State Bank of Mysore Lucknow

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About State Bank of Mysore

State Bank of Mysore is one with a vision and a mission. The vision is to excel in the banking and finance industry, which is already visible, and a mission to provide the products that you need. What makes the bank unique is that it has been in this field from last more than 100 years and the graph of achievement has gone higher day by day. The bank still continues to be one of the first choices of the customers when it comes to investing their money. State Bank of Mysore started its journey from Bengaluru in the year 1913 and has now widened to more than 1000 branches all over India. In each city, the products and offers are equally good and the employees of the bank make sure that the customers are satisfied.

By focusing on the customer’s needs and affordability, State Bank of Mysore has won the hearts of many. You can know the details of each and every product offered by the bank in the Lucknow city.

State Bank of Mysore Lucknow Branches

Branch NameComplete AddressIFSCMICRContact Number
Vipulkhand, Lucknow 1/49 Gomti Nagar Vipulkhand, Lucknow- 226010SBMY00406512260060020522-2397960
Jankipuram Vistar, Lucknow 7-391 Jankipuram Vistar Opposite Centmarry Inter School Near Bhawani Chauraha, Lucknow-226021SBMY0041141NON-MICR7860033913

Products Offered by State Bank of Mysore in Lucknow

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, State Bank of Mysore 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 Lucknow.

State Bank of Mysore Product Details

ProductEligibilityAmount Interest RateProcessing FeeTenure
Home Loan An 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 lakhs

9.35% - 9.70%

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 lakhs

10.60% - 16.00%

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

9.70%

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 ₹100

3.75% - 7.00%

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 Loan Salaried:
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 Loan ID 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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