Car Loan for SBI

8/12/2019 Car Loan for SBI

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Project submitted to:

Mrs. Bindu Chutani

Submitted by:

Roll # Names

26 J!" SRM

2$ R%S% M&N

SR%'S"'

2( SM))*S N+

,- SN))P RN

PR&J)C" R)P&R"

"&/RS ") 010%M)N" &0 P+BM C&1RS) 2--342--,

0&R"1N) %NS"%"1") &0 %N")RN"%&N B1S%N)SS


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Project submitted to:

Mrs. Bindu Chutani

Submitted by:

Roll # Names

26 J!" SRM

2$ R%S% M&N SR%'S"'

,3 SM))*S N+32


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%ntroduction

In life every human being is exposed to element of needs that are of various types these wantsare different from each other some wants are more important some are not. Along with the

growth in the size of business organization, the finance function in business has undergone drasticchange. Financial eed for various purposes arises due to growth of the firm.

ot only this there is a !uestion in the mind of a father how can he manage the high expenses of

the studies of his son"daughter, how a father manage his daughter#s marriage. $ut in that situation

if the father get a financial assistance he has no trouble in doing such tas%. And that financial

assistance is in the form of loan.

&ur ideas aren#t limited' but sometimes our capital is. (ut our plans in motion with the business

loan designed for small business owners. It gives us access to cash for ma)or purchase and the

flexibility to pay it bac%s on your own terms.


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Ban5 oans

$an% loans are the loans that are provided by the ban%. $ut getting a loan is not an easy tas%. *e

should %now that a ban% is not a cloa%room where we put our amount and get when we desire it.+here are certain obligations that we have to fulfill in order to get a ban% loan. *e also pay a

certain amount of interest that is particularly the ban% earnings. Following are the some important

points regarding the ban% loans '

/hat are the three c7s8

+raditionally ban%ers loo% at what are called the three -cs- character, credit and collateral.

/haracter means more than not having a criminal record. It means that the ban%er feels confident

that we are not going to suddenly disappear for parts un%nown if the business runs into trouble.0pecifically ban%ers li%e to see ties to the community such as long residence, family ties, and

home ownership. A clean credit history is important. A couple late credit card payments shouldnt

be a factor, but missing mortgage payments for three months in a row will re!uire a good

explanation. $an%ers li%e good character and good credit, but they live for solid collateral.

1!uipment, buildings and truc%s''thats the %ind of stuff that ban%ers really li%e for collateral''

solid value and li%ely to be worth a lot even if the business goes bust. Inventory, raw material and

goods are second choices for collateral''they will lose their value more !uic%ly than fixed assets

but still be worth something.

Can you 9et a business loan8

+he criteria for business loans vary much more widely than for consumer loans and often varies

!uite a bit from one ban%er to the next at even the same ban% owever here are some rules of

thumbs to give us an idea of our chances of getting a loan.

4etting a loan for a new business is tough Fixed assets such as machinery or buildings can almost

always be financed /urrent assets such as inventory or goods in process increase our loan

chances 25 years of profitable operation greatly increases our loan chances +he larger the owners

investment in the business the better our chances of getting a loan 6oans to small corporations

will often have to be personally guaranteed by a shareholder It is difficult to get loans to offset

operating losses It is usually possible to get a loan to modestly expand a profitable business


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o to 9et the ban57s money; e>ointment ith a ban5

:ont )ust show up in person''first ma%e an appointment by phone. As% the receptionist in the

ban% or the loan department for the name of the appropriate person who would handle our loan

re!uest. &f course it would be better, but not necessary, to get a referral from a friend or advisor

such as our lawyer or accountant. *hen we get the name of the appropriate loan officer simply

as% for an appointment. :ont offer any more details over the phone, unless the loan officer

re!uests them. +he more details we offer over the phone, the greater the chances we wont get the

appointment at all. 0ound confident. 0ound matter of fact. 0ounds li%e we don#t even need themoney... that#s the %ind of person that loan officers li%e to lend to.


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S"") BN* &0 %N%

Following are the loans parted by State Ban5 o? %ndia.

Car oans ?rom State Ban5 o? %ndia

0tate $an% of Indias /ar 6oan 0cheme is the most convenient way to get a loan for your dream

car. ;ou can ta%e finance for a new car or )eep, an old car " )eep . And also reimbursement of cost of a car " )eep not more than 2 year is old.


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Tie-up arrangement

' ?nderta%ing from employer for recovery of loan installment or standing Instruction lin%ed to :eposit

Account.

' @uotation from Approved :ealer.

&ld car " 7eep

Margin

B C for ew /ar

2E C for ew /ar

E C for &ld /ar up to 2 years old.

=E C for &ld /ar up to 2 to = years old

+uarantor

' &ne or two guarantor with proof of their income " worth and address

y>othecation o?


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o processing fee.

Security:

A charge on the vehicle financed. 4uarantee of the spouse if his"her income has been considered

?nder eligibility. 0ome other security may also be re!uired in certain cases.

Re>ayment:

6ongest repayment period

ew vehicles 9aximum = months

&ld vehicles 9aximum HE months

9aximum 3H months

;ou may prepay at will with no

(repayment penalty

)ducation oans ?rom State Ban5 o? %ndia:

0$I understands your desire to provide the finest education to your children and ma%es it easy for

you to finance it. &ur 1ducational 6oan scheme is very flexible and allows you to ta%e a long'

term loan for all %inds of courses offered by recognized schools" colleges" institutions, including

part'time and correspondence courses.


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SB% ad


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Re>ayment criteria:

19I stands for 1!uated 9onthly Installments. +his installment comprises both principal and interest

components. ;our 19I would be calculated depending on the tenor you choose, to repay your loan. +he

19I would be higher if you choose to repay within a shorter period as against longer'term loan.

Re>ayment oliday 4/ourse period 5 year or H months after getting )ob, whichever is earlier.+he loan has to be repaid in B' years after commencement of repayment. (repayments permitted without

any penalty.

%N")R)S" R")S:

6oan amount Interest rates

6oans up to Ds.= lacs 0$9+6D presently 2C p.a.

6oans above Ds.= lacs Cabove 0$9+6D presently 3C

*hile interest is not re!uired to be paid during moratorium period, payment of the same

before start of repayment would entitle you to concession in interest rate applied duringthe repayment holiday

&ther i9hli9hts o? )ducation oans:

;ou can ta%e a loan for pursuing studies in recognized schools " colleges " institutions to meet

J +uition and other fees

J 9aintenance costs, boo%s K e!uipment, etc.

J /ost of passage

J /aution fund " building fund " refundable deposit


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S!N%C") BN*

'arious ty>es o? loans >ro


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F&D 0A6ADI1: /6A00

:epends upon the service life left of the concerned rest being the same.

CR &NS

)%+%B%%"! CR%")R%

@uotation from the car dealer

BC of the !uotation is given as loan. Dest 2BC is to be deposited by the loan

avalier and a draft of the full amount is drawn on the name of the /ar dealer.

0ubmission of original registration paper to the ban%

9inimum guarantor

(roof of residence

Insurance papers

$an%s give preference to the purchase of new cars

%nterest rateis B C

R)P!M)N"

Installments prescribed by the ban%s with the stipulated period stated by the ban%.

9aximum can be 3B months.


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)1C"%&N &N

+hese are of two types

:omestic loans

International"foreign education loans

According to the 2EE budget :omestic education loan can be given up to .B lacs and

foreign education loan can be given up to B lacs

%nterest ratefor both the loans are 2 C

)%+%B%%"! CR%")%

It is given to both business class and salaried class and salaried class. Following are the

criteria to be fulfilled

(roof of residence

I+ returns of the 4uarantor and security papers

4uarantor

(reference is given to those candidates who have had a stdivision throughout.

Attested photocopy of the academic career

$alance sheet of the guarantor .

EEC loan is given

+he fees draft goes directly to the Institute .+he institute should be a recognized one .


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R)P!M)N"

Depayment starts after year of the completion of the course. there is no ceiling for therepayment.

M1"%P1RP&S) &N

P1RP&S):

+o meet any genuine credit re!uirement of the borrower for personal

purposes"unforeseen commitments.

@1N"1M:

BC of the purchase value of securities pledged or BC of surrender value of 6I/

policies assigned.

))+"%&N &0 P&/)RS 0&R SNC"%&N

9anager scale I 9anager scale II 9anager scale III

Ds.EBE lacs Ds. lacs Ds. 2 lacs

A49s heading Dos"16$s and /9s heading Dos, /9s heading G6$s as per /ir.

=H"L"$/

:49s and as per /ir. 2B"L"$/


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S)C1R%"!

(ledge of national 0avings /ertificate, Indira Gi%as (atra, Misan Gi%as (atra, and 6I/policies.

%N")RS" R")

(6D53C5Interst tax levy compounded !uarterly.

R)P!M)N"

ot exceeding 3B e!uated monthly installments.

+1RN"))

ot compulsory up to Ds. BEEEE

M1"%P1RP&S) &')RR0"

)%+%B%%"!

All class people


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P1RP&S)

+o meet any personal expenditure"unforeseen contingencies

N"1R) &0 0C%%"!

0&:

@1N"1M

BC of the purchase price of securities pledged or BC of the surrender value o 6I/policies assigned.

))+"%&N &0 P&/)RS 0&R SNC"%&N

9anager scale I 9anager scale II 9anager scale III

Ds.EBE lacs Ds. lacs Ds. 2 lacs

A49s heading Dos"16$s and /9s heading Dos, /9s heading G6$s as per /ir.

=H"L"$/

:49s and above as per /ir. 2B"L"$/

R") &0 %N")R)S"

(6D53.BC5tax levy on !uarterly basis


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P)R%& &0 '%%"!

2 months or maturity period of the security whichever is less and renewable on yearlybasis.

S)C1R%"!

(ledge of ational savings certificate"Indira Gi%as (atra"Misan Gi%as (atras andassignment of 6I/ policies that have completed 3H months from the date of issuance.

"R) 0%NNC) SC)M)

P1RP&S)

+o meet the credit re!uirement of all types of traders

)%+%B%%"!

All traders

CSS%0%C"%&N

&:90

SS)SSM)N"

2EC of total turnover declared in the latest sales tax return

R") &0 %N")R)S"


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?p to Ds. 2 lacs (6D

Above Ds. 2 lacs and up to and including Ds. 2B lacs B.BC p.a. compounded

!uarterly

S)C1R%"!

9ortgage of propertyANSCA*'PS %C P&%C!Athe soc% in trade also to be

hypothecated

MR+%N

=EC on property value

BC on 0/"MG("0/ of 6I/ policy

R)N)/

Denewal on yearly basis

+1RN"))

+hird party guarantee is not compulsory as the facility is fully secured by

mortgage"0/"MG("0G of 6I/ policy to the extent of EEC of the amount of advance

. +he owner of the property should )oin the

transaction as guarantor

P)R PR"! %M%"

Dural"semi urban branch'B lacs

?rban branches 'E lacs

9etropolitan ' 2B lacs


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BN* &0 %N%

&M) &NS

$oI 0tar Aashiyana ousing 6oan 0cheme (rovides

loans for buying plots, owning houses, as well as forrenovation and extension, at highly flexible and liberal

terms K conditions.

9aximum loan amount is Ds.BE.EE la%h and repayment

ranges up to 2E years, with a very reasonable margin

and processing charges.

+he loan is available at very competitive rates of Interest, currently

available in the Industry.

P)RS&N &NS

$oI 0tar 0uvidha (ersonal loan scheme provides Funds

to meet all (ersonal re!uirements of you and your

family.

$an% offers loans for marriage expenses, tours andexcursions, purchase of all types of consumer durables,purchase of cars etc.

+he !uantum of advance varies from Ds. BE,EEE"' to

Ds. E.EE la%h, depending upon the income, with a very

attractive Interest rate and easy repayment plan.

(lease approach our nearest $ranch and avail the loan to fulfill

your personal needs.

B1%&N BN*%N+

$an% of India, a pioneer in $ullion $an%ing business, have

launched the millenium 4old /oin.

4old coin of E gms. at a very reasonable price are

available for sale at our select branches.

A perfect gift for the one you love.


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+old loan scheme

+he $an% is one of the first to enter into $ullion

$an%ing $usiness, after it was permitted by 4ovt. in

LL and have launched schemes li%e /onsignment saleof 4old and :uty'free 4old for exporters.

&ther value'added products such as N$ullion 6oanN and

N4old depositsN have also been introduced at our select

branches.

For more details, please contact' +he /hief 9anager,

$ullion $an%ing :epartment, 1xpress +owers, thFloor, ariman (oint, 9umbai'=EEE2. (hone " Fax

E22'2=32E.

)1C"%&N &NS

For facilitating pursuit of igher education too, $an% of

India has an easy solution. *e ma%e easy, yourfinancial constraints through our GI:;A GAD:II

0/191, which extends support to your educational

pursuits.

+he scheme covers a broad spectrum of educational

(ursuits in India and abroad. +he eligibility norms are

very explicit, with liberal loan terms and manageablemargin. +he rate of Interest is also very ideally suited to

the purpose.

6oan up to Ds. E.EE la%h can be sanctioned, depending upon the

re!uirement of the student.

*%SN CR)%" CR

A green card has been

Introduced to help farmers to reap a rich harvest. +his

card helps the farmer to raise short'term funds ForAgriculture"&ther farm'based activities, on an on'going

basis, with very flexible and friendly Depayment terms.


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B% 0%NNC)

$an% of India also offers $ill finance to its customers.

*e collect bills on behalf of customers. *e offer post'sale credit against bills.

$oI offers both Inward and &utward bills, which

include

. Inland " Foreign $ills.2. :emand $ills.

3. ?sance $ills.

=. :ocumentary $ills.

B. :ocument against payment bill.H. :ocument against acceptance bill.

.

BN* +1RN"))

$an% of India, issues $an% 4uarantees, on behalf of their

customers, in favour of third parties li%e 4overnment :epartments,

(ublic' 0ector &rganizations, etc.

$oI issues both types of 4uarantees viz. (erformance 4uarantee

and Financial 4uarantee.

+he type of 4uarantee, trac% record of customers and their

financial position are the guiding factors in deciding the 4uaranteelimit, security and margin.


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%N")R)S" R")S &N 'NC)S

R)'%S%&N &0 PR )00)C"%') 0R&M -.-,.2--3

+he $an% has decided to have two tenor lin%ed (6Ds < (rime lending rates>for advances, applicable as under'

For maturity up to LE days E.EE C p.a.

For maturities above LE days 2.EE C p.a.

+he (+6D remains unchanged at 2.BE C p.a.

PR%M) )N%N+ R")< D1GI01: *.1.F. E.EL.2EEE >

(rime 6ending Date 2.BEC

(rime +erm 6ending Date 2.BEC

Accordingly, interest rates of all %ind of advances lin%ed to (6D K (+6D

stand automatically raised by BE basis points. 0imilarly, trade finance by way

of discounting of $ills revised to E.BEC less (6D i.e. 2C p.a.


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P1NJB N"%&N BN*

t Punjab National Ban5 you can aoses. erein e >ro


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&1S%N+ &NS

PNB reaches out to you ith the ?riendliest; most con


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0uitable third party guarantee acceptable to the $an% which may include

guarantee from family members"other relatives.

R") &0 %N")R)S"'0iDed and ?loatin9 rate o>tions ?or

loans sanctioned on and a?ter 33.6.2--3

Rate o? interest under ?iDed o>tionE .e.? F.-3.2--2 G

")N&R

0or loans re>ayable inAu>toRate o? %nterest H >ercent >.a.

i> ?pto E' years .2B

ii> Above K upto 2E years 2.EE

iii> Above 2E years K upto 2B years 3.EE

Rate o? interest under ?loatin9 o>tions ?or all tenorA re>ayment o>tions

E.e.?. F.-3.2--2G

0or oans re>ayable u>to 2- years 0or oans re>ayable aboto 2 years

.BC p.a. 2.BEC p.a.

&ption for Fixed or Floating Date of Interest exercised by the borrower will not be

allowed to be changed for a minimum >eriod o? , years;whereafter any change would

be at the discretion of the 0anctioning Authority.Further, the rate of interest on loans sanctioned on or a?ter 2,.(.($ till 3-.6.2--3;will

not be changed during the currency of the loan unless ban%s (+6D is fixed above the rate

of interest applicable to the loan account as per sanction. In such cases, the rate of interestapplicable to the loan account shall be fixed at the (+6D itself. As regards loans

sanctioned prior to 23.L.L, rate of interest is sub)ect to change from time to time./urrently, the following rates are applicable on such loans

?pto Ds. 2 lac .BEC (minimum)p.a.

&ver Ds. 2 lac upto Ds. E lac 3.EC (minimum)p.a.

over Ds. E lac 3.BC p.a.

R)P!M)N"


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6oan is to be repaid in e!uated monthly installments within a period of 2 years

or before the borrower attains the age of HB years.

%SB1RS)M)N"

For outright purchase of house"flat, the loan amount will be paid in lumpsum to

the vendor.

For house"flat under construction, the loan amount will be disbursed in stages as

per progress of construction"demand by selling agency.

C&NS1M)R &NS

($ enables you to now have all those consumer durable li%e Defrigerator, +elevision,

Air /onditioner, 9icro'oven,/oo%ing Dange, *ashing 9achine, 9usic0ystem,Furniture, (ersonal /omputer and other ouse old e!uipment etc.

)%+%B%%"!

0cheme covers all types of individuals including agriculturist with a minimummonthly income of Ds.=EEE"' .

M&1N" &0 &N

EC of cost of article, sub)ect to maximum of Ds. lac. owever the minimumamount of loan shall be Ds.E,EEE.

S)C1R%"!

ypothecation of the articles purchased. 3rd party guaranteeacceptable to the ban%.

R") &0 %N")R)S"(For loans granted on or after 01.03.2001

B.EEC(min.)p.a.J

J+his is sub)ect to change from time to time.

R)P!M)N"


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Amount of loan with Interest shall be recovered in maximum HE e!uated monthly

instalments. In case of salaried people, repayment to be fixed on a realistic basiswhich should not normally exceed BEC of gross income. +he income of the

spouse should be ta%en into the account for determining the repaying

%SB1RS)M)N"

Amount should be remitted direct to the supplier " dealer by means of N/ross A"c

(ayeeN demand draft " ban%er che!ue.

CR &NS

($ enables you to own a vehicle, with the friendliest, most convenient auto loan. 1ither

you can purchase a new /ar"Gan"7eep or can raise loan to purchase old Gehicles,

which are not older than 3 years. Finance will be provided for purchase of vehicle ofindigenous"foreign ma%es.

)%+%B%%"!

Individuals as well as $usiness /oncerns


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For /ar 6oans

For 6oans upto Ds. 2 lacs=.EEC p.a. JFor 6oans above Ds. 2 lacsB.EEC p.a.(min.)J

For other Gehicles

B.EEC p.a.J

+his is sub)ect to change from time to time.

R)P!M)N"

0or ne CarA'anAjee>

+he loan amount together with interest is to be repaid maximum in = e!uated

monthly instalments.

0or old CarAJee>A'an

+he loan amount together with interest is to be repaid maximum in HE e!uatedmonthly instalments.

%SB1RS)M)N"

+he intending borrower will be re!uired to settle the transaction for purchase

of vehicle needed by him with the seller and will be re!uired to deposit the

difference of the cost of the vehicle to amount of loan and thereafter theadvance will be allowed to him from the ban% by paying the entire price of the

vehicle to the seller direct on behalf of the borrower.

"R)RS &NS

+rading activity constitutes an important sector of the economy and trader is a %ey

component of supply"distribution system. ($ extends credit to the retail and wholesale

traders on attractive terms to meet their re!uirements of wor%ing capital and term loan.

/redit is provided for

Financing stoc% in trade, boo% debts and other assets to be used in the trade

Ac!uiring boo%"fixed assets li%e setting up of show room, A/s, delivery van,

etc.


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)%+%B%%"!

D$I"4overnment does not prohibit traders who are individual firms, co'operative

societies or companies and are dealing in those goods"commodities, advancesagainst which.

+raders should comply with applicable statutory re!uirements.

)")N" &0 &N

For *or%ing /apital upto Ds B lac 0mall +raders may be granted facility of term

loan for wor%ing capital to extent of HEC to EC of their re!uirement sub)ect tomaximum of Ds. B lac.

For other traders with a wor%ing capital re!uirement of above Ds. B lac, HEC toEC of their re!uirement can be financed with no upper limit.

0&R ")RM &N

HEC to EC of the cost of assets to be purchased. +here is no upper limit.

S)C1R%"!

ypothecation"pledge"mortgage of assets to be created with the amount of loan.

9ortgage of immovable property.

egative lien on immovable property.

0uitable third party guarantee.

R") &0 %N")R)S"(For loans granted on or after 01.03.2001)

For advances upto Ds2 lac .BEC p.a.J

For advances above Ds. 2 lac'*or%ing /apital =.EEC p.a.J

'+erm 6oans =.BEC p.a.JJ+his is sub)ect to change from time to time.

R)P!M)N"


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+erm loan for ac!uiring fixed assets is repayable in e!uated monthly"!uarterly

instalments within a period of B to years.

+erm loan for wor%ing capital to small traders upto Ds.B lac is repayable in e!ual

monthly"!uarterly instalments within a period of 3 to B years.

%SB1RS)M)N"

For term loan for fixed assets and wor%ing capital, the loan amount shall bepayable directly to the suppliers of the assets by draft"cash order.

For other wor%ing capital advances, cash credit limit shall be set up.

PR&0)SS%&N &NS

($ extends assistance to self'employed persons, firms and )oint ventures of suchprofessional persons engaged in professions such as

9edical practitioners including dentists, chartered accountants, cost accountants,practicing company secretaries, who are not in regular employment of any employer,

accredited )ournalists or cameramen who are free lancers, i.e. not employed by a

particular newspaper"magazine, lawyers or solicitors, engineers, architects, surveyors,construction contractors or management consultants or to a person trained in any other art

or craft who holds either degree or diploma from any institution established, aided or

recognized by 4overnment or to a person who is considered by the ban% as technically!ualified or s%illed in the field in which he is engaged. 6oans under this scheme may be

granted for the purpose of financing purchase of e!uipment used by the borrowers,

business premises, construction, ma%ing alterations or renovation of business

premises"nursing homes or for wor%ing capital re!uirements, in their professions.

)%+%B%%"!

(ersons already practicing or new entrants in various professions, having licensesissued under /entral or 0tate 6egislation#s.

Associations of persons engaged in a single profession provided that eachmember of such an association is !ualified and duly licensed to practice in the

professionP and

+he !ualified professionals will be re!uired to produce a certified copy of the

license for the record at the ban%.

M&1N" &0 &N


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eed based on merits within the overall permissible limits as under

MetroA 1rban S.1rbanARural rea

.9edical practitioners Ds B.EE lac E.E lac

2. &ther professionals DsB.EE lac B.EE lac

9argin il upto Ds.2BEEE"'

2BC Above Ds. 2BEEE"'

S)C1R%"!

ypothecation"9ortgage of the goods purchased"created with the amount of loan

till the final ad)ustment of ban%s loan and Interest thereon.

/ollateral security by way of immovable properties or acceptable third party

guarantee in case of advances above Ds. 2BEEE"'.

R") &0 %N")R)S"(For loans granted on or after 01.03.2001)Rate o? %nterest .

6oans upto Ds. 2 lac .BEC p.a.J

6oans above Ds. 2 lac '*or%ing /apital 3.BEC p.a.J

'+erm 6oans =.EEC p.a.J

J0ub)ect to change from time to time.

R)P!M)N"

+erm 6oan

6oans upto Ds.BEEEE"' = months

6oans beyond Ds.BEEEE"' HE months

*or%ing /apital loans are renewable every year.

%SB1RS)M)N"

(ayments will be made direct to the suppliers" dealers. In case of construction ofthe premises, the loan may be disbursed in phases after verifying the end use in

terms of the plan as also at the spot.


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)1C"%&N &NS

($s attractive 1ducation 6oan 0cheme is designed to provide better educational

opportunities to bright and needy students and brings within their reach all types of

education .

+he scheme enables all types of needy students


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For studies abroad Ds.B.EE lacs

In case of part time computer courses, the extent of loan should not exceed Ds.

BE,EEE"' per annum or fee fixed by the particular institution, whichever is less.

S)C1R%"!

6oan upto Ds. B.EE lacs /o'obligation of either or both parent or guardianand the 6I/ (olicy for e!uivalent to the amount of loan.

6oan above Ds. B.EE lacs /o'obligation of parent or guardian and /ollateral0ecurity or third party guarantee acceptable to the ban% e!uivalent to EEC of the

amount of loan.

R") &0 %N")R)S"

6oan upto Ds. = lac 2.EEC p.a.J

6oan over Ds. 2 lac upto Ds. B lac 3.EEC p.a.J

6oan over Ds. B lac BC p.a.JJ+his is sub)ect to change from time to time.

+he Interest shall be charged at simple rate from the date of disbursement till thecommencement of repayment of loan and thereafter, compound Interest will be

charged on reducing balance basis. "2C interest concession may be provided for

the loanees if the interest is serviced during the study period.

MR+%N

I6

%NS1RNC)

6I/ policy for amount, e!uivalent to amount of loan for loans upto Ds. B.EE lac.

R)P!M)N"


35/72

(rincipal and Interest is repayable in = monthly instalments. Depayment will

commence after two years of the completion of studies by the borrower or one'month after his"her getting employment, whichever is earlier.

%SB1RS)M)N"

1ducational loan is to be disbursed in the form of a term loan. A limit upto whichadvance is to be allowed during each year will be set up. 1ach time the borrowing

scholar is in need of funds, he will approach the lending office and will explain

his"her needs to the ban%. &nly on being satisfied about the genuineness of the

needs and purpose, the borrower will be permitted to draw money. +he loan mayalso be paid in lumpsum


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+o avail the advantage of this scheme, 3 different categories of cards have been

introduced and the amount of the loan will depend on the type of the card.+ype of/ard 0ize of 9aximum eligible 6and holding limit

VikasCardJ to 2.B acres 6imit upto Ds.3E,EEE"' Eblue cardG

!ag"a#anAbove 2.B acres 6imit from Ds3E,EE"' to H acresto Ds. 2EE,EEE"'

$ar%ottamAbove H acres 6imit from Ds.2EE,EE"' to Ds. 3EE,EEE"'

:uration of the card is three years< renewable>.

J A farmer owning .E acre or e!uivalent land is allowed limit upto Ds.

B,EEE"' including consumption needs.

J 6imit is to be fixed in multiples of Ds. EEE"'.

ominal service charges .

1S+) &0 ") CR

6iterate holder of the card can draw cash within his available limit from anybranch in the district of the issuing branch. o charges are payable on withdrawal

from the issuing branch. ominal commission is payable on withdrawal from

other branches.

S)C1R%"!

ypothecation of crops"other movable assets for cards upto Ds.2BEEE"'.

For cards beyond Ds.2BEEE"', alongwith the charge under , mortgage"charge on

land for individual borrower or charge"lien over li!uid assets such as +erm:eposits"0/s"MG(s etc. capable of providing full cover to the limit granted or

suitable third party guarantee.

R") &0 %N")R)S"

=.EEC p.a.

R)P!M)N"

Aggregate credits into the account during the 2" months period, as the casemay be, should atleast be e!ual to the maximum outstanding in the account. +he

card holder will also have to maintain his"her cash credit account in credit balance


37/72

for at least one wee% once a year. owever, the consumption loan portion shall be

ad)usted within a period of three years. All the repayments"deposits by the card

holder shall be made at the card issuing branch only.

R) &0 &P)R"%&N

Area of operation All the branches of ($ .

&N +%NS" M&R"++) &0 PR&P)R"!

Ne scheme by PNB ?or business enter>risesAindiro>erty =

($ has introduced a new scheme for providing finance against mortgage of

immovable property situated in 9etro"?rban centers, which is designed to offerinstant solutions relating to business needs &D for personal needs, such as,

childrens higher education, travel, daughters marriage, medical emergencies, etc.6oan is, however, not available for speculative purpose.

)%+%B%%"!

$orrowers having minimum net annual income of Ds.,2E,EEE"' are eligible under

this scheme. Income of spouse can also be considered for determining the loanamount.

M&1N" &0 &N

$orrowers can raise loan upto 2E times of their net monthly income or Ds.E lacswhichever is lower, with a minimum loan amount of Ds. 2 lacs under the 0cheme.

6oans under this scheme carry nominal processing charges.

S)C1R%"!

Finance is available, to a business enterprise"individual having office"residing

anywhere in the country, against non'encumbered residential house"flat,commercial or industrial property situated in 9etro"?rban /enters only in the

name and possession of the borrower. +he property should be of value e!ual to

BEC of the loan amount.

R") &0 %N")R)S"

HC p.a. +his is sub)ect to change from time to time.

R)P!M)N"


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6oan together with interest is repayable in maximum HE e!ual monthly

instalments and should not normally exceed BEC of the gross income of theborrower.

SC)M) 0&R 0%NNC%N+ +%NS" )S)

R)N"S

Ne scheme by PNB ?or business enter>risesAindiro>erty oners in 1RBNAM)"R& centers.

($ has introduced a new scheme for property owners having their property

situated in 91+D& K ?D$A AD1A0 and who have let out such properties to(0?s, reputed 4ovt."0emi'4ovt. corporates, ban%s, financial institutions,

insurance companies and 9/s.

)%+%B%%"!

(roperty owners having properties in ?D$A"91+D& centers and let out to

(0?s, reputed

4ovt."0emi'4ovt. corporates, ban%s, financial institutions, insurance companies

and 9/s. 6oan is available for business"personal needs but not for speculative

purposes.

M&1N" &0 &N

9aximum loan amount will be restricted to EC of the future lease rentalsreceivable which should not exceed the amount of rent receivable within

unexpired period of rent deed"lease deed or 3 years whichever is less. 1xposure

per borrower not to exceed Ds. B crore.

ominal service charges .

S)C1R%"!

Assignment of lease rentals.

1!uitable mortgage of any immovable property to the extent of EEC of the loan.

+hird'party guarantee.

R") &0 %N")R)S"


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HC p.a. +his is sub)ect to change from time to time.

R)P!M)N"

6oan is repayable in maximum 3H e!ual monthly instalments or remaining period

of the lease whichever is earlier.

PNB7s SC)M) 0&R 0%NNC%N+ &1S)/%')S

($ enables housewives and other ladies to supplement family incomes and to

use their spare time profitably through this scheme by ta%ing up pro)ects as

artisans, or under village and cottage industries, 00I small business and retail

trade. Industrial pro)ects re!uiring higher assistance may also be considered underthe scheme of financing small scale industries.

)%+%B%%"!

Any *oman"ousewife, years of age and above, living at a place for more

than H months, who has not been a member of any industrial co'operative society

and not indebted to any cooperative or state agency.

M&1N" &0 &N

eed based, sub)ect to ceiling of Ds.2B,EEE"' per borrower for purchase of

machinery"e!uipment etc. and meeting wor%ing capital re!uirement of oneoperating cycle.

MR+%N

il

S)C1R%"!

(ledge"hypothecation"mortgage of assets created out of ban% loan. o collateralsecurity"3rd party guarantee is re!uired.

R") &0 %N")R)S"

2.EEC p.aJJ+his is sub)ect to change from time to time.

%NS1RNC)


40/72

4enerally spea%ing, insurance against fire, theft, burglary and"or any other special

ris% to safeguard the ban%#s interest in the light of circumstances prevailing anddepending upon the nature of securities"the premises in which the security is"will

be lying with ban% clause, will be ta%en and %ept in force. and also on the ban%

record.

R)P!M)N"

+he term loan"composite term loan will be ad)usted alongwith interest in 3H

monthly instalments starting 3 to H months from the date of availment depending

upon generation of surplus.+he borrower will be re!uired to open a savings fundaccount with the ban% in which she must deposit once every fortnight net income

after spending such amount out of it as needed for meeting the wor%ing"living

expenses. 0he shall also underta%e to mainitain such balance in her savings fund

account at the end of each month as would enable the ban% to debit the saidaccount with monthly instalment towards ad)ustment of the loan.

%SB1RS)M)N"

+he amount of loan for purchase of e!uipment shall be paid directly to the

supplier. Advances against raw material will be made either in the form of pay

order in favour of the supplier or on the presentation of bill to the ban% indicatingthat the material has been delivered to the borrower. In respect of re!uirements of

petty items, cost not exceeding Ds.EE"' per item, the amount may be released

either to the borrower or to the supplier as convenient in cash upto Ds.3EEE"' forpurchase of tools, e!uipment and raw materials on merits without insisting for

performa bills, cash'memo etc..

PNB7S M% 1!M N%% SC)M)

+his scheme aims to provide soft loan assistance to women

entrepreneurs besides usual term loans for setting up industrial units in the

small scale and tiny sector, as also for underta%ing service activities

eligible for assistance under the 0I:$I refinance scheme.

)%+%B%%"!

ew pro)ects in tiny and small scale sectors for manufacture, preservationor processing of goods


41/72

1xisting tiny and small scale industrial units and service enterprises as

mentioned above for underta%ing expansion, modernisation, technology upgradation and

diversification.

0ic% units in the tiny and small scale sectors including service enterprisesas mentioned above, which are considered potentially viable.

All industrial activities and service activities in the 00I sector.

(ro)ects which avail of any margin money or seed"special capital

assistance under the schemes of /entral"0tate 4overnments, 0tateFinancial /orporation and other state level institutions or ban%s are not eligible for assistance under the scheme.


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PR&J)C" &1"!

(ro)ect cost should not

exceed Ds.E.EE la%h in case of new pro)ects. In the case of existing units

and service enterprises, the outlay on expansion"modernisation"technology

upgradation, or diversification or rehabilitation should not exceedDs.E.EE la%h per pro)ect.

M&1N" &0 S&0" &N

0oft loan upto 2BC of the pro)ect cost with a ceiling of Ds.2.BE la%h per pro)ect to

meet the gap in e!uity as per prescribed :ebt 1!uity Datio of .B

afterta%ing into account the promoters own contribution e!uivalent to EC of the

pro)ect cost. In addition, term loan may be sanctioned as per usual norms under

Definance 0cheme of 0I:$I.

S)C1R%"!

ypothecation of the articles purchased. 3rd party guarantee acceptable to the

ban%. o security including collateral security will be insisted upon fromborrowers in respect of soft loan.

R") &0 %N")R)S"

0oft loan &nly service charge Q C p.a. is payable, which may be retained bylending office.

+erm 6oan As per interest rates advised from time to time or structure under

Definance 0cheme as fixed by 0I:$I from time to time, in case refinance has

been availed. For such prevailing rates,the concerned branch may be contacted.

R)P!M)N"

0oft loan is repayable within E years. owever, the period of repayment of soft loan will beco'terminus with that of term loan.

%SB1RS)M)N"

0oft loan is to be released in accordance with terms and conditions of sanction

thereof and after the promoter has brought in her own contribution

in full.

$an% has to act as agent of 0I:$I for sanction, disbursement and recovery of soft

loan.


43/72

PNB )%M 0%NNC)

Serorters

(re'shipment finance in foreign currency and Indian rupees

(ost'shipment finance in foreign currency and Indian rupees

andling export bills on collection basis

&utward remittances for purposes as permitted under 1xchange /ontrol

guidelines

Inward remittances including advance payments

@uoting of competitive rates for transactions

9aintenance of 1xchange 1arners Foreign /urrency accounts

Assistance in obtaining credit reports on overseas parties

Forfaiting for medium term export receivables

0ervices offered to %m>orters

1stablishment of Import 6etters of /redit covering import into India and handling

of bills under 6etter of /redit

andling of import bills on collection basis

Demittance of advance payment against imports

&ffering utilisation of (/F/ < pre'shipment credit in foreign currency> for

imports

/redit reports on overseas suppliers

)CN+) )RN)RS 0&R)%+N C1RR)NC! E ))0C G

)P&S%"S SC)M

+he 1xchange 1arners Foreign /urrency :eposits 0cheme was started byD$I in the year LL2 with the introduction of 6iberalised 1xchange Date

9anagement 0ystem. ?nder this scheme, the recipient of inward remittances,

exporters and other eligible bodies are allowed to %eep a portion of their inwardremittances " export proceeds in foreign currency with the ban%s in India which

can later be utilised for permissible purposes.


44/72

PNB S)"S 1P C&NN)C"%'%"! /%" ") C1S"&MS )P"".

0&R ") B)N)0%" &0 )P&R")RSA%MP&R")RS

+o provide efficient service to our importer"exporter clients, ($ has set up aconnectivity with the /ustoms :epartment to facilitate payment of custom dutyand receipt of duty draw bac% by the importer"exporter clients through the

electronic media. ?nder this system of 1lectronic :ata Interchange < 1:I >,

/ustom Authorities process the shipping bills and also effect on line payment ofduty draw bac% for exporters. Further, they underta%e processing of $ill of 1ntry

and deposit of custom duty for imports. +his is a pilot pro)ect in the country

successfully implemented at %ndira +andhi %nternational ir>ort; Customousebranch of ($. +his has now been replicated at ($s extension counters

at %nland Container e>ot; "u9hla5abad; elhi and Pat>ar +anj; elhi.

PNB 4 &")R CR)%" SC)M)S

+o meet your credit re!uirements, ($ is there with many attractive schemes to

choose from


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0cheme for advances to Doad +ransport &perators for purchase of +ruc% , $uses

and advances to owner'drivers of +axi, /ar, 0cooter, :iesel 7eep , 0tation*agons or +empos etc.

0cheme for advance to self'employed persons engaged in small business.

Advance against $an%s own :eposits.

6oans to individuals against 0hares " :ebentures " $onds.

Advances against 4ovt. securities , postal securities , IG(s , MG(s , 7ewellery ,

F:Ds of ($ 0ubsidiaries , ?nits of ?+I K other 9utual Funds , (ensioners$enefit 0cheme etc.

Punjab National Ban5:

Ban5: Punjab National Ban5


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9aximum +enure years

Age of 0tudent9inimum H years

9aximum 3E years

(urpose

+ution fees6ibrary"&ther institution charges

ostel"9ess charges+ravel expenses abroad

9aximum 6oan AmountFor studies in India Ds.BEEEEE

For studies abroad Ds. million

Interest Date?pto Ds.2EEEEE ' 2.2BC

Above Ds.2EEEEE ' B.33C

Interest /harged @uarterly compounding

9argin De!uired il

1ffective Interest Dates?pto Ds.2EEEEE ' 2.C

Above Ds.2EEEEE ' H.23C

Depayment /ommences 2 yrs after course completion or yr after )ob offer

0ecurity De!uired

+hird party 4uarantee/ollateral 0ecurity for loans above Ds.EEEEE

Insurance (olicies for loans upto Ds.EEEEE

6oans for (ayment seats"studies abroad,

collateral of BEC value

:ocumentation De!uired

(arents"4uarantors I+ Deturns/ollateral 0ecurities

Admission ote"letter

Insurance (olicies

/opy of passport"visa for students going abroad


47/72

P1NJB N"%&N BN*

&r9anisation Punjab National Ban5.

)li9ibility

+he applicant should be an Indian national in the age group of 364,-

years.

6-K mar%s in their final examination

-Kfor technical !ualification

+he parents"guardian of the student should have regular source of

income to the extent they are able to

repay the loan in case of need or unforeseen circumstances

Borroer

0tudent and parent )ointly

For employed students loans can be granted in their individual names

oan mount

Rs. lacsfor studies in India and

Rs.3- lacsfor studies abroad

%nterest Rates

At competitive rates on reducing balance only.

?pto Rs. 2 acs 4 32K >.a.

Above Rs. 2 acs 3K>.a.

Re>ayment

@uarterly remittance of interest to be made during the course period.

Depayment of the loan will start 2 yrsafter the completion of studiesby the borrower or one month after

getting employment whichever is earlier.

+he >rinci>al amount o? the loan L interestaccrued thereon will be

repaid in $ monthsinstallment

Security For loans upto acs

/o'obligation of either or both parents or guardian or third party guarantee with netmeans e!ual to

amount of loan and 6I/ policy for e!uivalent to the loan amount.

For 6oans above acs


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/ollatoral which is 3-Kof the loan amount is re!uired

"o>O

&ur home e!uity installment loans and home e!uity lines of credit offer you great benefits, including potential taD deda>>lication ?ees. ;ou can use our home e!uity loans to pay for almost any large expense at lower rates than many oth

on your application, usually within HE seconds

Some im>ortant ?eatures o? PNB:4

@. Who can avail Housing Loan from this Bank?

A. Any Individual can avail housing loan from this ban%.

@.2 what are thepurposes for which anyone can avail Housing Loan?

A. i> For construction of house.

ii> For purchase of house"flat. iii> For purchase of house"flat from the original allottee, i.e. on First (ower of

Attorney basis.

iv> For carrying out repairs"renovation"additions"alterations in the existing house.

@.3How much loan amount anyone can avail?

A. EC of the cost of pro)ect, sub)ect to maximum of Ds.BE lac, depending upon pro)ect

cost and your repaying capacity. owever, for carrying out
http://www.imsindia.com/#tophttp://www.imsindia.com/#tophttp://www.imsindia.com/#top


49/72

repairs"renovation"additions"alterations in the existing house EC of the estimate of

expenses, sub)ect to a ceiling of Ds.B lac.

@.= What will be the rate of interest ?

A. +he rate of interest for the loans sanctioned on or after .H.2EE will be applicable

as per the option exercised by the borrower. For loans sanctioned onor after 23.L.L till E.H.2EE, rate of interest will not be changed during the currency of

the loan unless ban%s (+6D is fixed above the rate of interest applicable to the loan

account as per sanction. In such cases, the rate of interest applicable to the loan accountshall be fixed at the (+6D itself. As regards loans sanctioned prior to 23.L.L, rate of

interest is sub)ect to change from time to time.

@.BCan the option on the rate of interest eercise! at the time of sanction be switche!over !uring the currency of the loan?

A. +he option for Fixed or Floating Date of Interest exrcised by the borrower at the time

of sanction will not be allowed to be switched over for a minimum period of 3 years.

+hereafter any change would be at the discretion of the 0anctioning Authority.

@.HHow much perio! is available for repayment?

A. 6oan together with interest is to be repaid in 1!uated 9onthly Instalments within a

maximum period of 2E years, or before the borrower attains the age of HB years.

@. Whether interest applicable is flat rate or at re!ucibg balance?A. Interest is charged on reducing balance.

@. What formalities are to be complete! for availing the facility?A. Formalities vary from case to case. For details, %indly contact our nearest branch.

@.L What security !oes the bank for making the loan re"uire ?

A. i> 9ortgage of property for which finance is being given. ii> In case of purchase of house flat from housing board"society where mortgage cannot

be created immediately, a tripartite agreement shall be executed amongst the housing

board"society, borrower and the $an%.

iii> In case of purchase of house"flat on first power of attorney, additional security by

way of mortgage of some other property or pledge of $an%s Fixed :eposit Deceipt"6I/policy"4ovt. securities has to be provided.

iv> 0uitable third party guarantee acceptable to the $an% which may include guaranteefrom family members"other relatives.


50/72


51/72

A For individuals, loan amount shall be 2E times the et 9onthly 0alary"Income,

sub)ect to maximum of Ds..EE lac or EC of the cost of the vehicle whichever is less.

In case of business concerns, loan amount can be need based and is not sub)ect to anyceiling.

@ whether the income of the spouse is also taken into account for !etermining theamount of loan ?

A ;es, income of the spouse can also be ta%en into account for determining the amount

of loan. In such cases, the spouse shall stand a guarantor.

@ What will be the repayment perio!?

A Amount of loan together with interest shall be repayable maximum in = e!ual

monthly instalments. owever, for old car, loan together with interest is to be repaidmaximum in HE e!ual monthly instalments.

@ What is the rate of interest charge! ?

A +he rate of interest applicable for car loans is =C p.a. for loans upto Ds. 2 lacs andB.EEC(min.)p.a. for loans above Ds. 2 lacs.For other vehicles, it is BC p.a..

+his is sub)ect to change from time to time.

@ Whether interest applicable is flat rate or at re!ucing balance?

A Interest is charged on reducing balance.

@ What formalities are to be complete! for availing the facility?

A +he following documents are re!uired to be submitted

i> (roforma Invoice of /ar to be purchased. ii> (roof of residence

iii> (roof of Income

iv> :etails of guarantor.

0@s

@. Who is eligible to get loan un!er the scheme ?A. +he following categories of professionals are eligible to get loan under the scheme

a> (ersons already practising or new entrants in various professionals, having licences

issued under /entral or 0tate 6egislations.

b> Associations of persons engaged in a single profession provided that each memberof such an

association is !ualified and duly licensed to practice in the professionP and

c> +he !ualified professionals will be re!uired to produce a certified copy of thelicence for the record at the ban% .

#$. What is the purpose for which a!vance is sanctione! ?A. 6oans under this scheme may be granted for the purpose of financing purchase of


52/72

e!uipment

used by the borrowers, business premises, construction, ma%ing alterations or renovation

ofbusiness premises"nursing homes or for wor%ing capital re!uirements, in their

professions.

#*. How much loan can be availe! un!er this scheme ?

A. Amount of loan eed based on merits within the overall permissible limits as under

MetroA 1rban S.1rbanA Rural rea.9edical practitioners B.EE lac E.E lac

2. &ther professionals B.EE lac B.EE lac

3. 9argin il upto Ds.2BEEE"'

2BC Above Ds.2BEEE"'

#+. What is the rate of 'nterest charge! ?

i> 6oans upto Ds. 2 lac .BEC p.a.

ii> 6oans above Ds. 2 lac '*or%ing /apital 3.BEC p.a.

'+erm 6oans =.EEC p.a.+his is sub)ect to change from time to time.

#%. What will be the repayment perio! for the term loan ?A. Depayment will be in e!ual monthly instalments within the following periods

' 6oans upto Ds.BEEEE"' = months

' 6oans beyond Ds.BEEEE"' HE months

#&. What is the proce!ure for !isbursement of the loan ?

A. (ayment will be made direct to the suppliers" dealers.

In case of construction of the premises, the loan may be disbursed in phases afterverifying the

end use in terms of the plan as also at the spot.

0@s

@. Which are the types of e!ucation for which e!ucation loans are given ?

A. 1ducation loans are given for pursuing all types of education viz. general,

professional, technical and vocational courses.

@2.Which costs are finance! un!er the scheme ?

A. +he scheme enables the needy students to meet the following costs for studies in Indiaas well as abroad admission fees, boo%s K stationery, instruments re!uired for the

course, monthly fees, examination fees,insurance premium for policy on life of the

borrowing student,caution deposit"building fund"refundable deposit supported bybills"receipts,expenses li%e study tours"pro)ect wor%"thesis etc. re!uired to complete the


53/72

course, boarding and lodging expenses, and travel expenses"passage money including air

fare for )oining the course abroad.

@3. Who is eligible to get loan un!er the scheme ?

A. +he following is the eligibility criteria for getting loan under the scheme

' Indian nationals, in the age group of H'=E years. For part time computer courses,applicants in the age group of H'=B years are eligible.

' 0tudents who have scored pass mar%s in their last !ualifying examination and have

secured admission in the courses mentioned above.' +he parents"guardian should have regular source of income to the extent that they are

able to repay the loan in case of need"unforeseen circumstances.

' 1mployed persons intending to better their prospects can also avail loan for improving

their educational !ualifications and"or receive training in modern technology in India"abroad.

@=.How much loan amount ' can avail ?

A. +his is co'related to expenses involved in ta%ing up the course and the expectedearnings after !ualifying, sub)ect to maximum of

i> For studies in India Ds. .BE lacs

ii> For studies abroad Ds.B.EE lacs

@B.How much loan amount ' can avail for pursuing part time computer courses ?In case of part time computer courses, the extent of loan should not exceed Ds. BE,EEE"'

per annum or fee fixed by the particular institution, whichever is less.

@H. What is the security re"uire! by the bank ?

A. +he following additional security in addition to the personal liability of the borroweris re!uired

i> 6oan upto Ds. B.EE lacs /o'obligation of either or both parent or guardian and

the 6I/ (olicy for e!uivalent to the amount of loan.

ii> 6oan above Ds. B.EE lacs /o'obligation of parent or guardian and /ollateral

0ecurity or third party guarantee acceptable to the ban% e!uivalent to EEC of the amount

of loan.

@.What is the rate of interest charge! in the loan ?

A. +he interest rates presently applicable to the education loan are as under i> 6oan upto Ds. = lac2.EEC p.a.

ii> 6oan over Ds. 2 lac upto Ds. B lac 3.EEC p.a.

iii> 6oan over Ds. B lac BC p.a.+he Interest rates are sub)ect to change from time to time.

@. What is the metho! of application of interest in the loan 8

A. +he interest shall be charged at simple rate from the date of disbursement till the


54/72

commencement of repayment of loan. +hereafter, compound interest is charged on

reducing balance.

@L. When !oes the repayment of loan commence ?

A. Depayment will commence after two years of the completion of studies by the

borrower or one month after his"her getting employment, whichever is earlier.

@E. What is the repayment sche!ule ?

A. (rincipal and interest is repayable in = monthly instalments.

@.'s there any stipulation about ceiling on annual income of parents,guar!ian ?

A. o, there is no stipulation of ceiling on annual income of the parents"guardians.

0@s

@. Can anyone raise loan un!er this scheme for activities other than -griculture ?

A. ;es, for other rural household re!uirements such as education, consumable items ,

medical expenses , etc. upto 2BC of the limit or Ds.2B,EEE"' whichever is lower.

@2.o ' nee! minimum "ualification to be eligible un!er the scheme. ?

A. o.

@3.'f ' have % acre of unirrigate! lan! / am ' eligible un!er the scheme ?

A. ;es .

@=. Can ' take the payment from the other branches also ?

A. ;es , but within the same district whereas the illiterate card holders will avail the

facility from the issuing branch only.

@B.o ' have to pay any a!!itional fee,charge for with!rawing cash from other than the

issuing branch ?A. ;es , if you withdraw cash from the branch other than the issuing branch a

commission Q2C is charged and the same is deducted from the cash withdrawn .

#&. 'f ' want to renew my 0rishi Car! what formalities are re"uire! ?

A. ;ou should approach the issuing branch one month before the expiry of the card witha written re!uest for the same.

#. 's there any concept of the margin un!er the scheme ?

A. For limits upto Ds. 2,EE,EEE"', the margin re!uiremnts are nil.

For limits above Ds.2EE,EEE"' upto Ds. 3,EE,EEE"', margin re!uirement is EC.

#. 'n case of loss of car!,passbook what are the formalities ?


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A. Inform the card issuing branch by !uic%est means and a new card is re'issued on

payment of nominal charges of Ds.2EE"'.

#1. How !o you work out the eligible limit ?

A. +he limit is wor%ed out on the basis of your total income from farm as well as non'

farm activities, extent of land holding, acreage and average yield of crops grown, pricerealisations etc..

#23. How !o ' repay the amount raise! against the car! ?A. Aggregate credits into the account during the 2" months period,as the case may be,

should atleast be e!ual to the maximum outstanding in the account.+he card holder will

also have to maintain his"her cash credit account in credit balance for atleast one wee%

once a year. owever, the consumption loan portion shall be ad)usted within a period ofthree years. All the repayments"deposits by the card holder shall be made at the card

issuing branch only.

0@s

@.4or which activities loan can be raise! un!er this scheme ?A. 6oans can be provided under this scheme to both individuals as well as

business enterprises for the purpose of meeting business and personal

needs.(ersonal needs would cover childrens higher education, travel, daughters

marriage, medical emergencies, etc. 6oans,however, are not available forspeculative purpose.

@2.-re loans available in in rural,semi5urban areas ?A. 6oans are available anywhere in India from ($ branches but only against

mortgage of properties at urban"metro centers.

@3. 6o what etent loan can be raise! un!er this scheme ?

A. 6oans can be raised under this scheme upto 2E times of their net monthly

income or Ds.E lacs whichever is lower, with a minimum loan amount of Ds. 2lacs.

@=.What is the repayment sche!ule for this scheme ?

A. 6oan together with interest is repayable in maximum HE e!ual monthlyinstalments.owever, it should not normally exceed BEC of the gross income of

the borrower.

@B. What is the security to be provi!e! for this loan ?

A. 6oans can be provided under this scheme against non'encumbered residential

house"flat, commercial or industrial property situated in 9etro"?rban /entresonly in the name and possession of the borrower. +he property should be of value

e!ual to BEC of the loan amount.

#&. What is the rate of interest to be charge! on loans un!er this scheme ?


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A. (resently, the rate of interest being charged on this scheme is HC p.a..+his is

sub)ect to change from time to time.

#. -re there any processing charges for loans un!er this scheme?

A. 6oan carries a nominal processing charges of Ds.2EE for loans upto Ds. 2 lac,

and Ds. BE per lac or part thereof in case of loans over Ds. 2 lac. +here are nopre'payment charges

.

0@s

@.4or which activities loan can be raise! un!er this scheme ?

A. 6oans can be provided under this scheme to both individuals as well as business

enterprises for the purpose of meeting business and personal needs. 6oans,however, are

not available for speculative purpose.

@2.-re loans available in in rural,semi5urban areas ?

A. 6oans are available anywhere in India from ($ branches but only against mortgageof properties at urban"metro centers.

@3. 6o what etent loan can be raise! un!er this scheme ?A. 6oans can be raised under this scheme to a maximum loan amount restricted to EC

of the future lease rentals receivable, which should not exceed the amount of rent

receivable within unexpired period of rent deed"lease deed or 3 years whichever is less.1xposure per borrower is not to exceed Ds. B crore.

@=.What is the repayment sche!ule for this scheme ?A. 6oan is repayable in maximum 3H e!ual monthly instalments or remaining period ofthe lease whichever is earlier.

@B. What is the security to be provi!e! for this loan ?A.0ecurity under this scheme is to be provided as under

.Assignment of lease rentals.

2.1!uitable mortgage of any immovable property to the extent of EEC of the loan.3.+hird'party guarantee.

#&. What is the rate of interest to be charge! on loans un!er this scheme ?

A. (resently, the rate of interest being charged on this scheme is HC p.a.+his is sub)ectto change from time to time.

#. -re there any processing charges for loans un!er this scheme?A. 6oan carries a nominal processing charges of Ds.2EE for loans upto Ds. 2 lac, and Ds.

BE per lac or part thereof in case of loans over Ds. 2 lac. +here are no pre'payment charg


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0@s

@. Which women can avail Loan from your Bank un!er the scheme for financing

housewives?

A. Any woman"housewife, years of age and above, living at a place for more than Hmonths and who has not been a member of any industrial co'operative soceity, as also not

indebted to any cooperative or state agency, can avail loan under this scheme.

#.$ What kin! of activities can be got finance! un!er this scheme?

A. ousewives and other ladies can avail this loan for pro)ects relating toartisans,village and cottage industries, 00I small business and retail trade. Industrial

pro)ects re!uiring higher assistance may also be considered under the scheme of

financing small scale industries.

@.3 How the loan is !isburse! ?

A. +he amount of loan for purchase of e!uipment shall be paid directly to the

supplier. Advances against raw material will be made either in the form of pay order infavour of the supplier or on the presentation of bill to the ban%. In respect of re!uirements

of petty items li%e tools, e!uipment and raw materials, cost not exceeding Ds.EE"' peritem, the amount may be released either to the borrower or to supplier in cash upto

Ds.3EEE"' on merits, without insisting for performa bills, cash'memo etc..

@.= What will be the loan amount?

A. +he amount to be disbursed will be need based,sub)ect to ceiling of Ds.2B,EEE"' per

borrower for purchase of machinery"e!uipment etc.and meeting wor%ing capitalre!uirement of one operating cycle.

#.% What will be the repayment perio!?A. +he term loan"composite term loan is re!uired to be ad)usted in 3H monthly

instalments starting 3 to H months from the date of availment depending upon generationof surplus.

#.& What is the rate of 'nterest charge! ?A. At present Interest rate is 2.EEC. +his is sub)ect to change from time to time.

0@s

@. Who can avail loan un!er 7ahila 8!yam 9i!hi :cheme from your Bank?

A. 1ntrepreneurs engaged in new pro)ects in tiny and small scale sectors for

manufacture, preservation or processing of goods


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all industrial activities and service activities in the 00I

sector, are also eligible for loan under this scheme.

#.$ What are the criteria for pro;ect outlay for financing un!er this scheme?

A. +he pro)ect cost criterion is as under

'for new pro)ects not exceeding Ds.E.EE per pro)ect. 'for existing units and service enterprises the outlay on

expansion"modernisation"technology upgradation, or diversification or rehabilitationshould not be exceeding Ds.E.EE la%h per pro)ect.

@.3How is the soft loan portion !isburse! ?

A. +he soft loan is to be disbursed in accordance with terms and conditions of sanctionand only after the promoter has brought in her own contribution in full. In

this connection, the ban% acts as agent of 0I:$I for sanction, disbursement and recovery

of soft loan.

@.= What will be the soft loan amount?

A. A soft loan under this scheme can be sanctioned upto 2BC of the pro)ect cost with aceiling of Ds.2.BE la%h per pro)ect to meet the gap in e!uity as per prescribed :ebt 1!uity

Datio of .B , after ta%ing into account the promotors# own contribution e!uivalent to

EC of the pro)ect cost. In addition,term loan may be sanctioned as per usual normsunder Definance 0cheme of 0I:$I.

#.% What will be the repayment perio! of the soft loan?A. +he soft loan is repayable within E years. owever,the period of repayment of soft loan will be co'

terminus with that of term loan.

#.& What are the rate(s) of 'nterest charge! for the soft loan an! the term loan

respectively?A. In case of the soft loan, only service charge Q C p.a. is payable, which may be

retained by lending office.As for the term loan, the interest rates will be as advised from

time to time &D structure under the Definance 0cheme as fixed by 0I:$I from time to

time, in case refinance has been availed.

#. What is the etent of


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Educational Loan SchemeThe Reserve Bank of India has evolved an educational loan scheme to facilitate financialassistance to students seeking admission to private professional colleges to pursue the full timegraduate/post-graduate courses.The scheme is effective from August 1,1999. All pulic sector

anks have een directed ! RBI to provide educational loans to students "ho fulfil certaineligiilit! criteria.

RBI has identified following disciplines#i. medical and dental $all ranches such as allopath!, a!urvedic, homoeopath!, unani%ii. engineeringiii. chemical technolog!iv. managementv. architecture including interior decorationvi. la"vii. computer science and applications

Eligibility criteria:

$i% &tudent should have secured admission in private professional collegeagainst either free/merit or pa!ment seat. &tudent "ill have to sumit a certificate to this effectfrom the principal / competent authorit! of the college concerned. The college should e affiliatedto a universit! in the countr! and the course should e recognised ! the concerned governingod!, such as, Indian 'edical (ouncil, etc.$ii% &tudent)s annual famil! income $or that of his father or guardian% should not e*ceed Rs.1 lakhfrom all sources. An affidavit to this effect "ill have to e furnished ! the student and his fatherand in the asence of the father, ! mother or other near relative.$iii% &tudents "ho have secured admission against +uota of seats meant for RI/foreign students"ill not e eligile for assistance under the scheme.

Loan amount# Rs. 1, for free/merit seat student and Rs.,/- for pa!ment seat students,or the fees pa!ale ! the student, "hichever is less.Interest# The rate of interest charged under the scheme "ill in no event e*ceed 1 per cent perannum.Security # The advances in this case "ill e on clean asis.Repayment:Repa!ment of the loan "ill commence immediatel! after t"o !ears of completion ofthe course the student is stud!ing in or si* months after the student orro"er has securedemplo!ment and starts earning, "hichever is earlier. The total period for repa!ment including theaove period of t"o !ears or si* months, as the case ma! e, should not e*ceed five !ears fromthe date of completion of the course ! the student.

A ond undertaking to repa! the loan amount in the stipulated manner "ill have to e e*ecuted! the student and in case the student is minor, ! his father/mother or the guardian.

&tudent "ill have to sumit a certificate ever! !ear from the college authorities regarding fees

pa!ale ! him. The lending ank to the college concerned "ill remit loan amount. 0oan grantedin each academic !ear ma! e treated as a separate loan account for determining rate ofinterest, securit!, etc.

The assistance from the ank should e availale to the student for the entire duration of thecourse. The student "ill not e re+uired to sumit a fresh application for loan ever! !ear ut "illonl! sumit to the ank proof of his continuing to fulfill the eligiilit! criteria.


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o"ever the o2ective of the scheme to provide financial assistance ! "a! of loans to themeritorious and indigent students in order to encourage them to pursue the full timegraduate/post- graduate professional courses in private professional colleges for developing thetechnical skills "ill e fulfilled onl! if the anks implement it properl!.


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Citiban5

2 hours is all it ta%es to bring home happiness. In whatever form it may be. $e it money for your

childs education, (/ or consumer durables, a vacation abroad, a wedding in the family, or )ustabout anything else. /itiban% (ersonal 6oan ta%es care of all. 0o, if there is something we want to

do for your loved ones, we can approach /itiban%. *e can get loans from Ds.=E,EEE to Ds.E lacs

oans ?or salaried em>loyees and sel?4em>loyed >ro?essionals

we are eligible if we are an employee of /entral 4ovt., (0? or a (ublic 6td. /ompany, or a self'

employed professional. All we need is a minimum net monthly income of Ds.HEEE. And we get

the loan directly through a demand draft.

No Security or +uarantorso security or guarantors are needed. 7ust your payslip or an I+ returns form will do.

0leDible Re>ayment &>tions

Depay conveniently in 1!uated 9onthly Instalments of 2, 2=, 3H or = months.

ttractirocessin9

+he money is yours within 2 hours of submitting your application form along with the relevant

documents.

)li9ibility Criteria

+o %now more about the eligibility criteria applicable to you, please choose your profession from

the dropdown


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?or sel? em>loyed >ro?essional


Age limit 2B yrs ' HB yrs

9inimum yearly 4ross Income of Ds. B,EEE

9inimum three years of self'employment

I+ Assessee for at least last two years

oan amount' wecan get loan up to .2B'times your gross annual income sub)ect to 9inimum Ds. ,EE,EEE to 9aximum =,EE,EEE.

"enor9inimum year to 9aximum = years

/hat they need ?rom us8

2 years Income tax returns 5 supplementary documents

$an% A"c statement for the last H months

(A number or F&D9 HE for loans greater than Ds. BE,EEE

0upplementary documents (roof of age, residence and I:

?or salaried indi


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6ast 2 months 0alary slip not more than LE days old

a> /omputerised pay slip with company logo

b> (ay slip on company letterhead.

< 6ast 3 months $an% statement if pay slip is not in standard format>

(A number or F&D9 HE for loans greater than Ds. BEEEE.


0or salaried doctors


Age limit 23 yrs ' B yrs or retirement age

9inimum annual 4ross Income of Ds. ,2E,EEE

9inimum @ualification 9.$.$.0"9.:, $.:.0,

:iploma in &phthalmology , :.&":.&.9.0

(ermanent"/onfirmed employee

oan amount:4 ecan get loan up to 2' times your gross monthly income sub)ect to

9inimum Ds. BE,EEE to 9aximum 3,EE,EEE

"enor'9inimum year to 9aximum = years


6ast 2 months 0alary slip not more than LE days old or latest Form H


(A number or F&D9 HE for loans greater than Ds. BEEEE


0or sel? em>loyed doctors


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9inimum yearly 4ross Income of Ds. HE,EEE

9inimum @ualification 9$$0"$:0


oan amount:4;ou can get loan up to ='times your gross annual income sub)ect to

9inimum Ds. ,EE,EEE to 9aximum E,EE,EEE

"enor:4 Minimum year to 9aximum = years





0or sel? em>loyed caAica



9inimum yearly 4ross Income of Ds. B,EEE



oan amount:4 ecan get loan up to 2'times your gross annual income sub)ect to 9inimum Ds. ,EE,EEE to 9aximum =,EE,EEE

"enor9inimum year to 9aximum = years




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0or sel? em>loyed en9ineers



9inimum yearly 4ross Income of Ds. 2,EE,EEE



oan amount:4we can get loan up to .2B'times your gross annual income sub)ect to 9inimum Ds. ,EE,EEE to 9aximum =,EE,EEE

"enor:49inimum year to 9aximum = years







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Standard charter

9o on that ell deserlan ?or your dau9hter7s eddin9

>ersonal loans ?or your education

4o for standard charter then

(ersonal loan is specially designed to get you the money you need in time, without

having to answer unnecessary !uestions, and without any collateral or mortgages.

1niQue 0eatures

;ou get to choose the repayment plan most convenient for you, ranging from a compact

2'month period to a comfortable 3H'month span.

;ou are free to use the money for renovating your house or meeting some unexpected

expenses etc

o collateral or security.

@uic% and easy processing.

)li9ibility criteria

be at least 2 years of age but not more than HB years at the time of applying.

be residing within city limits.


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So; ho can anyone 9et a car loan8 All we have to do is Apply online or call (hone

$an%ing at any of their branches and theyll come to over to our home or office to help

us ta%e care of all the formalities.

>ro??esional loans

need a loan ?or our child7s hi9her education8

eres an installment loan thats tailor'made to meet your personal or professional needs

without the bother of any collateral or security, and in minimum possible time. And all it

ta%es, is )ust one call

1niQue 0eatures

+a%e a loan for an amount ranging from Ds. BE,EEE to Ds. EE,EEE /hoose a repayment

period of 'B years @uic% approval and easy realization @uic% and easy documentation

)li9ibility criteria

a professional ' /A, doctor, engineer, architect or management consultant have a

minimum income of Ds.HE,EEE per annum reside within city limits be between 2B yearsand HB years

So; ho do anyone 9et a >ro?essional loan8

All we have to do is Apply online or call (hone $an%ing at any of their branches andtheyll come to over to our home or office to help us ta%e care of all the formalities.


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I&I&I

/hat7s so uniQue about %C%C% Personal oans8

6oans are available from as low as Ds 2E,EEE to Ds 3 la%h

o security, collateral or guarantors re!uired

Any'purpose loans with no !uestions as%ed regarding the end use of the loan

assle'free application process with the clic% of a mouse

:etails on your application status online

$alance +ransfer facility from' (ersonal loans to personal loans

' /redit cards to personal loans

ome 6oans ' I/I/I $an%

+he I/I/I $an% ome 6oans are available in the following cities Aurangabad Ahmedabad$angalore $aroda /hennai /alcutta :elhi 9umbaiasi%agpur (une

oan mount

+he loan amout is upto a maximum of BC of the value of the property to be financed. 9inimumamount Ds. la%h 9aximum amount Ds. E million.

"enor

+he tenor of a I/I/I $an% home loan ranges from a period of year to 3E years depending on the

type of loan availed.

)li9ibility


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+he eligibility criteria are R+he applicant should be atleast 2B years of age and a maximum of HByears at the time of loan maturity. +he applicant should have a regular source of income.

ocumentation

+he documents re!uired are(assport size photograph of all the applicants Desidence and age

verification, which may be established from the (A card, 1lection I:, (assport, :riving6icense or Dation card $an% statements for the last six months 6atest salary slip"statementshowing all deductions in case of employed applicants /ertified copies of $alance 0heets and(rofit and 6oss accounts, I+ ac%nowledgments, advance tax challans


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C&NC1S%&N

+he Financial system is one of the most important inventions of the modern society. +he

phenomenon of inbalance in the distribution of capital or funds economic system. Afinancial system function as an intermediary and facilitates the flow of funds from the

areas of surplus to the areas of deficit. $y ma%ing funds available the financial systemhelps in the growth of modern economies and also enables the process of improving the

standard of living of the country#s citizens.

In the financial system commercial ban% are the oldest, biggest and the fastest financial

intermediaries in India. +hey are the most important depositors of public savings as themost important disburses of finance. +he ob)ective of ban%s is to ma%e deposit and give

loans.

In carrying out secondary research on the giving pro)ect we ta%e upon various %ind ofdifferent loans that are provided by this ban%s. +hese research was conducted across

various ban%s covering both the private as well as public sector. :espite being in variousopposite fields all the ban%s resembled !uite similarities as far as there loan policies were

concerned. It was however that the public sector extended a greater diversity of loan

facilities relative to the private sectors. $an%s which offer the loan facilities to thegeneral public are doing a great service in performing substances.


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Car Loan for SBI

Documents

Transcript of Car Loan for SBI