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SBI SME Smart Score Bank Loan For C&I, SSI, SBF

SME Smart Score Bank Loan product can be given to units in C&I, SSI and SBF segments for credit requirements between Rs. 5 lacs to Rs. 50 lacs (Rs. 25 lacs for T&S) based on the projected turnover and / or project cost. The loan quantum should be a minimum of 20% of turnover and/or, 67% of project cost. Before applying SME Smart Score Scheme, you are advised to download attached application form, Annexures and Scoring methods to assess yourself. The scoring method is self explanatory and find your score more or less same as to what bank do hence applicant can avoid unnecessary delays for sanctioning the loan. Read carefully every page and try to answer all the questions.

SBI Home Loan: Necessary Documents Required To Be Submitted By Housing Loan Applicant

As we all know, one of the main function of Commercial Bank is giving loans and advances to their customers, in which a major share goes as Home Loan product that comes under Personal Banking. Home Loan is considered as a secured, low risk loan to all banks because it compulsorily requires collateral or immovable assets as a security to loan amount. Here is the comprehensive list of documentation for Home Loan takers. Check this Home Loan Document List and keep this listed documents ready with you prior obtaining your loan. This Home Loan Document List is applicable not only to SBI but all other banks seeks more or less same documentation.

    Check List Of Documents For SBI Auto Loans

    When you apply for a SBI Auto Loan, make sure that all necessary documents are ready with you before proceding application. First of all, have a detailed discussion with branch manager in order to get all relevant and important details you suppose to get from bank and cross check the list of documents provided here.

    Indian Financial System Code (IFSC) For Banks in India

    A healthy economy requires a financial system that moves funds from people who save to people who have productive investment opportunities. But how does the financial system make sure that your hard-earned savings get channeled to the productive investor rather than to non-productive investor? It needs well defined financial system controlled by Govt. or its agency. In India, its by Reserve Bank of India (RBI) which has authority to control any financial business entity run in India. Through a simple code (IFSC), every banking transaction under RTGS, NEFT, IMPS, and CFMS can be monitored by RBI without any hindrances.

    SBI Maxgain: Home Loan Having OD (Overdraft) Advantage

    Over recent years, home loan has been witnessing fierce competition in pricing as well as product differentiation. Besides providing the most competitive rates of interest, SBI has introduced "SBI Maxgain", an innovative and feature rich facilities to the generic Home Loan Scheme and have brought about a fair amount of flexibility in key terms and conditions of the Scheme.

    Financial Rights, Restrictions, and Prohibitions Of An Overseas Citizen of India (OCI)

    Many nations permit their citizens to have more than one citizenship enhancing their socioeconomic integration. If you look at the Bible, St. Paul has dual citizenship, one from Tarsus and another from Rome (Acts 22:24-29). Owning second citizenship or multiple citizenship is a step towards more freedom that can give you more control and independence. But, the Indian Constitution does not allow dual or more citizenship to any person of any country.

    SBI NRI Branches: Address, Phone, Email, IFSC Code, Swift Code and Branch Code

    SBI has NRI branches in major towns across India providing specialised services such as dedicated Relationship Managers, Personalized Services, Range of NRI Deposit products, Quick NRI Housing & Car Loans, Remittance facility, and E-Z trade (online trading of equities) facility. Here is the list of SBI specialised NRI branch address, convenient contact methods like phone, email, fax including NRI Branch IFSC Code, Swift code and Branch Code.

    Rice Mill Plus Bank Loan Scheme For Food Processing Units

    SBI has fantastic loan scheme for entrepreneurs of food grain mills - Rice Mill Plus. Term loan for acquisition of machinery / factory building for modernization / expansion and working capital needs of Rice Mills engaged in milling, sorting, grading and polishing. No upper ceiling on loan amount.

    SBI Agriculture Loan For Financing Of Second Hand / Used Tractors

    SBI Agriculture Loan For Financing Of Second Hand / used Tractors Schemes (SBI - Mahindra Vishwas & SBI TAFE Nayaroop) enable farmers with smaller land holdings to mechanize their farms.

    Eligibility for Agriculture Loan For Financing Of Second Hand / Used Tractors

    Individual farmer or a group of farmers not exceeding three in number (as co- borrowers) owning minimum 3 acres of perennially irrigated agricultural. Tractors which are more than 7 years from the original purchase date shall not be financed.

    Agricultural Term Loans (ATL)

    A majority of Agricultural loans operate within 18 months of repayment period which commonly known as Seasonal Agricultural Operations (SAO). Farmers seeking loans facilitating "long term loans" with repayment period of upto 15 years may give immense opportunities to invest in diversified fields like Dairy Farm, Farm Mechanisation, Minor Irrigation, Lift Irrigation, Horticulture, Land Developments, Sheep / Goat / Piggery / Poultry Farm, Inland fisheries, Sericulture, Rural Godowns, Farm Plantations / Forestry Plantations and other activities. Agricultural Term Loans (ATL) fulfil the whole requirement through various banking institutions under strict regulation of RBI / NABARD.

    Financial Rights, Restrictions, and Prohibitions Of Non-Resident Indian (NRI)

    Non-Resident Indian (NRI) is a person resident outside India who is a citizen of India with any one of the criteria applicable to:

    1. For taking up employment outside India.
    2. For carrying on outside India a business or vocation outside India.
    3. For any purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period.

    For income tax purpose, a non-resident is a person who has been living out of India for more than 182 days in the preceding financial year.

    SBI e-Smart SME e-Commerce Loans

    SBI for SME provides financial assistance to authorized Sellers of Snapdeal or Flipkart engaged in selling products through online portal of Snapdeal or Flipkart. Sellers have to be registered with the online portal for a minimum of 6 months tenure can avail this smart loan. It is available under MUDRA Scheme.

    Bank Deposit Accounts - Types (Demand, Term, And Flexi Deposits)

    Deposits of banks are broadly classified into three categories: Demand deposit, Term deposits and Flexi deposit or also known as Hybrid deposit.

    1. Demand Deposits Account

    Demand deposits are repayable on demand by the customers. Current account deposits, Savings bank deposits and Call deposits are the examples of demand deposits. These deposits are repayable on demand by the customers. The amount deposited on these accounts to be released upon the request of customer without any delay.

    SBI Bank Loan Scheme For Schools - School Plus

    State Bank of India provides term loan scheme "School Plus" for existing schools in order to repair / renovate / add new buildings or purchase of electronics equipment, computers and laboratory equipment, books, manuals, furniture and other utility fixtures.

    Indian Bank Home Loan, Home Improve Loan and Plot Loan

    Whether you are going to buy an apartment, or build your dream house in your existing plot or buy a plot and build a house you eying in a favorite location, Indian Bank has various Home Loan schemes to cater your very special needs of owing or renovating or improving a house. The schemes - IB Home Loan, IB Home Loan Plus, IB Home Improve Loan, IB Plot Loan, IB Home Loan Combo - can be great because Indian Bank think that, first of all, a home must be a lovely place making memories of family, and secondly it becomes an investment for your future.

    SBI Reverse Mortgage Bank Loan (SBI RML)

    SBI RML scheme provide a source of additional income for senior citizens of India who own self-acquired and self-occupied house property in India. It can be utilized as supplementing income, any personal expenses, house repairs, etc. Loan amount should not be used for speculative, trading and business purposes.