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State Bank of Mysore Hyderabad

State Bank of Mysore Hyderabad

Last Updated : June 22, 2017, 4:22 p.m.

About State Bank of Mysore

State Bank of Mysore has been growing progressively right from its establishment in the year 1913 and has declared uninterrupted profits from the beginning itself. The bank is popular for its customer-friendly products and is giving competition to other financial institutions. State Bank of Mysore is an associate of State Bank of India since the year 1960. Other than this, the bank is also a major player when it comes to foreign exchange dealings and has recorded a merchant turnover of ₹55,353 crores and a trading turnover of ₹5,67,194 crores during the 9 months ended December 2016. Also, the important thing to note is that the Paid-up capital of the bank as on 31st December 2016 is ₹48 crores of which the SBI holds 90% share.

State Bank of Mysore has a widespread network of more than 1000 branches spread across the nation so as to reach each and every family. This Mysore bank is under the guidance of the Chairman of State Bank of India who is also the Chairman of the bank. Talking about the Hyderabad branch, the services in the city is as good as others. So, have a look at the below details about the branch and the products offered by State Bank of Mysore in the Hyderabad city.

State Bank of Mysore Branches in Hyderabad

Branch NameComplete AddressIFSCMICRContact Number
Secunderabad1 - 7 - 265 - 274 Saragan Road, Secunderabad - 3SBMY0040227500006003040-27840732
ABIDS4 - 14978 ABIDS Road HyderabadSBMY0040293500006002040-23387712
Mahendra HillsBalaramraj Housing SOC Secunderabad - 500026SBMY0040462500006004040-27732472
Banjara Hills, HyderabadPlot No.8A Road No.5 Jubilee Hills Co.Op Scty Banjara Hills Hyderabad - 500033SBMY0040479500006005040-23548559
IFB Hyderabad2nd Floor, Myhomejupally Complex Ameerpet Main Road HyderabadSBMY0040563500006006040-23401909
Service Branch HyderabadHyderabad - 500001SBMY0040570500006001040-3203059
KukatpallyDharmareddy Colony, Hyderabad - 500072SBMY0040647500006007040-23055384
Chaitanyapuri, HyderabadChaitanyapuri Beside Foodworld Hyderabad - 500060SBMY0040648500006008040-24058030
Barkatpura, Hyderabad2 - 1 - 340/16, Near Nallakunta Barkatpura Hyderabad 500027SBMY0040701500006009040-27650371/72
KondapurPlotno.2&3, Whitefields, Kondapur HyderabadSBMY0040704500006010040-40206233
MehdipatnamD No.12 - 2 - 826/A/25, Ground Floor, Bus Depot Road, LIC Colony, Mehdipatnam Hyderabad, A.PSBMY0040771500006012040-23522989
Region III CZRegion III CZ (Hyderabad Region, No. 6-3-865, Iind Floor, My Home. Jupally Complex, Ameerpet, Hyderabad-500016SBMY0040602NON-MICR040-66824971
TFCPC HyderabadMyhome Jupahally Complex Ameerpet Hyderabad 500016SBMY0040757NON-MICRNA

Products Offered by State Bank of Mysore Hyderabad

State Bank of Mysore offers a wide array of products under loan segment as well as investment. The bank offers the following kind of loans: home loans, personal loans, gold loans, education loans, mortgage loans, business loans (Mudra loans), etc. with low-interest rates and higher loan amount facility. Other than this, the bank offers investment products like Fixed Deposits that give people the possibility to earn from their saving itself. So, have a look at the basic details like the eligibility criteria, minimum and maximum amount, interest rate, processing fee, tenure, and documents required for all the products offered by State Bank of Mysore in Hyderabad.

State Bank of Mysore Products & Details

ProductEligibilityAmountInterest RateProcessing FeeTenure
Home LoanAn applicant can apply for a home loan at the bank for the following purposes:
Construction or Purchase of a new house or flat
Repairs / Renovation / Extension of existing house
For purchase of plot for construction of house within two years
For purchase of built houses not more than 15 years old
Housing loan against II charge
For Purchase of Furnishings / Consumer durables as part of the project cost
Above ₹25 lakhs9.15% - 11.30%0.50% Max. of ₹7,500/-Up to 30 years
Personal LoanThe applicant eligible for a personal loan at the bank are as follows:
Individuals, employees of state / central government, Public Sector undertakings, reputed profit making Public limited companies, Multi national companies with a minimum service of two years and drawing a net salary of ₹6,000/- or above.
Up to ₹15 lakhs11.00% - 14.00%1% of the loan amount (one time)Up to 5 years
Car LoanSalaried:
The age of the applicant must be between 21-60 years
The minimum net monthly salary of the applicant should be ₹10,000
The applicant must have the minimum work experience of 2 years with a minimum of 1 year with the current employer
Self-employed:
The age of the applicant must be between 21-70 years
The minimum annual income of the applicant should be ₹1 lakh
Minimum 2-3 years in the same profession
48 times NMI subject to EMI/NMI ratio of 50%
No upper limit
7.20% - 7.90%0.20% of loan amount Minimum ₹500/- Maximum ₹10,000/-Up to 7 years
Business Loan (Mudra Loan)Financial Assistance to a start-up project (first time entrepreneur) with a minimum of one SC/ST and one woman (any category) entrepreneur, per bank branch.
The enterprise may be in the non-farm sector i.e. manufacturing, services or trading sector. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either a member of the SC/ST community or Woman entrepreneur.
Ranging from ₹10 lakhs to ₹1 Crore for Greenfield enterprises (new ventures) by funding up to 75% of the project cost.11.65% + tenor premiumNILUp to 5 years
Loan Against PropertyIndividuals, employees, professionals, self-employed and others who are income tax assessee whose net monthly income is of ₹ 12,000/- for salaried persons or net annual income of ₹1,50,000/- in case of others and self-employed.
Maximum age - 65 years.
₹1.00 lac to ₹ 50.00 lacs11.75%-12.25%1.25% of the loan amount (one time)Up to 7 years
Fixed DepositIndividuals, excluding NRI customersAbove ₹1002.90% - 6.20%NA15 days to 10 years
Education LoanDiploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer Certificate courses of reputed institutes accredited to department of electronics or affiliated to universityUp to ₹40 lakhs11.40%-Completion of course + 1 year or 6 months after getting a job, whichever is earlier
Gold LoanThe age of the applicant should be at least 21 yearsMinimum ₹2500/ for Rural & Semi-urban, ₹5,000/- for Urban & Metro Maximum: ₹10,00,000/-As per bank’s guidelines0.20% With a minimum of ₹500/- and maximum of ₹1000/-(Inclusive of Appraiser charges of ₹50 to ₹300)Up to 30 months

Documents Required

Below are the list of all the documents according to the product the applicant is applying for.

ProductDocuments
Home LoanSalaried:
ID Proof: Passport /Pan Card/ Voter ID Card /Driving License
Address Proof:Passport/Ration Card /Utility Bill
Residence Ownership Proof:Property Documents/Maintenance Bill/Electricity Bill
Income Proof: Latest 3 months Salary Slips and Form 16
Work Experience: Current Employment Certificate /Current Job Appointment letter (if it is more than 2 years) /Experience Certificate (including your previous job certificate or appointment and relieving letter)
Latest 1 year statement where your salary is getting credited
Copy of agreement executed / Sale Deed, Share Certificate, Latest Maintenance Bill, List of documents & sanction letter given by Existing Banker (If Applicable)
Processing Fee Cheque
Investment Proof: Fixed Deposit/Shares/Fixed Assets, etc.
Passport size photos

Self-employed:

ID Proof: Passport /Pan Card/ Voter ID Card /Driving License
Address Proof: Passport/Ration Card /Utility Bill
Residence Ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.
Business Existence Proof: 3 years old Saral Copy /Shop Establishment Act /Any Tax Registration Copy /Company Registration license
Latest 1 year bank statement both current and savings
Copy of agreement executed / Sale Deed, Share Certificate, Latest Maintenance Bill, List of documents & sanction letter given by Existing Banker (If Applicable)
Processing Fee
Investment Proof: Fixed Deposit/Shares/Fixed Assets, etc.
Passport size photos
Personal LoanSalaried:
Loan Application Form
2 Passport size photos
Salary Slips for last 3 months
Identity Proof PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
Residence Proof (Driving License/Voter ID Card/Adhaar card, etc.)
Last 3 months Bank Statements
Employment Proof
Signature Proof
Self-employed:
Loan Application Form
2 Passport size photos
Identity Proof PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
Office Residence Proof
Income Proof: Audited financials for the last 2 years
Last 6 months Bank Statements
Employment Proof
Signature Proof
Car LoanSalaried:
Age & Identity Proof: Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
Income Proof: Form 16 for last 2 years, Latest Salary Slip, 6-month bank statement
Residence Proof: Latest Telephone Bill/ Electricity Bill/Property Tax Receipt/Passport/ Voter ID
Signature Verification proof: Passport copy/PAN Card
Passport size photos
Loan application form
Passport size photos

Self-employed:
Age & identity Proof: Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
Income Proof: IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years, Shop & establishment act certificate / sales tax certificate / SSI registered certificate / copy of partnership
Residence Proof: Latest Telephone Bill/ Electricity Bill/Property Tax Receipt/Passport/ Voter ID
Signature Verification Proof: Passport copy/PAN Card
Processing fee cheque
Loan application form
Passport size photos
Business LoanID Proof: Passport/Voter ID Card/Driving License/Aadhaar Card/NREGA Card/PAN Card
Address Proof: Passport/Voter ID Card/Driving License/Aadhaar Card/NREGA Card/
Income Tax Returns receipts of the last two years
Latest 6 months bank statements
Banking and Loan payment history
Profit & Loss Statements of the last two years
Latest Balance Sheet
Loan Against PropertyLoan application form
2 Passport size photographs
Income proof
Income Tax Assessment Order/IT Returns
Salary slip of last 2 years (for salaried individuals)
Approved plan of buying property
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
Education LoanLetter of admission
Duly filled and signed loan application form
2 recent passport size photographs
Statement of cost of study
PAN Card, AADHAR card of student and parent/guardian
Proof of identity and proof of residence
IT returns or IT assessment order of previous two years of the co-borrower
Statement of assets and liabilities of parent/guardian
Proof of income of parent/guardian
Gold LoanPhoto ID
KYC proof

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