State Bank of Mysore

Trusted Service
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Samachar

This product has been introduced to meet the needs of journalist community who are directly involved in providing updated happenings over the globe.

For purchase of Cameras, Computer, Books, Two wheelers, Mobile phones etc., for permanent employees of leading Newspapers.

Salient features of the scheme:

Eligibility:
a) Permanent employees of Leading Newspapers

b) Minimum net salary Rs. 5000/- per month

Loan Amount:
a) 12 times of Net monthly income.

b) Minimum Rs. 10000/-. Maximum Rs. 1,00,000/-

Margin:
10%
Rate of Interest:<--Click here for details
Type of Loan: Term loan repayable in 36 - 60 months
Security:
Hypothecation of the articles / Vehicles purchased

Guarantee:
i) No guarantee needed if check-off facility is available

ii) Acceptable third party guarantee if check-off facility is not available

Insurance:
10% above the market value of articles
Processing Charges:
0.50% with a maximum of Rs. 500/-
Disbursal:
Direct to the dealer
Necessary papers to be given by the applicants:
1. Application form
2. Credit Declaration form
3. Salary Certificate
4. Income Tax returns copy
5. Statement of Bank account for the last 6 months
6. Undertaking from the employer to deduct instalments
7. 3 photographs of applicant / guarantor 8. Undertaking that articles are allowed to be inspected any time by the Bank officials

For more details,
Please 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 22353901extn.380
Fax: 91 80 22283684
Email:cmpsb@sbm.co.in

 
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State Bank of Mysore,
H .O.: K.G.Road,
Bangalore - 560254, INDIA.
Phone (EPABX): 91 80 22353901 (30 lines of PRI)
Fax: 91 80 22283684

Download Application Form

 Application Form
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