State Bank of Bikaner and Jaipur Guwahati

Last Updated : Feb. 27, 2017, 5:55 p.m.

About State Bank of Bikaner and Jaipur

If you are in the beautiful and wonderful city of Guwahati, you will surely agree on the fact that this place is decked with plenty of many renowned financial lenders. Yes, and State Bank of Bikaner and Jaipur is one such lender that never disappoints you with its unmatched and quality services. That’s right! This leading bank is worldwide known for its quality services and innovative approach, technological advancements and last but not the least state-of-the-art product range that can fulfill all your financial needs in the best possible way.  This bank was formed in the year 1963 with an endeavor to deliver nothing but the best to all its valuable customer around the globe.

Hence, even today after many years of its inception, this bank has been ensuring be it lending, investments or insurances, it caters the diverse needs of all in the least time frame. The foundation of this prestigious bank was laid when two reputed banks i.e. State Bank of Bikaner and State Bank of Jaipur came together to form a single entity. However, after the merger of these two major lenders, the services and products offered by SBBJ have been defining every day, hence meeting the needs of one and all. To know more about State Bank of Bikaner and Jaipur and its products in Guwahati, it would be advisable to you to look at the page below.

State Bank of Bikaner and Jaipur Guwahati Branches

Products Offered by State Bank of Bikaner and Jaipur in Guwahati

SBBJ brings to you the best of financial products such as home loan , personal loan, education loan, two & three wheeler loan and car loan to choose from. These products come to you with the eligibility, loan amount, interest rate, tenure and processing fee to look at. Hence, to know more about each product, kindly take a look at the page below.

Basic Details of State Bank of Bikaner and Jaipur Loans

Home Loan

• Any individual with a regular income can apply for the home loan
• SBI home loan interest rates start from 9.15% per annum
• With a minimum salary of ₹25,000, you can apply for a home loan from SBI
• The loan eligibility for Self-employed professionals depends on the annual profit.
• Add a co-applicant such as spouse and borrow a high loan amount
• Extended repayment tenure up to 30 years
• Processing fee is 0.40% of the loan amount, with a minimum of ₹10,000 plus the applicable GST

Personal Loan

• Individuals with a minimum salary of ₹9,000 can apply for a personal loan
• Permanent employees of Central or State Govt., reputed PSUs, profit-making public limited companies.
• And employees of reputed institutions and MNC’s corporates with a minimum of 2 years service drawing salary from a maintained account.
• The interest rate applied to your loan amount ranges from 11.60% to 13.65%
• SBI offers 24 times of Net Monthly Income through demand loan with a maximum limit of ₹15 Lakh.
• The repayment tenure of SBI personal loan is 5 years and can up to the retirement period.
• For the borrowed amount pay a processing charge of 1% of the principal loan amount.

Car Loan

• Salaried, self-employed, pensioners can apply for a car loan from SBI.
• Net Annual income required for the loan is ₹3 lakh for salaried individuals
• And an annual profit of INR 4 lakh is mandatory for the self-employed
• 30 times the net monthly income is sanctioned for SBI car loan
• For old vehicles maximum limit of the loan is ₹15 lakh
• The loan amount can be paid in a maximum of 6 years through EMI or when the borrower reaches 70 years.
• And, get the benefit of Flat ₹750/- per car loan from SBI

Earnest Money Deposit

• Individual above 21 years of age and having a regular income can apply for the loan
• The interest rate on the short-term home loan is 11.55% per annum
• 100% of the application money is sanctioned or 15 times the net income
• No minimum income is required for the loan and CSP and DSP account holders can avail up to ₹15 lakh while others get ₹10 lakh
• Payment can be done for the loan amount in 12 months in EMI
• 0.50% of the loan amount is charged for the processing fee for the loan.

SBI Varisth Nagrik Pension Loan

• All central and state government pensioners and pensioners whose pension are maintained at the SBI branches are eligible for the loan.
• Family pensioners such as spouse authorized to receive a pension after the death of the pensioner.
• Interest rate of 9.95% per annum on the loan amount for SBBJ pensioners and 12.70% for Other Pensioners
• The minimum loan amount for the pension loan is ₹10,000 and a maximum limit up to ₹5.00 lacs.
• Family pensioners can apply for a maximum of ₹3.50 lacs or 18 months pension amount
• SBBJ Family pensioners with a less or equal to 70 years can avail ₹3.50 lakh and ₹2.00 lacs if above 70 or equal to 72 years
• Other Family pensioners with age less or equal to 70 years can avail ₹3.50 lakh and ₹2.00 lacs if above 70 or equal to 72 years
• Loan tenure for the SBBJ pension loan ranges from 24-60 Months
• ₹500/- per application fee is applicable to the loan

Two Wheeler Loan

• Any individual with a minimum monthly income of ₹5,000 is eligible for the loan
• Minimum 12 times of your net income or maximum ₹75,000 of the loan amount is valid
• The loan payment duration is up to 5 years and you can pay the loan amount in EMIs
• 1.15% of the loan amount is charged in advance as a processing fee for the sanctioned loan.

Education Loan

• The student should be an Indian resident and must secure admission to a higher education course in India or abroad via Entrance or Merit-Based Selection.
• The maximum loan amount is ₹10 Lakh for education in India and ₹20 Lakh for Abroad studies
• Course period + 1year or 6 months after getting a job, whichever is earlier.
• Repayment of the loan will be in equated monthly installments (EMI) for up to 10 years if the loan is up to ₹7.5  and 15 years for above ₹7.5
• And zero processing fee is charged for the loan amount.

Mortgage Loans

• Permanent employees, self-employed, professionals with a monthly income of ₹25000 is eligible for the loan
• And also Businessmen, agriculturists with an annual income of ₹3 lakh age 60 years and above are eligible for the loan
• Minimum ₹10 lakh to Maximum 75% of the market value of the property can be borrowed from SBI.
• The repayment duration of the loan in EMIs are maximum 84 to 120 months
• Or the repayment must be done before the retirement age of 70 years
• 1.15% of the loan amount is charged as a processing fee for the loan amount

Required Documents for State Bank Of Bikaner And Jaipur Loan

SBBJ Home Loan

ID Proof:

• Duly filled loan application, 3 recent passport size photographs, Voter ID card, Driving license, Passport and  PAN Card
• Residential proof such as recent electricity bill, telephone bill and  property tax receipt
• Proof of business address for the non-salaried individual
• Bank statement, Pass Book of last three months, signature identification from present bankers and personal assets and liabilities statements.

Income Proof:

• Original salary certificate from employer if you are salaried and working in an MNC, PSU or government sector company.
• TDS certificate or Form 16 of ITR report for the last two financial years for self-employed individual

SBBJ Personal Loan

ID Proof

• You need to submit your passport (NRI), voter ID card (Indian residents), driving license to avail SBI personal loan.

Income Proof

• The income proof such as salary slips or bank transactions statement to avail SBI personal loans.
• Multiple Income Source documents such as spouse income proof, if you add a co-applicant to increase the chances of getting a higher personal loan from SBI.
• Current dated salary certificate with the latest Form 16 also needs to be submitted.
• Income documents for Self-employed Applicant is the latest bank statement, ITR or Form 16

SBBJ Varishtha Nagrik Pension Loan Yojana

• Application 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

SBBJ Car Loan

ID Proof

• Passport Copy, PAN Card, Voter ID card, Driving License and 2 passport size photograph of the applicant.
• Latest Telephone Bill, Electricity Bill or property Tax Receipt can be required for the individual address verification.
• Signature Verification Proof as on Driving License, Passport copy and PAN Card

Income Proof:

• ITR report for the last 2 years along with audited balance sheet, P&L account statement for 2 years if you are self-employed
• Otherwise, form 16 for last 2 years, Latest Salary Slip and  6-month bank statement is needed

SBBJ Education Loan

ID Proof

• The applicant PAN card, Passport, Driving License and Voter ID card need to be submitted and Passport is primarily required.
• Academic Records such as 10th and 12th Result, Graduation Result (Semester-wise), Entrance Exam Result via which admission is being taken.

Proof of admission

• Offer Letter or Admission Letter from the Institution. A conditional admission letter is also considerable.
• Statement of cost of study and Schedule of expenses
• 2 passport-size photographs
• If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Co-applicant income proof:

• Salary Slip or Salary Certificate of last 3 months
• Copy of Form 16 for the last 2 years or copy of ITR report for the last 2 financial years, Bank account statement for last 6 months for a salaried co-applicant.
• Income Proof for Self-employed Co-applicant is Business address proof, IT returns for last 2 years, TDS Certificate, Bank account statement for last 6 months

SBBJ Mortgage Loans

ID Proof:

• Duly filled loan application, 3 recent passport size photographs, Voter ID card, Driving license, Passport and  PAN Card
• Residential proof such as recent electricity bill, telephone bill and  property tax receipt
• Proof of business address for the non-salaried individual
• Bank statement, Pass Book of last three months, signature identification from present bankers and personal assets and liabilities statements.

Income Proof:

• Original salary certificate from employer if you are salaried and working in an MNC, PSU or government sector company.
• TDS certificate or Form 16 of ITR report for the last two financial years for self-employed individual

Property proof:

• Down payment slip, computed renovation cost of the house or property you are going to buy or renovate using the loan amount.
• And a self-attested copy of the property proof such as sale deed, allotment letter, NOC, etc.