Maximum Loan Amount

Upto 90% of the invoice value excluding road tax and insurance for new vehicles. Maximum upto 60% in case of second hand/ used vehicle.

Margin

10% in case of New car and 40% in case of Pre-owned Car

Interest Rate

9.50% Per Annum

Repayment Period

Upto 84 months (new vehicle) and 36 months (second hand vehicle).

Security

01) Hypothecation of vehicle to be purchased.
02) Guarantors acceptable to the Bank.

Documents to be submitted

01) Invoice / Quotation / Valuation of the Vehicle from authorized Dealer
02) Income Details and IT Returns of for last 3 Years
03) Any other details required by the Bank
04) Guarantor

Disbursement

Directly to the Dealer or Transferor

General

Borrower and Guarantors will have to be members of the Bank. Bank reserve the right to change the scheme, Loan Amount, without any notice.

Purpose

For Purchase of Flat, House or Construction of House or Internal Furniture.

Maximum Loan Amount

01) For construction of House, Purchase of House, Flat, Additional Construction on existing House, Upto 75% of the Agreement Value or Construction Cost with Maximum Loan Amount of Rs.140 Lakhs.
02) For Purchase of New Plot if the construction start within 6 months, 50% of the cost of purchase of Plot.
03) For Internal Renovation of Flat or House constructed within one Year, 50% of the cost of renovation.

Interest Rate

9.50% Per Annum

Repayment Period

Upto 180 Months in Monthly Installments. Moratorium Period of 18 months maximum, up to construction of house or possession of flat which ever is earlier. Interest will be charged at normal rate during the moratorium period.

Security

01) Mortgage of Flat ,house property to be constructed / purchased / repaired / remodeled / renovated.
02) 2 Guarantors acceptable to the Bank.

Documents to be submitted

01) Original Agreement Sale deed of the Flat / Land / House
02) Estimate of construction or Renovation
03) Payment sleep and other documents
04) Income tax returns for last 3 year
05) Salary Certificate and Slip or 3 Years P&L and Balance sheet in case of business.
06) Copy of Identity Proof
07) Copy of Residence Proof
08) Search report of the property
09) 7/12 extract of the property
10) NA Certificate in case of Plot

Disbursement

Directly to Builder / Seller / Contractor

General

Borrower and Guarantors will have to be members of the Bank. Bank reserve the right to change the scheme, Loan Amount, without any notice.

Purpose

For Doctors, Medical professionals for starting Clinic, Hospital, purchase of medical equipment’s, Ambulance, Medical shops etc.

Maximum Loan Amount

01) Limit as per the Policy of the Bank with maximum Loan Limit of Rs.9.00 Crores
02) For Cash Credit Limit, based on last 3 years Sales and Projection
03) For Construction of Hospital and Purchase of medical equipment 75% of the estimated cost / Quotation.

Interest Rate

9.50 %

Repayment Period

T/L Up to 180 Months in Monthly Installments. Moratorium Period up to 18 months maximum, C/C Up to 36 months (Renewal & Review).

Security

01) For Working Capital – Hypothecation of Stock and receivable and collateral security of immovable property.
02) 2 For Term Loan- Current asset , Plant , Machinery & Immovable property as per Banks requirement and personal guarantee.

Documents to be submitted

01) Original Agreement of the Flat / Land / House
02) Estimate of construction or Renovation
03) Income proof
04) Income tax returns for last 3 year
05) Salary Slip or 3 Years P&L and Balance sheet in case of business.
06) Copy of Identity Proof
07) Copy of Residence Proof
08) Search report of the property
09) 7/12 extract of the property
10) NA Certificate in case of Plot

Disbursement

Directly to Builder / Seller / Contractor

General

Borrower and Guarantors will have to be members of the Bank. Bank reserve the right to change the scheme, Loan Amount, without any notice.

Purpose

01) For household articles / consumer durables.
02) Education.
03) Marriage and Family ceremony of self / dependents
04) Medical expenses of self / dependents.
05) Business Purpose.
06) Repair of own house.
07) Agricultural Activities
08) Other Purpose

Maximum Loan Amount

UP TO Rs.5 Lakh

Interest Rate

13.50 % Per Annum

Repayment Period

UP TO 60 months in Monthly Installments.

Security

01) Salary Deduction from Employer and
02) 2 Guarantors acceptable to the Bank

Documents to be submitted

01) Estimate of Repairs, Medical / marriage etc.
02) Salary Slip of Borrower and Guarantors
03) Undertaking Letter from employer for remittance of installment from the Salary
04) Copy of Identity Proof
05) Copy of Residence Proof.
06) Recent Passport size Photographs

Disbursement

Based on Purpose or Credit to Account.

General

Borrower and Guarantors will have to be members of the Bank. Bank reserve the right to change the scheme, Loan Amount, without any notice.

Purpose

01) For Purchase of household articles / consumer durables.
02) Education.
03) Marriage and Family ceremony of self / dependents.
04) Medical expenses of self / dependents.
05) Business Purpose.
06) Repair of own house.
07) Agricultural Activities.
08) Other Purpose

Maximum Loan Amount

Rs.5 Lacs by way of Term Loan

Up To 4 Lakh Bullet Payment with Interest

Interest Rate

10.00 % Per Annum

Repayment Period

1) Above 2 lakh – Up To 36 Months – Monthly/ Quarterly / Half Yearly / Yearly Installment.

2) Up To 2 Lakh – 12 Months.

Security

Pledge of Gold Ornaments

Documents to be submitted

01) Valuation Certificate from banks approved Valuer Gold Valuer.
02) 7/12 extract use for agriculture purpose.
03) Loan and Documents.
04) Repayment Documents.

Disbursement

Account Credit Instant

General

Borrower will have to be members of the Bank. For Loan Above 1 Lakh Bank reserve the right to change the scheme, Loan Amount, without any notice.
Upto loan upto Rs.2 Lac bullet payment for 12 months.

Educational Course Details

Degree or Post Graduation Courses for Engineering, Medical, Management, Agriculture, Information Technology, or Education for further studies for Degree by University or Deemed University in India or Abroad.

Purpose

Educational Course Fee Hostel Fees Educational Course Books and Material Cost of Air Travel for going abroad

Maximum Loan Amount

75% of the Total Educational Expenses as above subject to maximum of Rs.20,00,000/= and subject to security cover offered and Repayment capacity.

Margin

25%

Interest Rate

11.00% Per Annum

Repayment Period

Educational Course Period + 60 to 84 months.

Moratorium Period

Educational Course Period + 1 Year(In Moratorium Period Interest & Other Expenses Paid Monthly basis)

Educational Criteria

60% or more marks in last exam passed

Loans to Small and Medium Enterprise

SVCB Bank empowers the small, micro and medium entrepreneurs by giving them Credit facilities for starting and expanding their business at lower rate of interest and quick processing and servicing.

Eligibility

All MSME Units run by individual, Proprietary concerns, Registered Partnership Firms, Private Limited Companies,LLP,etc.

Purpose

To provide Bank Credit to MSME at concessional Rate of Interest towards working capital and term loan for acquiring any fixed assets for business development purpose

Type of Facilities

Term Loan, Cash Credit, Bank Guarantees,

Loan Amount

Up to Rs.9.00 Crores and revised from time to time,

Security

For Working Capital – Hypothecation of Stock and receivable and collateral security for immovable property

For Term Loan – Current asset, Plant, Machinery & Immovable property as per Banks requirement and personal guarantee.

Period

For Working Capital – Up To 36 months(Renewal/ yearly review.) and for Term Loans – maximum Up To 120 Months

Purpose

Digging of new wells, revitalization of existing well, purchase of oil engine, electric motor, pump set installation of pipe line, sprinkler, irrigation, drip irrigation, tube well, bore well, etc.

Eligibility

Agriculturist who owns agricultural land.

Maximum Loan Amount

For new dug wells as per the Unit costs for equipment’s/estimates.

Interest Rate

12.50 % Per Annum

Repayment Period

Upto maximum of 68 months in Monthly Installments.

Security

Mortgage of Land or hypothecation of movable assets and guarantors.

General

Borrower and Guarantors will have to be members of the Bank. Bank reserve the right to change the scheme, Loan Amount, without any notice.

Purpose

Purchase of Tractors and other farm equipments

Eligibility

Agriculturist who owns agricultural land.

Maximum Loan Amount

As per the Cost of the Tractor or farm equipmemts

Interest Rate

12.50 % Per Annum

Repayment Period

Upto maximum of 68 months in Monthly Installments.

Security

Mortgage of Land or hypothecation of movable assets and guarantors.

General

Borrower and Guarantors will have to be members of the Bank. Bank reserve the right to change the scheme, Loan Amount, without any notice.