LOAN SBPP

LOANS IN SBPP

ORGENISATION STRUCTURE OF LOAN DEPARTMENT

Organization Structure of Loan Department

Board of Directors

General Manager

1 Assistant General Manager

2 Executive Officers

Head of App. Receive Department

Head of Department Head Recovery Department

5 Officers 1 Ass.Acc 5 Officers 1 Ass.Acc 5 Officers 1 Ass.Acc

1 Clerk 1 Clerk 1 Clerk 1 Clerk 1 Clerk 1 Clerk

Loan Procedure in

If rejected

If accepted

1. Submission of the application form

2. Primary Assessment

3. Appraisal of application

4. Branch Heads Recommendation

5. Final Assessment

Send to corporate office

6b. Rejected application is send back to the applicant

6a. Decision of the lending committee

7. Executive given by the board

8. Completion of the formalities

9. Disbursement of loan

I. The main and the first step is the submission of the duty filled from

or the loan application it is the choice of customer that which type of

application he wants to give depending upon the needs.

For Example: car loans education loan in the case of advances

payments of the fees particular fees is also required to be paid.

II. Now the primary assessment is to be done. Here the financial details

of the application.

Example: pan number etc. the income proof is checked that is the

salary slip (salaried application), P & L A/c, Balance Sheet and IIR

(self employed) after primary assessment one come to know about

the details of the application his genuine, his repayment capacity his

purpose for loan etc.

III. The appraisal is moving one step ahead that is to analysis the

applicants eligibility as per the norms provided by the considering

his gross income after deducting his liabilities, his actual repayment

capacity is checked as per norms.

IV. After referring the application form an appraisal branch head put his

recommendation whether to accept the application or not and send it

the corporate office.

V. At the corporate office the final assessment is to be done and

decision is taken to reject the application repay is forwarded to the

particular branch from where the application has been received.

VI. The branches have the power to take the major decision on the

sanctioning of the loan.

VII. After the full completion the disbursement of the loan in the hands

of the head office.

VIII. If the application is accepted then the other formalities are

completed.

Example: The submissions of the other necessary documents,

payments of the other charges, payment of the margin money, post

datedcheques are also deposited.

SOME IMPORTANT ASPECTS OF LOAN

PROCEDURE:

Bank gives a permission to branch only to give F.D. agits-loan.

If the amount up to 500000 then it is necessary to have signature of

Executive and Director General Manager.

If the amount above 500000 then it is necessary to have signature of

Executive and Director General Manager.

In mortgage loan up to 100000 it is necessary to have the signature of

Executive and Director General Manager and General Manager.

* If General Manger is not present then Assistant General Manager and

Director General Manager signature can consider.

TYPES OF LOAN PROVIDED AT SBPPCB

Home Loan

Home loan is for purchase/construction of flat/bungalow/house. Our housing

loan is available on competitive interest. This home loan is available for 5 to

15 year. So, as your convenience you can select your home loan period and

also you can plan for easy installment.

Purpose:

Purchase/Construction of property.

Extend/Renovate/Repair of house or flat owned by yourself.

Take – over existing housing loan.

Features:

Long term housing loan (5 to 15 years)

Margin 20%

Easy Process

Interest charged on actual reducing balance

No Hidden charges

Nominal Processing charges

No Prepayment Penalty

Interest will be charged on daily product bases.

Margins:

20% Margin for Home Loan

Interest Rates as implemented on : 5/16/2008

Period Interest Rates (in %)

Up to 5 years 10.5

Up to 10 years 11

Up to 15 years 11.5

Eligibility:

You must be at least 21 years of age when the loan is sanctioned.

Repayment:

Repayment in easy installments spread up to 15 years. (based on your age

and repaying capacity). You may pay more than your stipulated monthly

installment at any date within a month, depending upon availability of funds

with you. This would enable you to pay off your loan faster and reduce your

interest burden. No Prepayment Penalty.

Takeover of Loan

If you have already taken a housing loan from any other bank/financial

institution and want to avail of the benefit of our low rates of interest, we

can take over the loan you have availed from other financial institute.

Documentation:

1. Required Documents for Assets

For Purchase

Allotment Letter

Other proof for purchase/construction

For Construction

Approved Plan, Approval Letter, Construction Estimate,

Necessary proof of Assets

2. Income Proof

If the applicant’s has his own business then

Last three years IT Returns, Profit & Loss Ledger, Balance

Sheet, Property Ledger.

Copy of Computation of income tax, Tax acknowledgement

and Assessment order. (If you are eligible for income tax)

For Employee

Last Pay-Slip/ Salary Certificate/Copy of form no. 16.

Copy of salary Certificate of whole year.

(From 1.4. ______ to 31.3. ______ )

If P.P.F. is deducting from your salary then copy of that also.

3. Business Proof

Registration of business certificate (Gumasta Dhara License)/ or copy

of Sales tax no.

4. Residence Proof

Copy of City Survey or Tax bill of your existing house/Rent

Receipt/Ration Card/Driving License.

5. Addition information required for guarantee

Details of L.I.C. Policy with receipt.

N.S.C./K.V.P./Term Deposits of our Bank.

6. Information of Bank Account

Bank Statement of last 6 months or passbook which should have

record of last six months.

7. One Guarantor

Guarantor assets proof, Copy of city survey or Share certificate, copy

of 7/12, Tax-bill and receipt.

Income proof.

The following other documents are needed for Title Investigation.

a) Duly stamped Agreement for sale with builder/society in case of first

sale.

b) Duly stamped Agreement for resale with the present owner including

all previous Intervening Agreement.

c) Conveyance Deed in favor of builder/society (in case of builder, if

there is no conveyance, then Agreement to sell land and development

Agreement).

d) Transfer form executed by the present owner in case of society.

e) Receipt of Registration fees (filling fees) issued by the Sub-Registrar

of Assurances in respect of Agreement for Sale/Re-sale/Conveyance

Deed.

i) N.O.C. from the builder for the proposed mortgage.

OR

ii) N.O.C. from the society for the proposed mortgage.

f) Commencement Certificate/Development permission granted by the

competent Authority (viz. Municipal Corporation/ Gram Panchayat as

the case may be of the concerned area) for constructing the building.

g) Approved building plan (approved by the Competent authority),

Municipal concerned area.

h) Occupation/Completion Certificate granted by the Competent

authority (viz. Municipal Corporation/ Council or Gram Panchayat as

the case may be, of the concerned area) in respect of the building.

i) Title Report/ Certificate from the Solicitor/ Advocate of the builders/

sellers regarding the said property.

j) Valuation report from approved valuer.

Share Certificate in the name of (applicant) issued by the Co-

operative Hsg. Society (after the applicant becomes member)

Letter of possession.

Original receipt of payment

Any other document/certificates needed as per requirement.

2. Personal Loan

This loan is for personal purpose e.g. family holiday tour, medical

treatement, education expenses, marriage etc. Repayment tenures are up

to 60 months.

Purpose:

Any personal use

Business use.

Features:

Loans available for 60 Months.

Easy Process

Interest charge on actual reducing balance

No Hidden Charges

Nominal Processing Charge


Interest will be charges on daily product bases.

Eligibility:


Interest Rates as implemented on 1/1/2006 ; 12.00%

Repayment

Repayment in easy installments spread up to 60 months. You may prepay at

will with no penalty, or pay more than your stipulated monthly installment at

any time, depending upon availability of funds with you. This would enable

you to pay off your loan faster and reduce your interest burden. There is No

Prepayment Penalty in home loan.

Documentation:

Latest 3 months Bank Statement (where salary/income is credited)

Latest 2 salary slips

Last 2 years ITR with computation of income/ Certified Financials

Proof of turnover (Latest Sales / Service tax returns)

Proof of Continuity current job (Form 16 / Company appointment

letter)

Proof of Continuity current profession (IT Returns/ Certificate of

business continuity issued by the bank)

Proof of Identity (any one) Passport / Driving License / Voters ID /

PAN card / Photo Credit Card / Employee ID Card

Proof of Residence (any one) Lease deed/ Utility bill / Municipal Tax

Receipt / title deed.

Proof of Qualification Highest Degree (for Professionals / Govt.

employees)

3. Loan for Self Employed and Professionals

This loan is for those who are self employed and professionals, like Doctor, Lawyer, Teacher, Chartered Accountant. This loan is available for 12 month to 60 months with competitive interest rates.

Purpose:

For Equipments, Furniture & Business Property.

Features:

Loans available for 12-60 months.

Margin 20%

Easy Process


No Hidden charges




Special Scheme for Doctors 100% finance for vehicle/equipments.

Eligibility:

1. Professionals

2. Self employed

Margins:

20 % Margin for personal loan for business purpose

Interest Rates as implemented on : 1/1/2006

10.50 % Interest yearly

Repayment

Repayment in easy installments spread up to 12 to 60 months. You may

prepay at will with no penalty, or pay more than your stipulated

monthly installment at any time, depending upon availability of funds

with you. This would enable you to pay off your loan faster and reduce

your interest burden. No Prepayment Penalty.

Documentation:










Proof of Qualification (for Professionals / Govt. employees)

4. Business or Industrial Loan

This loan is for Business man and industrialist who are planning for new

plant machinery, fixed assets or else they want to upgrade their old

machinery. Even they can take loan for cash credit, overdraft, working

capital term loan, cash purchase cum credit sales, bills discount against L.C.,

etc.

Purpose:

Purpose for business and industries (for plant machinery, fixed assets,

cash credit, overdraft, working capital term loan, cash purchase cum

credit sales, bills discount against L.C., bills discount.

Features:

Finance for total project

Finance for machinery, stock

Quick Response.

Loans available for 3 years and more.

Margin 20%

Easy and Simple Process


No Hidden Charges




Margins: 20% Margin for Personal Loan

MPBF – Maximum Permitable Bank Finance

Repayment

Repayment in easy installments spread up to 3 year to more than 5 years

also. You may prepay at will with no penalty, or pay more than your

stipulated monthly installment at any time, depending upon availability of

funds with you. This would enable you to pay off your loan faster and

reduce your interest burden. No Prepayment Penalty.

Takeover of loan

If you have already taken a business loan from any other bank/financial


can take over the loan you have availed from them.

Documentation:










Proof of Office (any one) Lease deed/ Utility bill / Municipal Tax


Proof of Qualification Degree (for Professionals / Govt. employees)

5. Consumer Loan

Consumer loan is for purchase all consumer items. This loan is available for

anyone (like businessman, employed, self employed, Profession).

Purpose:

Purpose for any consumer item.

(TV, Washing Machine, Refrigerator, AC. Etc.)

Features:

Long term loan up to 60 months (5 years)

Easy Process


No Hidden Charges for administrative work.




Eligibility:

1. Salaried Individuals

2. Professionals

3. Self Employed Individuals

4. Businessman

Margins:

30 % Margin

Interest Rates & Installments as implemented on 1/1/2006

Consumer Loan Interest Rates

Interest of Consumer Loan 13.00 %

Repayment

Repayment in easy installments spread up to 5 years, based on your age and

capacity. You may prepay at will with no penalty, or pay more than your




Documentation:



Proof of Continuity current business or industries (IT Returns/

Certificate of business continuity issued by the bank)





Quotation.

6. Vehicle Loan

We are giving two kinds of vehicle loan.

1. For Personal Vehicle (Two Wheeler / Car Loan)

Vehicle Loan is available for purchase two wheeler (like scooter, bike, ..) or

four wheeler. Bank offer convenient installment and competitive interest

rates on vehicle loan.

2. For Commercial Loan – Vehicle using for commercial purpose.

Purpose:

Personal vehicle (two wheeler/ car loan)

Commercial vehicle

Features:

Long term loan up to 60 months (5 years)

Easy Process

Interest on actual reducing balance





Eligibility


2. Professionals


4. Businessman

Margins:

20 % Margin For Vehicle Loan


Detail Interest

Rates

Limit in

Lac

Margin

Interest of Consumer Loan 12.00 % 15 20 %

Repayment






Takeover of loan

If you have already taken a business loan from any other bank/financial



Documentation:











Quotation from dealer.

7. Education Loan

To provide financial assistance by way of loans to the meritorious students

in order to encourage them to start the full time Graduate/ Post Graduate

professional course in private professional colleges and universities for

developing the technical skills in various disciplines viz. medical,

engineering, management, computer science etc.

Purpose:

Further Education. (for books, necessary equipments, stationery, fees,

hostel fees, college fees, etc.)

Features:

Long term loan up to 2 years

Easy process

Interest charge on actual reducing balances




Eligibility Criteria:

Students should have consistently good academic record.

Students should have secured admission in College/ University

against merit or payment seat.

The college must be affiliated to the university or Institute having

Central / State government recognition.

The course must be recognized by the concerned government body.

Computer course with placement assurance by the

company/institute/agency.

Amount of Loan:

Cost of education will cover following expenses for the whole duration of

course.

Tuition fees

Examination fees

Cost of books, stationery, necessary equipments,

Hostel fees – including lodging & boarding.

However, maximum loan can be for study in India and for study in abroad.

Loan will be disbursed directly to the college/institute concerned only.

The loan will be released every year on the production of proof of

continuing education.

Margins:

10% to 20% depending on merit of the case.

Interest Rates implemented as on 12/12/2007

Period Interest Rates (in %)

Education Loan 10.5

Repayment

Repayment of loan will commence after 6 months of completion of

the course. OR

After 6 months of employment whichever is earlier.

However, the feasibility of repayment of the loan by father/natural guardian

during the period of loan should be explored.

Monthly interest must be paid by parent/guardian positively.

Security:

Property / liquid security.

8. Loan against Shares

(Joint Stock Company in Demat Form):

This loan can be use for any purpose. If you have shares of joint stock

company then you can also take a loan against that. Loan amount can

determined on the basis of the valuation of share pledge by you. This is for if

you have shares of joint stock company and that you don’t want to sell it, in

that case bank can give you a loan against this security.

Purpose:

For any purpose.

Features:

Instant loan against shares (joint stock company)

Low interest rates

Long term loan up to 60 months ( 5 years)

Easy Process


No Hidden Charges for administrative work

Nominal processing charge

ATM service


Eligibility:

You must be share holder of joint stock company.


The loan must terminate before or when you turn 65 years of age or

before retirement, whichever is earlier.

You must be businessman or employed or self-employed or

profession with a regular source of income.


2. Professionals


Margins:

50% Margin for Dematted Shares


Detail Interest Rates Limit Margin

Interest of loan

against Shares (Joint

Stock company)

12.50% 10 50%

Repayment





reduce your interest burden. There is No Prepayment Penalty in home loan.

Documentation:

Copy of Share (Joint Stock Company held in dematted form of

approved)













employees)

9. Loan against N.S.C./K.V.P./Gov. Security/ L.I.C. Policy

This loan can be for any purpose but it is against N.S.C., K.V.P., or if you

have any government security or L.I.C. Policy. Using this you can have

instant finance with out breaking your any security. All you have to do is

pledge your N.S.C./K.V.P./Government Security or L.I.C. policy and then

we will grant you a loan up to a value determined on the basis of the

securities pledge by you.

Purpose:

PurposeFor any purpose.

Features:


Easy Process





Eligibility:


2. Professionals


Margins:

35% Margin


Detail Interest

Rates

Limit in Lack Margin

Interest of loan against

(N.S.C./K.V.P./Gov.

Security/L.I.C. Policy)

21% 10 35%

Repayment





reduce your interest burden. There is No Prepayment Penalty in home loan.

Takeover of loan

If you have already taken any other loan from any other bank/financial



Documentation:

Documents of N.S.C./K.V.P./Government Security or L.I.C. Policy.













employees)

10. Mortgage Loan

This loan available for anyone (like businessman, employed, self employed,

Profession), but they should have their own property to mortgage, like flat,

house, factory, office, gold etc.

You can take this loan for any reason like marriage, well-deserved holiday,

medical emergency. In all this case you have property but you would rather

not have to sell it, for that we will keep your property, we make valuation of

your property and on that bases we give you loan. Loan amount is depending

on valuation of your property.

Purpose:

PurposeFor any reason.

Features:


Easy process.


Rebate on interest as per rules




Eligibility:


2. Professionals


Margins:

20% Margin


Details Interest Rates

Interest of Mortgage Loan 10.50%

Repayment





reduce your interest burden. There is No Prepayment Penalty in

Mortgageloan.

Takeover of loan:

If you have already taken a mortgage loan from any other bank/financial



Documentation:

Proof of ownership

Ownership paper of property.













employees)

11. Technology Up gradation Fund:

This loan is for technology up gradation for your business. This loan

will help you in your business to make your good reputation in market.

This loan will give you opportunity for modernization of machinery, for

reduction in cost of production, improvement in quality, meeting

challenges of global competition. There is special scheme for textile

industry. You will get rebate on regular payments. In this loan Govt. of

India gives you 5% interest subsidy also.

Purpose:

For Technology upgradation.

Features:

Special scheme for textile industry.

Loan benefit for 5 year only from 1999.

Rebate on regular payments.

Quick response.

5% Govt. of India Interest Subsidy.

Margin 10%.

Cheaper than cheapest interest rate.

Easy and simple process.






No security, collateral or Guarantors required.

Eligibility:


The loan must terminate before or when you turn 65 years of age or before

retirement, whichever is earlier.

Any individual in the age group of 21-60 involved in the business for at least

3 years.

Margins:

10% Margin for Technology Up gradation Loan



Interest on Technology Up gradation Fund

(Present Interest Rates 13.4% - 5% subsidy)

12.00%

Repayment

Repayment in easy installments spread up to 1 year to more than 3

years also. You may prepay at will with no penalty, or pay more than

your stipulated monthly installment at any time, depending upon

availability of funds with you. This would enable you to pay off your

loan faster and reduce your interest burden. There is No Prepayment

Penalty in Technology Up gradation loan.

Documentation:













employees)

12. Loan against Term Deposit

This loan can be use for any purpose (like medical treatment, Instant

marriage, any instant incident). So, if you have term deposit (like fixed

deposit) in bank then you can have a loan against this deposit. Loan amount

can be decided as per your term deposit. This is for your have term deposit

and that you don’t want to break it. So you get instant liquidity against your

term deposit.

Purpose:

For any purpose.

Features:

Liquidity against term deposit so you need not break it.

Low interest rates

Long term loan up to Maturity of Deposit Receipt

Easy process.




No processing charge


Eligibility:


2. Professionals


Margins:

10% Margin for Term Deposit Loan



Interest of loan against Term

Deposit

1% more f TDR Rate %

Repayment

Repayment in easy installments spread up to maturity date. You may prepay

at will with no penalty, or pay more than your stipulated monthly installment

at any time, depending upon availability of funds with you. This would

enable you to pay off your loan faster and reduce your interest burden. There

is No Prepayment Penalty in Technology Up gradation loan.

Documentation:













employees)

LOAN SBPP

Documents

actual reducing

joint stock

stipulated

actual reducing

daily product

qualification

continuity

nominal processing