State Bank of Mysore

Trusted Service
Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /var/www/html/statebankofmysore.co.in/libraries/joomla/utilities/date.php on line 198

Credit Facility -Timelines for Application Disposal

 

CREDIT FACILITY - TIMELINES FOR APPLICATION DISPOSAL

 

CREDIT FACILITY - TIMELINES FOR APPLICATION DISPOSAL

 

Category of facility

Timelines for Loan application Disposal 

Priority Sector 

Loans upto Rs.25,000

Fortnight

Loans above Rs.25,000

6 to 9 weeks

Micro & Small Enterprises 

Loans upto Rs.25,000

2 weeks

Loans above Rs.25,000 and upto Rs.5 lacs

4 weeks

 

 

SME Loans at all Centres 

All loans upto Rs.25 lac

14 days

Loans of Rs.25 lacs and above upto Rs.50 lacs

14 days

Sanction in case of takeover

14 days

 

 

Limits above Rs.50 lac upto Rs.5 crore

22 days

 

 

 

Limits above Rs.5 crore

22 days

 

 

 

 

 

 

 

 

 

 

 

Home Loans at Metro & Urban Centres

Scenario 

Sourcing entities 

Processing entities 

Total Turn around time 

Under Builder tie-up (same centre)

2 days

4 days

6 days

Under Builder tie-up (other centre)

2 days

10 days

12 days

Other than Builder tie-up (same centre)

2 days

10 days

12 days

Other than Builder tie-up (other centre)

2 days

14 days

16 days

(in all the above 4 cases, additional 2 days for Documentation & Disbursement)

All Loans at Semi Urban & Rural Centres

Type of Loans 

Timelines for Loan application Disposal 

Home Loan

9 days

Car Loan

4 days

Education Loan

6 days

Personal Loan

3 days

Traders Loan

6 days

Self employed / Transport operator

6 days

Manufacturing Units

10 days

Agricultural Loans

8 days


 


Contact your nearest Branch of State Bank of Mysore

State Bank of Mysore
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473
Fax: 91 80 22283684











 
You are here:
BCMath lib not installed. RSA encryption unavailable