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General Loans

  • Vehicle Loan
  • Gruh Swapn Housing Loan
  • Dhanwantary Loan Yojana
  • Personal Loan
  • Gold Loan
  • Educational Loan Scheme
  • Business Loans
  • Loan Ineterest Rate
Vehicle Loan

Loan is given for purchasing of New or Used Car or two wheeler

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.
Gruh Swapn Housing Loan
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.
Dhanwantary Karj Yojana
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.
Personal Loan
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.
Gold Loan
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 2 Lakh Bullet Payment with Interest
Interest Rate
9.00 % 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 Loan Scheme
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
Business Loans
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
Loan Interest Rate
Sr.No Loan Scheme Name Interest Rate
1 Sarathi Vehicle Loan 9.50%
2 Gruh Swapna Housing Loan 9.50%
3 Tathasthu Gramin Home Loan (Loan Scheme for Medical & Allied Business) 12.00%
4 Dhanwantary Karj Yojana (For Doctors & Medical Professionals) 9.50%
5 Personal Loan 13.50%
6 Gold Loan 8.50% to 10.50%
7 Krushidhan Pledge Loan 9.50 % To 11.00%
8 Educational Loan Scheme 11.50%
9 Business Loans (As Per Credit Rating ) i.e. min 10.50%
  Business Loans (As Per Credit Rating ) i.e. max 13.50%
10 Annasaheb Patil Arthik Vikas Mahamandal Loan Scheme 12.50%
11 Builder Loan 14.50%
Loan for Agriculture Allied Activities
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
14.00 % Per Annum
Repayment Period
Upto maximum of 60 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.
Loan for purchase of Tractor & Allied Equipments
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
14.00 % Per Annum
Repayment Period
Upto maximum of 60 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.