State Bank of Hyderabad- Adhyapak Suvidha Scheme

Purpose of Loan:

General purpose loan

Eligibility:

All serving teachers of Central / State government / Educational institutions and also teachers of Government recognised / and private educational institutions.

Minimum Income:

Net monthly income of Rs.3000/-

Loan amount:

• Minimum : Rs.24,000/-

• Maximum: 18 months net monthly income, net of all deductions or Rs. 3.00 lacs whichever is lower.

Rate of Interest:

Interest rate for State Bank of Hyderabad- Adhyapak Suvidha Schem is 13.75% p.a. (above BPLR at 1.50%)

Repayment:

Maximum of 72 months through EMI. No penalty for pre-payment. Where check-off facility is not available standing instructions or post dated cheques may be accepted along with 3rd party guarantee of another teacher.

Processing Fee:

1% of the loan amount.

Required Documents:

• Proof of identity

• Proof of residence.

• Pass port size photographs

• Latest salary slip

For more information: Website

State Bank of Hyderebad- Software Professional Plus Scheme

Purpose/Eligibility:

General purpose loan for professionals/engineers/officials working in reputed software companies located in all metro cities, Bangalore, Pune and twin cities and having a minimum, of two years service.

Loan Amount:

• Minimum Rs. 24,000/-

• Maximum Rs. 5 lacs OR 18 months net monthly net income (NMI) whichever is lower.

Rate of Interest:

Interest rate for State Bank of Hyderebad- Software Professional Plus Scheme is13.25% p.a. (above BPLR at 1%)

Minimum Net Monthly Income:

Minimum net monthly income of Rs.10,000/-

Repayment:

In a maximum of 72 months, through equated monthly instalments (EMIs). Maximum EMI not to exceed 35% of net take home pay.

Security:

Third party guarantee good for the amount and also Check-off facility from the employer, if available or standing instructions or post-dated cheques.

For more information: Website