SBI Chennai
Last Updated : Aug. 30, 2018, 5:58 p.m.
Products Offered by SBI in Chennai
The State Bank of India offers a wide range of products under the category of loan and investments. The loan products offered by the bank include home loan, personal loan, car loan, education loan, business loan, loan against property and gold loan. It even proffers investment products such as fixed deposits. The details, eligibility criteria, rate of interest and tenure of various loan and investment products offered by the bank are given in the table below:
Basic Details of State Bank of India Products
| Product Name | Eligibility Criteria | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Minimum age of the applicant should be 18 years and not more than 70 years at the time of repayment. | Up to ₹ 10 crores | 9.15% - 11.30% | Minimum - ₹ 1,000 to ₹ 10,000 | Up to 30 years |
| Personal Loan | Eligible segments - Salaried individual of good quality corporate, self- employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing Central and state Government Quasi-Government Central PSUs Profit making State PSUs Educational Institutions of National Repute Selected Corporates Pensioners | Minimum - ₹ 24,000 in metro & urban areas, ₹ 10,000 in rural areas Maximum - ₹ 15,00,000 | 11.00% - 14.00% | 1% - 3% of the loan amount + GST | Up to 5 years |
| Car Loan | Regular employee of State / Central Government, Public Sector Undertaking, Private Company or a reputed establishment with minimum annual income of ₹ 2,50,000. Professionals, self-employed, businessmen, proprietary/partnership firms who are income tax assesses with net profit or gross taxable income of ₹ 4,00,000 per annum Person engaged in agricultural and allied activities with minimum net annual income of ₹ 4,00,000 | Maximum - Up to 85% of on-road price | 7.20% - 7.90% | For new car- ₹ 1,000 Pre-owned - ₹ 450 to ₹ 9,100 + GST | Maximum - 7 years |
| Loan Against Property | An employee or a professional, self-employed or an income tax assesses or NRIs (Who has residential property or commercial properties in his own name or in the name of spouse/children/parent/sibling) Minimum net monthly income of the individual should be ₹ 25,000 or ₹ 3,00,000 per annum The maximum age shouldn’t exceed 70 years at the time of repayment | Minimum - ₹ 10 lacs Maximum - ₹ 7.5 crores | 9.45% - 11% p.a. | 1% of the loan + GST Maximum - ₹ 50,000 + GST | Minimum - 5 years Maximum - 15 years |
| Business Loan | Business units engaged in trading, manufacturing and services | Up to ₹ 20 crores | As per the bank norms | 1% of the loan amount | 15 years |
| Gold Loan | The age of the applicant should be 21 years and above | Minimum - ₹ 10,000 Maximum - ₹ 20 lacs | 0.1015 | 0.50% of the loan amount + GST | Up to 30 months |
| Education Loan | Indian Nationals for pursuing higher education in India or abroad where admission has been secured | For studies in India - maximum ₹ 10 lacs Studies abroad - maximum ₹ 20 lacs | 9.35% - 10.75% p.a. | No processing fee | 15 years |
| Fixed Deposit | An individual either solely or jointly A minor jointly with a major HUF Private Traders Professionals Partnerships Firms Companies Clubs Societies & Corporates | - | 2.90% - 6.20% | - | 7 days to 10 years |
SBI Branches with IFSC Codes in Chennai
The complete address, IFSC Code, MICR Code and customer care details of State Bank of India branches located in Chennai are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Collectorate Road, Tiruvannamalai | Rayar Naidu Complex, 15 Polur Road, Tiruvannamalai 606601 | SBIN0012934 | 244002099 | 9442218204 |
| LHO, Chennai | Circle Top House, Aparna Complex, 16 College Lane Chennai | SBIN0003972 | 600002000 | 28214293/ 28214785/ 28214617/ 28214618 |
| Service Branch Chennai | Whites Road Chennai | SBIN0008443 | 600002001 | 044-28515627, 28522638, 28521849, 28522738 |
| Adyar | No. 5 First Cross Street, Kasturba Nagar, Adyar, Chennai 600020 | SBIN0001115 | 600002002 | 044-24416780, 24403578 |
| Alwarpet, Chennai | 241, TTK Road Alwarpet Chennai, 600018 | SBIN0002190 | 600002003 | 044-24992397 24988145 |
| Aminjikarai | Post Bag No. 5402, 22, Sathurudden Sahib Street, Chennai | SBIN0003273 | 600002004 | 044-26640149, 044-26641257 |
| Anna Nagar, Chennai | 1st Floor, AG - 1, Shanti Colony, Anna Nagar, Chennai, Chennai City, 600040 | SBIN0002196 | 600002005 | 044-26211539 |
| Anna Nagar West Chennai | Y211, 2nd Avenue, Chennai, Pin 600040 | SBIN0003870 | 600002006 | 044-26215712, 044-26200247 |
| Annasalai | P.B. No. 342103 A, Anna Salai, Chennai, Tamil Nadu, Pin 600002 | SBIN0000878 | 600002007 | 044-28603201 |
| Arumbakkam | NO. 9, Muniathinam Street Ayyavoo Naidu Colony, Chennai City Pincode - 600029 | SBIN0006495 | 600002008 | 044-23632387, 044-23631326 |
| Ashok Nagar | 1 Housing Board Shop Comp Ashok Ngr Chennai T.N. | SBIN0001857 | 600002009 | 044-24892148, 23713330 |
| Ayanavaram, Chennai | 317, Konnur High Road, Opp. Ramanuja Nagar, Chennai, Chennai City, 600023 | SBIN0002202 | 600002010 | 044-26450981 044-26602792 |
| C I T Nagar | 1 North Rd, West CIT Ngr, Chennai, TN | SBIN0003307 | 600002011 | 1800 425 3800 |
| Chetput, Chennai | No.17, M.C. Nichols Road, Chennai Chennai City, 600031 | SBIN0001852 | 600002012 | 044-28363489 |
| Chinthadripet, Chennai | 24 , Arunachalam Street, Ist Floor Chinthadripet , Chennai Tamilnadu , Pin - 600002 | SBIN0005380 | 600002013 | 044-28418248 |
| Commercial Branch, Chennai | Bombay Mutual Bldg., 232, Nsc Bose Road, Chennai 600001 | SBIN0007347 | 600002014 | 044-25342140, 044-25340975 |
| Elephant Gate, Chennai | 15, Ekambareswarar Street, Chennai, Chennai City, Tamilnadu , Pin - 600003 | SBIN0003308 | 600002016 | 044-25330801, 044-25358556 |
| Gopalapuram | 238 Avvai Shunmugam Sal - , Gopalapuram Distt. Chennai, Tamil Nadu 600086 | SBIN0000962 | 600002017 | 044-28351663, 28351015 |
| IIT, Madras | IIT Campus, IIT, Chennai, Tamil Nadu | SBIN0001055 | 600002018 | 044-22570247, 22579354 |
| Jawahar Nagar, Chennai | B - 58, 70 Feet Road, Chennai Jawahar Nagar Chennai, Chennai City Pincode - 600082 | SBIN0007582 | 600002019 | 044-25500983 |
| K K Nagar | 207, Ramaswamy Road, K.k.nagar, Chennai, Tamil Nadu, Pin - 6000078 | SBIN0007625 | 600002020 | 044-24843134 |
| Kilpauk, Chennai | 22, Taylors Road Kilpauk Chennai, 600010 | SBIN0001853 | 600002021 | 044-26448348 |
| Kodambakkam | Ambiga Complex, 32 Arcot Road, Distt. Chennai, Tamil Nadu 600024 | SBIN0001444 | 600002022 | 044-24849964, 24849965 |
| Kottur | No.4, Dhandayuthapani, Chennai City, Tamil Nadu 600085 | SBIN0001669 | 600002023 | 044-24474962, 24470747 |
| Chennai Main | 84 Rajaji Salai, Chennai, Tamil Nadu 600001 | SBIN0000800 | 600002025 | 044-25220141 |
| Madras University | University Bldgs, Chepauk, Chennai Chennai, 600005 | SBIN0002234 | 600002026 | 044-25361444 |
| Mahalingapuram, Chennai | 12, Lady Madhawan Road Chennai City Pincode - 600034 | SBIN0007105 | 600002027 | 044-28171386 |
| Mandaveli | Post Box No.3105, 48, Venkatakrishna Iyer Road, Chennai, 600028 | SBIN0001854 | 600002028 | 044-24939514 |
| Mannady, Chennai | 31, Stringers Street, Mannady Chennai City, Tamil Nadu 600108 | SBIN0001682 | 600002029 | 044-25385161, 25384514 |
| Mint Terminus, Chennai | 21, Mint Street Mint Terminus Chennai, Tamil Nadu 600079 | SBIN0001476 | 600002030 | 044-25201068 |
| Mylapore | 46 By1, Luz Church Rd, Chennai | SBIN0000965 | 600002031 | 1800 425 3800 |
| Valluvarkottam | No.1, Balaji Avenue, 6b, Tirumalai Pillai Road, Chennai, 600017 | SBIN0002244 | 600002033 | 044-28343336 |
| Nungambakkam | 6 Uthamar Gandhi Rd Nungambakkam Chennai TN | SBIN0001176 | 600002034 | 044-28250069/ 2826715028213585 /28272392 |
| PWD Complex, Chennai | P.B. NO.153 Chepauk, Chennai City Pincode - 600005 | SBIN0006489 | 600002036 | 044-28546778 |
| Perambur | 110 Madhavaram High Rd., Perambur, Chennai, TN, 600007 | SBIN0002256 | 600002038 | 044-25584195, 044-25581812, 044-25585445 |
| Anna University | AU College Campus Sardar Patel Rd Guindy Chennai TN | SBIN0006463 | 600002039 | 044-22351353, 22200016 |
| Periamet Chennai | 144, Vepery High Road, Chennai Chennai Chennai City, 600003 | SBIN0002257 | 600002040 | 044-25389805, 25389541 |
| Purasawalkam | 271, Purasawalkam High Rd, Purasawalkam, Chennai, 600007 | SBIN0001515 | 600002041 | 044-26401756, 044-26401755, 044-26425321 |
| R A Puram Chennai | 19, III Cross Road, Chennai, New No.12, Raja Annamalaipuram Chennai City, 600028 | SBIN0001855 | 600002042 | 044-24330801 |
| Royapettah | 213, Royapettah High Road, Chennai City, Tamil Nadu 600014 | SBIN0001793 | 600002043 | 044- 28111887 |
| Royapuram, Chennai | Post Box No 553, No.178 Mannarswamy Koil Street, Royapuram Chennai, 600013 | SBIN0002265 | 600002044 | 044-25951944 |
| Saidapet Bazar, Chennai | 14 - 15 Jeenis Road Saidapet Chennai City, 600015 | SBIN0002266 | 600002046 | 044-24331051, 24363114, 24355916 |
| Sant Home | 9 DE Monte Street, Santhome High Road, Santhome , Chennai , Pin - 600004 | SBIN0005797 | 600002048 | 044-24942169 |
| Siruthozhil Chennai | 320, Valluvar, Kottam High Road, Nungambakkam, Chennai, Pin 600034 | SBIN0006616 | 600002050 | 044-28221624 044-28211664 |
| Sowcarpet, Chennai | 31, Bunder Street, Chennai Govindappa Naicken St.chennai City, Tamil Nadu 600001 | SBIN0001017 | 600002051 | 044-25369584 |
State Bank of India Login
When it comes to login, it would not be wrong to say that you can easily login to your SBI account online. Yes, that’s right! With the help of an online facility, you can hassle-free login to your account and can check the same anytime from anywhere. You can know each and everything about your SBI account by simply login the same. With the help of having the credentials online, it is easy for you to keep a track of your account as well.
State Bank of India EMI Calculator
An EMI Calculator is surely one such magical device that helps you in knowing your monthly installments, interest outgo and total amount payable in the best way. You can use this device to know the exact calculations related to your loan EMIs, hence can take the smart financial decisions in the future. This tool by taking into consideration the loan amount, interest rate and tenure, gives you the exact and precise results in just a few seconds.
However, to make you understand better, below is a table showing the calculations on a loan amount of ₹3 Lakh, taken for a tenure of 4 years at an interest rate of 12.75% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| Year | Principal | Interest | Balance Amount |
|---|---|---|---|
| 1 | ₹ 61,388 | ₹ 34,745 | ₹ 2,38,611 |
| 2 | ₹ 69,689 | ₹ 26,444 | ₹ 1,68,922 |
| 3 | ₹ 79,112 | ₹ 17,020 | ₹ 89,810 |
| 4 | ₹ 89,894 | ₹ 6323 | ₹ 0 |
Documents Required
The list of documents required to avail the benefit of the financial products are given below:
| Product Name | Documents |
|---|---|
| Home Loan | For Applicants: Completed loan application 3 Passport size photographs Proof of identify (photocopies of Voters ID card/ Passport/ Driving licence/ IT PAN card) Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID card) Proof of business address for non-salaried individuals Statement of Bank Account/ Pass Book for last six months Signature identification from present bankers Personal Assets and Liabilities statement For Guarantor: Personal Assets and Liabilities Statement 2 passport size photographs Proof of identification as above Proof of residence as above Proof of business address as above Signature identification from his/her present bankers Additional Documents for Salaried: Original Salary Certificate from employer TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt. Additional Documents for Professionals/ Self- Employed/ Other IT assesses: Acknowledged copies of three years I.T. returns/ Assessment Orders Photocopies of challans evidencing payment of Advance Income Tax |
| Personal Loan | Latest Photograph, Photo Identity & Residence Proof of the Applicant & Guarantor Income Proof - Salary slips for last 3 months, ITR/ Form 16 for last 3 years (for salaried) |
| Car Loan | Statement of bank account for last 6 months 2 passport size photographs Proof of Identity : (Copy of any one) Passport/ PAN Card/ Voters ID card/ Driving License etc. Address Proof : (Copy of any one) Ration card/Driving License/Voters ID card/ Passport / Telephone Bill/ Electricity bill/Life Insurance policy Income Proof: Latest Salary Slip, Form 16/ ITR for last 2 years, I.T. Returns or Form 16 for the last 2 years, Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate / sales tax certificate / SSI registered certificate / copy of partnership ( non- salaried) |
| Loan Against Property | Application form Financial Statements in case limit is over Rs.10.00 Lakh Copy of Sales Tax / VAT / any other Tax Registration if applicable Details of Property offered along with the latest valuation For existing business, statement of accounts maintained with other Banks |
| Business Loan | Proof of Identity: Voter’s ID Card/ Passport/ Driving License/ PAN Card/ Signature identification from present bankers of proprietor, partner of director (if a company) Proof of residence: Recent telephone bills, electricity bill, property tax receipt /Passport/ Voter’s ID Card of Proprietor, partner of Director (if a company) Proof of business Address Panchayat Licence Actual - Past 3 years Balance Sheet, Estimated - Current Year Balance Sheet, Projected - Next Year Balance Sheet CMA form Copy of Sales tax / VAT /any other Tax Registration Memorandum and articles of association of the Company/ Partnership Deed of partners etc. Assets and liabilities statement of promoters and guarantors along with latest income tax returns Project Report Plan / Estimate / Invoices Rent Agreement (if business premises on rent) and clearance from pollution control board if applicable Power Allocation SSI / MSME registration if applicable Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan (for all cases of Rs.2 lakhs and above) Photocopies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities |
| Gold Loan | Application Form for Gold Loans Two copies of photograph of the borrower(s) Proof of Identity - Passport/ PAN Card/ Voters ID card/ Driving License etc. Proof of Address - Ration card/Driving License/Voters ID card/Passport /Telephone Bill/ Electricity bill/Life Insurance policy |
| Education Loan | Letter of admission Completely filled in Loan Application Form 2 passport size photographs Statement of cost of study PAN Card of the student and Parent/ Guardian AADHAR Card of the student and Parent/ Guardian Proof of identity (Driving Licence/Passport/Aadhar/ any photo identity) Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill) Student/Co-borrower/ guarantor's bank account statement for last 6 months IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ other co-borrower (if IT Payee) Brief statement of assets & liabilities of Parent/ Guardian/ other co-borrower Proof of income (i.e. salary slips/ Form 16) Parent/ Guardian/ other co-borrower |
| Fixed Deposit | Proof of Identity - Passport, Voter ID card, Driving license, PAN card, Government department ID card Proof of Residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement |
About State Bank of India (SBI)
State Bank of India is the most eminent bank of the country. Being the oldest bank, it has earned the trust of millions of customers. More than 95% of country’s population has an account in the bank. It has a huge number of branches and is present even in the remotest corner of the nation. It has a total number of 18,354 branches and around 49,577 ATMs spread across the length and breadth of the nation. It is truly described as “the banker to every Indian. Apart from national branches, the bank has the largest overseas presence. It has 191 foreign offices in 36 countries. Through its extensive presence, the bank aims at providing quality services to the customers. It helps people meet their financial goals by providing them tailor-made solutions for all their banking requirements. Whether it is the requirement of investment or taking advances the bank has a solution for all. It provides multiple loans and investment products such as term deposits, loan against property, recurring deposit, education loans, home loans, personal loans and corporate loans to its customers. These services are rendered in all part of the country including Chennai city. The people of Chennai can avail the benefits of any of the product by visiting the nearest bank branch. The branch addresses, IFSC Code and contact details of SBI Branches in Chennai are given below.