Top Banks 2024
State Bank of Hyderabad Bengaluru
Last Updated : June 19, 2017, 1:20 p.m.
About State Bank of Hyderabad
State Bank of Hyderabad is one of the leading public sector banks in India with its headquarters in Hyderabad, Telangana. The bank is one of the five associate banks in India and also one of the scheduled banks in India. SBH offers products under the following categories: Personal Banking Schemes, Corporate Banking, SME Banking Schemes, FOREX, Mobile Banking, Internet Banking, Credit Cards, and Insurance.
State Bank of Hyderabad was established on 8 August 1941 and the central bank of erstwhile Nizam state under the name Hyderabad State Bank. The bank has always believed in delivering customer-friendly services by keeping in mind the financial needs of the customers. It has hence designed it loans as well as investment products according to the affordability of the people. Some of the most demanding products of the bank are home loans, business loans, education loans, mortgage loans, and gold loans, etc. In this article, you will get to know about the products offered by the bank in Bengaluru.
State Bank of Hyderabad Branches in Bengaluru
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Bangalore | 11/90, J.C.Road Bangalore 560002 | SBHY0020202 | 560004002 | 8022238754 |
| Bangalore | Austin Town, Bangalore, 560047 | SBHY0020280 | 560004003 | 8025576713 |
| Bangalore | 3rd Block, Rajajinagar, Bangalore 560010 | SBHY0020348 | 560004004 | 8023402962 |
| Bangalore | 568, 11th main, 38th Cross Road, V Block Jayanagar, Bangalore, 560041 | SBHY0020633 | 560004005 | 8026656110 |
| Bangalore | Door No.262/1, Nagavarapallya, Bangalore | SBHY0020729 | 560004006 | 8025242593 |
| Bangalore | 1st Floor, Sheriff House, No.85, Richmond Road, Bangalore 560025 | SBHY0020743 | 560004007 | NA |
| Bangalore | Dr No 11 - 90 1S=st Floor, J C Road, Bangalore | SBHY0020804 | 560004001 | 8022244997, 22247052 |
| Bangalore | No.303, I Stage, A - 100 Ft Road, Indiranagar, Bangalore | SBHY0020842 | 560004008 | 8025286170 |
| Bangalore | No.448, 2nd Cross, 6th Main, P.O.Basaveshwarnagar, Bangalore 560079 | SBHY0020849 | 560004009 | 8023237598 |
| Bangalore | No.18/35, Subbanna Chetty Road, Basavangudi, Bangalore - 560004 | SBHY0020851 | 560004010 | 8026500605 |
| Bangalore | 1, Victor Mansion, Kodihalli, Airport Road, Bangalore, 560008 | SBHY0020852 | 560004012 | 8025271507 |
| Bangalore | Trishul Arcade, 2934/2935 - E, Vijayanagar Club Road, Bangalore, 560040 | SBHY0020859 | 560004011 | 8023308946 |
| Bangalore | No.1 Floor - 1, Cross - 7 West Park Road, Malleswaram, Bangalore, 560003 | SBHY0020875 | 560004013 | 8023461372 |
| Bangalore | 72/1B, K.H.Plaza, Jaragunhalli, J.P.Nagar, Phase Vi, Bangalore | SBHY0020979 | 560004014 | 8026531333 |
Products Offered by State Bank of Hyderabad in Bengaluru
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 Bengaluru 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 Bengaluru Products Details
| Product | Eligibility | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| 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 | 9.15% - 11.30% | 0.25% of loan amount subject to maximum of ₹10,000/- | 30 years |
| Car Loan | The 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 | 7.20% - 7.90% | 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 lakhs | 9.95% p.a. Onwards (floating) | NA | Up to 7 years |
| Loan Against Property | MSME 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 Enterprise | 12.20% p.a. onwards | Up to 1% of the loan amount | Up to 5 years |
| Fixed Deposit | Individuals 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 | 2.90% - 6.20% | NA | Up to 10 years |
| Education Loan | Student 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. onwards | NIL upto the loan amount ₹4 lakhs | Up to 7 years |
| Gold Loan | All individuals who are 21 years and above | Minimum ₹6,000 | 10.50% p.a. onwards | NA | NA |
Documents Required
Below are the list of all the documents according to the product the applicant is applying for.
| Product | Documents |
|---|---|
| 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 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) 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 Property | 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) Property Documents Income Proof |
| Fixed Deposit | 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) 2 Passport size photos |
| Education 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) |
| Gold Loan | Proof 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 |