State Bank of Mysore New Delhi

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About State Bank of Mysore

State Bank of Mysore is one of the leading banks in India with more than 100 years of experience in the banking industry. The bank is also one of the associate banks of State Bank of India and is also an important financial institution when it comes to foreign exchange dealings. The headquarter of the bank is at Bengaluru and has branches in almost all the metro cities of India. Talking about the business generated by the bank, the figures are as high as ₹80,000 crores and the total advances stood at ₹53,584 crores including the export credit of ₹1424 crores.

State Bank of Mysore provides online as well as offline services that are easily accessible without any hassle. Since everything is digitizing now, the bank understands the convenience of the customers and hence the online services are there to help 24X7. With the purpose of providing affordable loans to all and attractive interest rates on investment products, State Bank of Mysore has won the hearts of its customers from the first day itself. In this article, you will get to know the details the New Delhi branch of the bank. So, have a look and apply for the product you have been looking for.

State Bank of Mysore New Delhi Branches

Branch NameComplete AddressIFSCMICRContact Number
Karolbagh62/2191 Gurudwara Road Karol BaghSBMY0040216110006004011-25719353
Connaught Place2 K.G.Marg Anthrix Bhavan New Delhi - 110001SBMY0040278110006002011-23723761
NayabazarNo.4101 - 4157 Nayabazar, New Delhi - 110006SBMY0040321110006005011-23950129
CAB New DelhiDDA Buildings 3, 4 &5 Nehru Place New Delhi - 110006SBMY0040415110006006011-2641823
JanakpuriJanak Cinema Complex New Delhi - 110058SBMY0040434110006003011-25554581
NajafgarhNew Anajmandi Bahadurgarh Road NajafgarhSBMY0040478110006007011-25017202
Service Branch DelhiNew Delhi 110001SBMY0040492110006001011-3341798
Paschim EnclaveNew Delhi - 87SBMY0040506110006008011-5572618
Punjabi BaghBlock I, Sector IV Market, Northwest Avenue, Punjabi Bagh, (West) New Delhi - 110026SBMY0040538110006009011-25223986
IFB New Delhi23/1 Regal Building Connaught Place New Delhi - 110001SBMY0040579110006010011-23347231
Gandhi Nagar DelhiNew Delhi - 110031SBMY0040632110006012011- 2079770
Pitampura, New DelhiVardhman Plaza New Delhi 110034SBMY0040723110006014011-27026607
RohiniA 1 By 20 Sector 14 Prashant Vihar Delhi 110085SBMY0040761110006015011-47527196
DwarkaB - 299 - 300 Sector 7 Dwarka New Delhi 110045SBMY0040767110006016011-25073899
KalkajiK - 135, Kalkaji, New Delhi - 110019SBMY0040798110006017NA
Delhi RegionState Bank Of Mysore, Delhi Region, 101 B, Ist Floor, Apra Plaza, Plot No. 28, Road No. 44, Community Centre, Pitampura, Delhi-110 034SBMY0040601NON-MICR011-27020931
Jasola DelhiNo 93 Pocket 1 Jasola Jasoal Kalindi Kunj Road Delhi 110025SBMY0041036NON-MICR9810984488
Trade Finance CPC New Delhi22, Antriksh Bhavan Connaught Place New Delhi 110001SBMY0040747NON-MICRNA
Nehru PlaceDDA Building No 3 4 5 Nehru PlaceSBMY0041077NON-MICR9910765768

Products Offered by State Bank of Mysore in New Delhi

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 also 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 New Delhi.

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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