State Bank of India- Medi- Plus Scheme

Purpose of Loan:

Loan for individuals to avail specialized expensive medical treatment e.g. coronary by-pass, Hip and Knee replacement surgery, cochlear implants surgical for the hearing impaired etc.

Eligibility:

• An employee of the Government/ a reputed PSU/ a profit making public limited company, and if you have a minimum, 10 years of service.

• A self-employed professional.

• A pensioner, who has taken voluntary retirement and is not yet 60 years old.

• An agent of Insurance/ KVP/ Mutual Funds etc. with a minimum annual income of Rs.3 lakh.

• An employee/ a pensioner with a minimum income of Rs.10,000 per month or if you are a neither, a minimum income of Rs.3 lakhs per annum.

Loan Amount:

The loan amounts range from a minimum of Rs.50,000/- to a maximum of 12 months NMI (when it concerns salaried individuals and pensioners) or a 1 year net annual income (when it comes to persons other than salaried individuals and pensioners), subject, to the following ceilings:

• For Employees and Professionals : Rs.2.0 lacs

• For Pensioners and Agents : Rs.1.0 lac

Margin:

20% of the total cost of treatment.

Repayment:

You may comfortably repay your loan over a maximum - 60 Equated Monthly Installments.

Interest:

0.75% above SBAR i.e.13.00% p.a. (w.e.f. 01.01.2009).

For more information: Website

State Bank of India- Teachers- Plus Scheme

Purpose:

SBI recognizes the special position sanctioned for teachers in our society and is proud to introduce Teacher Plus - a special scheme for teachers placed under State and Central Governments as also under the deemed universities. Through Teacher Plus, you can avail of concessions in the rates of interest, processing charges and margin amounts.

Eligibility:

This scheme is open for all teachers placed under State and Central Governments as also under the deemed universities.

For more information: Website