State Bank of Hyderabad Ahmedabad

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About State Bank of Hyderabad

State Bank of Hyderabad was the central bank of erstwhile Nizam state under the name of Hyderabad State Bank and was established in the year 1941 under the Hyderabad State Bank Act, during the reign of the last Nizam of Hyderabad, Mir Osman Ali Khan. SBH is a nationalized bank in India with its headquarters at Hyderabad, Telangana and is one of the five associate banks of State Bank of India. It has been a subsidiary of State Bank of India and is now its largest associate bank.

State Bank of Hyderabad has over 2000 branches and more than 18000 employees that altogether work towards the fulfillment of the financial needs of the people. The bank has been performing great since last few decades and has hence won several awards for its performance. The current Chairman of the bank is Mrs. Arundhati Bhattacharya and the present Managing Director of the bank is Shri Mani Palavesan.

The bank believes that finance products have a vital role in people’s life and hence they have to be designed by keeping in mind the affordability and necessity of the customers. By doing so, it gets easier for a person to take an initiative and invest his/her money. Just like any other financial institution, SBH has also gone through many ups and downs in its initial days and has now come up to a level where it has made the business of ₹2.4 trillion with a net profit of ₹8.12 billion.

State Bank of Hyderabad has spread its wings all over the country and in Ahmedabad also it has branches that are easy to contact. In this article, you will get to know about all the main products the bank offers in Ahmedabad.

State Bank of Hyderabad Branches in Ahmedabad

Branch NameComplete AddressIFSCMICRContact Number
Ahmedabad“Saket”, Prandavi Society, Krishnabaug, Maninagar, Ahmedabad 390008SBHY00205983800040027925463098
AhmedabadAshram Road Branch, Nagindas Chambers, Usmanpura, Ahmedabad 380014SBHY00206733800040037927540281
AhmedabadL.N.Talkies, Gheekanta Road, Mahalaxmi Complex, AhmedabadSBHY00207623800040047925508117
New C.G.Road, AhmedabadShop No 29 To 34 Sargam - 2 586 570 2 Sahara Chandkheda Commercial Hsg Co - Op Society Chandkheda Ahmedabad 382424SBHY0021260NON-MICR079-23291840
Anandnagar, AhmedabadS/17, Sanjay Tower, Shop No.17, Opposite: Shamal Row House, Ring Road, Anandnagar Satellite, Ahmedabad - 380015SBHY0021406NON-MICRNON-MICR

Products Offered by State Bank of Hyderabad in Ahmedabad

State Bank of Hyderabad offers home loans, business loans, car loans, education loans, gold loans, mortgage loans, etc. with low-interest rates and higher loan amount. The bank also provides investment products like Fixed Deposit that give you the opportunity to save your money and earn from it as well! Below are the details of the products that the bank offers in Ahmedabad like eligibility criteria, amount, interest rate, processing fee and tenure. You can have a look at the below details and apply for the product that suits your purpose.

State Bank of Hyderabad Ahmedabad Products Details

ProductEligibilityAmount Interest RateProcessing FeeTenure
Home Loan Individual(s) over 18 years of age with steady source of income, including persons engaged in agriculture & allied activities are eligible to avail this loan. The maximum loan amount will be lowest of loan amount assessed on the basis of the under noted 3 options(a.b.c) below:
a) Project cost which may include cost of land, house/ flat, cost of additional amenities related with said house/ flat, registration charges, stamp duty, property insurance, service tax and other statutory dues, if any, less applicable margin.
b) Permissible EMI/ NMI ratio.
c) Maximum Permissible Loan to Value(LTV) ratio

9.30% - 9.40%

0.25% of loan amount subject to maximum of ₹10,000/-30 years
Car LoanThe age of the applicant should be between 21-65 years.
Category 1(Salaried)
(a):Employees of Central Government, Central Public Sector Undertakings, Defence/Paramilitary Forces, Railway, Public Sector Insurance companies and State Government who have salary package accounts with SBH and minimum 3 months salary have regularly come in these accounts, and for Employees of Public Sector Banks.
Minimum Net Annual Income (NAI) of ₹3 lacs for all, whether or not maintaining Salary Package Account with us.
(b)Other salaries and Pensioners: Minimum Net Annual Income (NAI) of ₹3 lacs for all, whether or not maintaining Salary Package Account with us.
Category 2: Self-employed, Professionals, and Businessmen Minimum Net Profit or Gross Taxable income of ₹4Lakhs
Category 3: Agriculturists Minimum Net Annual Income of applicant and/or co-applicant together to be ₹4 lakhs
Upto ₹10 lacs: 15% on road Price of the Car
Above ₹10 Lacs:
15% Margin on Ex-showroom Price of the car
(OR)
Margin of 20% on Road Price of the car at the option of the customer

9.25%

0.25% of the Loan Amount subject to a minimum of ₹500/- & a maximum of ₹5000/-7 years
Business Loan Any individual / Partnership firm / Company / Society engaged in income generating non farming activities under Manufacturing or
Services segments.
Up to ₹10 lakhs9.95% p.a. Onwards (floating)NAUp to 7 years
Loan Against PropertyMSME Enterprises
Existing Customer already availing credit facilities from us.
ii. New units with marketable assets to offer as security.
iii. Takeover of existing units from other Banks/ FIs with satisfactory track record and satisfying takeover norms. (Credit Information Report to be obtained)
65% realizable value of the Security subject to a maximum of ₹5 crores depending upon category of Enterprise12.20% p.a. onwardsUp to 1% of the loan amountUp to 5 years
Fixed DepositIndividuals
Hindu Undivided Families (HUFs)
Minor represented by parents / guardian
Guardian on behalf of societies, clubs, trusts and associations
Associations
Clubs
Trusts
Sole proprietorship firms
Partnership firms
Limited Companies
₹15 lakhs and above

3.75% - 7.00%

NAUp to 10 years
Education LoanStudent Should be an Indian National.
Secured admission to professional/ technical courses through Entrance Test / Selection process.
Secured admission to foreign University / Institution
For studies in India, maximum ₹10 lakhs
Studies abroad, maximum ₹20 lakhs
9.95% p.a. onwardsNIL upto the loan amount ₹4 lakhs Up to 7 years
Gold LoanAll individuals who are 21 years and aboveMinimum ₹6,00010.50% p.a. onwardsNANA

Documents Required

Below are the list of all the documents according to the product the applicant is applying for.

ProductDocuments
Home Loan Completed loan application
3 Passport size photographs
Proof of identify (photocopies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
Proof of residence (photo copies 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
Personal Assets and Liabilities statement
Car LoanCompleted loan application
3 Passport size photographs
Proof of identify (photocopies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID card)
Income Proof
Margin Payment copy
Processing Fee cheque
Business Loan Completed Education Loan Application Form.
Mark sheets of last qualifying examination
Proof of admission scholarship, studentship etc
Schedule of expenses for the specified course
2 passport size photographs
Borrower’s Bank account statement for the last six months
Income tax assessment order, of last 2 years
Brief statement of assets and liabilities, of the Co-borrower
Proof of Income (i.e. Salary slips/ Form 16 etc)
Loan Against PropertyCompleted loan application
3 Passport size photographs
Proof of identify (photocopies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID card)
Property Documents
Income Proof
Fixed DepositCompleted loan application
3 Passport size photographs
Proof of identify (photocopies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID card)
2 Passport size photos
Education LoanCompleted Education Loan Application Form.
Mark sheets of last qualifying examination
Proof of admission scholarship, studentship etc
Schedule of expenses for the specified course
2 passport size photographs
Borrower’s Bank account statement for the last six months
Income tax assessment order, of last 2 years
Brief statement of assets and liabilities, of the Co-borrower
Proof of Income (i.e. Salary slips/ Form 16 etc)
Gold LoanProof of identity (passport copy/voters id/driving license/pan card)
Address proof ( electricity bill/landline telephone bill/passport copy/shop & establishment certificate/rental agreement/ration card)
2 passport size photograph

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