State Bank of Bikaner and Jaipur Indore

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About State Bank of Bikaner and Jaipur

State Bank of Bikaner and Jaipur, being founded in the year 1963 is bank to reckon with. This public sector bank was formed when two leading banks of the country i.e. State Bank of Bikaner and State Bank of Jaipur was merged together. Moreover, this renowned bank by offering an enormous range of financial products in the areas of loans, insurances and investments, makes sure that to cater the needs of all its esteemed customers in the best possible way. However, one of the best things about this renowned bank is the fact that since its inception it has been delivering   nothing but the best.

Furthermore, with more than 1,360 branches nestled at different corners of the country, there is no denying the fact that SBBJ has been ensuring to reach out all its valuable customers in the best possible way. Be it a personal loan, home loan, education loan or car loan, this leading bank offers all to the people living in Indore. This bank with an enormous range of financial products in its glory makes sure to enhance the banking experience of those who are looking for something new and unique. So, to know more about SBBJ loans available in Indore, reading this page is worth for you.

State Bank of Bikaner and Jaipur Indore Branches

Branch Name Complete Address IFSCMICRCustomer Care
Indore6., Kanti Mansion, Murai Mohalla, Indore - 452001

SBBJ00103594520030020731-2703719
New Palasiya Indore6/6, New Palasiya, Indore, Madhya Pradesh, Pin - 452001

SBBJ00114304520030032703719

Products Offered by State Bank of Bikaner and Jaipur in Indore

Those in Indore have a big reason to rejoice as SBBJ with its exclusive range of offerings such as car loan, education loan, home loan, personal loan, and two & three wheeler loan ensures to fulfill all your needs in the best possible way. These loans come with the different eligibility criteria to match up, hence to know more about the same, you just need to read this page further.

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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