Gudia
State Bank of Patiala
State Bank of Patiala
State Bank of Patiala

ATM / Branch Locator

SBP Presence
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                             SBP-Rent

 

Loan amount

Minimum –  1,00,000/-

 

Maximum- Rs.1,00,00,000/- (For non-Corporates)

                   Rs.5,00,00,000/- (For Corporates)

 

2

Loan Term

7 Years

3

Interest Type (Floating or Fixed)

Floating

4

a) Interest Chargeable (In case of Floating Rate Loans)

 

 

 

b) Interest Chargeable (In case of Fixed Rate Loans)

a)  4.50% above Base Rate i.e 14.45% (Upto 5 crores)

     4.75% above Base Rate i.e  14.70% (above 5 crores)

 

 

 

 

b) N.A

5

Date of Reset of Interest

Not Applicable

6

Mode of Communication of Changes in Interest Rates

Bank's Website -www.sbp.co.in & Entry in Statement of loan account

7

Fee Payable as under:

  a

On Application

Nil

  b

During the Term of the Loan

·         Processing Fee: -  2.02% of the loan amount

                               (Maximum Rs.1,01,865/-)

        

 

  c

On Foreclosure

 Nil

 

  d

Fee refundable if loan is not sanctioned

 N.A

 e

Conversion Charges for Switching from Floating to Fixed Interest and Vice-Versa

 N.A

  F

Penalty for delayed payments

if irregularity exceeds EMI or Installment amount, for a period of one month, then penal Interest should be recovered @ 2% p.a (over and above the applicable interest rate) on the overdue amount for the period of default.

 

Besides the bank shall also charge a penalty, the rate of which shall be at the discretion of the bank,for every bounced cheque for any reason whatsoever in addition to the enhanced rate of interest as applicable (present rate -Rs.281/- for every bounced cheque)

8

EMI Payable

 Equated Monthly Installments

9

Details of Security Collateral Obtained

Tangible collateral security of  suitable value (at least 120% of loan amount)

 

10

Date on Which the Annual outstanding balance statement will be issued

As on 31st March every Year.