State Bank of Hyderabad Mumbai

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About State Bank of Hyderabad

Since 1941, State Bank of Hyderabad has been in the field of banking and financial services in India. The bank is one of the five associate banks of India’s largest bank-State Bank of India and also one of the scheduled banks in India. From last 76 years, the bank has been the institution that has inspired others with its appreciating approach towards the customers. The bank understands what a people needs when he comes to a bank with his hard earned cash and a hope in their eyes. State Bank of Hyderabad started its journey from Hyderabad but has now reached the hearts of its investors from India as well the others.

State Bank of Hyderabad has got its final name in the year 1956 when Reserve Bank of India made it its first subsidiary and renamed it State Bank of Hyderabad. This year holds a significance in the history of Hyderabad as well. In the same year, Hyderabad had gone through trifurcation after which many of its districts merged with Karnataka and Maharashtra. Even since then, SBH has been working with the making of history but now in terms of success. Having said that, as per the data of the year 2015, the bank has made the business of more than ₹2.4 trillion with a net profit of ₹8.12 billion. Coming to the Mumbai branch of the bank, the details of the branch and the eligibility and other important details of the products are given in this article, so have a look.

Branch Addresses of State Bank of Hyderabad in Mumbai

Branch NameComplete AddressIFSCMICRContact Number
MumbaiNo. 11, Mittal Towers, Nariman Point, MumbaiSBHY00200014000040022222844096, 22843629
MumbaiGolden Arrow Apartments, Kurla Kalina Road, Kalina, Mumbai - 400029SBHY00200024000040072226661124, 24561654
MumbaiVeshmani Market, 1St Floor, 267 - 271, Narshi Natha St. Bhat Bazar, Mumbai - 3SBHY00200034000040032223773862, 23755697
MumbaiGavade Building, B Kulkarni Marg, Mulund East, MumbaiSBHY00202764000040112221635808, 21636114
MumbaiParul Apartments, Opposite Juhu Church, Near Hotet Horizon, Juhu, Mumbai - 400049SBHY00202814000040062226141623, 26149087
Mumbai210, Main Road, Sion (East) Mumbai 400022SBHY00203134000040042224094077, 24094456
MumbaiShahid Bhagat Singh Road, Ballard Estate, Mumbai 400038SBHY002032640000400522693348
MumbaiLil Niwas, Ghatkopar(E), Mumbai - 400028SBHY00203364000040122225106483, 22884482
MumbaiShalini Palace, Bhavani Shanker Road, Dadar [W], Mumbai 400028SBHY00203774000040102224305802, 24313881
MumbaiOpposite Station, S V Road, Andheri W, Mumbai - 400058SBHY00203964000040082226287618, 26706530
Mumbai12A, Srikant Hotel, Shanti Palace, 1st Road, Chembur East, Mumbai - 400071SBHY00204084000040092225285364, 25294439
MumbaiNew India Assurance Building, M.G.Road., Fort, Bombay, 400023SBHY00205714000040012222692111
MumbaiPushpak Apartment, Malviya Road, Ville Parle [E], Mumbai 400057SBHY00205784000040132226147669, 26186919
MumbaiNew India Assurance Building, 87, M.G. Road, Mumbai 23SBHY00206344000040142222670367
New BombayNew Administrative Building Opposite Railway Station Navi MumbaiSBHY00206664000046662227562120, 25232776

Products Offered by State Bank of Hyderabad in Mumbai

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! Here is the eligibility criteria, amount, interest rate, processing fee, tenure and other important information in the city of Maharashtra-Mumbai. So, have a look at the below details and apply for the product that suits your purpose.

Product Details of State Bank of Hyderabad in Mumbai

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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