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General Loans

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

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

Maximum Loan Amount
Upto 75% of the invoice value excluding road tax and insurance for new vehicles. Maximum upto 60% in case of second hand/ used vehicle.
Margin
25% in case of New car and 40% in case of Pre-owned Car
Interest Rate
15% Per Annum
Repayment Period
Upto 60 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 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
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, or Construction of House or Internal renovation
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.70 Lacs.
02) For Purchase of New Plot if the construction is to be made 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
12.50 % Per Annum for Purchase of Flat or Construction of house and 14% for Renovation of House.
Repayment Period
Upto 15 years 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 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.
Dhanwantary Karj Yojana
Purpose
For Doctors, Medical professionals for starting Clinic, Hospital, purchase of medical equipments
Maximum Loan Amount
01) Limit as per the Policy of the Bank with maximum Loan Limit of Rs.5.00 Crores
02) For Cash Credit Limit, based on last 3 years Sales and Projection
03) For Construction of Hospital or Purchase of medical equipment 75% of the estimated cost
Interest Rate
12.50 % Per Annum for Purchase of Flat or Construction of house and 14% for Renovation of House.
Repayment Period
Upto 15 years 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 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) Purchase of household articles / consumer durables.
02) Children's education.
03) Marriage and thread ceremony of self / dependents
04) Medical expenses of self / dependents.
05) Obsequies expenses.
06) Repair of own house.
Maximum Loan Amount
Rs.50,000/
Interest Rate
15.00 % Per Annum
Repayment Period
In maximum of 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) Purchase of household articles / consumer durables.
02) Children's education.
03) Marriage and thread ceremony of self / dependents.
04) Medical expenses of self / dependents.
05) Obsequies expenses.
06) Repair of own house.
07) Agricultural Activities
Maximum Loan Amount
Rs.5 Lacs by way of Term Loan
Interest Rate
13.00 % Per Annum
Repayment Period
Within 12 Months in Monthly Installments or Bullet Payment for Loans up to Rs.2.00 Lacs.
Security
Pledge of Gold Ornaments
Documents to be submitted
01) Valuation Certificate from banks approved Valuer
02) 7/12 extract for loan for agriculture purpose
Disbursement
Account Credit
General
Borrower will have to be members of the Bank. Bank reserve the right to change the scheme, Loan Amount, without any notice.
Upto loan upto Rs.2 Lac bullet payment after 12 months is allowed.
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 income capacity of parent
Margin
25%
Interest Rate
13% Per Annum
Repayment Period
Interest to be paid during moratorium period and then in In EMI of 60 to 84 Months or Quarterly or Half yearly installments and interest.
Moratorium Period
Educational Course Period + 1 Year
Educational Criteria
60% or more marks in last exam passed
Business Loans
Loans to Small and Medium Enterprise
SVCB Bank empowers the small 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 SME Units run by individual, Proprietary concerns, Registered Partnership Firms, Private Limited Companies
Purpose
To provide Bank Credit to SME 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.5.00 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 – Mortgage of Asset Purchased or existing immovable property and collateral Security as per Banks requirement and personal guarantee.
Period
For Working Capital – 1 Year and for Term Loans – maximum 7 Years
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.