State Bank of Hyderabad Chennai

Banks210 views

About State Bank of Hyderabad

State Bank of Hyderabad was established in the year 1941 with its headquarters in Hyderabad, Telangana. The bank started its journey before Independence and from last 76 years, it has got the appreciation for its tremendous work in the field of banking and financial service industry. State Bank of Hyderabad is one of the five associate banks of State Bank of India and one of the scheduled banks in India as well. Just like any other financial institution, the bank has gone through the ups and downs in its initial days.

If we are to talk about the history of the bank, you must know that in the year 1956, Reserve Bank of India took over the bank as its first subsidiary and gave it the name of State Bank of Hyderabad. Other than this, the bank has seen the trifurcation in the year 1956 and many districts of Hyderabad merged with Maharashtra and Karnataka. Soon after this trifurcation, the branches of Hyderabad State Bank continued to conduct government transactions in their new state as well.

Presently, State Bank of Hyderabad is one of the leading public sector banks in India with a net profit of ₹8.12 billion in its credit. The bank has won the hearts of many by designing its products that sync in with the financial needs and affordability of the customers from all class, caste, and gender. Here in this article, you will get the detailed information about the Chennai branch, the products offered by the bank in the city, their eligibility criteria and the documentation required.

State Bank of Hyderabad Chennai Branch Addresses

Branch NameComplete AddressIFSCMICRContact Number
Chennai45, Second Line Beach Chennai 600001SBHY00202426000040024425331666, 25340403
Chennai714 Anna Salai Pathari Road, Madras, 600006SBHY00202436000040064428524122, 28583011
ChennaiMylapore, ChennaiSBHY00202526000040054424643576, 24616602
ChennaiD.No.102, Usman Road, Tamil Nagar, ChennaiSBHY00202896000040074424346494, 24334206
ChennaiIndiranagar, ChennaiSBHY00202906000040044424413977, 24452102
Chennai6/1, Harrington Road, Chetput Branch, Madras - 600031SBHY00203526000040034428363858, 28363724
Chennai488 - 489, Annasalai Road, Nandanam, Madras, 600035SBHY00206416000040084424349029, 24322611
Chennai37 - B, 1st Floor Whites Road Thousand Lights, Chennai 600001SBHY00207076000040014428592683, 28592684
Chennai123/6B, , Inner Ring Road, Koyambedu, Madras, 600107SBHY00207326000040094424871905, 24874526
Chennai56, Cathedral Road, Chennai 600086SBHY00207416000040104428221559, 25340483
ChennaiInter Church Service Ass, Egmore, Chennai, P.O.Egmore, 600008SBHY00208916000040114428284645
ChennaiValmikinagar, ChennaiSBHY00208926000040124424402389, 24422677
Chennai175, M M Complex, Arcot Road, Chennai 600116SBHY00209346000040134424761555
ChennaiVelacherry, ChennaiSBHY00209466000040144422436585, 22436229
ChennaiC1 - 3, Periyar Vegetable Market, Koyambedu, Chennai 92SBHY0020993600004015044-24796526, 24798277
Oad Ro Chennai1st Floor, 45 Ii Line Beach 600001SBHY0020935600004101044-25345836
Anna NagarP 32 18th Street Anna Nagar Chennai 600040SBHY0021094600004017NA

Products Offered by State Bank of Hyderabad in Chennai

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 Chennai 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 Chennai 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

People Also Look For

Personal Loan Interest Rates August 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.25%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank10.99% - 14.49%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates August 2018
State Bank of India/SBI8.45% - 9.00%
HDFC8.70% - 9.40%
Bank of Baroda8.50% - 9.50%
LIC Housing8.45% - 8.90%
PNB Housing Finance8.99% - 10.75%
ICICI Bank8.55% - 8.80%
Axis Bank8.50% - 8.85%
Citibank8.85% - 9.65%
Indiabulls Housing Finance Limited8.70% - 9.85%
Kotak Bank8.65% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator