State Bank of Hyderabad Mumbai
Last Updated : Feb. 21, 2017, 3:57 p.m.
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 Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Mumbai | No. 11, Mittal Towers, Nariman Point, Mumbai | SBHY0020001 | 400004002 | 2222844096, 22843629 |
| Mumbai | Golden Arrow Apartments, Kurla Kalina Road, Kalina, Mumbai - 400029 | SBHY0020002 | 400004007 | 2226661124, 24561654 |
| Mumbai | Veshmani Market, 1St Floor, 267 - 271, Narshi Natha St. Bhat Bazar, Mumbai - 3 | SBHY0020003 | 400004003 | 2223773862, 23755697 |
| Mumbai | Gavade Building, B Kulkarni Marg, Mulund East, Mumbai | SBHY0020276 | 400004011 | 2221635808, 21636114 |
| Mumbai | Parul Apartments, Opposite Juhu Church, Near Hotet Horizon, Juhu, Mumbai - 400049 | SBHY0020281 | 400004006 | 2226141623, 26149087 |
| Mumbai | 210, Main Road, Sion (East) Mumbai 400022 | SBHY0020313 | 400004004 | 2224094077, 24094456 |
| Mumbai | Shahid Bhagat Singh Road, Ballard Estate, Mumbai 400038 | SBHY0020326 | 400004005 | 22693348 |
| Mumbai | Lil Niwas, Ghatkopar(E), Mumbai - 400028 | SBHY0020336 | 400004012 | 2225106483, 22884482 |
| Mumbai | Shalini Palace, Bhavani Shanker Road, Dadar [W], Mumbai 400028 | SBHY0020377 | 400004010 | 2224305802, 24313881 |
| Mumbai | Opposite Station, S V Road, Andheri W, Mumbai - 400058 | SBHY0020396 | 400004008 | 2226287618, 26706530 |
| Mumbai | 12A, Srikant Hotel, Shanti Palace, 1st Road, Chembur East, Mumbai - 400071 | SBHY0020408 | 400004009 | 2225285364, 25294439 |
| Mumbai | New India Assurance Building, M.G.Road., Fort, Bombay, 400023 | SBHY0020571 | 400004001 | 2222692111 |
| Mumbai | Pushpak Apartment, Malviya Road, Ville Parle [E], Mumbai 400057 | SBHY0020578 | 400004013 | 2226147669, 26186919 |
| Mumbai | New India Assurance Building, 87, M.G. Road, Mumbai 23 | SBHY0020634 | 400004014 | 2222670367 |
| New Bombay | New Administrative Building Opposite Railway Station Navi Mumbai | SBHY0020666 | 400004666 | 2227562120, 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
| 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 |