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Quick Success Series : P Seg Loan Products DEC 31, 2018

Updated by Sanjay Kr.Sharma, Manager(Trg)

P SEG LOAN PRODUCTS

QUICK SUCCESS SERIES is an initiative of SBLC Deoghar to facilitate the preparation of promotion seeking personnel of our Bank, appears to have succeeded in its objective to a large extent as the readers are still approaching us for its revision/updation despite availability of plenty of other study materials.

We would not have been able to sustain this unique effort of ours, without the active support and continuous encouragement of our DGM cum Circle Development officer Sri Paresh Chandra Barik. We are deeply indebted to him for his co-operation and guidance.

Though every care has been taken while updating the contents, we request our readers to point out any lapses at the earliest. Needless to mention that this book is not a substitute of circular instructions issued by the Bank from time to time. For detailed guidelines please refer to Bank’s latest circulars. Soft copy of this edition is available on our ftp://10.151.51.37 in QSS 2019 folder and on SBI TIMES>PATNA CIRCLE>SBLC Deoghar site.

Team SBLC Deoghar is humbled by the response and recognition; it is receiving from readers within and beyond the circle. Our Team wishes the readers grand success in their endeavors.

Kumar Umeshwar Singh

Assistant General Manager,

State Bank Learning Centre,

Deoghar- 814112

Phone- 06432-232895

Fax - 06432-231810

E-mail: [email protected]

(UPDATED UP TO 31.DEC , 2018)

Updated By:

Sanjay Kumar Sharma

Manager Training, SBLC Deoghar

Mobile- 9934435855

e-Mail- [email protected]

Quick Success Series


Home Loan(Note: Based on Master Circular Home Loans Dated 19 Apr 2018 and e-circular published after that date.)Purpose: i.Purchase a plot of land for purpose of construction of house ii. Purchase /construct a new house/flat iii. Purchase an existing (old) house / flat or extend an existing house iv. Repair or renovate an existing house /flat v. takeover of Home Loans from other Banks/HFCs/FIs vi. furnishing/interiors as part of the project cost. vii. re-imbursement of investment made from own resources during the preceding twelve months for purchase of property/construction/repairs/extension of house .Eligibility: Individual(s) over 18 years of age with steady source of income, including persons engaged in agriculture & allied activities. In case the property holder is not having independent source of income, theIncome earning near relative may join as co-borrower/ guarantor for the loan and his or her income can be taken for arriving at loan eligibility. Loan Tenor/ Repayment Period: Up to 30 years subject to liquidation of the Home Loan before the borrower reaches the age of 70 years. For Commercial Real Estate (CRE) and Individuals engaged in business- maximum loan tenor- 25 years. Maximum Age: Maximum age limit for a Home Loan borrower, i.e. the age by which the loan should be fully repaid is fixed at 70 years. Sanctioning authority is, however, left with discretion to sanction loans toindividuals above the age of 70 years, provided son / daughter / spouse, who is a legal heir and preferably below the age of 50 years, with sufficient income for servicing the loan repayment, joins as co-borrower / guarantor. Loan repayment in such cases should be made through a joint deposit account /current account in the names of all the joint borrowers / guarantors. In such cases, no of co-borrower may increase more than three due to inclusion of legal heirs.No. of Co-Borrowers: maximum 3 including spouse/children/parents/siblings. AGM Region/ Branch may relax provided Repayment is made through a Joint A/C of borrowers.Eligible Income for arriving at maximum loan amount:For Salaried Customers: salary income + other incomes which are either appearing in the Salary Slip or/and Form-16 or/and IT Return such as variable pay, performance/production linked incentives, bonus, overtime allowance, reimbursement of expenditure, etc. may be included in the salary income on the basis of the average of the last two years after excluding taxes and statutory deductions For Non-Salaried Customers: Net Annual Income appearing in the latest Income Tax Return (last 3 yrs ITR

to be obtained) +Depreciation (average of last 3 years or depreciation for the current year whichever is lower). Any disproportionate variation, say more than 20%, in current year income as compared to the previous year should be examined judiciously and the Sanctioning authority should satisfy themselves about the reasons for such major variations. (Ref. e-Circular NBG/PBU/HL-HOME LOANS/39/2014-15 dt 10.02.2015)For Agriculturist: NAI will be arrived at, based on the nature of their activity (e.g. farming, dairy, poultry, orchards, etc.), land holding, cropping pattern, yield etc. and average level of income derived there from in the area Income of spouse/children/parents/ siblings may be considered for arriving at maximum loan amount provided they stand as co-borrower/ Guarantor. Expected rent accruals: may be reckoned, subject to maximum amount <= applicant’s Net Monthly Income(NMI)/Net Annual Income (NAI) Not to be considered in case of ‘SBI-Realty’ Home Loans and ‘SBI Yuva’ Home LoanEMI/NMI Ratio:

NAI (in Lakhs) EMI/NMI Ratio<=1.20 20%>1.20 <=3.00 30%>=3.00, <= 5.00 55%>=5.00, <= 8.00 60%>8.00, <= 10.00 65%>10.00 70%

Discretionary power for relaxation- NilLimit enhancement due to SBI Life premium : Margin on premium = 0, Int Rate= same as Home Loan, EMI/NMI= Increase due to SBI Life Premium permitted.Use of LOS- MandatoryLTV Ratio: (e-cir-1056/2015 – 16 dt 23/11/2015)

Home Loan Amount (LTV) RatioLoan up to 30 Lakhs 90%Loan above 30 up to 75 Lacs 80%Loan above 75 Lakhs 75%

Discretionary power to for concessions in LTV- NILIncluded- one time cost of additional amenities & other costs related to the property which are permanent in nature and add up to the realizable value of the security/property (viz. Township Corpus Fund, One time maintenance fund/deposit/corpus, Development Charges, Electrical fittings, one time Generator Charges, Club House Membership charges, Electricity/Water/Sewerage Board one time charges/deposits, VAT & Service Tax, Premium for Insurance of mortgage Property etc.) Stamp duty, Registration Charges and other documentation charges < Rs 10 LaKhs,Excluded- Stamp duty, Registration Charges and other documentation charges > Rs 10 Lakhs.In case of construction of individual house, where the plot is already owned by the borrower: the LTV will be calculated on the estimated cost of construction,dulyUpdated by Sanjay Kr.Sharma, Manager(Trg)


vetted by the empanelled valuer + current market value of the plot. However, the maximum loan amount will be restricted to the estimated cost of construction.In case of Take Over- MPBF as per the LTV ratio stipulated by the Reserve Bank of India will be calculated on the basis of-i. Ready to Move- MV as per latest valuation report.ii. Under Construction- lower of a. Value mentioned in agreement to sale plus other permissible expenses and b. Market value as per the latest valuation report.Nature of Takeover Maximum permissible LTVTakeover of only Home Loan with automatic waiver of Interim Security/Third PartyGuarantee (TPG) in eligible cases

75%

Takeover of Home loan where takeover of topup loan is also involved

75%

All other Home Loan Takeovers(a) For Loan limit upto Rs.30 lacs(b) For Loan limit above Rs.30 lacs and upto Rs.75 lacs(c) For Loan limit above Rs.75 lacs

90%

80%

75%

For Home Loans of Rs. 1 crore and above, two valuation report and two TIR should be obtained from two different valuers and advocates.Maximum Loan Amount:Lowest of:a) Permissible EMI/NMI ratiob) Maximum permissible LTV ratio c) Loan amount applied forAdding cost of furnishings/interior to the cost of house/flat: 10% of the cost of the house/flat or Rs. 25 lacs, whichever is lower. Max loan amount restricted to stipulated LTV ratio.Maximum loan for repair & renovation- 10 Lakhs, Such loans exceeding the above ceiling amount require prior administrative clearance from the GM of the network.Inclusion of Cost of Solar Photo Voltaic Lightening System: The cost of rooftop Solar Photo Voltaic System may be included in the cost/agreement to sale value for arriving at the Home Loan eligibility for purchase/construction/repair and renovation of residential units in respect of all applicants willing to install such systems.Home Loans (i) to builders for acquisition of flat/house in their own project, (ii) for acquiring residential property from close relatives- may be considered after obtaining deviation from DGM (B&O) in cases where Sanctioning Authority is upto the rank of SMGS-V.

Finance for purchase of multiple units in one project not allowed.Interest Rate General- Interest rates of our Home Loans and other RE products namely (i) SBI Home Topup Loan (ii) SBI Reverse Mortgage Loan (iii) Loan against Property (LAP) are linked to 1 year MCLR. The effective rate of interest in the account will be calculated ondaily balance of the loan amount at monthly rests, subject to interest rate reset at the end of every year from the date of first disbursement on the basis of prevailing 1 year MCLR as on the date of reset.Special interest rate is available to women borrowers under Her Ghar Scheme,subject to compliance of the following eligibility criteria;(i) Woman should be the sole applicant or one of the co-applicants for Home Loan,and also(ii) The woman should be the sole owner or one of the co-owners of the property proposed to be financed by the BankSwitch over option to existing home loan & home top-up loan borrowers to the current MCLR linked interest rate: It has also been decided to provide switch-over facility to the Base Rate linked Home Loans& Home Top-up Loans to switch-over to the applicable MCLR linked card interest rate on payment of switch-over fee. switch-over fee is 0.30%+ GST, minimum of Rs. 2,000/-plus taxes and maximum of Rs. 25,000/- plus taxes.Option for existing fixed rate/ floating rate customers to switch over to current rate: Switchover Facility is available to all our existing Home Loan borrowers having regular and standard floating interest rate accounts linked to Base Rate/SBAR or fixed interest rate accounts sanctioned prior to 11.07.2011.(ii) However, the switchover facility is not available to existing Home Loan customers under MCLR interest rate, sanctioned on or after 1st April, 2016. No fixed rate option is available on new Home Loans sanctioned on or after 1st May 2011.Penal Interest on Irregular Loans:i. < 25000/--No penal interest ii. above Rs.25000/- , if the irregularity exceeds EMI or Installment amount, for a period of one month, then penal interest should be recovered @ 2% p.a. (over and above the applicable interest rate) on the overdue amount for the period of default. If part installment or part EMI remains overdue, then penal interest should not be levied.Pre-closure penalty:(i)No pre payment and/or pre closure penalty will be levied on Home Loans irrespective of the period for which the account has run or the source of funds. (ii)Home Loan under Hamara Ghar:- Pre-payment penalty @ 2% plus Service Tax will be levied on the loans foreclosed/prepaid amount during the initial fixed tenor of 2 years.



Centralized Mailing of Interest Certificate- From May 2012, Interest Certificates are dispatched to customer centrally at their CBS addresses. Capital Adequacy Framework: Reserve Bank of India (RBI) has issued a notification advising changes in the Loan to Value (LTV) Ratios, Risk Weights and Standard Assets Provisioning requirements on Individual Housing Loans sanctioned on or after 07th June, 2017.The details are as under:

Processing Fee: 0.35% of the loan amount plus applicable service tax, minimum Rs. 2,000/-plus applicable service tax and maximum of Rs. 10,000/- plus applicable service tax.The Processing Fee on Home Loans is waived in respect of our Staff members and SBI pensioners.The Home Loan Processing Fee has been fully waived (till further instructions) to all Central/ State Government Employees and Defense Personnel willing to avail Home Loan under any Home Loan product.The Processing Fee will now be collected upfront along with loan application. In the event of rejection of loan proposal full processing fee will be refunded to the customer.Premium for SBI Life excluded for calculation of processing fee.Non-Home Charges on Repayment: Non Home Charges waived for Credit to HL in non home branch. Normal charges will be recovered in case of outstation cheques which are to be sent for collection. CERSAI - The registration charges (on actual basis) payable to CERSAI will be recovered from Home Loan borrowers at the time of documentation w.e.f. 01.02.2016. The limit-wise registration charges will be as under:Loan Amount Registration Charges (per loan

account)Upto Rs. 5 lacs

Rs. 50/- plus applicable GST

Above Rs.5lacs

Rs. 100/- plus applicable GST

Before creation of any mortgage the branches/ operating units have to verify the records of CERSAI to see that there is no preexisting charge registered with Central Registry.Security: Primary: EM/RM of the immovable property. Collateral: i. In lieu of mortgage of residential unit, loan may be secured by pledge on liquid securities of adequate value. ii. Other immovable properties may be taken as security in lieu of mortgage of house/flat financed provided realizable value of property (should not be vacant plot/land)>125% of loan amount.

Pari-passu/ Second Charge: permitted, administrative approval to be obtained from-upto 30 lakhs- AGM(Region/branch), over 30 lakhs- GM Network. Interim Security: Wherever creation of mortgage is likely to be delayed for any valid reason, suitable security including third party guarantee, as considered necessary, may be taken for the interim period. The Agreement to Mortgage should be executed by the borrower and the mortgage, as prescribed, must be created subsequently at the earliest.Waiver of Interim Security in prescribed cases- Sanctioning Authority or AGM (Region)/ (Branch)Penal interest/penalty on delayed mortgage: Penal interest @2% over and above the agreed interest rate will be recovered from the customers for the delayed period on the entire outstanding in cases where validmortgage is not created by the borrowers in favour of the Bank within 60 days of execution of Sale deed or issue of possession letter by builders/Occupation certificate, whichever is earlier.Execution of Documents on the basis of Power of Attorney: Not permitted for resident Home Loan borrowers, except borrowers employed in Defense Services, Para Military Forces and NRIs. The Power of Attorney would be restricted to close relatives namely Spouse, Father, Mother, Brother, Sister, children, Father-in-Law and Mother-in-Law . After execution of the documents by the duly Constituted Attorney for and on behalf of “Defence Employee or Para Military Personnel”, a written confirmation to be obtained from the concerned “Defence Employee or Para Military Personnel” by way of a letter confirming execution of the documents by the Attorney including creation of security by way of mortgage.Purchase of house /flats which are more than 15 years old: Administrative Clearance should be obtained from the next higher authority except expected longevity of the structure, as certified by an empanelled structural engineer / architect (or unexpired lease period, in case of lease hold properties) is at least 5 years more than the loan tenorValidity of Sanction: The sanction of a home loan will be valid for 3 months from the date of sanction. In case the loan remains undisbursed during the validity period, the applicant will be required to seek revalidation of sanction. However, the interest rate in the account will be as applicable as on the date of first disbursement.In-Principle’ approval: The ‘in-principle’ approval shall be valid for 30 days from the date of issue, subject to that at least partial disbursement of the loan is made before the expiry of the validity period.CIBIL & CIR: Upto 10 lakhs- Report from CIBILAbove Rs 10 Lakhs- Report from two credit bureau i.e. CIBIL & CRIF High Mark Credit Information Services Pvt Ltd. Incase no information is available with primary/second bureaus for Home Loan CIR from the next bureau which are (i)Experian Credit Information Updated by Sanjay Kr.Sharma, Manager(Trg)


Company of India (ii) Equifax Credit Information Services Pvt. Ltd.shall be pulled for risk mitigation. Multiple Deviations /concessions: In case of multiple deviations, all deviations to be approved by the highest authority in the Circle authorized to approve the required deviation/concession in the proposal.Option to avail loan at:(i) either at the place of construction, or (ii) place of employment/ profession/ business activity, or (iii) at a place of residence, or (iv) at a Branch located at other centre where he/she has ongoing relationship for last two years, by securing the loan repayment through check-off facility or by obtaining post-dated cheques/ECS/S.I. as per extant instructions.DSP account holders can avail Home Loan at a branch/ RACPC as per his convenience at (a) Place of posting (b) Place where salary is drawn and (c) Place of construction of propertyMoratorium:for buildings up to 7 floors – 18 Months> 7 and up to 14 floors – 24 months > 14 and up to 21 floors – 30 Months More than 21 floors – 36 MonthsMega/ Integrated Township -48Months(GM Approval) Loan for more than one house may be provided subject to:a) i- Applicant should fulfill income criteria and EMI/NMI norm,ii. Satisfactory conduct of existing account as evidenced in CIBILb) Exposure for 3rd house/ plot onwards will be treated as CRE Home loans. PDC: In terms of RBI Circular No. RBI/2012-12/444/DPSS.CO.CHD.No.1622/04.07.05/2012-13 dated 18.03.2013; no fresh Post Dated Cheques (PDC)/Equated Monthly Installment (EMI) cheques (either in old format or newCTS-2010 format) shall be accepted by lending banks in locations where the facility of ECS/RECS (Debit) is available. Section 25 of Payment and Settlement System Act 2007provides legal recourse on dishonor of ECS/SI. However, it is necessary to obtain a couple of CTS-2010 compliant cheques from customers as Security Cheques in addition to ECS/SI mandate.(BOD Circular No. NBG/BOD-GB/84/2013-14 dated 09.01.2014)Where check off/ ECS/SI are not available, at least 48 PDCs (or for the remaining loan period) to be obtained.Inspections:>>Property inspection is to be carried out and recorded at each stage of disbursement.>>Post disbursement inspection within 15 days in respect of all loans disbursements, thereafter every quarter for the first year to ensure mortgage formalities

have been completed, Bank’s charge on property noted and possession of the property is taken by the borrower. The 2nd and 4th inspections should be carried out by a different official. Thereafter, inspection to be carried out once in every 3 years>Randomly selected 5% accounts should be verified by Inspection every month.>If repayments are in arrears for two successive months inspection should be conducted immediately. ENTRY IN ‘Default TL Account Register’> 6 Month Default- Revival Letter to be obtained from Borrower and Guarantor. >For NPAs: At half - yearly intervalsEngagement of Builders as Marketing Associates:The builders, with whom we have tie-up arrangements, are engaged as our Marketing Associates (MA) for promoting our Home Loans. In addition to the builder and builder’s representatives, Housing Co-operative Societies or their representatives may also be engaged as MA. Commission to MAs will be paid by RBOs strictly based on LOS data. Commission should not to be paid through Cheque/IOI/DD. Any commission paid to MAs other than based on LOS/CBS data, will be treated as unauthorized payment. Empanelment of Home Loan Counselors (HLCs) at Branches linked to RACPC/ RASMECC/ LPC etc: Any individual (including a builder’s representative) who has prior experience of selling Home Loans, mortgage backed products, auto loans, credit/ debit cards, demat accounts and any other similar financial products can be empanelled as Home Loan Counselors (HLCs) for sourcing Home Loan proposals. The services of well established non-individual Firms/Companies may also be utilized by Circles for sourcing of Home Loan proposals.RATE OF COMMISSION PAYABLE TO HLCs, HLAs, MCs, MA:-( cir dtd 01/12/2018)Sr.No.

Limit Brackets

New Loans Take Over Loans

01 Where the aggregate sourcingis upto Rs. 1.00 crore, per month

0.30% + Applicable taxes(Max Rs.3.00 lakh per loan)

0.45% + Applicable taxes(Max Rs.3.00 lakh per loan)

02 Where the aggregate sourcingis more than Rs. 1.00 crore andupto Rs.

0.35% + Applicable taxes(Max Rs.3.00 lakh perloan)




3.00 crore, per month

03 Where the aggregate sourcing ismore than Rs.3.00 crore and uptoRs. 6.00 crore, per month



04 Where the aggregate sourcingis more than Rs.6.00 crore andupto Rs. 9.00 crore, per month



05 Where the aggregate sourcingis more than Rs.9.00 crore, permonth



Note1: Commission will be paid separately for New Loans and Take overs at the applicable rates on monthly intervals.Note2: Commission is payable for only loans of Rs. 10 lakh and above.Commission Payment Structure –(a)1st Disbursement-90% of commission amount+ Applicable Taxes(b)24 months from the date of 1st disbursement or at the time of final disbursement, whichever is later, including for takeovers.- 10% of commission amount+ Applicable Taxes(c) In case if the loan sourced by the outsourced entities is shifted to our competitors within two years from the date of sanction.- Entire commission paid to the outsourced entity for the particular loan should be recovered by the Bank.Revised RBI guidelines with effect from 23.04.2015[Priority Sector Advances (staff loans excluded)]:

Purpose of Direct Home Loan

Location Maximum loanAmount

Purchase/construction of a dwellingunit per family

Metro centres with population above10 lacs

Rs. 28 lacs withproject cost notexceeding Rs. 35lacs

Purchase/construction of a dwellingunit per family

Other Centres Rs. 20 lacs withproject cost not exceeding Rs. 28 lacs

Repairs to damaged dwelling units per family

Metrpolitan areas

Rs. 5 lacs

Repairs to damaged dwelling units per family

Others Centres Rs. 2 lacs

>>Change in Name- The RE,H&HD Vertical has been renamed as Real Estate and Housing Business Unit (REHBU) w.e.f. 19.09.2015>> Project Tatkal- Pertains to streamline the end to end delivery of our Home Loan product, a comprehensive set of changes in the extant marketing and delivery structure of our Home Loan product.>>CREDIT RISK GUARANTEE FUND TRUST FOR LOW INCOME HOUSING (CRGFTLIH) IN URBAN AREAS- Set-up by the Government of India and the National Housing Bank (NHB) has been nominated to manage the operations of the Trust. Under CRGFTLIH, default guarantee cover will be available to the Bank for eligible Home Loans upto Rs. 5 lacs granted to the borrowers in the EWS/LIG categories in Urban Areas

NRI HOME LOANSIndividual (s) over 18 years of age with a steady source of income who:i. are NRI holding Indian Passportii. are PIO holding a foreign passport.And:i. Total work experience of 2 years in India or Abroadii. Job contract of min 2 years abroad, after completion of 6 months in the employment,iii. Indian citizens working abroad on assignments with foreign Governments/ govt agencies or International/ Regional Agencies like the UNO, IMF, World Bank, working with Merchant Navy etc., Officials of the Central and State Governments and Public Sector Undertakings deputed abroad on Temporary assignments or posted to their offices (including Indian Diplomatic Missions) abroad.Loan Amount: Minimum Rs. 3.00 lacs, Max- max permissible as per EMI/NMI and LTV. For repairs/renovation maximum loan amount should be normally limited to Rs.10 lacs.>>Clubbing of income permitted as per Home Loan Norms.



Repayment- maximum period of 30 years subject that the loan should be liquidated by the age of 60 years or by the age of retirement, whichever occurs earlier. The AGM (Region)/ (Branch) may permit the repayment of loan up to the age of 70 years.

SBI REALTY(Cir no-1105/2016 - 17Circular No. : NBG/RE,H&HD-HL/40/2016 – 17 Wednesday,November 23,2016.)Purpose: Purchase of a residential plot located within the municipal/corporation area of Urban/Metro centres with population of 1 lac and above for construction of a house.Purchase of Plots located outside municipal/corporation area will be permitted only in cases where the plots are allotted/developed by Government Bodies/ Development Authorities such as DDA, HUDA, BDA, LDA, etc.However, GM (Network) will be empowered to approve sanction of loans under SBI Realty Scheme in the towns with less than 1lac population and also in the projects located outside the Municipal/ Corporation Area of the City, provided;(i) Marketability of the plot to be financed has been assessed in case of stress in the account,(ii) In respect of layouts developed by the builders, the project is approved by the competent authority under Builder Tie Up Arrangement and the due diligenceon the developer and the project has been carried out.Type of Loan: Term LoamEligibility: as per Home Loan SchemeMinimum Loan Amount-Rs 5.00 lacsMaximum Loan Amount –Rs 15.00 Cr EMI/ NMI:NAI (in Rs lakhs) Max EMI/NMI>Rs. 3 lacs & <= Rs. 5 lacs 40%> Rs. 5 lacs & <= Rs. 8 lacs 50%> Rs. 8 lacs & <= Rs. 10 lacs

55%

> Rs. 10 lacs 60%There will be no discretion vested with the Circle Authorities for approval of relaxation in EMI/NMI ratio. Maximum period for construction of house: 5 years from the date of first disbursement of the loan. Borrower will be required to submit completion certificate of the house within the stipulated period of 5 years. An undertaking to this effect will be obtained.Penalty in case of delay in construction :Interest rate in the account will be automatically reset at the rate of 2.60% above one year MCLR after 5 years from the date of first disbursement. For loans above Rs 50 lakhs i) prior administrativeclearance will not be required ii) The loan eligibility will continue to be arrived at on the basis of lower of the value mentioned in the ‘Agreement to Sale’ or ‘Market Value’ based on current Valuation Report not more than 3 months old iii) two title search reports to be obtained – one before loan sanction another before

disbursement from two different empanelled lawyers iii) CIBIL Credit Information Report on the borrower to be obtained twice - one during loan sanction process and another before disbursement of loan Max Repayment – 120 Months, no moratorium.LTV- Loan Amount LTVUpto Rs.75 Lac 70%Above Rs.75 Lac 60%

SBI MAXGAINFacility – HL as Overdraft facility (with INB, Cheque book)Eligibility- As applicable to Home Loans. Additional- Should have SB/CA (Existing or prospective) with minimum balance of Rs 5000/-This stipulation not applicable to Salary Accounts.Businessmen whose loan eligibility is assessed on the basis of firm’s turn over (loan to businessmen) are not eligible.Min loan -20 lakh; Max- No upper limitINB/ Cheque Book Facility- INB and Cheque Book after full disbursement, However, ATM cum Debit card will not be issued in Maxgain account. Conversion of Existing Home Loan (TL) to Maxgain A/c- Permissible to all home loan borrower except staff IHLS borrowers, subject to:(a) Fully disbursed accounts having outstanding of Rs. 20 lacs and more, (b) IRAC status of the account should be Standard and account should be regular, and (c) Security under Collateral field has already been created and authorized.*Conversion fee of Term Loan to Maxgain facility currently Rs. 2000/ plus applicable service tax

SBI HOME TOP UP LOANPurpose: Any personal purpose such as meeting expenditure on education, marriage, health care, repair/renovation/furnishing of the house, etc. other than speculative purpose. A certificate to this effect will be obtained from the customer in the application itself and no documentary evidence for end use of the fund will be insisted upon.Eligibility - Following two categories of Home Loan customers/borrowers will be eligible for availing Home Top Up Loan: Category 1:All new Home Loan customers, acquiring Ready to move in Properties, simultaneously along with new Home Loans and all existing Home Loan customers having less than 12 months satisfactory repayment track record provided, a. Home Loan limit is more than Rs. 30 lacs, b. Where the Market Value of the property as per the Valuation Report obtained at the time of sanction of Home Loan is minimum 10% more than the ‘Value’ mentioned in ‘Agreement to Sale’ or ‘Sale Agreement’. c. Possession of the property has either already been taken and mortgage on the property has been created or possession of the property and mortgage in favour of



the Bank is expected to be completed before disbursement of Top-up Loan.Category 2:All existing Home Loan customers with a satisfactoryrepayment record of at least one year provided possession of the house has been taken by the customer and valid mortgage has been created in favour of the Bank. Note: - Repayment track record of the borrower in other Bank/HFCs will continue to be considered for Home Top-up loan eligibility in case of Takeover loans.Loan Amount- For Category-1 customers:Home Loan Limit Maximum Top up LoanUpto Rs. 75 lacs 10% of Home Loan LimitAbove Rs. 75 lacs 15%of Home Loan LimitFor Category-2 customers:Minimum Rs. 2 lacs & maximum Rs. 5 crores.EMI/NMI:NAI EMI/NMI> Rs. 3.00 lac <= Rs. 5.00 lakh 55%> Rs. 5.00 lakh <= Rs. 10.00 lakh 60%> Rs. 10.00 lakh 70%NAI < 3.00 Lakhs, Not eligible. Facility- (i) Top-up Loans upto Rs. 20 lacs: only Term Loan facility (No overdraft facility).(ii) Top-up Loans above Rs. 20 lacs and upto Rs. 2crores: both Term Loan and Overdraft with reducing drawing power.(iii) Top-up Loan above Rs. 2 crores and upto Rs. 5crores: only Term Loan facility (No overdraft facility)Tenure- residual tenure of underlying Home Loan or 15 years, whichever is higher, subject to liquidation of the loan before the borrower attans the age of 70 years. However, the borrowers can opt for a lower tenor. No of Loans- At any point of time not more than two loans will be allowed to exist under the proposed scheme. Second loan may be considered only after a gap of one year from the date of disbursement of first loan.Security- Extension of Mortgage (Not mandatory for loan up to 5 lakhs.LTV Ratio:- Upto Rs.75lacs- 80%,Above Rs.75 Lacs- 75%Take Over HL-Home Top-Up Loan can be given in case of Take Over also. If the a/c has run for more than one year in other Bank, it may be sanctioned immediately after creation of valid EM. Processing Fee- 0.35% of loan, min-Rs 2000/-+S.T, max- Rs10,000/-+S.TCharges for obtaining valuation, search report, CERSAI Registration and mortgage creation will be borne by the customer.TRIBAL PLUS (FOR HILLY/ TRIBAL AREAS)Purpose: SBI-Tribal Plus' Home Loan is a Special Scheme designed for Hill/Tribal areas where land records are not proper and restrictions to transfer of property, for extending financial assistance to individuals in such

areas for purchase/ construction of a new/ old house and repair/ renovation of existing house. Age – Min 21 Yrs, max-60 yearsEligibility - Salaried- Min 5 years of service, should provide check offOthers- 5 years in the activity, deposit a/c with us for 2 years with avg balance of Rs 5,000/- OR satisfactorily conducted loan with us for min 2 years, Loan Amount- For Employees – 36 times NMIs, For Others- 2 times average NAIMax loan- 10 lakhsLoan Type-Term loanMax Loan Tenure- 15 Years, loan to be fully repaid by the remaining service period of the borrower (salaried), 65 year (others)Margin- Construction/ Purchase 15%Repair/ Renovation/ Addition 20% Security- Salaried: i. TPG of another employee good for the loan amount, ORii. Group Guarantee of 3-4 employeesiii. Lien on PF of the applicant, wherever possibleiv. Applicant should obtain Life Insurance policy equal to the loan amount assigned to the Bank.v. Liquid Securities not less than 30% of loan amountOthers:i. TPG good for the loan amountii. Applicant should obtain Life Insurance policy equal to the loan amount assigned to the Bank.iii. Liquid Security not less than 50% of the loan amount.The stipulation above may be waived by the Sanctioning Authority if the borrower/ guarantor offer valid mortgage property owned by him at other centre. AGM Region/Branch may reduce it to 15% of the loan amount in respect of tie-ups with govt. Depts, reputed corporate with availability of bulk business potential of not less than Rs.2 cr.

GRAM NIWAS & SAHYOG NIWAS(e- circular no- 31/2017 – 18 dtd April 06,2017)Gram Niwas and Sahayog Niwas Scheme since withdrawn. However, the proposals already sourced under both the schemes and logged in LOS may be permitted to be sanctioned provided the loans are partly/fully disbursed latest by 15th April, 2017.

EARNEST MONEY DEPOSIT SCHEMELoan amount- up to 100% of application money – Max Rs 10 lakhsAge – Min 21 yrs;Facility – Demand LoanProcessing Fee : 0.50% of the loan amount minimum Rs.100/-Repayment – Unsuccessful Applicant-on receipt of refund from the Housing Board/Urban Development Authority. Successful Applicants- Lump sum repayment of the loan, Not more that 12 month from the disbursement date. One Person- One Application.Updated by Sanjay Kr.Sharma, Manager(Trg)


REVERSE MORTGAGE LOANAge of first borrower: Above 60 Yrs; When Loan Jointly with spouse – Minimum Age of spouse above 58 YrsShould not have more than one surviving spouse – Undertaking to not remarry during loan termLoan availed jointly with spouse: Loan Tenor –If age of Younger Borrower is above 58 and up to 68 Yrs-15 YrsLoan Tenor –If age of Younger Borrower above 68 Yrs-10 YrsLoan availed in single name: Loan Tenor –If age of Borrower is above 60 and up to 68 Yrs-15 YrsLoan tenor –If age of Borrower above 68 Yrs-10 YrsResidual Life of property Should be at least 20 years in case of single borrower and 25years in case of spouse being below 60 years of age.Periodicity of availing loan:

Monthly / quarterly payments Lumpsum payment:

Limit under the lumpsum payment upto 50% of the total limit sanctioned. Remaining 50% of the limit to be disbursed through periodic payments.Loan Amount – 90% of value of property (it includes interest till maturity) Min 3 lakhs Max 1 CrLoan may be disbursed in Monthly/ Quarterly Installments or 50% in lump sum and remaining 50% through periodic payments

SBI GREEN HOME LOANGreen buildings are certified by rating agencies, such as the Leadership in Energy and Environmental Design (LEED) rating system developed by the U.S. GreenBuilding Council, Green Globes from Green Building Initiative, LEED INDIA rating, India Green Building Council (IGBC), and TERI-GRIHA from TERI-BCSD India. The rating is generally based on five categories of performance viz. (i) Sustainable Sites,(ii) Energy and Atmosphere, (iii) Water Efficiency, (iv) Indoor Environmental Quality, (v) Materials and Resources.As presently we are the only Bank in the country supporting the cause of Green Buildings, we have got an opportunity to get first mover advantage in this elitebusiness space by appropriate positioning of our offer. For this purpose “SBI Green Home Loan” has been given a distinguishing identity of its own in the form of a new product name, though strictly speaking, there is no major change in the features of the existing Home Loan products except waiver of processing fees.Financing Green Buildings (Energy Savings – 20-30% & Water Savings – 30-50%)Incentives –Waiver of Processing Fee.

CRE HOME LOANIf an individual owns two or more houses, singly or jointly then the exposure for the third house onwards /purchase of plot will be treated as CRE Home Loans. The maximum number of houses /flats/residential plots will be restricted to 3 under CRE Home Loans over and above the two houses / flats permissible under Home Loan Scheme. GM (Network) shall have discretion to

approve deviation in permitting Home Loans under P-Segment to applicants having more than 5 residential units. However, maximum number of Home Loans in the name of an individual, including the existing loans and the proposed one will be restricted to 5 (five) Home Loans (excluding closed accounts) under Home Loan Scheme in P-Segment.Loan for extension of the present house will be treated as CRE Home Loan if more than 50% of the monthly installment of the loan is expected to be raised through the rent receivable from the extended portion. Presentstipulation in the Home Loan policy that “while computing maximum eligible loan amount, expected rent accruals from proposed house/flat being let out(net of taxes, cess etc.) may be reckoned subject to maximum amount equivalent to the Net Monthly Income of the borrowers” shall continue to be in force.No OD facility. No interest Concession. CRE exposure to the extent secured by Commercial Real Estate attracts risk weight of 100%.Provision on standard CRE to be made at 1% instead of 0.40% for Home LoansInterest Rate- Same rate applicable as in Home Loan (Term Loan) except for CRE Maxgain Loan account where a premium of 0.45% p.a. over and above the applicable interest rate on similar loan amount under Term Loan.

SBI SURAKSHAfunding 100% of the SBI Life premium through a separate account (a/a). Outstanding under the Suraksha loan will be classified under “Personal Loans” in the P-report

YUVA HOME LOAN SBI Yuva Home Loan Scheme is withdrawn w.e.f. 1st February, 2016.HOME LOAN PAL ( PRE-APPROVED LIMIT )KYC compliance and Assessment of eligible loan amount are completed before finalization of the property deal by the borrower. Borrowers get assured of eligible loan amount and the time to be taken for disbursement. However, The Interest Rate prevailing on the date of sanction of Home Loan will be applicable.PAL will be valid for a period of 3 months.Available at RACPC only.Min loan amt - 10 lakhsSanction of pre-approved Home Loan limit will be advised to the borrowers through a “Pre-approved Loan Arrangement Letter (PLALs)”. Non-refundable processing fee as applicable to the Home Loan will be collected upfront.

PERSONAL LOAN AGAINST PROPERTY (P-LAP) Any personal purpose such as meeting expenditure on education, marriage, healthcare, etc. other than speculative purpose. An undertaking to this effect will be obtained from the customer in the application itself and no documentary evidence for end use of the fund will be insisted upon.Updated by Sanjay Kr.Sharma, Manager(Trg)


SBI LAP will not be permitted for Business Purposes.It is a Term Loan under personal segment.Eligibility: Employees, Professionals and Self-employed Individuals who are IT assesses, Non Resident Indians (NRIs) who own residential property or commercial property in his/her own name or in the name of spouse/ children/parent/sibling.Eligible Property: Non-encumbered, non-agricultural and SARFAESI compliant, (i)Residential house/flat in the name of borrowers/ guarantors.(ii)Commercial properties of the borrowers/guarantors provided they are leased to SBI/ Banks/ PSUs/Govt. Departments/listed profit earning Companies / Companies with ECR of ‘A’ & above, where residual lease period is minimum 5 years.However, loan under this scheme will not be made available on mortgage of an open plot, under construction property and Industrial Property and also on properties located outside the municipal area and in RUSU area i.e. places with population upto 1 lac. No second/pari-passu charge will be extended to other lenders.Security -(i) E/M of the Property (ii) In cases where the commercial properties are rented out on lease,equitable mortgage on the property will be created and assignment of rental receivable will be obtained.Loan Tenor: Minimum: 5 years Maximum: 15 years.Loan Amount:-(i) Minimum Loan Amount: Rs. 10 lacs(ii) Maximum Loan Amount: Rs. 7.50 crores, subject to location of the property(a) At Non-BPR urban centres: 1 crore,(b) Within the Municipal Corporation areas of NCR, Mumbai, Pune,Chennai, Ahmedabad, Bangalore and Hyderabad centres: Rs. 7.50 crores, and(c) At other BPR centres: Rs. 2 crores(iii)At Rural & Semi-urban Area i.e. places with population upto 1 lac: NILLTV Ratio:- Upto Rs. 1 crore- 65%Above Rs. 1 crore & upto Rs. 7.50 crores -60%PAN Card mandatoryValuation Frequency: Every three yearsMaximum Age: should be liquidated before eldest borrower attains the age of 70 years.SBI PRIVILEGE HOME LOAN & SBI SHAURYA HOME LOANIn order to capitalize on the opportunity brought-forth by the implementation of Seventh Pay Commission recommendations for Central Government employees two new Home Loan products (a) SBI Privilege Home Loan and (b) SBI Shaurya Home Loan, offering an innovative Home Loan product tailor made to the requirements of employees with pensionable service, have been launched by the Bank on 1st August,2016. The key features of the schemes are given as under:Particulars Features of SBI Privilege Home Loan

and SBI Shaurya Home LoanEligibility SBI Privilege Home Loan: Employees

of Central / State Governments

(including PSBs, PSUs of Central Government,and other individual(s) with pensionable service.SBI Shaurya Home Loan: Defense Personnel belonging toArmy, Navy and Air force.

Age Minimum: 18 yearsMaximum: 75 years by which time the loan should be fully repaid.

Minimum LoanAmount

Rs. 10 Lacs

Maximum LoanAmount

Rs. 50 Crores.

MaximumpermissibleEMI/NMI ratio

(a) Where age of the eldest salaried borrower is up to 45 years:

Annual Income EMI/NMI Ratio*>Rs. 3L &<= Rs. 5L

55%

>Rs. 5L &<= Rs. 8 L

65%

>Rs. 8L &<= Rs. 10 L

70%

>Rs. 10 Lacs 75%*The EMI/NMI Ratio mentioned above will be applicable forthe full loan term.(b) Where age of the eldest salaried borrower is above 45 years:

Annual Income

EMI/NMI Ratioupto Retirement

EMI / NMIRatio PostRetirement

>Rs. 3L &<= Rs. 5L

55% 50%

>Rs. 5L &<= Rs. 8 L

65%

>Rs. 8L &<= Rs. 10 L

70%

>Rs. 10 Lacs

75%

Income of spouse/ son/daughter, who joins the loan as co-borrower/guarantor will be considered towards estimation of maximum loan eligibility.



Loan Term Minimum: 60 months.Maximum: 360 months or upto the age of 75 years (the age by which the loan should be fully repaid) of the principal borrower ,whichever is early.

Facility Term Loan only.Processing Fee

Full waiver of Processing Fee.

SBI HAMARA GHAR(please refer to e-circular no.1311/2016-17 dated 4.1.2017)Home Loan will be available by way of Term Loan only with fixed interest option of 2 years. Pre-payment penalty @2% plus ST will be levied on the loans foreclosed/Prepaid during the initial fixed tenor of 2 years. Switch-over facility from fixed interest rate to the prevailing floating rate linked to one year MCLR will not be available during initial fixed period of 2 years. Loan Amount : Maximum Loan Amount : Rs.30 lacs

SBI BRIDGE LOAN(please refer to e-circular no.1315/2016-17 dated 4.1.2017)SBI Bridge Loan is a Short Term Loan to meet shortfall in funds for purchase of a new home/flat by mortgaging existing unencumbered property. The applicant for Home Bridge Loan should satisfy each of the below mentioned eligibility criterion: a) Individuals who own an unencumbered fully constructed house/flat and intend to sell the existing home/flat for meeting temporary shortfall in cost for acquiring new home/flat. b) In case of joint ownership of the existing property, all co-owners of the property should also join as co-borrowers for the Bridge Loan. Loan will be given by way of Term Loan (No Overdraft facility). LTV & Permissible Loan Amti) 65%, if Market Value of the existing property is upto Rs.1 Crore.ii) 60%, if Market Value of the existing property is above Rs.1 Crore.iii) 90% of the cost of the proposed home/flat.Loan TenorMaximum 2 years. Interest applied on Bridge Loan during the currency of the loan should be serviced.Loan Amount : Min. Rs. 20 lacs, Max.:Rs.2crores.RepaymentThe Bridge Loan needs to be repaid in full by the borrower any time within the loan tenure of 2 years, in one or more number of instalments. No EMIs will be stipulated.HOME LOANS TO NON-SALARIED SEGMENT DIFFERENTIAL OFFERINGS(please refer to e-circular no.1325/2016-17 dated 5.1.2017)

Home Loans for the purpose of construction/acquisition of residential house/flat, purchase of residential plot, & takeovers to non-salaried class with relaxation in EMI/NMI rate. Eligibility: Professionals/Self-Employed/Businessmen who are over 18 years of age. In case of Firm it should be profit making unit in last 2 years with 3 years existence. Loan Amount : Minimum: Rs.50000/-, Maximum : Rs.50 Crores. Liquid Collateral in the form of Term Deposits with our Bank or NSCs/KVPs in own name/in the name of parents/spouse/children/siblings. RepaymentMaximum of 30 years. Interest applied during the moratorium period should be serviced.

INSTA HOME TOP-UP LOAN(please refer to e-circular no.1310/2016-17 dated 4.1.2017) PURPOSEInsta Home Top-Up loan , an online product offered through Internet Banking facility Any personal Loan other than speculative purpose. Acceptance of Terms and Conditions validated using a One Time Password (OTP)" ELIGIBILITY :Existing Home Loan borrower who fulfill following conditions 1. Minimum Home Loan Limit of Rs. 20 lacs with INB facility.2. Minimum residual maturity of Home Loan of 5 Years 3. Satisfactory repayment record of at least 3 years 4. CIBIL Score of 700 or higher VALIDITY OF OFFER:The offer made to pre-selected customers would be valid for a period of 30 days from the date of activation of the offer on our Internet Banking (INB) website. A fresh list of eligible customers will be prepared by our IT/Analytics department on the last day of every month and suitable message conveying fresh offers will be shown to them on our INB website. The offer message will not be shown to the ineligible customers. Loan Amount5% of the Home Loan Limit. Minimum : Rs. 1,00,000/- Maximum:Rs.5,00,000/- RATE OF INTEREST:1% above MCLRSECURITY:Without extension of mortgage of the property

PRADHAN MANTRI AWAS YOJANACREDIT LINKED SUBSIDY SCHEME (CLSS)

Government of India under the aegis of the Ministry of Housing and Urban PovertyAlleviation (MoHUPA) has launched ‘Credit Linked subsidy Scheme (CLSS)’ forUrban Areas under the ambit of Pradhan Mantri Awas Yojana. The CLSS has been implemented in all 4041 statutory towns as per 2011 census and will remain in forceupto 31st March, 2022.Updated by Sanjay Kr.Sharma, Manager(Trg)


Scheme CLSS forEWS/LIG

CLSS (MIG-I)

CLSS (MIG-II)

MaximumHouseholdIncome perannum

Upto Rs. 3 lacsfor EWS &Upto Rs. 6 lacsfor LIG

Above Rs. 6lacs & uptoRs. 12 lacs

Above Rs. 12lacs & uptoRs. 18 lacs

Maximumcarpet Area ofhouse

30 sq. mts. forEWS &60 sq. mts. forLIG.(A bigger carpet area may bepermitted in case of construction/acquisition of new house/flat)

90 sq. mts.(No relaxationpermitted

110 sq. mts.(No relaxationPermitted

Ownership ofthe property

Women must besole/co-owner inthe property(except in case ofconstruction ofhouse on existingplot)

No such clause(Property may be owned byany adult member of thefamily, irrespective of thegender)

Familydefinition

Family comprising ofhusband, wifeand unmarriedchildren.The beneficiaryfamily should notown a puccahouse either inhis/her name orin the name ofany member ofhis/her

Family comprising ofhusband, wife and unmarriedchildren.Adult earning member(irrespective of marital status)may be treated as a separatehousehold provided he/shedo not own a pucca house inhis/her name in any part ofIndia.Maximumloan

family inany part of India.

Maximumloan amounteligible forsubsidy

Upto Rs. 6 lacs

Upto Rs. 9lacs

Upto Rs. 12Lacs

SubsidyPercentage

6.50% 4% 3%

Maximumtenor of loanon whichsubsidy will becalculated

20 yrs 20 yrs 20 yrs

MaximumSubsidyAmountPayable

Rs. 2.68 lacs Rs. 2.35 lacs

Rs. 2.30 lacs

Processing Fee

Waived Waived Waived

Validity ofScheme onLoansanctionedbetween

01.01.2017 to31.03.2022

01.01.2017 to31.12.2017

01.01.2017 to31.12.2017

Credit Risk Guarantee Fund Trust for Low IncomeHousing in Urban Areas (CRGFTLIH)

Set-up by the Government of India and the National Housing Bank (NHB).Coverage:Home Loans upto Rs. 5.00 lacs for construction or purchase of new or old dwelling units and extension of existing dwelling units to the borrowers in the EWS (Annual income upto Rs. 1,00,000/-) or LIG (Annual income between Rs. 1,00,001/- to Rs. 2,00,000/-) categories in Urban Areas.Maximum Tenor of the Home Loans eligible for cover under CRGFTLIH will be 25 years.The Guarantee fee of 1% plus G.S.T will be equally shared by the Bank and borrowers.Lock-in-Period: 24 months after the last disbursement/ 24 months from the date of the guarantee cover coming into force/ 2 months after the completion of the house, whichever is later.Invocation of Guarantee: In case the loan is classified as NPA before the lock-in period expires, within one year of the expiry of the lock-in period/In case the loan is classified as NPA after the lock-in period expires, within one year of the loan being classified as NPA andHome Loan has been recalled and the recovery proceedings have been initiated under due process of law including actions under section 13 (4) of SARFAESI Act.Settlement of Guarantee: The Trust will pay 75% of the guaranteed amount on submission of the claim by the Updated by Sanjay Kr.Sharma, Manager(Trg)


Bank, within 60 days of applying for the settlement of claim, subject to claim being otherwise found in order and complete in all respects.The balance 25% of the guaranteed amount will be paid on conclusion of recovery proceedings by the lending Institutions.

SBI CORPORATE HOME LOANS(Home Loans to Companies)

Segment :-SME/C&IPurpose (i) To provide Home Loans to Corporate Entities (Both Public & Pvt. Ltd. Companies) for construction /acquisition of Residential Units in the name of the Company for use by their Directors/Promoters and Employees, and(ii) For Take-over of Home Loans in the name of theCompany from other Banks/HFCs, subject tocompliance to our extant norms for Take-over ofHome Loans. However, loans for only acquisition of residential plots will not be permitted under the proposed SchemeEligibility :Corporate Entities Should be in the line of business & have earned uninterrupted Net Profit for at least 3 years.ECR of BBB and better for units having total exposure of Rs.10 crores and above,CRA of SB-8 & better in respect of both existing SME/C&I customers and new customers. CRA will be arrived at based on the latest audited Balance Sheet.Loan Amount Minimum: Rs. 1 crore, Maximum: No Cap.LTV Ratio Maximum 75%, Nature of facility :Term LoanLoan Tenor-15 years (Maximum) including moratorium period.

CAR LOAN(e-cir no-1158/2018 – 19 dtd 22.11.2018)

Purpose-For purchase of new:> Passenger cars, Multi Utility Vehicles (MUVs) and Sports Utility Vehicles(SUVs).Type of Loan- TL/OD Age – 21-65 Yrs (For Sanction of Loan); Loan must be fully repaid before the age of 70 YrsMinimum Income: Salaried : NAI-2.50 Lakhs per annum. Self-employed, Professionals, Proprietary/Partnership firms and Businessmen: Net Profit or Gross Taxable income of Rs. 3,00,000/- p.a. as per ITRs after adding back depreciation.Agriculturist: NAI of applicant and/or co applicant together to be Rs. 4,00,000/-.to be arrived at based on the nature of the activity, land holding, cropping pattern, yield etc.Income of co-Applicant, if any, can be clubbed to arrive at the income criteria. The person whose income is included will join as a co-borrower. The maximum number of applicants should be restricted to two.

Computation of Net Income: Salaried: Gross Salary net of all statutory deduction. (No other deduction to taken into account) NAI= NMIX12Self employed, Professionals, Proprietary / Partnership firms and Businessmen: Net Profit or Gross taxable income of Rs 3,00,000/ as per ITR after adding back depreciation.EMI/NMI: Upto Rs.10 Lakhs - 50% ,Above 10 Lakh-70%LTV Ratio: 85% of the On-Road price of the car 90% of the On-Road price of the car in Salary Package/ tie up. On-Road price includes taxes, insurance, accessories and extended warranty total maintenance Package etc.The maximum cost of accessories, extended warranty and total maintenance should not exceed 5% of the ex-showroom cost of the vehicle or Rs. 50,000/ whichever is lower. Maximum Loan Amount – Type Of Customers Max LoanSalaried 48 times NMISelf employed, Professionals, Proprietary / Partnership firms and Businessmen

4 times NAI

Agriculturist 3 time NAIMax Repayment – 7 years, age at the time of liquidation of loan<=70 yrsPenal Interest: For Loan up to 25,000/-- NilFor Loan above 25,000/-: If the irregularity exceeds EMI or Installment amount, for a period of one month , then penal interest would be charged @2% p.a.(over and above the applicable interest rate) on the overdue amount for the period of default. If part installment or part EMI remains overdue, then penal interest should not be levied.Inspection: After initial inspection, waived for standard asset. Post Sanction Inspection-(a) Post disbursement inspection of vehicle must be carried out within 15 days from the date of disbursement in respect of auto loans.(b) If there is default in auto loan, then an inspection will take place.(c) The branch/RACPC will initiate 1st Post Sanction Inspection for Xpress Credit, SBI Saral, Festival and Education loans within a week of the accounts being classified as RG “3”. (eCirc 138 dt 09/05/2014)Credit Report: For Car loan > 5 Lakhs, at least two agencies’ credit report strictly to be obtained. (CIBIL &Experian)Processing Charge :Processing fee will be recovered on the loan amount upfront @ 0.50% of the Loan Amount;maximum Rs. 10000/- + GST. waive up to 31.12.2018.25% of the Processing Fee will be retained if the application is rejected after pre-sanction survey.



Pre payment penalty/Fore Closure Charges: Pre-payment Penalty/ Fore Closure Charges will be levied @ 3% of the pre-payment amount/closure amount plus GST, in case prepayment/ Fore Closure within 3 years from the disbursement of loan. (Waived up to 31.12.2018)Scoring Model:Maximum and minimum scores under the revised Retail Scoring Models are 150 and 50 respectively. The score range of 86 and above are under “Clear Sanction” whereas score range of 85 and below are under “Decline” category. CIBIL Score :-Auto Loans proposals with CIBIL Score of “-1” , “-0” “ 1 to 5” (applicants with no credit history/ less than six (6) months credit history) and below minimum CIBIL cut off score mention for different types of cusotmers, will be turned down in case of category where minimum cut off score has been stipulated.Members of Parliament:- Offered Car Loans at 5 bps below the interest rate applicable under various car loans schemes.Change of EMI on change of rate of interest:- Permitted only once during the currency of the loan if the account is a Standard Asset and the loan outstanding is at least Rs. 5 lakhs and the interest rate reduction is of 1% or more.Withdrawal of sanctioning power:- CirMac may decide to suspend sanctioning powers of car loans in branches with higher NPA in car loans (say 1.50%).Processing Time:- The maximum time schedule for receipt of application and sanction/disbursal of the loan is 2 days.Penalty for Non-Registration /Non-Hypothecation of Vehicle:-If the borrower fails to get the vehicle registered, with hypothecation charge in favour of the Bank, within 120 days from the date of disbursement Or Bank‘s hypothecation charge is vacated before liquidation of the loan, charge of Rs. 2500/- (+GST) per month to be recovered from borrower till Bank‘s hypothecation charge is noted by RTO, after sending due notice to the borrower.Letters from Branch to Dealers- Clause to be added-i. Discounts should be remitted to customer loan a/c, ii. E-mail of photo of vehicle with borrower iii. Vehicle should not be registered outstation without bank’s express written consent.

NRI CAR LOAN FOR NEW VEHICLESEligibility- Principal Borrower- NRI, Guarantor- Resident Indian close relative to the NRI.NRI fulfilling following condition: ▪ Having valid Indian passport ▪ Steady Source of Income ▪ Employed abroad for at least 2 yrs ▪ Holding a valid job contract/work permit ▪Having NRI account with SBI for at least 12 months with minimum average balance of Rs.50,000/- or

new account with USD 5,000/- or equivalent▪ Having NRI account with other Banks for last 24 months with a minimum balance/fixed deposits ofRs.50,000/-(Other Bank Customers) ▪The borrower will open NRI account with SBI for repayment of EMIs(Other Bank Customers)Age – 21- 65 Yrs (for both); Guarantor: Resident Indian who is the guarantor to the loan should be a close relative (as defined in Section 6 of the Companies Act 1956) of the NRI borrowerRepayment- 7 years/ 65 years of age. Minimum Income - Min NMI USD 1000 or Min NAI USD 12000 or equivalentLoan Amount- 18 times of NMI or 1.5 times of NAI of NRI borrower-no ceiling for new vehicles.Other criteria are same as Car Loan Scheme.

SBI LOYALITY CAR LOAN SCHEMEA new Car Loan Scheme for our housing loan borrowers to avail Car Loan at concessional rate of interest and processing fee. The new product will be made applicable to all car loan scheme variants viz Car Loan Scheme, NRI Car Loan Scheme, Used Car Loan Scheme and Certified Pre-owned Car Loan Scheme.Eligibility- Individuals including joint borrowers who have i) Availed the housing loan from SBI, ii) Satisfactorily serviced the loan for at least one year after the moratorium period, iii) Taken the possession of the house iv) Created valid equitable mortgage and v) Maintained security margin of at least 15% for purchase/construction of plot/house. vi) Completed all terms and conditions regarding sanction of housing loan. Permissible Loan Amount- 75% MV of house property less present outstanding of HTL and Home Equity. Security- Hypo of vehicle and extension of EM. Ext of EM is not required for Car Loans up to 10.00 lakhs. Margin- Nil, 100% finance is possible. Income Criteria- Min NAI Rs 2.00 Lakhs. Repayment- 7 yearsNo take over.

ASSURED CAR LOANEligibility: Existing Customer with unencumbered Fixed Deposits, TDRs in joint names with only two persons will be accepted,Third party TDRs will not be accepted.Age: Minimum age of the borrower – 18 yrsMaximum Age:No stipulation regarding UpperAge Limit i.e. available for all age groupsMinimum Income: Not stipulated Income declared by applicant will be acceptedLoan Limit Min : Rs 2 lacs, Max : No LimitEligible Amount: 100% of FD for ‘On-Road- Price’ of vehicleType of Facility :Term LoanEMI/NMI Ratio & Risk Scoring Model: Not applicable.Processing Fees: NIL.Updated by Sanjay Kr.Sharma, Manager(Trg)


Repayment : 3-7 Years, as per customer’s choice.Applicants with CIBIL scores less than 600 and those in” -1, 0, 1 to 5 “categories will also be eligible.

CERTIFIED PRE OWNED CAR LOAN (Modified Scheme)Term Loans for purchase of Certified Pre-Owned cars Age of the vehicle: Not more than eight years old .Tenure: 8 years minus the age of the vehicle at the time of applying for loan subject to a maximum tenure of 5 years Maximum Number of ownership: The ownership vehicle which is put up for sale under certified pre owned should not have changed more than 2 times. Income- As per original car loan scheme.Loan Amount- Min-Rs 3 lakh, Max- Rs 10 Lakh. Max- 30 Times NMI/ 2.5 times of NAI.NMI should be at least 2 times of EMI.Valuation: Invoice of the dealers or the IDV as per the motor insurance policy whichever is less. Margin-20%Repayment-8 years minus the age of the vehicle at the time of applying for loan subject to a maximum tenure of 5 years Takeover : Not to be considered

SBI CAR LOAN LITE( Refer e -circualr no-859/2017-18 dtd 26.10.2017.)For ‘No Income Proof’ category of customers comprising Businessmen, Professionals & Self-employed and Agriculturists. The income declared by the applicant will be accepted as income of the borrower. (a) Maximum loan amount: Rs 4.00 lacs. (b) LTV Ratio:- 75% of On-road Price (Including Taxes & Insurance)(c) New Risk Scoring Model will be applicable. (d) In cases of No hit in CIBIL or poor score including 0, -1, 1 to 5, report from other CICs will be considered, provided it scores 650 or above.(e) Tenor:- Maximum 5 years.(f) No Prepayment penalty.(g) Score Range from 55 & above : Clear Sanction(h) Pre-sanction Survey of Residence and Work place will be conducted by Bank Official. The services of verification agencies will not be utilized for the purpose. MODIFIED SBI TWO WHEELER SCHEME ( Refer e -circualr no- 830/2016 – 17dtd September 27,2016.)Loans will be sanctioned to existing customers under the following categories.i.Permanent employees of State/ Central Govt,PSUs, Corporations, and Listed Pvt Sector companies maintaining salary accounts.ii. Professionals/ self-employed & other IT assesses maintaining SB/CA/Time Deposit with satisfactory conduct for minimum 1 year.

iii.Persons engaged in Agriculture with SB/CA/Time Deposit maintaining satisfactory conduct for minimum 1 year.iv. Existing borrower customers with satisfactory repayment history may be considered selectively. Loans will be sanctioned at home branches only.Minimum Income: NMI:Rs. 12,500/-,NAI: Rs 1,50,000/-EMI/NMI Ratio: Upto50%.Loan Amount Min Rs. 30,000/-, Max : <Rs 3.00 lacs.Margin 25% of On-road priceProcessing Fees 1.50 % + Applicable Serv. TaxMax Repayment – 36 Months

HIGH VALUE SUPER BIKE LOANTerm Loan will be sanctioned by the Bank for purchase of super bikes :-Age:- 21-65 years.Min NAI- Same as Car LoanMin Loan- Rs 2.5 LakhsEMI/NMI- Up to 10.00 L NAI-50% > 10.00Lakhs NAI- 60%Margin -15% of ex-showroom cost of the vehicle.Repayment- 5 YearsSUPER LUXURY IMPORTED CARSHigh Value Cars- Rs.20 lac to Rs. 1.00 CroreSuper Luxury Cars -Above Rs.1.00 CroreMaximum loan Amount-i) 85 % of the Ex-showroom price,with no upper Limit. DGM (BO) will have the discretion to reduce the margin by 5% in deserving cases. The Road Tax, Insurance, Registration fee etc. to be borne by the borrower. Since these vehicles aregenerally made as per customer’s specification, additional accessories will not be funded.

SBI STUDENT LOANTo be sanctioned in the jointly in the name of the Student and his Parent/ GuardianLIMIT : a) Max 20 lakhs (For Studies Abroad)

b) Medical Courses: Upto Rs. 30 lacs, Other courses: Max 10 lakhs, (For Studies in India)

Margin- Nil- Loan Up to 4 lakhs5%- Loan Above 4 lakhs (Studies in India)15%- Loan Above 4 lakhs (Studies Abroad)

SECURITY:- a) Upto Rs. 7.5 lacs Co-obligation of parent(s). No Third-party Guarantee. No Security

b) Above Rs. 7.5 lacs Co-obligation of parent(s) together with

tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.

The documents should be executed by both the student and the parent/guardian as joint-borrower. In case the student is a minor, the documents will be signed by the guardian acting ‘for self’ as well as ‘for and on behalf of the minor’.

Loan Type-Term loan.>Each ward of a parent/guardian may be sanctionedUpdated by Sanjay Kr.Sharma, Manager(Trg)


loans upto Rs. 7.5 lakhs individually without insisting for any security.>This scheme does not prescribe any age limit for the students availing the loan. Wherever, parents/guardians are not there the branches may consider grandparents co-borrower to the loan taking into account their net worth.>Customers who are visually challenged/ persons with disabilities are not barred from availing loans if they fulfill scheme specific criteriaMoratorium – Course Period + 1 Year or 6 months after getting Job, whichever is earlier. Extension of moratorium from 12 months to 24 months may be permitted.Repayment: Repayment of the loan will be in EMI for a period of15 years for all categories.Extension permitted maximum period of 2 years If not able to complete the course within the scheduled time.Student loans above Rs.20 lacs, servicing of interest applied in the loan account during course and moratorium period to be mandatory.0.50% concession in interest rate for girl students 1% concession in interest rate for full tenure of loan if full interest serviced during moratorium. Simple interest to be charged during moratorium period.Penal interest @ 2% to be charged for loans above Rs. 4 lacs for the overdue amount and overdue period.Pan card of the student and the parent/ guardian is a mandatory document for all education loans> As per Reserve Bank of India guidelines, for the purpose of reporting Priority Sector Lending, education loans with outstandings upto Rs. 10 Lacs (for studies in both India and abroad) will only be taken into consideration.>Switchover from one course to another after availing the loan will be permissible in order to facilitate smooth administration of the loan so that the student does not lose an opportunity to get admission in a better course/Institution and to improve his employment prospects thereby.>No processing/ upfront charges may be collected on educational loans.>A joint SB account in the name of student borrowerand co-borrower to be invariably opened at the time of

sanctioning of an education loan.>All those students who approach us for an education loan of above Rs. 4.00 lacs and upto Rs. 20.00 Lacs for studies abroad, will be required to make a deposit ofRs.5000/- >The amount will be maintained in the form of a Bankers Cheque payable to “SBI A/c......(name of the borrower)”>If the applicant avails the loan, the amount of Rs.5000/- will be adjusted against the contribution of margin money by him. If no margin is payable by him,

the amount may be adjusted against the interest payable on the loan.>If the applicant does not avail the loan within a period of 4 months of sanction of the loan, the amount will be appropriated and credited to Commission A/c.>All Branches except Village Branches and SABs are authorized for this scheme.>No application for Educational Loan received should be rejected without the concurrence of the next higher authority.Expenses covered- Purchase of books/ equipments/ instruments/ uniforms/ computer at reasonable cost, if required for course completion and any other expense required to complete the course– like study tours, project work, thesis, etc. considered for loan should be capped at 20% of the full amount of total tuition fee payable by the students who do not get any concessions/ remissions. Cost of a two-wheeler upto Rs. 50,000 can be included in the expenses consideredeligible for finance where the loan amount is secured by a suitable third party guarantee and/or tangible collateral security. Two-wheeler can be necessary in some cases where hostel and college are far apart.@ Modification in moratorium for 2nd Top Up Loan( SBI Student and Scholar)- For Students opting for Higher Studies, without availing 2nd (Top Up) Loan from our Bank due to following reasons:i. Availability of Scholarship for the Higher studies.ii. Concessional /Low fee structure, moratorium period to be extended for the duration of the higher studies also.• The combined repayment to be shifted to one year after the completion of Higher Studies, or 6 months after taking up a job whichever is earlier.Note: In cases where the student is pursuing higher studies by availing Second Loan from some other Bank, there will be no change in the moratorium period. (e-cir 1172 dt 24/01/14)@ Post Sanction Supervision- NODAL OFFICER- To be identified from among the existing officials who are handling the job of education loans in Branches with more than 200 Education Loans. The position of Nodal Officer will also be created at the RACPCs with more than 200 Education Loans. (e-Circ no 1317 dt 04/03/2014)@SBI Student Plus Advantage Card- A product of SBI Card specifically for Education Loan Borrowers. Target Market- Students/ Parent/ Co-borrowers. @Photo publication of defaulters- In respect of educational loans, under no circumstances, the photographs of students will be published.Life Insurance Cover- Effort should be made to cover by life insurance policy, preferably SBI Life, duly assigned to us for Full value of loan+ accr int during moratorium, for full tenure of the loan. ( in case of student being eligible for interest subsidy, life cover for only loan amount)(e-cir 798 dt 17/10/13)Updated by Sanjay Kr.Sharma, Manager(Trg)


>Purchase of Foreign Travel Card ( FTC) by students availing education loans for studies abroad should be made mandatory as part of loan process by default (eCirc 48, 12/04/14)>Opening of account through LOS made mandatory.>“All Indian Citizens who intend to obtain primary medical qualification from any foreign country on or after 15th May, 2013 are not required to obtain Eligibility Certificate from the Medical Council of India.” (eCir 677 dt 08/09/14)INTEREST SUBSIDY SCHEME ON EDUCATION LOAN FOR ECONOMICALLY WEAKER SECTION PROPOSED BY MINISTRY OF HRD, GOVT. OF INDIA>The scheme is known as Central Scheme to provide Interest Subsidy for the period of moratorium on Education Loans taken by students from Economically Weaker Sections (EWS) with annual gross parental/family income up to Rs.4.50 lakhs per annum from the academic year 2009-10.>The scheme could be adopted by all scheduled banks and would be applicable only for studies in recognized Technical/Professional courses in India.>The subsidy is provided for the period of moratorium i.e. course period plus one year or six months after getting job whichever is earlier.>The interest subsidy under the scheme shall be available to the eligible students only once either for the first undergraduate degree course or the post graduate degree/diploma in India or integrated courses (graduate plus postgraduate).>The scheme shall be implemented through Canara Bank, which is the Nodal Bank.Under the above schemes, education loans for eligible students for studies in India up to a maximum limit of Rs.10 lakhs would be eligible for interest subsidy.

SBI SCHOLAR LOANTo be sanctioned jointly in the name of the Student and his Parent/ GuardianSanction & Disbursement: In addition to existing designated campus branches, all MMGS-III and above incumbency branches will also sanction the Scholar Loans, as per the convenience of student/parent. (e-cir 226 dt 12/06/2013)(After completion of the studies and if the student desires, the loan account may be transferred to a branch closer to the place of co-borrower and preferably to the branch which has made KYC verification at the time of availing loan for tracking purposes)Max Loan Amount: List ‘AA’: Up to Rs 40 Lakhs(Inclusive of Admission fee, hostel fee etc., but restricted to the fee & charges demand receipt from the Institute) Without any tangible Collateral.(cir dtd 03/01/2018)List A- Without Coll- 20 Lakhs With Collateral -30 LakhsList ‘B’: Without Coll- 20.00 Lakhs

List C-Without Coll-Up to Rs 7.5 Lakhs, With Coll- Above 7.5 Lakhs and up to Rs. 30 Lakhs, Margin- Upto Rs. 4 Lacs: NILAbove Rs. 4 Lacs & Upto Rs. 7.5 Lacs: 5%Above Rs. 7.5 Lacs: NILMoratorium: Course Period + 1 year> Extension of time for completion of course may be permitted for maximum period of 2years if the studentis not able to complete course within scheduled time.Repayment- Maximum 15 years after commencement of repayment. Repayment starts 1 year after the completion of the course.> An ATM-cum-Debit card and Internet Banking facility will be immediately provided to all the students applying for this loan.

SBI SKILL LOAN SCHEME(Earlier SBI Loan scheme for Vocational Education & Training)SBI Skill Loan Scheme aims at providing a loan facility to individuals who intend to take up skill development courses as per the Skilling Loan Eligibility Criteria.Min Loan- 5000/-, Max Loan- 1,50,000/-Margin/Security/Processing charges: NilREPAYMENT:Loans upto Rs.50,000-Upto 3 years Loans between Rs.50,000 to Rs.1 lakh-Upto 5 years Loans above Rs.1 lakh- Upto 7 years

PADHO PRADESHAs per Prime Minister's 15 Point Programme for the Welfare of Minorities, announced in June 2006, Scheme of Interest Subsidy on Educational Loans for Overseas Studies for Students from Minority Communities has been formulated and implemented. The scheme will promote educational advancement of student from minority communities and provide them better opportunities for higher education abroad and enhance their employability. This is a Central Sector Scheme to provide interest subsidy to the student belonging to the communities declared as minority communities in terms of section 2 (c) of National Commission for Minorities Act, 1992, on the interest payable for the period of moratorium for the Education loans under the Scheme of Interest subsidy on Educational loans for Overseas Studies to pursue approved courses of studies abroad at Masters and Ph.D levels. However, subsidy is available only on loan sanction and disbursed from 2013-14 onwards and limit up to Rs 20 Lakhs for candidates having family annual income < Rs 6 Lakhs.

SBI GLOBAL ED-VANTAGEIn order to increase our share in education loans for studies abroad category, a new EL Scheme: SBI GLOBAL ED-VANTAGE, for studies abroad with enhanced loan limit has been launched. These loans will be full secured by tangible collateral.Purpose: For pursuing full time regular courses in foreign colleges/universitiesii. Courses Covered: Regular Graduate/Post-Graduate/Doctorate Degree/Diploma/Certificate Updated by Sanjay Kr.Sharma, Manager(Trg)


Courses in any discipline offered by foreign Institutes/Universities in USA, UK, Canada, Australia, Europe, Singapore, Japan, Hong Kong and New Zealand will be covered under the scheme.iii. Loan amount • Minimum Loan Amount: Rs. 20 Lacs• Maximum Loan Amount: Rs. 1.5 Criv. Processing fee Rs. 10,000/- per applicationMargin :20% Margin has to be brought in at the time of each disbursementSecurity: Tangible collateral securitySecurity margins applicable: Value of security to be taken should be equivalent to loan limit plus simple interest to be accrued on the loan amount for 5 years.Moratorium Period: Upto 6 months after completion of the courseRepayment Period:• Upto maximum of 15 years• Repayment starts 6 months after the completion of the course

VIDYA LAKSHMI PORTAL (VLP)Launched by Hon’ble Prime Minister on 15th August 2015.Ministry of HRD along with the Department of Financial Services, Government of India has launched a common portal “Vidya Lakshmi Electronic Platform” for students to apply for education loans and to facilitate tracking and follow-up of the loan during its life cycle. In our Bank, Vidya Lakshmi Electronic Platform (VLP) is linked with OCAS, the online application site for Retail Loans so that the leads fed into Vidya Lakshmi Electronic Platform are transmitted and monitored by bank effectively.The IBA has engaged the services of NSDL e-governance for developing this portal. The NSDL e-Governance has prescribed Rs. 250/- levy on approved /disbursed applications through Vidya Lakshmi Portal, to be debited to the Loan account, as per IBA norms.

SBI SARALMin NMI - Rs 5000/-; Loan- 12 times NMI (Max Rs 10 lakh); Repayment –6-48 MonthsIndividuals other than salaried person not eligibleMin Loan- 10000/- (R & SU) & 24000/- (Metro & Urban) Max Loan- 10 lakhsEMI/NMI Ratio- 50%

XPRESS CREDIT(Modification vide cir no-1296/2016 - 17Circular No. : NBG/PBU/PL-XPRESS/71/2016 - 17Monday,January 02,2017)Purpose: any legitimate purposeEligible Employers: Central and state Government, Quasi‐Government, Central PSUs, Profit making State PSUs, Educational Institutions of National Repute (Institutions covered under SBI Scholar Loan Scheme), Corporates, Employees: Permanent employees with a minimum of 1 year’s length of service Min NMI – Rs 5,000/-Margin-Nil, Security- Nil, TPG- Nil

Type of Loan- TL & ODLoan Amount –T.L- Min-25,000/-O.D-Min-5 Lac, Max-24 times NMI Max 15 lakhs; Max loan to School Teachers-(a) Govt School-24 Times NMI,(b)Govt aided school-12Times Gross salary Rated Corporates:24 times NMIUnrated Corporates:24 times NMIPenal intt:- Penal Interest @2% p.a. would be charged (irrespective of loan amount)over and above the applicable interest rate on the overdue amount for the period of default. If part instalment or part EMI remains overdue then penal interest should not be levied.Processing fee:- 1% of the Loan Amount + applicableGST. A concession of Rs 250 will be provided to the borrower in case he provides all 3 of the followingdocuments:� Aadhar Card� PAN Card� Mobile No>Pre-Sanction:- Not Mandatory (for accounts openedunder DSP/PMSP/ICGSP product codes)> Mandatory requirement of physical verification of the residence and office address of the applicant (PSS) in case of all Xpress Credit Loans has been Waived subject to the following stipulations:a. The Loan is sanctioned under full Check-off category.b. PAN No. & Aadhaar of the customer should be captured in CBS/linked to salary account.c. Customer should have previously availed XpressCredit loan with satisfactory track record.Repayment- Lower of 72 EMIs or Remaining ServiceEMI/NMI Ratio<= 50%Review- Yearly, Renewal- 24 months Provision of 2nd Loan- 1yr after disbursement of 1st loan, max 2 Xpress credit at one time. Prepayment Charges- NilPartial check-off facility now abolished.Rated Corporates: Will include all Corporates having ECR (except C & D) or having Banking relationship with the Bank.Unrated Corporates:-Will include Corporates/ Organizations who neither have ECR nor have any Banking relationship with us.Sanction of loan at Non-Home Branch: Relaxation available to Defence Salary Package applicants to avail Xpress credit loans either from the branch located at or near the place of their posting or Branch where the salary accounts is maintained is extended to Central/State Govt employees also. For other applicants, i.e. employees of corporate, existing instructions of availing Xpress Credit from the branch maintaining salary accounts will continue.Disbursement- Never in cash, only by transfer to account. Intimation to DDO in prescribed format with full details of the loan is must, but not mandatory for DSP and PMSP accounts.



Branches with Xpress Credit loan NPAs of above 2% are debarred from fresh sanctions unless compellingreasons exist which should be approved by the respective CMC.

PERSONAL BANKING ADVANCESNEW LOAN PRODUCT: XPRESS CREDIT – IT EMPLOYEES(Cir. No-669/2016 - 17Circular No. : NBG/PBU/PL-XPRESS/44/2016 - 17Monday,August 22,2016)Parameters DetailsEligibleCriteria

EMPLOYERS:All Employers in IT/ ITeS industry who are member of NASSCOM, the list of which is attached as Annexure to this circular.EMPLOYEES: Employeeswith a minimum of 6 months length of service & should have salary accountswith SBI � Should comply with Bank’s KYC norms Purpose Loans under the scheme are to be sanctioned

Purpose Loans under the scheme are to be sanctioned for any legitimate personal purpose(e.g., expenses for domestic or foreign travel, medical treatment of self or a family member, meeting margins for purchase of assets etc.)

Minimum NetMonthlyIncome

The minimum Net Monthly Income (NMI) of the employee should be Rs.25000/-The Branch will ensure to obtain an Undertaking from the borrower that there is no other deduction from his/her salary which is not reflected in the salary slip as applicable in Xpress Credit Loan Scheme.

Security& Margin

Nil

Foreclosure/PrepaymentCharges

3% on prepaid amount. No prepayment/ foreclosure charges will be applicable if the account is closed from the proceeds of a new loan account opened under the same scheme.

Penal Interest Same as normal x-press credit.Type of Loan Overdraft with fixed repayment

(reducing DP). Limit can be reinstated afterliquidation of earlier outstanding.(No Cheque book facility to be provided)

Loan Amount 18 Months Net Monthly Income of the employee.Minimum Loan Amount : Rs. 50,000/-Maximum Loan amount: Rs.10.00 lacs,

subject to EMI/NMI not exceeding 50%

RepaymentPeriod

Maximum 36 months if Applicant has CIBIL Score ≥ 800 OR Applicant offers third party guarantee from a person working in the same company orSpouse Otherwise 12 months.

Review Review of loan to be done if 3 months instalments are overdue

Second loan 2nd loan can only be taken after liquidation of First loan.

XPRESS POWERThe scheme is now available PAN India on the lines of XpressCredit Scheme.The loan under the scheme shall be given to the applicants maintaining salary accounts with all other banks except Co-operative Banks.Loan Type :-Term Loan/OverdraftEligible Employer:-i. Central and State Governmentii. Quasi Governmentiii. Central PSUsiv. Profit making State PSUsv. Educational Institutions of National Repute (Institutions covered under SBI Scholar Loan Scheme)vi. Select Rated Corporates (ECR of BBB- & above)Eligible Employee: Permanent employee with one year confirmed serviceGross Monthly Income:-Minimum Rs 50000/- Loan Amount 24 times NMIMinimum: Overdraft: Rs 5 lacs, Term Loan: Rs 25,000Maximum : Rs 15 lacsRepayment Period:- Maximum 60 monthsRate of Interest: For Male Applicants: 25 bps above ROI applicable for Xpress Credit.For Female Applicants: 10 bps above ROI applicablefor Xpress Credit.Pre- Sanction Survey Mandatory

XPRESS ELITE: PERSONAL LOANS FOR SENIOR OFFICIALS OF CENTRAL/STATE GOVERNEMNT, DEFENCE ESTABLISHMENTS, PSUs & QUASI (Cir.no- 946/2016 – 17 Circular No. : NBG/PBU/PL-PERLOANS/54/2016 – 17 Thursday,October 20,2016)Parameters DetailsEligible Criteria EMPLOYERS

Senior Officials working with Central/ State Governments/ Defence establishments,Quasi Government Bodies, PSUs.EMPLOYEES:-Should comply with Bank’s KYC norms(There is no compulsory requirement of him/ her maintaining salary account with the Bank)



MinimumNet MonthlyIncome

The minimum Gross Monthly Income (GMI) of the employee should beRs.1,00,000.

Security/Margin/Processing fee

Nil

Type of Loan Overdraft (Reducing DP) [with cheque book facility]

Loan Amount 24 Months Net Monthly Income of the employee.Minimum Loan Amount : Rs. 3,00,000Maximum Loan amount: Rs. 20,00,000subject to EMI/NMI not exceeding 60%

Repayment Maximum 60 months or residual service period whichever is less.

Review Review of loan to be done if 2 months’ instalments are overdue

Provisionfor Top upLoan

Top up loan can be sanctioned after 1 year of disbursement of the 1st Loan,provided the 1st Loan is being satisfactorily conducted and is regular at the time of sanction of Top up Loan. There cannot be more than 2 Xpress EliteLoans standing in the name of a borrower. However this is subject to the overall EMI/ NMI Ratio of 60%.

Customer with CIBIL TU Score of less than 600 will not be sanctioned loan under this scheme irrespective of their Application Score.

XPRESS CREDIT-NON-PERMANENT EMPLOYEESGOVERNMENT BODIES (e-circular no-1433/2016 – 17 dated-01Feb2017)

Applicable only in Urban & Metro Branches of the Bank.

Personal Loans to non-permanent employees working in the Organizations/Institutions

Loan Type: Demand LoanELIGIBLE EMPLOYEECasual, Part Time and Contractual employees i.e., non-permanent employees• Minimum Net Monthly Income : Rs.10,000/-• The salary account should have been with our Bank for the last one year.• Should be working continuously in the Organisation /Institution for the last 3 years.• Salary is credited in the account by the employer i.e., no cash payment of salary.• For contractual employee, the minimum remaining period of contact should be 12 months from the month of Repayment Start Date.

Loan Amount 12 times the average of last 6 months’ salary credit in the account but not more than last month’s salary credit in the account subject toEMI/NMI : not exceeding 40%.Minimum: Rs.50,000/-Maximum:(a) For NMI Income below Rs.50,000/- : Rs.2.00 lacs(b) For NMI Income of Rs.50,000/- and above : Rs.5.00 lacs.Repayment Period: Non-Permanent Employees other than Employees on Contract basis :Maximum 36 months.For Contractual employees: 36 months or the remaining period of expiry of Contact, whichever is lower. However, Contractual employee should have minimum 12 months service left for expiry of the contractProcessing Fee : 1.00 % + ST of the loan amount. Minimum: Rs.500/-+STSecurity: Third Party Guarantee worth the amount of loan

XPRESS CREDIT SCHEME-SBI INSTA CREDIT(e-circular no- 1126/2017 – 18 dtd 26/12/17)

SBI Insta Credit” to be offered to pre-selected Xpress Credit Loan customers on Internet Banking (INB) PlatformEligibility:- Existing Xpress Credit Loan Borrowers who fulfill the following conditions will be offered “SBI Insta Credit TopUp Loan”> Minimum existing Xpress Credit Loan Limit of Rs 1 lac> Minimum residual maturity of Xpress Credit Loan 1 year>Satisfactory repayment record of at least 1 year>The customer should not have an existing Top up Loan>No instance of the Xpress Credit Loan slipping toRG3 and beyond in last 1 year>Repayment of Loan will be only through SI.Validity of Offer:>The offer will be made to preselectedcustomers onour INB Platform which will be valid for a period of 3months from the date of activation of the offer. A fresh list of eligible customers will be extracted at the end of each quarter and a suitable message conveying new offers will be shown on the INBPlatform.>The offer message will not be shown to the ineligibleCustomersLoan Amount :-20% of Xpress Credit Limit (Existing Loan Limit) Minimum: Rs 20,000 ,Maximum: Rs 3,00,000Facility:-Overdraft (with Reducing DP)Loan tenure: Residual Maturity Loan Tenure 12 months – 35 months 1 year (12 months) 36 months – 48 months 3 years (36 months)>At any point of time, only 1 “Insta Credit Topup Loan” will be allowed.2nd loan after one year of 1st loan and closure of 1st loan.Repayment period:-3 years by automatic setting up of S.I

RISK MITIGATED PRODUCT (RMP) XPRESS CREDITUpdated by Sanjay Kr.Sharma, Manager(Trg)


RISK MITIGATED PRODUCT (RMP) XPRESS CREDIT is a variant of the existing Xpress Credit loan product. This product is exclusively for identified high risk categories of employees where there is a clear and discernible past trend of delays in salary payments. Under the captioned scheme, Debt Reserve Current Account (DRC)equivalent to 3 EMIs will be created and this fund will be utilized every time the loan account becomes RG3. Interest is charged on the daily net balance i.e. loan outstanding – DRC balance. Regional Manager/Controller will be the approving authority to identify the target group to whom this product has to be offered based on past experience and it should be uniform for the entire region.

YONO PLATFORM (Circular no-1249/2018 – 19 dtd: 13 Dec 2018)

Xpress Credit upto Rs. 5 Lakhs, Pension loans upto Rs. 2.5 lakhs will be offered as Pre-approved Loans in addition to existing PAPL upto Rs.2 lakhs and Xpress Credit Insta top-up upto Rs.3 lakhs.

FESTIVAL LOAN SCHEMEEmployees with min. 2 yrs service; Self employed with min. 3 yrs standing. NMI of Rs 3000 & aboveMin loan- Rs.5000; Max - Rs.50,000 subject to 4 times the NMI. Loan up to Rs.1 lakh to individuals who are either employees and provide check offfacility or are well established self employedwhose dealings with us is satisfactory.Type of loan: DLRepayment: 12 EMIsSecurity: Primary: Nil; Collateral: Personal guarantee of spouse or 3rd party of adequate worth where check off is not there.LOAN AGAINST MORTGAGE OF IMMOVABLE PROPRERTYCriteria GuidelinesEligibility IT assessee individual owning a property

in his own name or third party (may be a firm of pvt ltd co), NRI customer also eligible

Max Age 60 yearsIncome Min NMI- 25000/-

Min NAI- 3.00 LakhsMargin 40 % of market Value of Property [As per

Bank's approved valuer's report not more than 3 months old.]

Facility Term Loan. No OD.Loan Amount

a)Max: Rs 2.00 CrFor Tier I and Tier II Cities b) Max : Rs 1.00 CrRest of India.c) Max Rs: 50 lakhs for Bhubaneswar, North East and Bengal Circles (excluding those cities which are covered under Tier I and II cities)

Processing 1.01% of the loan amount.

Fee Max of Rs 50933/- (inclusive of service tax)

EMI/NMI Not to exceed 50%Valuation Frequency

To be done every 3 years

Repayment Period

With check off: maximum of 120 months [or date of retirement, whichever is earlier]Without out check off: 72 months. Where check off is not available, ECS/PDCs should be obtained. (Sanctioning Authority may permit longer repayment period up to 84Months)

Other Conditions

Property should be SARFAESI compliant.Not to be sold in States where SARFAESI not applicable. CERSAI Verification of the property to be done.Property should be within a radius of 25 KM from the Branch.No 2nd/ Pari Passu charge allowed.I-Probe of customer mandatory.Take over allowed.Prepayment Charge- 2%

E Cir no 1283/2013 – 14 dt 22/02/2014SBI GOLD LOAN

Age – Min 21 Yrs; Proper Introduction & Capacity to service the InterestRepayment (DL) –Maximum 36 months. The repayment of Principal and Interest should commence from the month following the month of disbursement.Min Loan- Rs 20,000/-Max Loan- 20 lakhsMargin- 25% Int Rate- 2.90 % above BR Loan not granted against the security of primary gold, i.e., 24 carats gold bars and biscuitsCan be granted against specially minted gold coins sold by Bank as RBI clarified that it need not be treated as ‘Bullion’. However, RBI has advised the banks that while granting advance against the security of specially minted gold coins sold by them, bank should ensure that the weight of coin(s) does not exceed 50 grams per customer.Processing Fee- 0.50% of the Loan amount + GST or Rs 500 + GST whichever is higher.> Branch Cash Officer/ Award Officer is responsible for genuineness and purity (by use of Touchstone/ Nitric Acid/ Sp. gravity method). Karatometer is also used to assess quality of the gold. >Insurance for gold held as per Gold Retention Limit at branches will be taken on a centralized basis through Mumbai LHO w.e.f. 1st April along with cash as per Cash Retention Limit held at branches as on 31st March, each year based on the data / information provided by Circle.



Insurance cost is presently borne by the Bank and will continue to be absorbed by the Bank.> Now Quarterly verification of Personal Gold loan ornaments quality and number to be done by an official other than Joint custodians at the Personal Gold Loan intensive branches.> Requests for loans should be tactfully denied in case there is even the slightest doubt regarding the ownership of the ornaments.

SBI Personal Liquid Gold LoanFacility:- Overdraft with a provision of Cheque Book (facility Current Account Cheque Book)INB customers having transaction rights availing gold loan under Liquid Gold Loan Scheme should be advised that they can transact in the account through their INB platformReview after every 12 months.Min Loan- Rs 20,000/-Max Loan- 20 lakhs

GOLD LOAN-BULLET REPAYMENTPurpose:-A scheme for non-agricultural end use against collateral security of gold ornaments & jewellery including gold coins (weight of coins not to exceed 50 grams per customer).Eligibility: Individuals who are 21 years of age with steady income.Loan Limit:- Min: Rs 20,000/-Max: Rs 20 lakhsType of Loan:-Demand LoanRepayment Period: Max: 12 monthsRepayment Mode: Bullet Repayment of Interest and Principal at the end of the term. Interest will be charged to the account at monthly rests but will become due for payment along with principal only at the maturityMargin: 35%Rate of Interest: Floating: MCLR (1 Yr) + 21 BPS

BHAGYA REKHADemand Loan to women only against Savings in Recurring Deposit (At least 12 Months Old)Loan - Twice the balance outstanding in the RD account; Min Rs.5,000/- Max Rs.50,000/-RD Term – 36 Months – Min Installment Rs 400/- – Min Loan 10000/-RD Term – 60 Months – Min Installment Rs 200/- Min Loan 5000/-Clean portion of loan to be repaid in 24 or 48 months, rest to be recovered from Maturity Value

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

SBI Loan to pensioners and SBI Loan to Affluent Pensioners have been merged and a new pension loan scheme named SBI Pension Loan has been launched. Min Loan - Rs 25,000Max Loan - 18 Month’s Pension ,with a ceiling of Up to 72 yrs- 14.00 Lakhs, Above 72 and up to 74 yrs- 12.00 Lakhs, Above 74 and up to 76 yrs- 7.50 Lakhs, EMI/NMP-Not to exceed 50%

Max Loan to Family Pensioners- 18 Month’s Pension ,with a ceiling of up to 72 years- 5.00 lakhs, 72 to up to 74 years- 4.50 Lakhs, 74 to up to 76- 2.50 Lakhs, EMI/NMP not to exceed- 33%Repayment- For Both Pensioners & Family PensionersAge at the Time of loan sanction

RepaymentPeriod

Age at the time of full repayment

Up to 72 years 60 months 77 yearsMore than 72 years and up to 74 years

48 months 78 years

More than74 years And up to 76 years

24 months 78 years

ROI- 3.50 % above Base RateProcessing Fee- 0.51%, Min 250/-, Not applicable to SBI Pensioners. Top Up Loan- May be sanctioned to Pensioners and Family Pensioner after 1 year of disbursement of 1st

loan, subject to satisfactory conduct of loan, Max 2 Pension loan permitted at one time subject to overall EMI/NMI of 50% or 33% in respective case.

JAI JAWAN PENSION LOAN(Circular no-198/2016 - 17Circular No. : NBG/PBU/PL-JAI JAWAN/15/2016 -17Wednesday,May 11,2016.)Eligibility- Loan for Pensioners of Armed Forces - Army, Navy and Air Force & Paramilitary Forces - Coast Guards, Rashtriya Rifles, CRPF, BSF, ITBP, etc.Age – There is no minimum age bar under the scheme. The Maximum age at the time of availment of loan should be 76 yearsLoan amount –Minimum Rs.25,000/-A. Maximum of 36 months’ pension with a ceiling of Rs.14.00 lacs for pensioners who are up to 56 Years of age.B. Maximum of 18 months’ pension with a ceiling of(i) Rs.14.00 lacs for pensioners who are above 56 years and up to of 72 years of age(ii) Rs.12.00 lacs for pensioners who are above 72 years and up to 74 years of age(iii) Rs.7.50 lacs for pensioners who are above 74 years and up to 76 years of age.EMI/NMP(net monthly pension) not to exceed 50%.Repayment – Age at the time ofLoan sanction

Repayment Period

Age at the timeof full repayment

Up to 56years

84 months 63 years

More than56 yearsand up to72 years

60 months 77 years

More than72 yearsand up to

48 months 78 years



74 yearsMore than74 yearsand up to76 years

24 months 78 years

Type of Loan:-Term LoanLoan may be sanctioned at Non-Home branch also but non-home branch make aware the Home Branch about sanction of Pension Loan.Fresh Loans can be taken after liquidating the first loan only after 12 months.Security- Primary- Nil, TPG- Spouse eligible for Family Pension, in absence of spouse- other family member or Third party worth the amount. NEW SCHEME - PENSION LOAN TO COAL MINES PROVIDENT FUND (CMPF) PENSIONERS:(Cir. No-1249/2016 - 17Circular No. : NBG/PBU/PL-PENSION/66/2016 – 17 Thursday, December 22,2016)Parameters DescriptionEligibility All CMPF Pensioners (Except Family

and Children Pensioner)whose pension accounts are maintained with the SBI.

Loan Amount Minimum Rs.25,000/-Maximum: 18 months’ Net Monthly Pension (NMP) but not exceeding Rs.3.00 lacs, subject to EMI/NMP not exceeding50%.

Age Maximum Age at the time of Sanction of Loan : 65 Years

Margin NilSecurity Third Party Guarantee of a person

good for the loan amount who has been maintaining a satisfactorily conducted account with the Bank;preferablyspouse/son/daughter of the pensioners.

Facility Demand LoanProcessing Fee

0.50% of the loan amount, Minimum : Rs.500/- + ST

RiskMitigation

The loan processing Branch on receipt of the loan application and copy of the PPO from the Pensioner would request Dhanbad Branch to fax/mail the dulycertified scanned copy of the PPO and copy of the latest Life Certificate held by them to cross check the genuineness of the PPO, to ascertain the age and to avoidany impersonation.[No loan will be sanctioned unless PPO submitted bythe Pensioner is cross checked by the Branch with the certified copy of PPO

received from Dhanbad Branch ]Repayment 60 EMIs

OVERDRAFT FACIITY IN SALARY PACKAGESUSPs of the product is the availability of Overdraft facility in the Salary Package (Savings) account, on the following terms and conditions. a) The salary account holder should be a permanent employee of the Corporate/ Organisation. Have minimal residual service of 6 months b) The Salary account should be KYC compliant. c) the nature of OD will be “Clean OD”, without any collateral. d) Overdraft will be limited to 2 month’s Net Salary e) Overdraft limit will be restricted to maximum limit under Silver, Gold, Diamond and Platinum variant as follows:Variant Maximum LimitSilver Rs.40,000/-Gold Rs.75,000/-Diamond Rs.1,50,000/-Platinum Rs.2,00,000/-f) The overdraft will be allowed only to those Salary Package accounts where salary credits are received for past 6 consecutive monthsg) The overdraft account is to be liquidated from salary credit of subsequent months within a maximum period of six months by way of DP reduction.h) Rate of interest: As advised by the Bank from time to time.i) No processing fee will be recovered.j) Can be converted into a Xpress Credit loan, subject to compliance with the eligibility criteria for Xpress Credit Loan Scheme.

LOAN FOR SUBSCRIPTION TO IPOsFor funding subscription to IPOs of PSUs and Public Limited Companies.Eligibility: New customers with sufficient cash flow evident by last 2 yrs IT Returns & satisfy KYC norms. Old Customers satisfactorily availing loan. Amount of Loan: Min- 50% of application money stipulated in IPO, Max- up to 1.00 lakh per IPO subject to a max of 10.00 lakhs per person. Total exposure to the shares, convertible bonds, convertible debentures and units of equity of oriented mutual funds to individuals from banking system should not exceed the limit of Rs. 20 lakhs.Margin: 50% Security: Lien on shares if allotted Repayment: Within 30 days of allotment.Type of Loan: Demand Loan. Processing Fee- 1st loan-511/-, subsequent loan- 101/-, after 3 loans- Nil.

LOAN AGAINST NSCs/KVPFacility- DL or ODMargin- a) Staff/ Bank Pensioners- 15% of face value plus accrued interest of NSC VIII issue/KVPs.b)Public- 40% of face value plus accrued interest of NSC VIII issue/KVPs.)Repayment - A suitable repayment schedule is to be fixed. At no point of time, the outstanding in loan a/c Updated by Sanjay Kr.Sharma, Manager(Trg)


should exceed the maturity value of the certificates pledged. [Otherwise a/c will be treated as NPA.]Loan Amount:60% of Face value together with accrued interest for public.No ceiling on maximum loan amount provided stipulated margin is maintained. Security: The NSCs/KVPs are required to be transferred by the issuing Post Office as a security in the name of the bank.Discharge of the holder on the reverse of NSCs /KVPs is not considered necessary.Third party loans against NSCs/KVPs may be considered on merits of each case.

EQUITY PLUSThe “Equity Plus” scheme has been devised exclusively for employees of the leading Public Sector Undertakings (PSUs), who desire to avail Bank’s finance for purchasing their company’s shares offered either under ESOP or IPO.@ Check Off facility must@ Undertaking from DDO to obtain NOC from Br before releasing terminal/ superannuating benefitsMax Loan-90% of the purchase price of the shares subject to a maximum of 18 months NMI.Repayment- Max 60 EMIs.Processing Fee- Rs 2040/- per application.

ADVANCE AGAINST RBI RELIEF BONDSType of RBI Relief Bonds:The Government of India has allowed for pledge/ hypothecation/ lien of the bonds issued under the following schemes as collateral:● 7% Savings Bonds 2002● 6.5% Savings Bonds 2003● 8% Savings (Taxable) Bonds 2003Individuals aged over 21 with an assured income including NRI. To meet investor’s credit needs; personal/ business needs & contingencies.Authorised branches:-All branches in Metro and Urban centres are authorised to give loan under the scheme. Any other branch authorised by GM of the network.Margin -Public: 40%, Staff / Bank’s Pensioners: 35% on bonds less than 2 years old and 20% on Bonds which are 2 years old or more. Margin can be reduced to 15% and a term loan account opened if loan is repaid in monthly installments through check-off.No repayment is compulsorily proposed. Non-payment of interest will not attract IRAC norms. However, borrower has the option to repay even prematurely. The loan to be liquidated out of maturity proceeds of bonds. @ Securities must be endorsed/ transferred by the beneficiary to the bank.ADVANCE AGAINST DEMAT UNITS OF OPEN ENDED SCHEMES OF SBI MUTUAL FUNDAll individuals over 18 years of age (except NRIs) Max Age-65 with Min. NMI of Rs.5000 / Min. NAI of 50000.Limit- Min- Rs.25000; Max. Max: (a) Equity/ Hybrid/ ETF MF: Rs 20,00,000/-

(b) Debt/ FMP MF: Rs 5,00,00,000/-Margin: (a) Equity/ Hybrid/ ETF MF: 50%

(b) Debt/ FMP MF: 15%Processing Fee: 1.01% of loan amount.>Loan against Tax Savings Fund to be given only after the lock in period has expired.>67 Branches located in 40 cities are authorized to sanction loans under the SchemeType: Overdraft facility with auto renewal/review every year. The facility of ATM-cum-Debit card, INB & Cheque book can be extended on the Overdraft account.Security- Lien on the units.

ADVANCE AGAINST LIFE INSURANCE POLICYEligibility- In force policy in the name of borrower issued by LIC, SBI Life or Department of Post Office. Excluded- policy under Married Woman Property Act, 1874.Margin- 5% of Surrender value of Policy Type : DL or ODRepayable-Within 3 yrsOther Criteria- a) Policy to be unencumbered & in full force (premium must have been paid up to date). Age of the insured to have been admitted in the policy.b) Assignment in favour of Bank on the policy itself. If assignment is done on a separate paper it attracts ad valorem stamp duty. c) LIC’s acknowledgement to be obtained. OD maybe granted against an endowment policy, anticipated endowment policy; policy issued by the Postal department.d) Advance against Whole Life Policy should be discouraged. . f) Standing Instruction should be obtained for payment of the premium so as to policy may not lapse on account of nonpayment of premium.

LOAN AGAINST THE UNITS SBI DEBT FUND SERIESProduct SDFS Short

DurationSDFS Long Duration

Type of Loan DL/ODAge Min-21, Max-65Income (Min) NMI-5000/-, NAI- 50000/-Max Loan Min-10000/- Max-20.00 lakhs

subject to 10 time NMI/ 1 time NAI.Margin 30% 50%Security Lien on unitsRepayment 12 EMI 36 EMIProcessing fee 0.51%, min Rs 101/-Valuation The security should be marked to

market on a weekly basis i.e., the value determined based on the lower of NAV / repurchase price on any day of the week.

RENT PLUS



It has now been decided to merge Rent Plus Scheme (P-segment) with Loan against Property Scheme (LAP). The Rent Plus Scheme (P-segment) will stand withdrawn with immediate effect.(e-cir no-908/2016 – 17 dtd October 13,2016)LOANS TO EMPLOYEES TO PURCHASE ESOPs OF THEIR OWN COMPANYEligibility- permanent employee with min 2 years service and min 3 years residual service. Loan Amount- Lower of 90% of purchase price or Rs 20 lakhsMargin- 10% of offer priceFacility- Demand LoanRepayment- Within 3 years in EMI. A 12 month moratorium may be given. Security- Lien in Demat a/cProcessing fee- Rs2040/- per application

LOANS AGAINST GOVERNMENT SECURITIESGovt Securities- Government Securities may be in the form of Govt. Promissory Notes or Govt Stock Certificates.Margin- 10% to 15% on the Market Value of the Govt. securities.Facility- TL/ODLoan Amount- Min-1000/-, then in multiple of 100/-

LOANS AGAINST BANK’S TIME DEPOSITSTDR/STDR (including NRE/NRO/FCNB deposits)RD (Accounts with balance of Rs.100/- & above only eligible including NRE/NRO Deposits)No loan will be granted against RFC depositsMargin- 10%Loan Amount- 90% of Principle+accr intSecurity- Lien on the Time Deposit>Multiple Demand Loans against the same TDR/STDR can be permitted so long as the sum total of the limits of all the Demand Loan accounts will be within the permissible limit of the Demand Loan against the TDR/STDR. The sanctioning authority can however allow maximum of four such Demand Loans. In special cases the AGM/RM can permit a fifth loan.>If interest servicing is not done for advances against STDRs for more than 3 months, available cushion i.e. prematurity payment due less outstandings shall be worked out and if it is less than 2%, loan a/c must be closed forthwith by making premature payment of STDR. A simple letter of undertaking as prescribed shall be taken from each borrower for this purpose.Rate of Interest:-The interest charged on the advance against the Bank’s term deposit receipts + where the relative deposits are subsequently withdrawn prematurely, should be adjusted in such a way that the interest charged on the advance works out to 1.00% [or as applicable] over the rate at which interest is actually paid on the deposit.As a general rule, no advance should be granted against the security of Term Deposit Receipts issued by other banks.Updated by Sanjay Kr.Sharma, Manager(Trg)