Email : admin.ao@stcb.org.in
Call on us : +91 80 22958155/56/57
Email : admin.ao@stcb.org.in
Call on us : +91 80 22958155/56/57
| Who can Borrow | Individual |
|---|---|
| Purpose | For any legitimate purposes |
| Max .Finance available | Upto Rs.10.00 lacs for members Upto 1 lakh for nominal member |
| Security | Pledge of Gold Ornaments |
| Margin | 75% on the market value arrived at the prevailing BENCHMARK RATE(announced by Bank from time to time) of the security to be pledged. |
| Repayment | 1. Max finance upto 10 lacs for members.
2. Bullet repayment upto to 2 lakhs 3. Term loan above 2 lakhs upto 12 months 4. All Gold Loans / OD a/cs to be closed on or before due date. 5. Limit up to Rs.2.00 lac - subject to interest paid monthly 6. Limit above Rs.2.lac up to Rs.5.00 lacs – Overdraft. Interest to be serviced as and when applied. |
| Appraisal Charges | As applicable |
| Documentation Charges | As applicable |
| Prerequisites | 1. Application form along with KYC documents, Income Proof of the applicant/s (SAVING / CURRENT ACCOUNT TO BE OPENED).
2. Pledge of Gold Ornaments. 3. Valuation of the ornaments of the gold pledged will be done by the Bank’s approved valuer in Bank’s premises. |
| Who can Borrow | Individual |
|---|---|
| Purpose | Personal needs such as Housing, Education, Medical Emergencies, Travel, Business etc |
| Max .Finance available | Rs.2.00 lacs |
| Security | Above 1 lakh two guarantors or collateral security & Basic salary Rs 25000 & above |
| Repayment | 60 months |
| Processing Charges | 1 % of the loan amount plus GST |
| Documentation Charges | As applicable |
| Prerequisites | 1. Income Tax returns for the last three years along with computation of income of the applicant and guarantors. 2. Confirmed employee in case of salaried person 3. COMPLIANCE OF KYC NORMS. 4. Statement of operative Bank account for the last one year 5. Salary certificate or salary slip for consecutive three months. |
| Required Document | 1) Latest three months pay slip or salary certificate 2) Address Proof, ID proof 3) Office id 4) Bank membership ID Card 5) Photo 6) 6 months Bank statement 7) duration 60 months |
| Who can Borrow | Individual |
|---|---|
| Purpose | Personal needs such as Housing, Education, Medical Emergencies, Travel etc. |
| Max .Finance available | Rs.1.00 lacs |
| GUARANTORS | One GUARANTOR |
| Repayment | 60 months |
| Processing | 1 % of the loan amount plus GST |
| Documentation Charges | As applicable |
| Prerequisites | 1. Salary should be credited to bank account/Undertaking letter from employee.
2. Undertaking letter from authorised officer 3. Confirmed employee in case of salaried person 4. COMPLIANCE OF KYC NORMS. 5. Statement of operative Bank account for the last one year 6. Salary certificate or salary slip for consecutive three months. |
| Who can Borrow | Individuals ,Firms, Companies |
|---|---|
| Purpose | Convenient scheme both for commercial and personal use. |
| Margin | For commercial - 25% of invoice cost Add Basic value 75 % Two wheeler 36 Months Auto Car 60 Months |
| Security | Hypothecation of Vechicle to be purchased Up to 1 Lakh-surety
Above 1lakh Property security/Surety *Conditions apply |
| Repayment | Max-60 months |
| Processing Charges | 1 % + GST as applicable from time to time |
| Attractive Features | Competitive Rate on daily reducing. No Prepayment penalty and no penalty for premature closing. |
| Documentation Charges | As applicable |
| Prerequisites | 1. Individuals employed/engaged in business/having professional income and sound financials. 2. Invoice from the Authorized dealer. 3. Applicant and Surities Salary certificate/salary slip for consecutive three months. 4. KYC requirement. |
| Who can Borrow | Individuals (singly/Jointly)Firms/Companies/Associations/Small scale industries/Traders etc except stock/share broker/s |
|---|---|
| Purpose | To offer instant solutions relating to business needs or for personal needs any other productive
legitimate purpose & not for speculative activities.
|
| Security | Mortgage of immovable property ( excluding Agricultural Land ) |
| Margin | 25% of business turn over 75% of machinery purchase |
| Loan Amount | Against residential/commercial property up to Rs. 6.5cr. (Bangalore and rural) for individual Against residential/commercial property up to Rs. 18.0 cr. (Bangalore and rural) for group. 75% to 85% of property valuation |
| Repayment Period | Maximum 120 months |
| Processing Charges | 1.00% plus GST + GST |
| Documentation Charges | As applicable |
| Prerequisites | 1. Application form along with KYC documents &Income Proof. 2. Property to be mortgaged should be in the name of the borrower. 3. Latest valuation report from bank’s approved valuer. 4. Vat registration. 5. Three Years auditing balance sheet 6. Three Years IT returns |
| Required Document | 1) 3 years IT returns with audited balance sheet, 2) Project report, 3) Firm registration copy, 4) GST copy |
| Who can Borrow | Individuals (singly/Jointly) |
|---|---|
| Purpose | Purchase of Flat, Construction House, Bungalows and Apartment on Ownership Basis. |
| Limit | Max. Limit Rs.70.00 lacs for individual house.
For commercial building/real estate purpose etc., it depends on valuation and project report as applicable. Up to 5 lakhs for repair/alteration. |
| Security | Mortgage of Residential/commercial premises to be purchased/constructed |
| Margin | valuation of property according government rates and Bank’s engineer valuation |
| Repayment Period | Max 240 months |
| Processing Fees | 1% + GST as applicable from time to time |
| Legal & Documentation Charges | On Actual Basis. |
| Prerequisites | 1. Atleast 21 years of age Individuals employed/engaged in business/Professionals
having a fair repaying capacity to justify servicing of monthly installments. 2. Income Tax Returns/Income proof for the last three years along with computation of income. 3. Copies of the relevant documents of the property to be purchased / constructed. 4. Add income from family member. |
| Required Document For BDA/KHB Property |
1) Allotment Letter, 2) Possession certificate, 3) Sale Deed, 4) Khata, 5) Tax Paid Receipts, 6) Encumbrance Certificate, 7)Sanctioned Plan and Estimation for Construction Loan, 8)Income Proof, 9)Family Tree, 10) Noc from Family Members, 11) 6 Months Bank Statements, 12) 3 years IT Returns. |
| Required Document For Other than BDA / KHB Property |
1) Mother Deed, 2) Sale Deed, 3) Khata Certificate along with Extract, 4) Tax Paid Receipts, 5) Encumbrance Certificate, 6) Income Proof, 7) Family Tree, 8) Noc from Family Members, 9) 6 Months Bank Statements, 10) 3 years IT Returns, 11) Sanctioned Plan and Estimation for Construction Loan, 12) Approved Layout Plan, Conversion Order, Site Release order for BMRDA Sites. |
| Required Document for Housing Loan (House Purchase and Construction) |
1) Duration 240 Months for House Construction and House Purchase, 2) Maximum loan limit Rs.70 Lakhs, 3) On the basis of property security, 4) Sanctioned plan, 5) Rs.150000/- per square or 85% of security value WEL, 6) For house repair purpose Rs.5 lakhs maximum loan limit. |
| Required Document for Site Purchase Loan |
1) Maximum loan limit Rs. 70 Lakhs 2) Duration 240 months 3) 85% on S R Value of property 4) Purchased property to be mortgaged to our bank 5) 3 years IT Returns |
| Who can Borrow | People engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies & individuals with high net worth |
|---|---|
| Purpose | Marriage Business Education Contractor/Professional and Self employed Clear debts Purchase of consumer products etc, Real estate |
| Limit | Depends upon the purpose. |
| Security | Mortgage of Property/Commercial premises to be purchased |
| Repayment Period | Repayment 150 months |
| Processing Fees | 1% of the loan amount + GST |
| Legal & Documentation Charges | On Actual Basis. |
| Prerequisites | 1. Income Tax Returns/any Income proof for the last three years along with computation of income of
Individuals/Partners/Directors. 2. Audited Financial Statements for the last three years of the firm/companies. 3. Copies of the relevant documents of the property to be mortgaged. 4. Add income from family member. |
| Required Document | 1) 150 months duration 2) property based security 3) Maximum limit 15% of our working capital for individual 4) 85% on S R Value of property |
| Required Document for B KHATA PROPERTY LOANS | 1) Applicant should be in Position Minimum 5 years 2) 30 years Track Records 3) Minimum 600 Square Feet Sital Area 4) Minimum 400 Square Feet RCC Building in Site 5) 3 years Income Tax Returns Compulsory 6) If Applicant is Govt Employee Pay Slip and 6 Months Bank Statements 7) If Property is Revenue Documents RTC, Mutation, Akarband Required 8) If it is DC Converted Land Layout Plan is Required 9) Maximum Loan Limit Rs.20 Lakhs or 50% of Property value WEL 10) 150 Months Duration 11) Loan not issued for Vacant Site |
| Who can Borrow | Loans to be given to Student / Candidate (if major) – along with parents / Guardian – the applicants. Schemes open to graduates & undergraduates to acquire skill in any educational discipline and/or vocation from any of the Govt. recognized College/Educational Institute of repute in India /abroad |
|---|---|
| Purpose | To acquire skills in any educational discipline |
| Max .Finance available | Rs. 10 lakhs For Domestic course Rs.20.00 lakhs For International course |
| Margin | Depends upon the type of course(75% to 85% on fee receipt) |
| Repayment Period | Max 84 months (Moratorium Available) Up to 1lakh (No moratorium available) |
| Processing Fees | 1% loan amount + GST |
| Legal & Documentation Charges | On Actual Basis. |
| Prerequisites | 1. A letter from the Head of the Institute admitting the student for the course with schedule of fees. 2. Parents/Guardians having regular source of income to justify servicing monthly interest and installments. 3. Property security 4. Two Surety up to 1 lakh. |
| Required Document | 1) Upto Rs.1 Lakh two Government Security 2) Above Rs.1 Lakh Property security 3) Passport/visa copy 4) Fee Structure from college |
| Who can Borrow | Individual |
|---|---|
| Purpose | Purchase of Consumer Durables etc |
| Max .Finance available | Limit of Rs.50000 |
| Margin | 25% |
| Repayment Period | 36 months |
| Processing Charges | 1% loan amount + GST |
| Documentation Charges | As applicable |
| Prerequisites | 1. Invoice/Quotation of the article 2. Repayment proof of the borrower |
| Who can Borrow | Individuals (singly/Jointly) except stock/share broker/s |
|---|---|
| Eligible Age | Minimum 21 years |
| Type of Loan | Overdraft |
| Purpose | Any purpose other than Speculation |
| Limit | Max. Limit depends on capital and property value |
| Security | Immovable property/Term deposits with the bank |
| Repayment Period | maximum 12 months (yearly renewal) |
| Moratorium | NA |
| Rate of Interest & Processing Fees | As applicable from time to time |
| Prerequisites/Documents | 1. Documentation including our lien / pledge on the securities 2. Statement of operative Bank account for the last 6 months 3. Compliance of KYC norms 4. Stock statement if required. 5. Add 3 year Income Tax Return |
| Required Document | 1) 3 years IT returns with audited balance sheet 2) Project report 3) Firm registration 4) GST copy 5) 25% on yearly turnover and 75% on workorder 6) Property documents security 7) Stock statement 8) Every year renewal |
| Who can Borrow | Individuals (singly/Jointly) except stock/share broker/s |
|---|---|
| Eligible Age | Minimum 21 years |
| Type of Loan | Cash credit loan |
| Purpose | Any purpose other than Speculation |
| Limit | Max. Limit depends on property value and business needs |
| Security | Immovable property /Sureties |
| Margin | As applicable |
| Repayment Period | maximum 12 months (yearly renewal) |
| Moratorium | NA |
| Rate of Interest & Processing Fees | As applicable from time to time |
| Prerequisites/Documents | 1. Documentation including our lien / pledge on the securities and Power
of Attorney in Bank's favour to be executed.
2. Statement of operative Bank account for the last 1 year. 3. Compliance of KYC norms 4. Stock statement 5. Add 3 year Income Tax Return |
| Required Document | 1) 3 years IT returns with audited balance sheet 2) Project report 3) Firm registration 4) GST copy 5) 25% on yearly turnover and 75% on workorder 6) Property documents security 7) Stock statement 8) Every year renewal |
| Who can Borrow | Individuals (singly/Jointly) |
|---|---|
| Eligible Age | Minimum 21 years |
| Type of Loan | Loan on national savings certificate |
| Purpose | Any purpose other than Speculation |
| Limit | Max. Limit Rs.10.00 Lacs |
| Security | Related cerificates |
| Margin | 35% & GST Number Required |
| Repayment Period | Maturity period |
| Moratorium | NA |
| Rate of Interest & Processing Fees | As applicable from time to time |
| Prerequisites/Documents | 1. Documentation including our lien / pledge on the securities
and Power of Attorney in Bank's favour to be executed 2. Compliance of KYC norms 3. Discharge certificate from authorities. |
| Who can Borrow | Individuals (singly/Jointly) except stock/share broker/s |
|---|---|
| Eligible Age | Minimum 21 years |
| Type of Loan | LIC loan |
| Purpose | Any purpose other than Speculation |
| Limit | NA |
| Security | LIC policy discharged from LIC |
| Repayment Period | on maturity date |
| Rate of Interest & Processing Fees | As applicable from time to time |
| Prerequisites/Documents | 1. Compliance of KYC norms 2. LIC Policy 3. Discharge certificate |
| Who can Borrow | Individuals |
|---|---|
| Purpose | Purchase of Consumer Durables stc |
| Max.Finance available | Limit of Rs.100000 |
| Margin | 25% |
| Repayment Period | 36 Months |
| Processing Charges | 1% Loan Amount + GST |
| Documentation Charges | As Applicable |
| Prerequisites |
| Who can Borrow | Individuals |
|---|---|
| Purpose | Personal needs such as Housing, Education, Medical Emergencies, Travel, Business etc |
| Repayment Period | 120 months |
| Processing Charges | 1% Loan Amount + GST |
| Documentation Charges | As Applicable |
| Prerequisites | 1) 120 months duration 2) property based security 3) Maximum limit 15% of our working capital for individual 4) 85% on S R Value of property |
| Required Document | 1. Income Tax Returns/any Income proof for the last three years
along with computation of income of Individuals/Partners/Directors. 2. Audited Financial Statements for the last three years of the firm/companies. 3.Copies of the relevant documents of the property to be mortgaged. 4. Add income from family member. |
| Who can Borrow | Group of Members |
|---|---|
| Group | Minimum 4 and Maximum 10 members |
| Repayment Period | 6 months to 60 months |
| Amount | Minimum Rs. 30,000/-, Maximum Rs.5,00,000/- |
| Purpose | Business, Agriculture and allied, Education and Higher Education, Group Loan Top-up Loan, For Emergency needs, and Domestic purpose. |
| Processing Charges | 1% Loan Amount + GST |
| Documentation Charges | As Applicable |
| Prerequisites | 1) Should be a member of the Bank. 2) Should hold Savings Bank Account or Current Account in the Bank. |
| Required Document | 1) Aadhar Card, Pan Card, Passport, Voter Id Card, NAREGA Letter. 2) Documents relating to the purpose of the Loan. 3) Stamp paper agreement signed by all the members of the group that Repayment of Loan will be done in regular installments. |
| Who can Borrow | Individual |
|---|---|
| Purpose | For any legitimate purposes |
| Max .Finance available | Upto Rs.10.00 lacs for members Upto 1 lakh for nominal member |
| Security | Pledge of Gold Ornaments |
| Margin | 75% on the market value arrived at the prevailing BENCHMARK RATE (announced by Bank from time to time) of the security to be pledged. |
| Repayment | 1. Max finance upto 10 lacs for members including existing gold loan 2. Bullet repayment upto 2 lakhs 3. All Gold Loans to be closed on or before due date. 4. The tenure available for repayment of the gold loan is 6 months |
| Interest Rate | 8.75 P A |
| Appraisal Charges | As Applicable |
| Documentation Charges | As Applicable |
| Prerequisites | 1) Application form along with KYC documents, Income Proof of the applicant/s
(SAVING / CURRENT ACCOUNT TO BE OPENED). 2. Pledge of Gold Ornaments. 3. Valuation of the ornaments of the gold pledged will be done by the Bank’s approved valuer in Bank’s premises. |