Personal Banking- State Bank of Mysore :::

To meet unforeseen expenses, without premature withdrawal of term deposit. Immediate overdraft facility is available

Round the clock for customers of Bangalore city and different parts of the country.

Interest Rates: Schemes and interest rates are subject to changes from time to time

	Loan for purchase of residential site / plot
	Eligibility
	Individuals not above the age of 60 years with a steady source of income

	Purpose
	To purchase site / plot by BDA / Housing Board / District Urban Development Authority / City Improvement Trust Board / Municipal Corporation / State Development Authority, on first sale only

	Loan Amount
	24 times net monthly income / 2 years annual income (subject to production of satisfactory proof) or 80% of the cost of the site whichever is less

	Income of Spouse
	For arriving the quantum of loan, income of the spouse may be considered where the allotment will be in single name and spouse stands as guarantor

Regular income of the borrower from all sources can be considered subject to the satisfactory proof of the income

20% of the cost of site / plot

Medium Term Loan Account

Maximum of 60 months in equated monthly instalments

Floating:
Upto 5 years 5 to 10 years Above 10 to 15 years Above 15 to inclusive of 25 years	10.75% 11.00% 11.25% 11.25%
Fixed:
Upto 5 years 5 to 15 years	13.25% 13.25%

Rs. 500/- flat per account

Equitable Mortgage of the site / plot to be purchased

a) The letter of allotment / agreement for sale from the Housing Board / BDA / District Urban Development Authority / City Improvement Trust Board etc., should be obtained

b) A letter signed by the allottee duly expressing his / her intention to create the Mortgage (equitable / registered) in favour of the Bank to be obtained and forwarded to the allotting agency

c) The said letter should also contain a direction to the allotting agency to hand over the Documents directly to the Bank / Bank's Representative after registration of the property

d) A letter of undertaking to be obtained from the site allottee to the effect that a house will be constructed in due course and the relative site will not be sold on commercial consideration

MYBANK ARAKSHAK

This scheme is introduced to assist the Police Personnel to avail the loan hastle free

All Police Personnels (Permanently employed)

Personal loan for any purpose including purchase of consumer durables

10 times net monthly income with a maximum of Rs.1.50 lac

Spouse income may be considered to arrive at the eligible loan amount provided spouse is also employed (permanent employment) and stands as guarantor

Demand Loan Account

Nil

Maximum of 36 months in equated monthly instalments

15.75 % p.a.

Rs.250/- flat.

Upto Rs.25,000/- Nil
Above Rs.25,000/- check off facility. NSC,LIC policy may be insisted for security wherever possible or third party guarantee of equal means

Loan Recovery through check off facility

MYBANK ADHYAPAK

Permanent Teachers / Non-Teaching Staff of Central / State Govt. Educational Institutions and also Teachers and Non-Teaching Staff of Govt. Recognised Schools / Colleges / Aided Institutions

Personal Loan for any purpose including purchase of consumer durables

10 times net monthly income with a maximum of Rs.1.00 lac

Spouse income may be added to arrive at the eligible loan amount provided spouse is also employed and stands as guarantor.

Demand Loan Account

Nil

Maximum of 36 months in equated monthly instalments

15.75 % p.a.

Rs.250/- flat

Upto Rs.25,000/- Nil (only Check off facility).
Above Rs.25,000/- check off facility. NSC,LIC policy may be insisted for security wherever possible or third party guarantee of equal means

MYBANK UTSAV

a)Employees of State / Central Govt.,/ PSUs / profit making Public / Private Ltd., Companies, Institutions etc., with a minimum of 2 years service.
b)Self employed persons with a minimum 3 years standing / experience.
c)Persons having regular source of income from verifiable channels like Pensions and Interest on TDRs / NSCs / Govt. Securities etc.,

Loan to individuals for meeting expenditure related to Festivals

Net Monthly Income (NMI) of Rs.3000/- & above

Four times the net monthly income with a minimum of Rs.5000/- and a maximum of Rs.50,000/- (Borrowers other than salaried people should produce acceptable proofs with respect to their annual income)

Primary - Nil
Collateral - personal guarantee of the spouse if employed, or any other person of adequate worth where check off facility is not available

Maximum of 12 months through EMIs. No penalty for prepayment

16.25% p.a

Rs.100/- per application

Clean Demand Loan

To the borrowers by credit to their account

Contact your nearest Branch of State Bank of Mysore or

Chief Manager
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.380
91 80 22353467 Fax: 91 80 22283684
Email:cmpsb@sbm.co.in


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