CAREER LOAN
Do you want to opt for training to acquire skills needed to join Commercial Pilot training courses or Airhostess Training courses in India and abroad, from institutes recognized by the Ministry of Civil Aviation/DGCA, then you can avail SBI Career Loan from our Bank.
We have a loan scheme for this purpose, in the form of Personal Loan secured by Mortgage of Immovable Property/Govt.Securities, Public Sector Bonds,NSCs/KVPs/RBI Relief Bonds/Bank’s TDR/LIC Policies etc.
Name of the Scheme : SBI Career Loan
Eligibility :
You are eligible if you are willing to undertake a course for joining Commercial Pilot training coursesand Airhostess Training courses in India and abroad from institutes recognized by the Ministry of Civil Aviation/DGCA.
Age :
(i) Applicant – Minimum 18 years
(ii) Co-borrower – Maximum 60 years
Quantum of loan :
Maximum of Rs.20.00 lacs
Nature of facility :
Term Loans with the applicant and parent/guardian/spouse as co-borrowers
Repayment :
36 months in Equated Monthly Instalments with maximum moratorium one year after completion of the course for start of repayment. No penal charges would be levied in case of early repayment of loan.
Processing fee : 0.50% of the loan amount
Margin
Type of Security : Land/Building Margin :20%
Type of Security : Govt.Securities/Public Sector Bonds, NSCs, KVPs,Bank’s Deposits, RBI Relief Bonds etc. Margin : 10% on the Face value of the Security.
Type of Security : LIC Policies Margin: 10% margin on Surrender value of LIC Policies
Interest :
Type of Security : Land/Building Rate of Interest :0.25% above SBAR i.e. 13.25% p.a..
Type of Security : Bank’s TDRs/STDRs Rate of Interest : 1.00% above the rate of interest payable on deposits.
Type of Security :Govt.Securities/Public Sector Bonds/NSCs/ KVPs/RBI Relief Bonds,LIC Policy Rate of Interest : SBAR – 13.00% p.a.
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Wednesday, November 19, 2008
SBI - Rent Plus
RENT PLUS
Name of scheme : Rent Plus
Nature of facility :Term Loan
Period of repayment:
7 years or the residual lease period, whichever is lower.
Eligible customer:
Owners of residential buildings and commercial properties in Rural/Semi-urban/Urban/Metro areas which are to be rented or already rented to MNCs/ Banks/ Large & medium size corporate.
Purpose: To meet liquidity mis-match of the applicants.
Quantum of finance
Min. Rs. 50,000.00
Max. Rs. 5 crore for properties located at Non-Metro Centres and Rs. 7.50 crores for properties located at Metro Centres. There will be no differentiation on the basis of constitution of the applicant.
Margin :40%
Repayment: Equated Monthly Installments of 7 years or residual lease period.
Prepayment : 1% of the loan amount prepaid.
Interest :
1.00% above SBAR. i.e.14.00% p.a. for loans upto Rs.7.50 crores in Metro centres and upto Rs.5.00 crores in non-metro centres Floating, In other cases 1.25% above SBAR i.e.14.25% p.a. Floating.
Primary Security :
Assignment of receivables and recording of power attorney with the lessee is a must.
Collateral Security:
i) First charge on buildings against the rentals of which the loan would be sanctioned (value of the property should be double the amount of loan) or any other acceptable property of equal value.
ii) Equitable Mortgage of immovable property by deposit of titledeed.
iii) In case of partnership firm, personal guarantee of the partners of the building. In case of company personal guarantee of directors to be obtained.
Insurance :The amount of insurance should cover the value of assets charged to the Bank.
Applicability :Metro / Urban / Semi-urban/ Rural centers.
Processing charges and cost of valuation
2% of loan amount, subject to a maximum amount of Rs.1,00,000/=, to be paid upfront as processing charges. The charges for valuation of the property are to be borne by the applicant.
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Name of scheme : Rent Plus
Nature of facility :Term Loan
Period of repayment:
7 years or the residual lease period, whichever is lower.
Eligible customer:
Owners of residential buildings and commercial properties in Rural/Semi-urban/Urban/Metro areas which are to be rented or already rented to MNCs/ Banks/ Large & medium size corporate.
Purpose: To meet liquidity mis-match of the applicants.
Quantum of finance
Min. Rs. 50,000.00
Max. Rs. 5 crore for properties located at Non-Metro Centres and Rs. 7.50 crores for properties located at Metro Centres. There will be no differentiation on the basis of constitution of the applicant.
Margin :40%
Repayment: Equated Monthly Installments of 7 years or residual lease period.
Prepayment : 1% of the loan amount prepaid.
Interest :
1.00% above SBAR. i.e.14.00% p.a. for loans upto Rs.7.50 crores in Metro centres and upto Rs.5.00 crores in non-metro centres Floating, In other cases 1.25% above SBAR i.e.14.25% p.a. Floating.
Primary Security :
Assignment of receivables and recording of power attorney with the lessee is a must.
Collateral Security:
i) First charge on buildings against the rentals of which the loan would be sanctioned (value of the property should be double the amount of loan) or any other acceptable property of equal value.
ii) Equitable Mortgage of immovable property by deposit of titledeed.
iii) In case of partnership firm, personal guarantee of the partners of the building. In case of company personal guarantee of directors to be obtained.
Insurance :The amount of insurance should cover the value of assets charged to the Bank.
Applicability :Metro / Urban / Semi-urban/ Rural centers.
Processing charges and cost of valuation
2% of loan amount, subject to a maximum amount of Rs.1,00,000/=, to be paid upfront as processing charges. The charges for valuation of the property are to be borne by the applicant.
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SBI - Credit Khazana
CREDIT KHAZANA :
The "SBI Credit Khazana" Scheme offers Housing Loan customers, concessions in interest rates and margins when they subsequently avail of any of the following loans:
Car Loan, Scoom, Education Loan, Personal Loan, Tractor Loan.
Eligibility:
Housing Loan customers who have serviced the loan regularly for at least one year and where Equitable Mortgage has been created.
Concession in Interest
There will be a concession of 0.25% in interest when any of the above mentioned loans are availed.
Concession in Margin
There will be a concession of 10% in case of Car Loan and 5% in case of Tractor Loan. Under the SCOOM Scheme, the margin has been maintained at 5%.
Security
The security required to be taken under the individual schemes would be taken and additionally, the Equitable Mortgage taken for the Housing Loan would be extended to cover the new loan(s).
Insurance
Free accident insurance cover (to cover death only) is available in case of Car Loan.
Other terms & Conditions:
Other terms & conditions like Amount of Loan, Repayment, Documentation will be the same as those laid down for the individual schemes.
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The "SBI Credit Khazana" Scheme offers Housing Loan customers, concessions in interest rates and margins when they subsequently avail of any of the following loans:
Car Loan, Scoom, Education Loan, Personal Loan, Tractor Loan.
Eligibility:
Housing Loan customers who have serviced the loan regularly for at least one year and where Equitable Mortgage has been created.
Concession in Interest
There will be a concession of 0.25% in interest when any of the above mentioned loans are availed.
Concession in Margin
There will be a concession of 10% in case of Car Loan and 5% in case of Tractor Loan. Under the SCOOM Scheme, the margin has been maintained at 5%.
Security
The security required to be taken under the individual schemes would be taken and additionally, the Equitable Mortgage taken for the Housing Loan would be extended to cover the new loan(s).
Insurance
Free accident insurance cover (to cover death only) is available in case of Car Loan.
Other terms & Conditions:
Other terms & conditions like Amount of Loan, Repayment, Documentation will be the same as those laid down for the individual schemes.
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SBI - Tribal Plus Scheme
TRIBAL-PLUS SCHEME
The scheme is a special Housing finance scheme for Hill/ Tribal areas of North East India and areas around Chandigarh, Bhopal, Lucknow, Patna and Bhubaneswar.
Enjoy the SBI advantage :
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
* Lowest processing charges; only 1% of loan amount - compare with 1-3% of others.
* No hidden costs or administrative charges..
* No security required - which means minimal documentation…something that you had always wanted.
* No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
THE SCHEME:
The Tribal Plus is a special to provide housing finance for Hill/Tribal areas without mortgage of land.
Loans will be granted to individuals to:
* Purchase or construct a new house or flat.
* Purchase an existing house or flat (old) that is not more than 10 years old.
* Repair or extend or renovate an existing house or flat.
Eligibility :
* Individual(s) over 21 years of age (but not more than 60 years) who are permanent employees of Central or State Government or Public Sector undertakings (PSU) or reputed private sector units and have put in a minimum of 5 years service as Class I or Gazetted Officers or 10 years for other grades.
* Check-off facility should be available.
* This scheme is open to tribals hailing from the hill states of North East India and areas around Chandigarh, Bhopal, Lucknow, Patna, and Bhubaneswar. They can avail this scheme from SBI branches in these areas.
* If they are not currently living in these areas, they can still avail of the scheme for a housing loan to be used at their native village!
Salient Features
Loan Amount :
The maximum loan amount will be calculated on the basis of 24 times the net monthly income (NMI) of the applicant subject to a maximum of Rs.5.0 lacs. The income of the spouse can also be considered for this purpose provided he/she is a permanent employee of Government / PSU / Private Sector unit and is willing to guarantee the loan.
Documents Required :
In addition to the usual documents, under noted documents or papers will also be obtained:
Affidavit sworn by the applicant that he/she is the owner of the plot of land.
Post-dated cheques representing monthly installments may also be taken till the loan is liquidated.
In specific cases, an agreement to mortgage the land may also be required.
Margin :A minimum margin of 25% is envisaged.
Disbursement :
Disbursements will be made in a phased manner in tune with the actual progress in the construction. However, in case of outright purchase of house, there could be a one-time disbursement of the loan amount.
Repayment Schedule :
The loan is to be repaid over a period of 10 years through Equated Monthly Installments. The repayment period will include the moratorium or repayment holiday, at the option of the beneficiary, covering the construction period or 12 months from disbursement of the first instalment of the loan, whichever is earlier.
As with all our schemes there is no prepayment penalty whatsoever!
Security : As per bank's extant instructions.
Processing Fee : 0.25% of the loan amount.
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The scheme is a special Housing finance scheme for Hill/ Tribal areas of North East India and areas around Chandigarh, Bhopal, Lucknow, Patna and Bhubaneswar.
Enjoy the SBI advantage :
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
* Lowest processing charges; only 1% of loan amount - compare with 1-3% of others.
* No hidden costs or administrative charges..
* No security required - which means minimal documentation…something that you had always wanted.
* No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
THE SCHEME:
The Tribal Plus is a special to provide housing finance for Hill/Tribal areas without mortgage of land.
Loans will be granted to individuals to:
* Purchase or construct a new house or flat.
* Purchase an existing house or flat (old) that is not more than 10 years old.
* Repair or extend or renovate an existing house or flat.
Eligibility :
* Individual(s) over 21 years of age (but not more than 60 years) who are permanent employees of Central or State Government or Public Sector undertakings (PSU) or reputed private sector units and have put in a minimum of 5 years service as Class I or Gazetted Officers or 10 years for other grades.
* Check-off facility should be available.
* This scheme is open to tribals hailing from the hill states of North East India and areas around Chandigarh, Bhopal, Lucknow, Patna, and Bhubaneswar. They can avail this scheme from SBI branches in these areas.
* If they are not currently living in these areas, they can still avail of the scheme for a housing loan to be used at their native village!
Salient Features
Loan Amount :
The maximum loan amount will be calculated on the basis of 24 times the net monthly income (NMI) of the applicant subject to a maximum of Rs.5.0 lacs. The income of the spouse can also be considered for this purpose provided he/she is a permanent employee of Government / PSU / Private Sector unit and is willing to guarantee the loan.
Documents Required :
In addition to the usual documents, under noted documents or papers will also be obtained:
Affidavit sworn by the applicant that he/she is the owner of the plot of land.
Post-dated cheques representing monthly installments may also be taken till the loan is liquidated.
In specific cases, an agreement to mortgage the land may also be required.
Margin :A minimum margin of 25% is envisaged.
Disbursement :
Disbursements will be made in a phased manner in tune with the actual progress in the construction. However, in case of outright purchase of house, there could be a one-time disbursement of the loan amount.
Repayment Schedule :
The loan is to be repaid over a period of 10 years through Equated Monthly Installments. The repayment period will include the moratorium or repayment holiday, at the option of the beneficiary, covering the construction period or 12 months from disbursement of the first instalment of the loan, whichever is earlier.
As with all our schemes there is no prepayment penalty whatsoever!
Security : As per bank's extant instructions.
Processing Fee : 0.25% of the loan amount.
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SBI - Sainik Plus Scheme
SAINIK-PLUS SCHEME
"They give their lives so that others might live "
Loans under Sainik Plus may now be covered under Prashasan Plus.
For all those who are ready to lay down their lives for their motherland, SBI is proud to offer Sainik Plus with special discounts on processing fees, interest rates and margin amounts on various finance schemes. This is available for all Non Commissioned Officers (NCOs) and Jawans of Indian Army .
Enjoy the SBI advantage :
* Concessions in margin amounts, interest rates and processing charges!!
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
*Lowest processing charges; only 1% of loan amount - compare with 1-3% of others.
*No hidden costs or administrative charges..
*No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
* Flexible repayment period.
The Scheme :
Through Sainik Plus, you can avail of concessions in the rates of interest, processing charges and margin amounts in the following schemes :
* Personal Loan
* Festival Loan
* Housing Loan
Eligibility :
This scheme is open for all NCOs and Jawans of the Indian Army.
Documents Required :
To avail of loans under the Sainik Plus scheme - you will need to submit the following :
* Certificate from the CO confirming your salary and identity.
* Photocopy of your identity card along with the loan documents.
* Undertaking from the CO to remit your salary every month with SBI.
*In case your unit is subject to frequent movement/transfer, a third person guarantee either from a person in the same unit or one of their relatives residing at that place.
"They give their lives so that others might live "
Loans under Sainik Plus may now be covered under Prashasan Plus.
For all those who are ready to lay down their lives for their motherland, SBI is proud to offer Sainik Plus with special discounts on processing fees, interest rates and margin amounts on various finance schemes. This is available for all Non Commissioned Officers (NCOs) and Jawans of Indian Army .
Enjoy the SBI advantage :
* Concessions in margin amounts, interest rates and processing charges!!
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
*Lowest processing charges; only 1% of loan amount - compare with 1-3% of others.
*No hidden costs or administrative charges..
*No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
* Flexible repayment period.
The Scheme :
Through Sainik Plus, you can avail of concessions in the rates of interest, processing charges and margin amounts in the following schemes :
* Personal Loan
* Festival Loan
* Housing Loan
Eligibility :
This scheme is open for all NCOs and Jawans of the Indian Army.
Documents Required :
To avail of loans under the Sainik Plus scheme - you will need to submit the following :
* Certificate from the CO confirming your salary and identity.
* Photocopy of your identity card along with the loan documents.
* Undertaking from the CO to remit your salary every month with SBI.
*In case your unit is subject to frequent movement/transfer, a third person guarantee either from a person in the same unit or one of their relatives residing at that place.
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SBI - Teachers Plus Scheme
TEACHERS-PLUS SCHEME
"The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires."
William Arthur Ward
Enjoy the SBI advantage :
* Concessions in margin amounts, interest rates and processing charges!!
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
* Lowest processing charges; only 1% of loan amount - compare with 1-3% of others.
* No hidden costs or administrative charges..
* No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
* Flexible repayment period.
The Scheme:
SBI recognizes the special position sanctioned for teachers in our society and is proud to introduce Teacher Plus - a special scheme for teachers placed under State and Central Governments as also under the deemed universities. Through Teacher Plus, you can avail of concessions in the rates of interest, processing charges and margin amounts in the following schemes :
* Personal Loan
* Car Loan
* Festival Loan
* Housing Loan
Eligibility :
This scheme is open for all teachers placed under State and Central Governments as also under the deemed universities.
Documents Required :
As applicable to Personal loan, Car loan, Festival loan and Housing loan schemes.
This information is brought to you by Harmony Infotech.
Contact us if you are looking for a School Website.
"The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires."
William Arthur Ward
Enjoy the SBI advantage :
* Concessions in margin amounts, interest rates and processing charges!!
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
* Lowest processing charges; only 1% of loan amount - compare with 1-3% of others.
* No hidden costs or administrative charges..
* No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
* Flexible repayment period.
The Scheme:
SBI recognizes the special position sanctioned for teachers in our society and is proud to introduce Teacher Plus - a special scheme for teachers placed under State and Central Governments as also under the deemed universities. Through Teacher Plus, you can avail of concessions in the rates of interest, processing charges and margin amounts in the following schemes :
* Personal Loan
* Car Loan
* Festival Loan
* Housing Loan
Eligibility :
This scheme is open for all teachers placed under State and Central Governments as also under the deemed universities.
Documents Required :
As applicable to Personal loan, Car loan, Festival loan and Housing loan schemes.
This information is brought to you by Harmony Infotech.
Contact us if you are looking for a School Website.
SBI - Medi Plus Scheme
MEDI-PLUS SCHEME
For spreading smiles and cheers on the faces of our customers…, we've launched a new loan scheme keeping specialized medical treatments in mind - a scheme that we call Medi Plus!
Enjoy the SBI advantage :
* Concessions in margin amounts, interest rates and processing charges!!
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
* Lowest processing charges; only 1% of loan amount -(compare with 1-3% of others.)
* No hidden costs or administrative charges..
* No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
* Flexible repayment period.
The Scheme :
The Specialised Medical Treatments, not only do the cost implications run into several lakhs of rupees, but more often than not, these liquid funds also need to be generated at a very short notice, in order to be able to make prompt hospital bill payments… With this in mind, Medi Plus is specially designed to make life simpler for you under what could well be trying circumstances.
You may avail of loans under the Medi Plus Scheme to cover the cost of treatments such as:
* Corneal Implant
* Orthodontic Treatment (fixed tooth implant)
* Ilazirav Technique of lengthening a limb
* Congenital heart surgery
* Angioplasty
* Heart Valve Replacement Surgery
* GIFT (in-vitro technique for child bearing)
* Serious Accidents and Multiple Injuries Surgery
* Hip and Knee Replacement Surgery
* Coronary Artery Bypass/ Graft Surgery
* Cochlear Implants (surgical) for the hearing impaired
* Onco-Surgery upto Grade I
* Reconstructive Nose Surgery with Face Lifting
* Penile Implant Surgery
* Artificial Limb Prosthesis
Purpose :
Loan for individuals to avail specialised expensive medical treatment e.g. coronary by-pass, Hip and Knee replacement surgery, cochlear implants(surgical) for the hearing impaired etc.
Eligibility :
You qualify to avail of loans under this scheme, if you are:
* An employee of the Government/ a reputed PSU/ a profit making public limited company, and if you have a minimum, 10 years of service
* A self-employed professional
* A pensioner, who has taken voluntary retirement and is not yet 60 years old
* An agent of Insurance/ KVP/ Mutual Funds etc. with a minimum annual income of Rs.3 lakh
*An employee/ a pensioner with a minimum income of Rs.10,000 per month or if you are a neither, a minimum income of Rs. 3 lakhs per annum.
Note : If the person being treated is a minor, the loan may be granted to a parent.
Loan Amount :
The loan amounts range from a minimum of Rs.50,000/- to a maximum of 12 months NMI (when it concerns salaried individuals and pensioners) or a 1 year net annual income (when it comes to persons other than salaried individuals and pensioners), subject, to the following ceilings:
* For Employees and Professionals : Rs.2.0 lacs
* For Pensioners and Agents : Rs.1.0 lac
Once sanctioned,the loan is disbursed by the issuance of a draft/ banker's cheque, favouring the hospital, where the treatment is being undertaken or where it's proposed to be undertaken.
Margin :
20% of the total cost of treatment.
Security :
As per bank's extant instructions.
Repayment Period :
You may comfortably repay your loan over a maximum - 60 Equated Monthly Installments.
Interest :
0.75% above SBAR i.e.14.50% p.a.
Processing Fee (One time)
0.50% of the loan amount.
Documentation :
Please contact the Bank for details.
Authorised branches We are pleased to inform you that currently, The Medi Plus Scheme is being offered at:
* All computerized SBI branches in identified cities
* All SBI branches, in metro/ urban centers, having "P" divisions
* All SBI Personal Banking Branches
Processing Fee : 0.50% of the entire loan amount, If the applicant already maintain a regular Housing Loan Account with us the processing fee is waived.
List of Diseases
* Corneal implant
* Orthodontic treatment - fixed tooth implant
* Ilazirav technique of lengthening a limb
* Angioplasty
* Congenital heart surgery
* Heart Valve replacement surgery
* GIFT - In-vitro technique for child bearing
* Serious accidents and multiple injuries surgery
* Coronary artery bypass graft surgery
* Hip and knee replacement surgery
* Cochlear implants (surgical) for the hearing impaired
* Onco - surgery upto Grade I
* Reconstructive nose surgery with facelifting
* Penile implant surgery
* Artificial limb prosthesis
* Laser assisted hatching
* Intra Cylasmic sperms injection
This information is brought to you by Harmony Infotech.
Contact us if you are looking for a Health website.
For spreading smiles and cheers on the faces of our customers…, we've launched a new loan scheme keeping specialized medical treatments in mind - a scheme that we call Medi Plus!
Enjoy the SBI advantage :
* Concessions in margin amounts, interest rates and processing charges!!
* Lowest interest rates. Further, we charge interest on a daily reducing balance!!
* Lowest processing charges; only 1% of loan amount -(compare with 1-3% of others.)
* No hidden costs or administrative charges..
* No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan.
* Flexible repayment period.
The Scheme :
The Specialised Medical Treatments, not only do the cost implications run into several lakhs of rupees, but more often than not, these liquid funds also need to be generated at a very short notice, in order to be able to make prompt hospital bill payments… With this in mind, Medi Plus is specially designed to make life simpler for you under what could well be trying circumstances.
You may avail of loans under the Medi Plus Scheme to cover the cost of treatments such as:
* Corneal Implant
* Orthodontic Treatment (fixed tooth implant)
* Ilazirav Technique of lengthening a limb
* Congenital heart surgery
* Angioplasty
* Heart Valve Replacement Surgery
* GIFT (in-vitro technique for child bearing)
* Serious Accidents and Multiple Injuries Surgery
* Hip and Knee Replacement Surgery
* Coronary Artery Bypass/ Graft Surgery
* Cochlear Implants (surgical) for the hearing impaired
* Onco-Surgery upto Grade I
* Reconstructive Nose Surgery with Face Lifting
* Penile Implant Surgery
* Artificial Limb Prosthesis
Purpose :
Loan for individuals to avail specialised expensive medical treatment e.g. coronary by-pass, Hip and Knee replacement surgery, cochlear implants(surgical) for the hearing impaired etc.
Eligibility :
You qualify to avail of loans under this scheme, if you are:
* An employee of the Government/ a reputed PSU/ a profit making public limited company, and if you have a minimum, 10 years of service
* A self-employed professional
* A pensioner, who has taken voluntary retirement and is not yet 60 years old
* An agent of Insurance/ KVP/ Mutual Funds etc. with a minimum annual income of Rs.3 lakh
*An employee/ a pensioner with a minimum income of Rs.10,000 per month or if you are a neither, a minimum income of Rs. 3 lakhs per annum.
Note : If the person being treated is a minor, the loan may be granted to a parent.
Loan Amount :
The loan amounts range from a minimum of Rs.50,000/- to a maximum of 12 months NMI (when it concerns salaried individuals and pensioners) or a 1 year net annual income (when it comes to persons other than salaried individuals and pensioners), subject, to the following ceilings:
* For Employees and Professionals : Rs.2.0 lacs
* For Pensioners and Agents : Rs.1.0 lac
Once sanctioned,the loan is disbursed by the issuance of a draft/ banker's cheque, favouring the hospital, where the treatment is being undertaken or where it's proposed to be undertaken.
Margin :
20% of the total cost of treatment.
Security :
As per bank's extant instructions.
Repayment Period :
You may comfortably repay your loan over a maximum - 60 Equated Monthly Installments.
Interest :
0.75% above SBAR i.e.14.50% p.a.
Processing Fee (One time)
0.50% of the loan amount.
Documentation :
Please contact the Bank for details.
Authorised branches We are pleased to inform you that currently, The Medi Plus Scheme is being offered at:
* All computerized SBI branches in identified cities
* All SBI branches, in metro/ urban centers, having "P" divisions
* All SBI Personal Banking Branches
Processing Fee : 0.50% of the entire loan amount, If the applicant already maintain a regular Housing Loan Account with us the processing fee is waived.
List of Diseases
* Corneal implant
* Orthodontic treatment - fixed tooth implant
* Ilazirav technique of lengthening a limb
* Angioplasty
* Congenital heart surgery
* Heart Valve replacement surgery
* GIFT - In-vitro technique for child bearing
* Serious accidents and multiple injuries surgery
* Coronary artery bypass graft surgery
* Hip and knee replacement surgery
* Cochlear implants (surgical) for the hearing impaired
* Onco - surgery upto Grade I
* Reconstructive nose surgery with facelifting
* Penile implant surgery
* Artificial limb prosthesis
* Laser assisted hatching
* Intra Cylasmic sperms injection
This information is brought to you by Harmony Infotech.
Contact us if you are looking for a Health website.
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