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.
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Eligibility: b) Minimum net salary Rs. 5000/- per month |
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Loan Amount: 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 |
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Guarantee: 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 22353901 to 22353909 ; 22353473.extn.380
91 80 22353467 Fax: 91 80 22283684
Email:
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