SBI RETAIL LOAN
· “FESTIVAL BONANZA” LIMITED PERIOD SPECIAL OFFERS ON RETAIL LOANS :-
- HOUSING LOAN RATE OF INTEREST AS FROM 5.05%p.a*
- MORTGAGE LOAN RATE OF INTEREST AS FROM 5.50%p.a*
(ZERO PROCESSING FEES FOR REFINANCING CASES UNDER HOUSING & MORTGAGE LOANS )
- CAR LOAN RATE OF INTEREST AS FROM 5.99%p.a*
- PERSONAL LOAN RATE OF INTEREST AS FROM 7.50%p.a*
*Terms & Conditions apply. This Offer is subject to change without prior notice
APR as from:
· Housing loan:5.16%
· Mortgage loan:5.63%
· Car loan:6.15%
· Personal loan:7.69%
For more details, kindly contact our nearest branch.
- SBI HOME LOAN
SBI Home Loan is a type of housing loan for purchase/ Construction/ Renovation of house /Flat/Additional Construction/Improvement etc. It is also for refinancing of existing Housing Loan from other Financial Institutions.
|
Eligibility |
: |
Individuals Employees of Private & Public Sectors and Self Employed Individuals |
|
Amount |
: |
Maximum up to 100% of Total Project Cost. |
|
Security |
: |
1st Rank Fixed Charge on Land/Building. |
|
Repayment |
: |
Maximum upto 30 years |
- SBI REALTY LOAN - Purchase of Land for Construction of House
|
Eligibility |
: |
Individuals above 18 years of age of private & public sectors & self employed |
|
Amount |
: |
Up to 100% of Total Project cost |
|
Security |
: |
1st Rank fixed charge on land. (House to be constructed within 5 years) |
|
Repayment |
: |
Maximum upto 30 years |
- SBI MORTGAGE LOAN
SBI Mortgage loan is designed for General Purpose.
|
Eligibility |
: |
Individuals Employees of Private & Public Sectors and Self Employed Individuals |
|
Amount |
: |
Minimum - Rs 100,000; Maximum - No Limit. |
|
Security |
: |
Fixed Charge on assets such as land/building |
- SBI GREEN CAR LOAN
To finance New/Recon / Second hand (local) Electric/ Hybrid Car
|
Eligibility |
: |
Individuals Employees of Private & Public Sectors & Self –employed & Salaried Expatriates having valid work / Occupation permit & Residence permit |
|
Amount |
: |
Up to 85 % of Total Cost (Showroom price +VAT + Registration cost + Road Tax). |
|
Security |
: |
Lien/GSD on vehicle. |
|
Repayment |
: |
Minimum: 1 Year ; Maximum: Up to 8 Years. |
- SBI REGULAR CAR LOAN
Purpose: To finance New/Reconditioned & Second hand Car/ Vehicle
|
Eligibility |
: |
Individuals Employees of Private & Public Sectors and Self Employed Individuals & Salaried Expatriates having valid work / Occupation permit & Residence permit |
|
Amount |
: |
Up to 85 % of Total Cost (Showroom price +VAT + Registration cost + Road Tax). |
|
Security |
: |
Lien/GSD on vehicle. |
|
Repayment |
: |
Minimum: 1 Year ; Maximum: Up to 7 Years. |
- SBI CAR PLUS LOAN
Purpose: To finance New/Reconditioned Car/ Vehicle
|
Eligibility |
: |
Individuals Employees of Private & Public Sectors and Self Employed Individuals & Salaried Expatriates having valid work / Occupation permit & Residence permit |
|
Amount |
: |
Up to 100% of Total Cost (Showroom price +VAT + Registration cost + Road Tax). |
|
Security |
Lien/GSD on vehicle. |
|
|
Repayment |
: |
Minimum: 1 Year ; Maximum: Up to 8 Years. |
- SBI EDUCATIONAL LOAN
Designed for financing courses for diploma, under-graduate, post-graduate, courses by approved training institutes,
recognized course providers & Universities locally & abroad. For job -oriented professional /Technical & certification
courses like Teacher Training Course/Nursing Courses offered by reputed institutions.
|
Eligibility |
: |
Student pursuing studies abroad or in Mauritius |
|
Loan Amount |
: |
No limit (Subject to terms & conditions) |
|
Security |
: |
Unsecured loan: Up to Mur 500,000/- |
|
Repayment |
: |
Unsecured loan: Maximum 15 years inclusive of |
|
Moratorium |
: |
Repayment will commence 12 months after completion of |
- SBI PERSONAL LOAN
To finance any personal expenses, other than for speculative purposes at flexible terms.
|
Eligibility |
: |
Confirmed Employees of Government & Para-statal bodies/ TOP 100 companies/ Reputed Multinationals, Salaried Expatriates having valid work / Occupation permit & Residence permit |
|
Amount |
: |
12 Months of Net Monthly income (Minimum – Rs200,000; Maximum up to Rs.1,000,000/-. |
|
Security |
: |
Floating charge/ Loan agreement by borrower/ Irrevocable Salary Pledge or Standing order |
|
Repayment |
: |
Maximum up to 96 Months |
- SMART CREDIT
Smart credit is an overdraft facility to finance any personal expenses, other than for speculative purposes at flexible terms and a card is provided to the customer.
|
Eligibility |
: |
Permanent employees of Govt / parastatal / firms of repute / self employed - with steady source of income. |
|
Amount |
: |
3 months basic salary, maximum Rs 100,000/- |
|
Security |
: |
Pledge of Salary / Insurance / Credit Agreement. For self employed: 1st Rank Fixed Charge on land / building. |
|
Repayment |
: |
12 months |
- ADVANCE AGAINST TERM DEPOSIT
|
Eligibility |
: |
Any customer with a Fixed Deposit either in his name or a third party |
|
Loan Amount |
: |
Up to 90% of Fixed Deposit amount |
|
Security |
: |
Lien on Fixed Deposit |
|
Repayment |
: |
Up to 10 years - Longer period is also considered upon request. |
- SBI EXPRESS LOAN
Special scheme open only to existing housing/realty loan SBI customers including self employed with regular repayment.
|
Eligibility |
: |
Any customer with a Fixed Deposit either in his name or a third party |
|
Loan Amount |
: |
Up to 90% of Fixed Deposit amount |
|
Security |
: |
Lien on Fixed Deposit |
|
Repayment |
: |
Up to 10 years - Longer period is also considered upon request. |
|
Eligibility |
: |
Open on existing Housing Loan customers |
|
Loan Amount |
: |
Permanent Employees: 15 months basic salary; maximum Rs350,000/- |
|
Security |
: |
Permanent Employees: Pledge of Salary/Loan Agreement |
|
Repayment |
: |
Without security: 48 months |
