State Bank of Mysore

Trusted Service

Mybank Udyogi Gnanamitra

Mybank Udyogi Gnanamitra - A new Personal segment advances scheme to finance employed persons to pursue Programmes for career development in Distance Education Courses,Evening Courses and Study by availing leave.

Highlights of Mybank Udyogi Gnanamitra Scheme

Name of the scheme
To finance employed persons to pursue Programmes for career development.
Eligible Courses i) Distance Education Courses
ii) Evening Courses
iii) Study by availing leave

Leading to Diploma/ Degree/ Post Graduation conducted by Colleges/Universities approved by UGC/Govt/AICTE/ AIBMS/ICM/IGNOU/ICFAI.
Nature of facility Term Loan
Eligibility Permanent employees of State/Central/PSUs/Reputed Private Institutions with a minimum service of 2 years and who have secured seat for pursuing higher studies.
Age Below 45 years.
Quantum of Loan 15 times net monthly income.
Maximum – Rs.1.00 Lac.
Repayment 60 months in EMI commencing from one month from the date of disbursement. No penal charges will be levied in case of early repayment of loan by borrowers.
Security Check off facility letter to be obtained from the Employer
Post dated cheques wherever employer's undertaking is not possible and Compulsory pledge of Life Policies.
Processing Charge Nil

Contact your nearest Branch of State Bank of Mysore or

Chief Manager
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.380
91 80 22353467 Fax: 91 80 22283684
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