State Bank of Hyderabad Bhubaneswar
Last Updated : Feb. 20, 2017, 1:55 p.m.
About State Bank of Hyderabad
State Bank of Hyderabad was the central bank of India that was established in the year 1942 under the Hyderabad State Bank Act, during the reign of the last Nizam of Hyderabad, Mir Osman Ali Khan. After Partition, on 17 September 1948, the Indian Army conducted Operation Polo, which resulted in the annexation of Hyderabad to India. By 1950, this bank has spread its wings and had established around 50 branches including the then Hyderabad State that would later be transformed into other states.
In 1953, State Bank of Hyderabad absorbed the Mercantile Bank of Hyderabad (by merger), which Raja Pannalal Pitti had founded in 1935. In the same year, the bank also started conducting government and Treasury business as the agent for the Reserve Bank of India. Following that, in 1956, Reserve Bank of India took over the bank as its first subsidiary and renamed it State Bank of Hyderabad.
Talking about Bhubaneswar, SBH has spread its wing throughout the city and offers great service to the people as well. In this article, you will get to know the contact details of the bank, the products it offers in Bhubaneswar, eligibility criteria, and documents required to apply for the same.
State Bank of Hyderabad Branches in Bhubaneswar
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Bhubaneswar | Ipicol House, Sahidnagar Bhubaneswar | SBHY0020549 | 751004002 | 6742513011 |
| Bhubaneswar | 217 Budhraja Building, Cuttack Road, Jharapada, Bhubaneshwar - 751006 | SBHY0020724 | 751004003 | 6742575880 |
| Bhubaneswar | Plot No.287, Jagamara, Bhubaneswar - 751009 | SBHY0020725 | 751004004 | 6742470661 |
| Rajmahal Square, Bhubaneswar | Plot No 7, Ashok Nagar Bhubaneswar Orissa 751009 | SBHY0021194 | 751004992 | 6742530007 |
| Chandrasekharpur | Plot No 321 District Center Chandrasekharpur 751016 | SBHY0021187 | NON-MICR | NA |
| Bhola | Plot No 510, 512, Bhola Village Chandaka Post Bhubaneswar Orissa 754012 | SBHY0021853 | 751004009 | 9040077712 |
| Lingipur | Plot No 120/7863 , Near Janani Hospital Lingipur, Sishupalgarh, Bhubaneswar Pin 751002 | SBHY0021889 | 751004007 | 8966000300 |
| Sijua - Bhubaneswar | Doon International School Campus , Near AIIMS , Sijua , Bhubaneswar | SBHY0021887 | 751004008 | 9439009546 |
Products Offered by State Bank of Hyderabad in Bhubaneswar
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 Bhubaneswar 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 Bhubaneswar 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 |