State Bank of Bikaner and Jaipur Chennai

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About State Bank of Bikaner and Jaipur

When it comes to loans, investments, insurances or savings, there is no denying the fact that State Bank of Bikaner and Jaipur rules the roost. Yes, that's right! This public sector bank with its enormous range of financial products makes sure to fulfill the diverse needs of all. Being founded in the year 1963 after the merger of two known lenders i.e. State Bank of Bikaner and State Bank of Jaipur, many of you will surely agree on the fact that this bank is here to change the game for many. This financial lender with its thoughtfully designed unique products such as personal loan, home loan, car loan, education loan, two & three wheeler loan and what not make sure to cater the needs of all. 

This is the reason that people living in Chennai prefer to avail the services offered by this leading bank. Since its inception the bank over the year has created its own niche in the banking sector, hence has become the most preferred choice for many.  So, if you are also in Chennai and are looking to get the best financial products in the city, don't worry as SBBJ s here to give you the best banking experience ever. The bank will enrich your experience at every step, thus has become the most preferred choice of many. 

State Bank of Bikaner and Jaipur Chennai Branches

Branch Name Complete Address IFSCMICRCustomer Care
Rajaji Salai, Chennai

Uti House 29, Rajaji Salai, Chennai - 600001

SBBJ0010286 600003002044-25230282
Mylapore, ChennaiNo. 5, R.K. Mutt Road, Mylapore, Chennai - 600004SBBJ0010419 600003003044-24950936
Ashok Nagar, Chennai 27, 10 Avenue, Ashok Nagar, Chennai - 600083
SBBJ0010760 600003004044-24853089
Anna Nagar Ac-56 (NEW 16), 5th Avenue, Anna Nagar, Chennai -600 040 
SBBJ0011234 600003005044-9442503729
Chennai , Chromepet Plot No.1, Door No.46/87, Dr. Rajendra Prasad Road, Gayatri Nagar, Chromepet, Chennai 600044
SBBJ0011356 6000030089442503703
Chennai, Kandhan Chavadi Sbbj, 284/6, Lakshmanan Nagar, Kandhan Chavadi, Chennai 600096
SBBJ0011357 6000030079442503710
Chennai , Porur 6, Ramakrishna Main Road, Porur, Chennai 600116
SBBJ0011362 6000030099442503714

 Products Offered by State Bank of Bikaner and Jaipur in Chennai

With plenty of financial products in the league such as car loan, home loan, two & three wheeler loan, education loan and personal loan, SBBJ is a bank you can avail the best financial products. But to avail these products you should also be aware with the eligibility of the same. And, when it comes to knowing the same, you can easily know about them on the page below. Read the page further to get all the latest updates about SBBJ products available in the beautiful Chennai city. 


Basic Details of State Bank of Bikaner and Jaipur Loans 

Product
EligibilityInterest Rate (in p.a.)

Loan Amount TenureProcessing Fee
Home LoanAny individual can easily apply for the home loan at SBBJ.

9.15%

Income upto ₹2 Lakhs-not exceeding-40%
Income above ₹ 2 Lakhs and upto ₹ 5 Lakhs-not exceeding 50%.

Income above ₹ 5 Lakhs-not exceeding 55%. Income of spouse/son/daughter (any two) can be clubbed.
For businessman, loan amount may be considered on the basis of sales, if the loan amount is more than ₹2 Lakhs.
30 YearsUpto ₹ 25,000 - NIL 
Above ₹ 25,000 - Regular Home Loan : 0.50% of Loan Amount 
(Min ₹ 500 & Max ₹ 10,000)
Upto ₹ 25,000 - NIL 
Above ₹ 25,000 - online home loan : 25% Concession on Applicable Processing Fee
(Min ₹ 500 & Max ₹ 10,000) 
Personal Loan To apply for the personal loan, the minimum net monthly income of ₹ 9,000 is required.

Permanent employees of Central / State Govt., Quasi Govt., reputed PSUs, profit making public limited companies, reputed institutions and MNC’s corporates enjoying credit facilities from our Bank having credit rating of SBBJ-1 & SBBJ-2 and reputed institutions with minimum of 2 years service drawing salary through account maintained with our bank.

11.60% - 13.65%

24 times of Net Monthly Income by way of demand loan with an upper cieling of ₹ 15 Lakh and lower limit of ₹ 0.50 Lakh.EMI Upto 60 months subject to repayment of loan upto maximum of superannuating age1.00% of loan amount
Car Loan Salaried employees & Pensioners:
Minimum Net Annual Income (NAI) of ₹ 3 Lakh for all, whether or not maintaining Salary Package Account with us.

Self- employed, professionals and Proprietary / Partnership Firms:
Minimum Net Profit or Gross taxable income of  ₹ 4 Lakh as per ITR.


9.60% - 12.70%

30 times of Net Monthly Income or

2.5 times Net Annual Income.

No maximum ceiling for new cars

₹15 lacs for old vehicles
EMI 36-84 months
Repayment to be completed by the time the borrower reaches 70 years
Flat ₹ 750/- per car loan
Loan for Earnest Money
Individuals above 21 years with a steady source of income0.121590% of application money or
15 times NMI.
Incomes of all the applicants may be taken into account if application is in joint names or
10% of the value of the house/ plot/ flat or
₹ 5.00 lacs
Which ever is lower
Care should be taken to finance only genuine applicants (individuals only) should be financed and not the speculative buyers.
On receipt of refund 
Lump sum repayment on availing of housing loan but period is not more than 12 months
0.60% of the loan amount Minimum ₹ 110/-
SBBJ Varisth Nagarik Pension Loan Yojana
A) Pensioners - All central and State government pensioners, pensioners of various Central/ State Govt. Undertakings and pensioners of SBBJ, whose pension accounts are maintained by our branches.

B) Family pensioners - Family pensioner i.e. spouse authorized to receive pension after the death of the pensioner.

In addition to the pensioners availing pension from our branches, the pensioners whose pension is disbursed by Government treasuries by means of cheques / bills payable, as per mandate of the pensioner, are also eligible for availing pension loan. In such cases, the original Pension Payment Order (PPO) remains in custody of the Treasury and the pensioner will give a mandate to the Treasury for payment of pension through a particular branch of the Bank.
Such pensioners will be included under the purview of the scheme subject to the following conditions:

1. The pensioner concerned will furnish an irrevocable undertaking that he / she will not amend the mandate to the treasury to pay the pension from a particular SBBJ branch, during the currency of the loan availed by him from SBBJ.

2.The concerned Treasury consents in writing that it will not accept any request from the pensioner to transfer his / her pension payment to any other bank / branch till an NOC is issued by the Bank.
9.95%-SBBJ pensioners,
12.70%-Other Pensioners
Pensioners –
Minimum loan amount : ₹ 10,000/-
Maximum loan amount : equivalent of 18 months pension with a ceiling of 
₹ 5.00 lacs.
Family pensioners -
Minimum loan amount : ₹ 10,000/-
Maximum loan amount : Equivalent of 18 months pension with a ceiling of ₹ 3.50 lacs 
For other than SBBJ Family pensioners 
Family pensioners < or = 70 years : ₹ 3.50 lacs
Family pensioners >70 years and < or = 72 years : ₹ 2.00 lacs

For SBBJ Family pensioners 
Family pensioners < or = 70 years of age : ₹ 3.50 lacs
Family pensioners >70 years and < or = 75 years of age : ₹ 2.00 lacs
24-60 Months ₹ 500/- per application
SBBJ Two Wheeler Loan
An individual must earn a minimum monthly income of ₹ 5000/- or net Min. Annual income ₹ 60000/-Min, ₹ 10000/-, 12 times of NMI Max. ₹ 75000/-36 to 60 months 1.15% of the loan amount
SBBJ Education LoanThe student should be an Indian National.
Should have secured admission to a higher education course in recognized institutions in India or abroad through Entrance Test / Merit Based Selection process after completion of HSC (10+2 pr equivalent)
₹ 10 Lakh for education in India

₹ 20 Lakh for education in Abroad
Course period + 1year or 6 months after getting job, whichever is earlier.

Repayment of the loan will be in equated monthly instalments (EMI) for periods as under:- 
For loans upto  ₹ 7.5 Lakhs. - up to 10 years.
For loans above 7.5 Lakhs. -upto 15 years
NIL
SBBJ Mortgage LoansPermanent employees, self employed, professionals, NMI min. ₹ 25000/-
Businessmen, agriculturists Annual income ₹ 300000/-
Age 60 years (65 in special cases)
Minimum - ₹1.00 lacs Maximum - ₹100 lacs EMI/NMI not to exceed 60% OR 75% of the market value/ realizable value/DLC Rate of the Property whichever is the lowest EMI 84 -120 months

Repayment to be completed by the time the borrower reaches 70 years
1.15% of loan amount

Documents Required

ProductDocuments
Home Loan List of documents required by the bank from all applicants

Duly filled loan application
3 recent passport size photographs
Identify proof (Voter ID card/Passport/ Driving licence/IT PAN Card)
Residential proof (photocopy of recent electricity bill/telephone bill/property tax receipt)
Proof of business address for non-salaried individuals
Bank statement/Pass Book of last three month
Signature identification from present bankers
Personal Assets and liabilities statements

Documents required from guarantor
Personal assets and liabilities statements
2 recent passport size photographs
Identification proof as stated above
Business address proof as state above
Signature identification from present bankers

Additional documents required for salaried persons
Original salary certificate from employer
TDS certificate on Form 16 of IT return for last two financial years, duly acknowledged by IT department.
Additional documents required for Professionals/self-employed/other IT assesses
Acknowledged copies of three years IT return/Assessment orders
Photocopies of challans evidencing payment of Advance Income Tax
Personal LoanIncome Proofs
The income proofs could be salary slips or bank transactions to avail SBI personal loans.
Multiple Income Source
Yes, you can combine the income of your spouse to increase your chances of getting a higher personal loan amount in SBI.
ID Proofs
You need to submit your passport/voter ID card/driving license to avail SBI personal loan.
Documentation for Salaried Applicant
Latest salary slip
Current dated salary certificate with the latest Form 16
Documentation for Self-employed Applicant
Latest Bank statement
Latest ITR or Form 16
SBBJ Varisth Nagarik Pension Loan YojanaApplication Form 
D.P.Note 
Arrangement letter 
Authorization letter – Auto debit from account 
Irrevocable Letter of Authority 
Irrevocable Letter of Authority to Bank from pension paying and disbursing Authority
Car Loan Salaried Professional
Age Proof: Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
Identity Proof :PAN Card/Voter ID/Passport/Driving License, 2 passport size photographs
Income Proof :Form 16 for last 2 years, Latest Salary Slip, 6-month bank statement
Address Proof :Latest Telephone Bill/ Electricity Bill/Property Tax Receipt/Passport/ Voter ID
Signature Verification Proof :Driving License/Passport copy/PAN Card

Self-employed
Age Proof: Passport Copy/PAN Card/Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
Identity Proof:PAN Card/Voter ID/Passport/Driving License, 2 passport size photographs
Income Proof :IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years, Shop & establishment act certificate / sales tax certificate / SSI registered certificate / copy of partnership
Address Proof :Latest Telephone Bill/ Electricity Bill/Property Tax Receipt/Passport/ Voter ID
Signature VerificationProof :Driving License/Passport copy/PAN Card
SBBJ Education LoanThe student should be an Indian National.
Should have secured admission to a higher education course in recognized institutions in India or abroad through Entrance Test / Merit Based Selection process after completion of HSC (10+2 pr equivalent)
SBBJ Mortgage LoansPermanent employees, self employed, professionals, NMI min. ₹ 25000/-
Businessmen, agriculturists Annual income ₹ 300000/-
Age 60 years (65 in special cases)

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