Term Loan or OD as in SBM Max Gain. (OD
facility will be available for loans above Rs. 5 Lacs.)
Loan amount:
Upto (and including) Rs. 30 Lacs)
Interest rate:
• Interest rate during the first
year (j.e.till first anniversary date from the date of
first disbursement) fixed at 8 % p.a.
• Interest rate during next two years is fixed at 9% p.a.
• Interest rate after three years may be fixed or floating as per the borrower’s
choice made at the time of sanction. If floating rate option is chosen, then
the rate will be 2% below SBMPLR prevailing on the third anniversary date from
the date of first disbursement with a minimum of 10%p.a. If fixed rate option
is chosen, then the rates will be 1% below SBMPLR prevailing on the third anniversary
date from the date of first disbursement with a minimum of 11%p.a. and shall
have a reset frequency of 5 years from the third anniversary date of the loan.
Fixed interest rate shall be subject to force – majeure clause.
Processing Fee
Fully waived upto 30th September 2009,
there after regular processing charges applicable to housing
loans will be charged.
Interest rate during the first year (i.e.
till first anniversary date from the date of first disbursement)
is Fixed at 8% p.a.
• Interest rate during next two years is Fixed at 9.5%. p.a
• Interest rate after three years may be Fixed or Floating as per the borrower’s
choice made at the time of sanction. If floating rate option is chosen, then
the rate will be 1.5% below SBMPLR prevailing on the third anniversary date from
the date of first disbursement subject to a minimum of 10.50%p.a. If fixed rate
option is chosen, then the rate will be 0.50% below SBMPLR prevailing on the
third anniversary date from the date of first disbursement subject to a minimum
of 11.50%p.a. and shall have a reset frequency of 5 years from the third anniversary
date of the loan. Fixed interest rate shall be subject to force-majeure clause.
Processing Fee
Fully waived upto 30th September 2009,
there after regular processing charges applicable to housing
loans will be charged.
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
Email:cmpsb@sbm.co.in
