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About State Bank of Patiala
Branch Addresses of State Bank of Patiala Hyderabad
Products Offered by State Bank of Patiala Hyderabad
Documents Required at State Bank of Patiala Hyderabad
State Bank of Patiala Hyderabad
Last Updated : Feb. 7, 2017, 9:50 a.m.
About State Bank of Patiala
State bank of Patiala is a public sector bank associated with the State Bank Group. The bank provides a couple of banking products and services such as loans, investments, and savings. As of now, State Bank of Patiala Hyderabad remains a financial boon to the city for its contribution to the emergence of pharmaceutical and biotechnology industries in the 1990's allowing the area to be named as India's “Genome Valley”. With an output of US $ 74 billion, Hyderabad becomes the fifth-largest contributor to the India's overall Gross Domestic Product, thanks to the financial boost from State Bank of Patiala and other commercial banks.
State Bank of Patiala offers a various range of services to the customers through the introduction of internet banking wherein the customers get the provision to access online banking facility within the comfort of their houses.
State Bank of Patiala over a period of time becomes a threshold for the growth of the financial services sector in Hyderabad, leading to the evolvement of the city from a traditional manufacturing city to a cosmopolitan industrial service centre. Moreover, the bank also offers NRI services such as savings account, current account, fixed deposits, and recurring deposits under various types of accounts.
Branch Addresses of State Bank of Patiala Hyderabad
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Hyderabad (Madhapur) (Per. Bkg.) | 1-99/ 14 Main Road Madhapur, Hyderabad | STBP0000924 | 500007004 | 40-23111471 |
| Hyderabad Kothapet Cross Road | Plot No. 80,81,90,91, Kausthub Towers, Cto Colony, Kothapet Hyderabad-500035 | STBP0001160 | 500007006 | 40-24145192 |
| MCG-Hyderabad | G.Pulla Ready Bldg,Abid Circle,P.B.No.229,Hyderabad,500001 | STBP0000273 | 500007002 | 40-23201125 |
Products Offered by State Bank of Patiala Hyderabad
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | More than 21 years of age and less than 70 years of age at the time of loan maturity(5 years age relaxation for pensioner’s i.e. loan fully repaid before age of 75 years) | Loans upto and including ₹ 75 lakhs and above | 8.65%-9.05% p.a.(floating) | 0.35% of the Loan amount plus applicable Service tax (with a minimum of Rs.2000/- plus applicable service tax and maximum of Rs.10000/- plus applicable service tax) | Upto 30 years |
| Personal Loan | (1) Salaried, self-employed individual is eligible to apply (2) Age limit should be more than 21 years and less than 70 years at the time of loan maturity | Minimum – ₹ 1 lac Maximum – ₹ 10 lacs | 11.95%-13.95% p.a. | 1.01% of the Loan amount | Upto 5 years |
| Car Loan | Salaried : (i) Net annual income ₹ 3,00,000 and above (ii) Net monthly income should be at least 2 times of EMI Self Employed and Professionals: Net annual income ₹ 4,00,000 and above for the last year as per Income Tax Return. Persons engaged in agriculture and allied activities: Net annual income ₹ .4,00,000 and above. | No limit for Term Loan Overdraft : ₹ 3 lakhs | New Vehicle(General and Agri) Term Loan-9.35% p.a. Car Used Vehicle -8.30% | 0.50% of the loan amount | Upto 7 years |
| Business Loan | New entrepreneurs wishing to start their own business. New and existing Micro and Small Enterprises engaged in Manufacturing and Service sector. But retail or wholesale trade, educational institutions, training institutions and SHGs are not eligible. | Maximum upto ₹ 100 lakhs. | Vayvasai Suvidha: 16.70% p.a Micro & Small Enterprises Loan: 9.20%-15.70% | Processing and service charges will be 50% of the normal rates | Max. 7 years including moratorium period of 6 months -1 year. |
| Loan Against Property | Individuals who are : a) employees b) engaged in agriculture and allied activities. Maximum age limit: 60 years. | Minimum : ₹ 5 lakhs & Maximum ₹ 1 crore | 14.95% | 2.02% of the limit sanctioned (upfront) maximum Rs. 50,933/- | 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 and limited companies | NIL | 5.50%-7.00% p.a. | NIL | 7 days to 10 years |
Documents Required at State Bank of Patiala Hyderabad
Products | Documents |
|---|---|
| Home Loan | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years Bank Account Statement for the Last 6 Months Track record of existing loans, if any Details of property you look to buy & construct |
| Personal Loan | Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport Address Proof- Utility bill/Passport/Aadhar card/Voter ID Income Proof- Latest Salary Slip/ ITR/Form-16 Other Income Proof for Salaried Individual Letter of Authority from Employee authorizing the employer to deduct monthly installment out of salary for remitting to bank and Letter of Undertaking from the employer for check off facility OR Letter of Authority from employee/ applicant authorsing the Bank to deduct the loan instalment out of the salary routed through branch. Other Income Proof for self-employed professionals IT returns for the last two financial years. Proof of professional qualification (Copy of highest professional degree held). Proof of office/commercial address. Bank Statement- Last 3-6 Month Bank Statement |
| Car Loan | Statement of Bank account for last 6 months of the borrower. Two passport sized photographs of borrower/guarantor(s) Signature identification from Banker of borrower/guarantor. A copy of passport/voter ID card/PAN ID card. Proof of residence. Latest salary slip showing all deductions and TDS certificate – form 16 in case of salaried persons. Copy of income tax return for last two financial years duly acknowledged by ITO for professionals, self employed and others. Proof of official address for non- salaried individuals |
| Business Loan | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 2Years for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/Memorandum of Association (MOA and Articles of Association (AOA) or other documents. These documents apply in the case of partnership firm or a company |
| Loan Against Property | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Employment details for the last 3 years, in case the applicant has not been earlier in the present organization. Bank Account Statement for the Last 6 Months copy of income tax return for last 2 financial years duly acknowledged by ITO, for other than salaried persons. Track record of existing loans, if any Details of property to be mortgaged |
| Fixed Deposit | An Individual, Hindu Undivided Family, Sole Proprietorship Concern ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque A photograph Trusts Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account Photographs of the members operating the account Associations/Clubs By-laws of the Association Copy of the Resolution by the board authorizing the members concerned to open and operate the account Photographs of the members operating the account Partnership Firm Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account Public or Private Limited Companies Board Resolution / Authority Letter Memorandum & Articles of Association Certificate of Incorporation Certificate of Commencement of Business (Public Limited Company) Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC Governing Act / Rules and Regulations(PSUs) (certified true copy) |