Economically Weaker Sections (EWS) with annual gross parental/family income upto Rs.4.50 lacs per annum from the academic year 2009-10. @ The scheme could be adopted by all scheduled banks and would be applicable only for studies in recognized Technical/Professional courses in India. @ The subsidy is provided for the period of moratorium i.e. course period plus one year or six months after getting job whichever is earlier. @ The interest subsidy under the scheme shall be available to the eligible students only once either for the first undergraduate degree course or the post graduate degree/diploma in India. @ The scheme shall be implemented through Canara Bank, which is the Nodal Bank. Applicability of Interest Subsidy Scheme to our Bank : Under Education Loan Scheme, we have two schemes at present. i. SBI Student Loan ii. SBI Scholar Loan Under the above schemes, education loans for eligible students for studies in India upto a maximum limit of Rs.10 lacs would be eligible for interest subsidy.

SBI LOAN SCHEME FOR VOCATIONAL EDUCATION AND TRAINING Objective The Scheme aims at providing financial support from the Banking System to those who have the minimum educational qualification, as required by theInstitution / Organization running the course eligible under the Scheme. Eligibility The student should be an Indian National The student should have secured admission in a Course run or supported by a Ministry/ Dept./Organisation of the Govt. or a

Quick Success Series : P Seg Loan Products Company/ Society/ Organization supported by National Skill Development Corporation or State Skill Missions/ State Skill Corporations, preferably leading to a Certificate/ Diploma/ Degree, etc. issued by a Govt. Organization or an Organization recognized/ authorized by the Govt. to do so. Parameter Guidelines Courses Eligible Vocational/ Skill Development Courses of duration from 2 months to 3 years run or supported by a Ministry/ Dept./ Organisation of the Govt. or a Company/ Society/ Organization supported by National Skill Development Corporation or State Skill Missions/ State Skill Corporations, preferably leading to a Certificate/ Diploma/ Degree, etc. issued by a Govt. Organization or an organization recognized/ authorized by the Govt. to do so. State Level Bankers Committee (SLBC)/ State Level Coordination Committee (SLCC) may add other Skill Development Courses/Programmes, having good employability. Minimum Age There is no specific restriction with regard to the age of the student to be eligible for the loan. However, if the student is a minor, while the parent executes documents for the loan, the Bank will obtain a Letter of Ratification from him/ her upon attaining majority. Quantum of Finance Need based finance, to meet expenses, will be considered subject to thefollowing ceilings: For Courses of duration upto 6 months Rs. 50,000/ For Courses of duration above 6 months Rs. 1,00,000/Expenses Considered for Loan Tuition / Course Fee Examination / Library / Laboratory fee Caution deposit Purchase of books, equipments and instruments Any other reasonable expenditure found necessary for completion of the Course. (As such courses are localized boarding, lodging may not be necessary. However, wherever it is found necessary, the same could be considered on merits) Margin Nil Simple Interest will be charged during the study period and upto commencement of repayment. Servicing of interest during study period and the moratorium period is optional for students. 1% concession in rate of interest to be provided for full tenure of the loan if full interest is serviced during the moratorium period (including course duration). The interest should be serviced promptly soon after application but not later than the following month to avail the concession as interest application is presently done on the last day of the month. Processing Charges Nil Security No collateral or third party guarantee will be taken. However, the Parent/ Guardian will execute loan documents along with the student, as joint Parameter Guidelines borrower (co-borrower). Spouse may be included as co-applicant wherever applicable, in addition to Parent/ Natural Guardian. Moratorium Period Upon completion of the course, repayment will start after a moratorium period as below: Courses of duration upto 6 months: 6 months from the completion of the course Courses of duration more than 6 months: 12 months from the completion of the course Repayment The loan will be repaid after the moratorium period in Equated Monthly Instalments (EMIs) as under: Courses of duration upto 1 year: Upto 3 years Courses of duration above 1 year: Upto 5 years

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Max age - 60 years Min NMI - 12000 (For salaried); Min NAI - 150000 (For others) Loan- 75% of Value of Property but EMI/NMI not exceeding 50% Min loan - 25000/- Max - 1 Cr Repayment (TL) - Max 120 Months or date of Retirement where check off otherwise 60 months Repayment (OD) - Max 60 Months, Monthly reducing DP EMI/NMI Ratio- 50%

SBI SARAL
Min NMI - Rs 5000/-; Loan- 12 times NMI (Max Rs 10 lakh); Repayment 6-48 Months Individuals other than salaried person not eligible Min Loan- 10000/- (R & SU) & 24000/- (Metro & Urban) Max Loan- 10 lacs EMI/NMI Ratio- 50% Rate of Intt- 850 bps above Base Rate i.e.,18.20 % p.a. currently

SBI LOAN TO PENSIONERS

Age up to 70 Yrs Max Repayment 60 EMIs Age 70-72 Yrs Max Repayment 48 EMIs Max Loan- 1 lac (For Family Pensioner Max Age 65 Yrs) Loan Max 12 Months Net Pension (For Family Pensioner Max 9 Months Net Pension Max Rs 50000/-; EMI/NMI Ratio- 25%) Loan above 25000 to be guaranteed by spouse or any family member/3rd party worth the loan ROI- 475 bps above Base Rate i.e.,14.45% p.a. currently.

XPRESS CREDIT
Min NMI Rs 5000/- (Min NMI Rs 3000/- if salary accounts of entire enterprise with us) Loan 24 Months NMI Max 15 lacs; Repayment- Lower of 60 EMIs or Remaining Service Facility- TL only Interest Rate based on type of Check Off Full Check off ROI 5.00% above Base Rate; Partial Check off ROI 5.50% above Base Rate; No Check off 7.00% above Base rate EMI/NMI Ratio- 50% FESTIVAL LOAN SCHEME Employees with min. 2 yrs service; Self employed with min. 3 yrs standing. NMI of Rs 3000 & above Min loan- Rs.5000; Max - Rs.50,000 subject to 4 times the NMI. Loan up to Rs.1 lac to individuals who are either employees and provide check off facility or are well established self employed whose dealings with us is satisfactory. Type of loan: DL Repayment: 12 EMIs Primary: Nil; Collateral: Personal guarantee of spouse or 3rd party of adequate worth where check off is not there. Rate of Intt.675 bps above Base Rate i.e.,16.45% p.a. currently

SBI LOAN TO AFFLUENT PENSIONERS

Age upto 70 Yrs Max Repayment 36 EMIs Age 70-72 Yrs Max Repayment 24 EMIs (For Family Pensioner Max Age 65 Yrs Max 1.5 Lac) Loan Max 3 lacs ; Max 12 Months Net Pension (For Family Pensioner Max 9 Months Net Pension) Loan to be guaranteed by spouse or any family member/3rd party worth the loan (Pensioners to submit PAN Number or Form 15H before availing loan under this scheme)

JAI JAWAN PENSION LOAN

Loan for Pensioners of Armed Forces - Army, Navy and Air Force & Paramilitary Forces - Coast Guards, Rashtriya Rifles, CRPF, BSF, ITBP, etc. Age Upto 50 Years; Loan 48 times Net Monthly Pension; Max 2 lacs Max Repayment 84 Months EMI/NMI Ratio- 40%

LOAN FOR SUBSCRIPTION TO IPOs

For subscribing IPOs of PSUs and Public Limited Companies selected by the Circle CMC. IPO should be rated 3 or better

LOAN AGAINST MORTGAGE OF IMMOVABLE PROPRERTY

Quick Success Series : P Seg Loan Products

Eligibility: New customers with sufficient cash flow evident by last 2 yrs IT Returns & satisfy KYC norms. Old Customers satisfactorily availing loan. Amount of Loan: Up to Rs.100,000/- per IPO Type of Loan: DL/OD

EQUITY PLUS
Loans to employees of reputed PSUs to subscribe to share of their own company under employee quota @ Check Off facility must @ Undertaking from DDO to obtain NOC from Br before releasing terminal/ superannuating benefits Loan- a) 60% of purchase price, max 18 NMI or Rs 10 lacs. b) 90% of the purchase price of the shares subject to a maximum of 18 months NMI or 20 lacs (ESOP- Employee Stock Option Plan) Repayment- Max 60 EMIs. (Our lien be noted against the shares allotted) ADVANCE AGAINST RBI RELIEF BONDS Individuals aged over 21 with an assured income including NRI. To meet investors credit needs; personal/ business needs & contingencies. Margin - 40% on the face value & accrued interest. No repayment is compulsorily proposed. Nonpayment of interest will not attract IRAC norms. However, borrower has the option to repay even prematurely. The loan to be liquidated out of maturity proceeds of bonds. @ Securities must be transferred by the beneficiary to the bank.

subject to maximum exposure of Rs.10 lacs per person as per extant RBI instructions.
Margin: 50% Security: Lien on shares if allotted Repayment: Within 30 days of allotment. Type of Loan: Demand Loan.

ADVANCE AGAINST SHARES

Max Loan: Rs.20 lacs (Demat), Rs 10 lacs (Physical form). Margin - 50% Loan > Rs 10 lacs (Physical) & > Rs. 20 lacs (demat) sanctioned by the Bank Board. Share to be transferred in Bank name in Loan > Rs 10 lacs (Physical) and > Rs. 50 lacs (demat) Repayment : Max: 30 months Type of Loan DL/ OD In compliance of provision of section 19(2) of Banking Regulation Act 1949, which states that no Banking Company shall hold shares in any company, whether as pledge, mortgagee or absolute owner, of an amount exceeding 30% of the paid up share capital of that company or 30% of its own paid up Share Capital and Reserves, whichever is less, prior Administrative Clearance from the Product Development & Marketing Dept., at Corporate Centre was required to be obtained before disbursal of the loan. However, Product Development & Marketing Dept., at Corporate Centre is no more in existence Therefore, In order to meet the legal requirements, a Statement of Holding should be sent to Liability & Transaction Product Department SME (BU) by E-mail. Email address is cmltp.sme@sbi.co.in LOAN AGAINST NSCs/KVP Margin- a) 15% - Loan Against NSC - Staff (Face Value + Accrued Interest) Loan Against KVP Staff (Purchase Value + Accrued Interest) b) 40% - Loan Against NSC- Public (Face value + Accrued Interest) Loan Against KVP- Public (Purchase Value + Accrued Interest) Repayment - 3-5 years or before maturity of security

ADVANCE AGAINST OPEN ENDED SCHEMES OF SBI MUTUAL FUND

Individuals aged above 21 with Min. NMI of Rs.5000 / Min. NAI of 50000. Limit- 10 months NMI/1 year NAI Min.Rs.10,000; Max. Against demat units -Rs.20 lacs which is inclusive of any loan granted against the security of shares, bonds, etc. Margin:50% Repayable : 30 EMIs Type: DL / OD; DL at Fixed/Floating; OD at Floating rate only @ Certificate from the concerned Registrar as to the marking of lien on the demat units to be obtained & retained with documents.

ADVANCE AGAINST LIC POLICY

Margin- 5% (Surrender value of Policy) Type : Overdraft Only; Repayable- 2 to 3yr

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a) Policy to be unencumbered & in full force (premium must have been paid up to date). Age of the insured to have been admitted in the policy. b) Assignment in favour of Bank on the policy itself. If assignment is done on a separate paper it attracts ad valorem stamp duty. c) LICs acknowledgement to be obtained. OD may be granted against an endowment policy, anticipated endowment policy; policy issued by the Postal department. d) Whole life policies are payable in the death of the policy holder and hence are not preferable. Policies taken for the purpose of payment of estate duty are also not acceptable. It should stand in the name of the borrower. e) After the closure of the loan the borrower should be advised to make a fresh nomination on the policy as any nomination made earlier would have got cancelled automatically by the assignment. f) Standing Instruction should be obtained for payment of the premium so as to policy may not lapse on account of nonpayment of premium.

450 bps above BASE RATE i.e.12.75% p.a. currently SBI Gets Long Duration Loan 600 bps above BASE RATE i.e.14.25% p.a. currently Security Pledge of the Demat units of SBI GETS Procedure for creating pledge over units of SBI GETS 1. The lending branch should open an account with the Banks DP Unit (if not already opened). 2. The borrower should be advised DP ID and DP account number of the branch with instructions to authorize his DP to pledge the securities in the name of the lending branch. The borrower has to give these instructions to his DP 3. The lending branch should advise the Banks DP Unit its consent to accept the specified securities as pledge. 4. The Pledge Advice received from the Banks DP Unit should be kept along with the other loan documents. Transfer of units SBI-GETS Units of SBI-GETS must be transferred in the name of the Bank when there is a default and outstanding is over RS.20 lacs. Repayment SBI Gets Short Duration Loan The loan is to be liquidated within a maximum period of 12 months. The repayment should be made in Equated Monthly Installments (EMIs) SBI Gets Long Duration Loan The loan is to be liquidated within a maximum period of 36 months. The repayment should be made in Equated Monthly Installments (EMIs) Authorized Branches Branches having Demat facility and incumbency of 3 or above. Documents The branch will obtain the following:

SBI GETS A scheme for loan against units of SBI Gold Exchange Traded Fund christened SBI Gets Short Duration Loan and SBI Gets Long Duration Loan. SBI Gets Short Duration & Long Duration Loan Purpose For meeting contingencies and needs of personal nature and not to be used for speculative purpose. Eligibility Existing individual customers with good past relationship are eligible. Nature of Facility Demand Loan Margin 50% of the prevailing market prices of the SBI GETS as reported in the leading Financial Dailies Interest Rate: SBI Gets Short Duration Loan

Quick Success Series : P Seg Loan Products Pre-sanction: a) Application Form b) Passport size photograph c) Proof of Identity / Proof of residence / Proof of income d) Proof of official address (for other than employees) Shop and Establishment Certificate / Lease Deed /Telephone Bill. e) Latest Statement of Account issued by SBI Funds Management Ltd. indicatingdetails of units held. Post Sanction: a) DP Note and DP delivery letter b) Original Statement of Account of SBIFM indicating noting of lien. c) Post dated cheques (where no check-off facility is available) or letters relating to check-off facility d) Arrangement Letter e) Asset & Liability Statement f) Opinion Report In case account is Irregular: a) Letter to borrower advising irregularity in the Account. b) Monthly Statement of Irregularity. d) Arrangement Letter e) Asset & Liability Statement f) Opinion Report Declaration A declaration should be obtained from the borrowers indicating the extent of loans availed of by them from other branches against shares / debentures / units of mutual funds with a view to ensuring compliance with RBI stipulation of maximum amount of such loans not exceeding Rs. 10.00 lacs and Rs. 20.00 lacs against securities held in physical and dematerialized forms, respectively, which is inclusive of shares / debentures and mutual funds. LOAN AGAINST THE UNITS SBI DEBT FUND SERIES (SDFS) Bank has developed a scheme for loan against units of SBI Debt Fund Series christened SDFS Short Duration Loan and SDFS Long Duration Loan. Scope of the Scheme- The scheme covers short term advances to individuals against primary security of Demat units of SBI Debt Fund schemes of Fixed Maturities (FMPS). The scheme covers long term advances to individuals against primary security of Demat units of SBI Debt Fund schemes of Fixed Maturities (FMPS). Purpose- To meet contingencies and other personal needs. The advances should not be granted for subscribing to orboosting sales of another scheme ofmutual funds, for the purpose ofshares/ debentures or for any speculative purposes. Eligibility- A. Individuals over 21 years with a steady source of income who are B. Employees C. Professionals, self employed and others who file income tax returns. D. Engaged in agricultural and allied activities E. Pensioners of central and state governments, defense establishments, POSUs/Public Sector Banks. F. Non Resident Indians holding a valid Indian Pass Port with a steady source of income. G. Non Resident Indians holding a valid Indian Pass Port with a steady source of income. Age- Maximum Age limit in the case of individuals 65. Income of spouse can be taken into account for computing the eligibility amount provided he/she guarantee the loan or is co-borrower (being a joint holder of the security). Income Employees : Net Monthly Income (NMI) Rs.5000/= (net of all deductions including tax payable) Self employed Net Annual Income (NAI) Rs.50,000.00 Loan amount- Minimum: Rs.10, 000.00. Maximum: 20 lacs subject to (a)Employees/ Pensioners : 10 times of NMI (b)Self employed: One years NAI. Valuation- The security should be marked to market on a weekly basis i.e., the value determined based on the lower of NAV/repurchase price on any day of the week.

Quick Success Series : P Seg Loan Products Lien on the units.- The statement of account of the FMP certifying that a lien has been marked by the Registrar would need to be retained along with the loan documents. Investor Request & banker Request for noting of lien on the units will be as per Annexure A & B respectively. Type of LoanSDFS Short Duration Loan Overdraft or Demand Loan with a maximum repayment period of 12months. SDFS Long Duration Loan Overdraft or Demand Loan with a maximum repayment period of 36 months. Rate of Interest- 4.5 % above Base Rate. Currently 14.00 % p.a. Processing Fee- 0.50% of the loan amount. Minimum Rs.100.00