Email : admin.ao@stcb.org.in
Call on us : +91 80 22958155/56/57

Loans and Advances

Gold Loan

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.

Surety Loan

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

Salary Loan

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.

Vehicle Loan

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.

Business Loan

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.
  • Educational institutions
  • Acquisition of assets
  • Undertake expansion, acquire business assets, renovation in business premises.
  • Stock hypothecation
  • Working capital
  • Purchase of machinery
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

Immovable Property Loan

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

Mortgage Loan

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

Education Loan

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

Consumer Durable Loan

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

Over draft

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

Cash Credit Loan

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

NSC /IVP/KVP Loan

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.

LIC Loan

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

Gruhalakshmi Loan

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  

Rent Discount Loan

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.

Group Loan

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.