State Bank of Patiala Kochi

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About State Bank of Patiala Kochi

The constitution, scope, and operations of State Bank of Patiala started in the year 1917 by the then Maharaja His Highness Bhupinder Singh, erstwhile Patiala with the name Patiala State Bank. It was named as State Bank of Patiala after becoming the subsidiary of SBI. The bank was incorporated with the focus on nurturing the growth of agriculture, trade, and industry. The bank underwent a sea change when it was brought under the control of the Reserve Bank of India. Since its inception, the State Bank of Patiala has extensively been involved in serving a mass clientele both general public and corporates to the fullest.

The bank in the region of Kochi, also known as the Gateway of Kerela emphasizes in creating business and employment opportunities in the leading industries such as ship-building, chemical industry, information technology, manufacturing, import/export, construction, tourism, banking, legal and health services. Backed by the strong financial infusion from State Bank of Patiala Kochi along with other commercial banks, the economy of Kochi estout to seek emerging challenges garnered across all sea-farers, travelers as well as spice-traders. Thanks to the port of Kochi which witnessed the highest number of foreign traders landing on its shores, henceforth creating a space of trade and business in the picturesque town. Moreover, the bank offers plethora of banking products and services in its two broad segments : Personal Banking and Corporate Banking. However, State Bank of Patiala under its discretion offers a bouquet of products  under such segments which includes deposit, loans, mutual funds, life insurance, general insurance, credit cards and much more which can nevertheless subservient to various kinds of needs. The bank also caters to the small and medium enterprises in Kochi in order to promote a decent standard of living.

With an integration of information technology to the financial segment, the bank becomes capable to traverse the breeze of rapid industrialization in the city. Moreover, the several eminent customers from IT industry, financial and biotechnology sector maintain their respective bank accounts also access other banking services such as ATM, internet banking, foreign exchange remittance etc.

Branch Addresses of State Bank of Patiala Kochi

Branch NameComplete AddressIFSCMICRContact Number
Kochi(Ernakulam)
39/4164, 1st Floor, Sheema Buildings, M.G. Rd., Ravipuram, Kochi-682016
STBP0001164682007002484-2356979

Products Offered by State Bank of Patiala Kochi

ProductEligibilityLoan Amount Interest RateProcessing FeeTenure
Home LoanMore 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 above8.65%-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 amountUpto 5 years
Car LoanSalaried :

(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 amountUpto 7 years
Business LoanNew 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 ratesMax. 7 years including moratorium period of 6 months -1 year.
Loan Against PropertyIndividuals 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 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 and limited companiesNIL5.50%-7.00% p.a.NIL7 days to 10 years

Documents Required at State Bank of Patiala Kochi


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 LoanStatement 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 DepositAn 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)

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