A BOOKLET ON

RETAIL ASSET PRODUCTS

(updated as on 11.05.2020)
Prepared By

ANV SUBBARAO
CHIEF MANAGER (TRAINING)

SBILD MASULIPATNAM
 FORE WORD

It gives me immense pleasure in bringing out the Booklet on “Retail Asset Products” for the use of all
employees PAN INDIA to update knowledge on our Bank's Liability Products and its features at a glance.

This booklet is a small effort to equip you to become Bankers par excellence. It gives you a bird’s eye view of
the essential products and services offered by the Bank under Deposits Portfolio which every employee should
know.

The Booklet has been developed and designed to facilitate the operating staff for smooth functioning
of their roles in the Bank and contains various features & guidelines of Retail Asset Products of the
Bank and gives a brief outline of the products and services offered by the Bank.

Every possible care has been taken to incorporate the latest changes in the instructions. We shall be glad if the
users bring to our notice of any omissions & errors, if any. We look forward to your feedback to further enhance
the quality of the book in our future editions.

I congratulate our faculty Mr. ANV Subbarao, Chief Manager (Trg), for his committed efforts to prepare this
Booklet on Retail Asset Products for the benefit of all Staff Members of State Bank of India.

With warm wishes,

Saibaba Machiraju
Director SBILD
State Bank of India
SBILD Masulipatnam
director.sbildmasulipatnam@sbi.co.in
 INDEX
SL.NO. NAME OF PRODUCT/SCHEME PAGE
NO (S)
1 PERSONAL GOLD LOAN 2) PERSONAL LIQUID GL 3) BULLET REPAYMENT 5
4 REALTY GOLD LOAN WITH THREE VARIANTS 6
5 SBI STUDENT LOAN 6) SBI SCHOLAR LOAN7) GLOBAL ED-VANTAGE LOAN 7
8 SBI SKILL LOAN SCHEME 8
9 SBI AUTO LOAN SCHEME
9,10
10 SBI ASSURED CAR LOAN SCHEME
11 SBI LOYALTY CAR LOAN SCHEME
12 SBI GREEN CAR LOAN 11
13 SBI CERTIFIED PRE-OWNED CAR LOAN 12
14 SBI CAR LOAN LITE 13
15 SBI SUPER BIKE LOAN 14
16 NRI CAR LOAN 15-16
17 TWO WHEELER LOAN 17
18 PREAPPROVED CAR LOAN 18
19 SBI XPRESS CREDIT
19-20
15 XPRESS CREDIT – NON PERMANENT EMPLOYEES
16 XPRESS CREDIT – TEACHING & NON-TEACHING
17 XPRESS CREDIT – ELITE 21
19 XPRESS YONO - PAPL 22
20 SBI INSTA CREDIT (TOP-UP) 23
21 XPRESS – RMP 24-25
22 SBI-TATKAL E-PERSONAL LOAN 26
23 SBI QUICK PERSONAL LOAN THROUGH CLP PORTAL 27
24 XPRESS LITE 28
25 SPL YONO PAPL 29
25 SBI PENSION LOAN 26)JAI JAWAN PENSION LOAN 30-31
27 PENSION LOAN TO CMPF PENSIONERS
28 YONO - PRE-APPROVED PENSION LOANS (PAPNL) 32
29 PENSION LOAN SCHEME: PENSIONERS OF PSUs 33
30 INSTA PENSION LOAN ON YONO 34
31 LOAN AGAINST PROPERTY SCHEME (LAP)
35-37
32 SBI REVERSE MORTGAGE LOAN
33 HOME LOAN 38-39
34 SBI HOME TOP-UP LOAN
40-41
35 INSTA HOME TOP-UP LOAN
36 YONO INSTA HOME TOP UP LOAN 42
37 SMART HOME TOP UP LOAN 43
38 SBI PRIVILEGE HOME LOAN & SBI SHAURYA HOME LOAN
44-45
39 SBI FLEXI PAY HOME LOAN
40 HLs TO NON-SALARIED SEGMENT DIFFERENTIAL OFFERINGS
46-47
41 SBI REALTY SCHEME
42 SBI BRIDGE HOME LOAN
48-50
43 EARNEST MONEY DEPOSIT SCHEME (EMD)
44 SBI TRIBAL PLUS HOME LOAN 45) SBI MAXGAIN 51-53
46 PRADHAN MANTRI AWAS YOJANA (CLSS) 54
47 CRE HOME LOANS 48) SBI HOME LOAN PRE-APPROVED LIMIT 55-56
49 SBI ASSET BACKED LOAN (RH) 57-59
50 BUILDER FINANCE FOR RES. HSG PROJs 60-61
51 GNPFS - AFFORDABLE 62-63
52 BUILDER TIE UP 64
53 SBI EXLUSiF 65
54 YONO e2e DIGITISATION OF HOME LOANS 66
55 NRI HOME LOANS 67
56 LOAN AGAINST TDRs, NSCs, KVPs, LIC POL, SBI MF, SBI LIFE & SECURITIES 68
57 IMPORTANT CIRCULARS 69-70
 SBI GOLD LOAN (P SEGMENT) – 3 VARIANTS
SCHEME SBI PERSONAL GOLD SBI PERSONAL LIQUID SBI GOLD LOAN –
LOAN GOLD LOAN BULLET REPAYMENT

PURPOSE Bank's existing customers can avail the loan by pledge of gold ornaments including
gold coins sold by Banks. gold coins (weight of coins not to exceed 50 grams per
customer cir no. NBG/PBU/PL-PERLOANS/1/2013 – 14 dated 07.05.2013 &260719

FACILITY Demand Loan Over Draft Demand Loan

ELIGIBILITY Age: 18 years and above Profession: Anybody with Steady source of income
including: Bank’s Employees. Pensioners

SECURITY Pledge of Gold ornaments made of not less than 18 carat gold.
QUANTUM OF LOAN Minimum: Rs.20,000/- (All centres)
Maximum: Rs 20 Lacs/- (All centres)
MARGIN 25.00% 25.00% 35.00%
RATE OF INTEREST NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

PERIOD/REPAYMENT 36 Months Equated Monthly 36 Months (Interest to be 12 Months (Both

Instalments serviced on monthly basis. Interest and Principal to
(EMI) Principal to be paid at the be paid at
end of the term). the end of the term).
PROCESSING FEE 0.50% of the Loan amount + applicable Service Tax or Rs 500 + applicable service
Tax whichever is higher.
SCALE OF FINANCE Scale of Finance GOLD LOAN MARKET VALUE WEF 01052020.pdf
Appraisal Charges Gold Appraiser charges range will be @0.05% to 0.10% of loan
amount with a minimum of Rs 50/- and maximum of Rs 600/- in Urban/Metro location
and a minimum of Rs 50/- and maximum of Rs 300/- in Rural/Semi urban location.
PER cir dt. 11012018 , 8022018&AGR - 09012018, 05022018
SERVICE CHARGES NBG/BOD-GB/1/2017 – 18 dated 01.04.2017 Gold Safe Keeping Chgs after Closure
Service Charges – Gold Loans (Modifications) dt 10.01.2017

MS/SOP GOLD LOAN MASTER CIRCULAR dt 16042019

GOLD LOAN APPRAISER 08052018 AGR APPRAISER 1005201804022020.pdf
Gold Loan AGR Int up to 31122019
Gold Loan AGR Single Borrower 5 a/cs Max
Gold Loan AGR Distance 25 KM 260819
SOP- GOLD LOANS SOP – METAL GOLD LOANS Dated 06072017
GOLD RETENTION POLICY Dated 24012018
AGRI GL(MPGL) YONOCONTINUATION OFCONCESSION IN PRICING 291019
YONO Krishi AGRI GOLD LOAN ON YONO BRANCH PORTAL 241019
PROCESSING OF LOANS THROUGH RLMS 23042020
REFERENCE NBG/PBU/PL-GOLD/23/ NBG/PBU/PL-GL/21/ NBG/PBU/PLGL/21/
2014 – 15 dated 01.08.2014 dated 10.01.2017 dated 25.05.2016
Waiver of Opinion Reports, AGR GL Safe Keeping NBG/PBU/PL-GL/76/
Date: Thu 21 Nov 2019 Charges – 94/25 Nov 2019 dated 10.01.2017
 REALTY GOLD LOAN WITH THREE VARIANTS
(NBG/PBU/OPS-GOLD LOAN/9/2019 – 20 Date: Tue 3 Dec 2019)

i. Purpose SBI Realty Gold Loan can be availed by pledge of gold ornaments including gold coins sold by
Banks (Out of total Gold ornaments to be pledged the weight of Gold Coin(s) does not exceed 50 grams per
customer) to meet undernoted requirement: i) Margin money requirement in housing loan. ii) Registration
charges of house property. iii) Project price escalation

ii. Eligibility The loan can be sanctioned to the Housing Loan borrowers (both existing and new) with Minimum
capacity to service the interest/EMI (as applicable) and RSM score of 31 and above, as applicable to gold loan.

iii. Age 18 years and above

iv. Documents✓Loan Application form: PL-50(i) (As per Annexure-I) ✓Gold Ornaments Take Delivery Letter
with Gold Ornaments duly verified for quality and quantity. ✓Witness letter,if applicable ✓Appraiser
Certificate. In addition to KYC Documents as per RBI norms the following supporting documents need to be
obtained and verified. i) Margin money requirement in housing loan. Margin Money requirement as per the
Home Loan arrangement letter ii) Registration charges of house property. Estimate of Stamp Duty iii) Project
price escalation (any of the under noted documents): a) Estimate from empanelled valuer in case of
Construction. b) Letter from Builder in case of Flat. c) Letter from the RACPC/RASMEC regarding project Price
escalation. After processing and before disbursement of the loan, the following documents to be obtained. ✓
Arrangement letter with acceptance of Terms and Conditions ✓DP Note and DPN delivery letter

v. Loan Amount:Maximum: Rs. 20 lakh Minimum: Rs 50,000/-

vi. Product Variant with Repayment and Margin

1. SBI Realty Bullet Repayment Gold Loan where repayment of loan is permitted by way of bullet repayment
during the loan period/End of the term i.e. there is no repayment obligation during the loan term. Facility:
Demand Loan Margin: 35% Period of Loan: Max: 12 months. Repayment Mode: Bullet Repayment of Interest
and Principal at the time of closure/end of the term. Interest will be charged in the account at monthly rests but
will become due for payment along with principal only on maturity.
2. SBI Realty Liquid Gold Loan where Interest is to be served every month and principal will be due at the
end of the loan term. Facility: Overdraft with provision of Cheque Book (Current Account with Cheque Book
facility). Customers having transaction rights in INB, availing Gold Loan under Realty Liquid Gold Loan
Scheme will be able to transact in the account through the INB platform using existing credentials. Margin:
25% Period of Loan: Maximum: 36 months subject to review after every 12 months. Repayment Mode: The
Outstanding will be repayable at the end of the Loan Term. While reviewing the account, the operating units
should ensure that the monthly interest debited is serviced as per stipulations and outstanding is well within the
Limit / Drawing Power.
3. SBI Realty EMI Gold Loan where principal together with interest is repayable in Equated Monthly
Instalments (EMIs). Facility: Demand Loan Margin: 25% Period of Loan: Max: 36 months. Repayment Mode:
EMI from the next month of the disbursement of the loan.

vii. Processing Fees: 0.50% of loan amount subject to minimum Rs. 500 + GST

viii. Interest Rate NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

3. Eligible Branches: All Gold Loan Point Branches (GLPB) as per the list of branches annexed in the
Circular.
4. Income Tax benefit : Under Section 24(b) - Interest, Section 80C- Principal, Section 80EEA.

5. Product Codes:01 SBI Realty Liquid Gold Loan 65512099 MC-OD-REALTY LQD GOLD LOAN NOV 19 02
SBI Realty Bullet Repayment Gold Loan 64514032 MC-REALTY GOLD LN BLET N19 03 SBI Realty EMI Gold
Loan 64514033 MC-SBI-REALTY GOLD LN N19
 SBI EDUCATION LOAN – 3 VARIANTS
SCHEME SBI STUDENT LOAN SBI SCHOLAR LOAN GLOBAL EDVANTAGE

PURPOSE Extend financial assistance
to deserving/meritorious
students for pursuing higher
education in India and
abroad (Checklist)
For deserving/meritorious
students for pursuing higher
education in selected
Institutes in India
Part time courses 140219
For pursuing full time
regular courses in foreign
colleges/universities
Disburse -VISA 1211217
Tie-up with BITC -290917

ELIGIBILITY Graduation courses: B.A,
B.Com., B.Sc., etc.
Post Graduation courses:
Masters Degree and Ph.D.
Professional courses
List AA, List A, List B & List
C (as under)
26062019 – 181 Institutes
24072019 – 182 Institute
28082019 – 183 Institute
01112019 - 184 Institute
05112019 – 185 Institute
EDL SCHOLAR INSTITUTES
NID 201219.pdf
Regular full time Courses
in Institutions/ Universities
of USA, UK, Canada,
Australia, Europe,
Singapore, Japan and
Hong Kong & Newzealand
Dated 17062017 Dt
230518

SECURITY Upto Rs. 7.5 Lacs: No For security in the form of

Collateral Security or third List – AA * Without land/building, 110%
party guarantee Collateral: Up to Rs. 40 of the loan limit plus
Lacs simple interest to be
Above Rs. 7.5 Lacs: List – A * Without accrued on the loan
Tangible collateral security Collateral: Up to Rs. 20 amount during course and
Lacs moratorium period
With Collateral Up to 30 L
QUANTUM OF LOAN Studies in India - Max Rs. Minimum: Rs. 20 Lacs
List - B Without Collateral:
10.00 lacs. Medical – 30 Maximum: Rs. 1.5 Cr
Up to Rs. 20 Lacs
lacs.
List -C Without Collateral:
Abroad -20 lacs.For higher
Up to Rs. 7.50 Lacs * With
loan limit, the CGM of the
Collateral : > 7.5 - 30 Lacs
Circle to approve deviation EDL SCHOLAR XAVIER
on case-to-case basis, with LABOR RELATIONS
a maximum cap of up toRs. 280120.pdf
50 lacs.
MARGIN Up to Rs. 4 Lacs: Nil Up to Rs. 4 Lacs: Nil 10% - with each
Above Rs. 4 Lacs: Above Rs. 4 Lacs & up to disbursement
• 5% for studies in India Rs. 7.50 lacs – 5% Sourcing GEEBEE
• 15% for studies abroad Above Rs. 7.50 lacs - Nil 28062018
RATE OF INTEREST NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

PERIOD/REPAYMENT Moratorium - Course period + 1 year, or 6 months after Moratorium : 6 months

getting job, whichever is earlier. Repayment : Up to 15 Repayment: Up to 15
years after the commencement of repayment years

REFERENCE Master Cir NBG/PBU/PL-EDUCATION/58/2019 - 20 Date: Mon 2 Dec 2019

EMPANELMENT OF ELC M/S K C OVERSEAS EDU PVT Ltd. (KCOEPL),04032020
 SBI SKILL LOAN SCHEME (4)
Master Cir NBG/PBU/PL-EDUCATION/58/2019 - 20 Date: Mon 2 Dec 2019

SBI Skill Loan Scheme replaces the existing SBI Loan Scheme for Vocational Education and Training. The
detailed features of the revised SBI SKILL LOAN SCHEME are mentioned below:

Eligibility: • Training Institutes/ Courses: Courses run by Industrial Training Institutes (ITIs), Polytechnics,
training partners affiliated to National Skill Development Corporation (NSDC)/ Sector Skill Councils, State Skill
Mission, State Skill Corporation, preferably leading to a certificate / diploma / degree issued by such
organization as per National Skill Qualification Framework (NSQF) are eligible for a Skilling Loan. • Schools
recognized by Central or State Education Boards or Collegesaffiliated to recognized university leading to a
certificate / diploma / degree issued by such organization as per National Skill Qualification Framework (NSQF)
is eligible for a Skilling Loan.• There is no minimum course duration

Nationality: The applicant should be an Indian National

Minimum Age: There are no specific restrictions with regard to the Age of the student to be eligible for Skill
loan. However, if the student is a minor while the parent executes documents for the loan the bank will obtain a
letter of acceptance/ ratification from him/her upon attaining majority as in the case of Education loan.
Minimum Qualification : As required by the enrolling institution/ organization as per National Skill Qualification
Framework (NSQF). Know your Customer : (KYC) norms Aadhaar number will also be considered as a valid
proof of KYCnorms in addition to the other identity and address proof as per the norms of Education Loan
Scheme.

Quantum of Finance: Minimum Loan Amount: Rs. 5000 Maximum loan amount: Rs. 1,50,000. • For Govt.
Institutions: No separate validation of fees • For Private Institutions for loans above Rs. 50,000: Fee structure
will be validated by the PBBU of the concerned LHO. For this purpose, the PBBU at LHO will identify a nearby
Branch which can verify changes in fee structure on an ongoing basis

Margin NIL Processing Charges: NIL

Security: No collateral or third party guarantee will be taken. However, the Parent/ Guardian will execute loan
documents along with the student, as joint borrower (co-borrower). Spouse may be included as co-applicant
wherever applicable, in addition to Parent/ Natural Guardian.

Authorised branches: • In case of Government Institutes: All Branches, Except Rural Branches, are eligible
for doing Skill Loans • In case of Private Institutes: PBBU at the concerned LHO will identify a nearby Branch
which can verify changes in fee structure on an ongoing basis. As far as possible, loans in respect of such
institutions will be routed through the mapped Branch.

Moratorium Period: • Courses of duration up to 1 year: up to 6 months from the completion of the course •
Courses of duration above 1 year: 12 months from the completion of the course

Repayment :• Loans up to Rs 50,000: Up to 3 years • Loans between Rs 50,000 to Rs 1 lakh: Up to 5 years •

Loans above Rs. 1 lakh: Up to 7 years

Interest : NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

Maximum Loan Amount Product Code Product Name

Up to Rs. 50,000 6251-4327 TL-SBI Skill LN SC-50000
Above Rs, 50,000 and up to Rs.1 Lac 6251-4328 TL-SBI Skill LN SC-100000
Above Rs.1,00,000 and up to Rs. 1.5 Lacs 6251-4329 TL-SBI Skill LN SC-150000
 SBI AUTO LOAN – VARIANTS (1, 2, 3)
SCHEME SBI AUTO LOAN SCHEME
PURPOSE Purchase of New vehicles
FACILITY Term Loan
ELIGIBILITY AGE:-21-67 yearsRepayment
before 70 Y
Min NAI – For Salaried- Net
Monthly Income (NMI)
>=25000
Self-employed/Business – Net
Profit or Gross Taxable
income of Rs. 3,00,000/- p.a..
Agriculturists – Net annual
Income 4.00 lacs.The
maximum number of
applicants should be restricted
to two.Depreciation - 040719
All Govt. Employees having
Salary Package accounts with
SBI: Minimum CIC (CIBIL)
Score: 600
For others: Minimum CIC
(CIBIL) Score : 650
SECURITY Hypothecation of vehicle
Min 1 Lac, No max. facility-
85/90% of On-Road Price,
subject to max ex-showroom
price.
SBI ASSURED CAR SBI LOYALTY CAR LOAN
LOAN SCHEME SCHEME
Purchase of New vehicles To purchase new/old
passenger car, MUV and
sport utilityvehicle
Term Loan Term Loan
Existing Customers with Individuals including joint
unencumbered Fixed borrowers who have
Deposits a) Availed the housing loan
Age – 18 yrs – No Max. from SBI, b) Satisfactorily
Minimum Income - serviced the loan for at least
Not stipulated CIBIL one year after the
scores less than 600 and moratorium period, c) Taken
those in -1, 0, 1 to 5 the possession of the house
categories will also be d) Created valid equitable
eligible. mortgage and e) Maintained
security margin of at least
15% for
purchase/construction of
plot/house. f) Completed all
terms and conditions
regarding sanction of
housing loan.
Min NAI – Rs.2 lacs
1) Hyp of vehicle i) Hypothecation of vehicle
2) Pledge of TDR in ii) Equitable mortgage taken
his/their own name. for the housing loan should
Third party TDRs will not be extended to cover the
be accepted. new car loan. However, in
The car loan under the view of high stamp duty in
scheme will be sanctioned some of the states,
to the customer having extension of mortgage will
TDR/STDR in his/her own not be mandatory for car
name. Deposit in joint loan up to Rs. 10.00 Lakhs.
names with only two However, letter of lien on
persons will be accepted. title deed needs to be
In case of joint deposit, obtained.
one will be primary
borrower and other will be
co-borrower. Third party
TDRs/STDRs will not be
accepted. Documents
necessary for creation of
lien to be obtained.
SCHEME SBI AUTO LOAN SCHEME
QUANTUM OF Salaried : The maximum 48
LOAN times the net monthly income
of salaried persons.
Self-employed,
Professionals, Business
Up to 4 times the Net Profit or
Gross Taxable Income per
annum as per ITR.
Agriculturists
Up to 3 times the NAI
MARGIN 15% on road price.
The concessionary margin of
10% will continue in case of
customers under salary
package/ tie-up.
SBI ASSURED CAR
LOAN SCHEME
Min : Rs 2 lacs, Max : No
Limit
100% of FD for ‘On-Road-
Price’ of vehicle
Nil
SBI LOYALTY CAR LOAN
SCHEME
ia) 75% of present market
value of the house property
less present outstanding in
the Home Loan account and
Home Equity, if any.
b) EMI/NMI ratio will be as
per respective car loan
scheme.
c) Ex-show Room price of
the vehicle
LTV & Margin: - Maximum
up to 100% of On-road
price. Margin: Nil

EMI/NMI Up to Rs.5 Lakhs – 50% Not applicable. Up to Rs.5 Lakhs – 50%

>5 Lakhs to Rs.10 L - 60% >5 Lakhs to Rs.10 L - 60%
> Rs.10 Lakhs - 65% > Rs.10 Lakhs - 65%
RATE OF NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020
INTEREST EXTENTION OF INTEREST CONCESSION OF 25 BPS ON YONO 22042020

PERIOD/REPAYM 3 - 7 Years or Up to the age of 3-7 Years as per the original

ENT 70 Years whichever is earlier. schemes
In case of co-borrower,
repayment period will be
counted on the basis of age of
the elder borrower
OTHER SWITCH OVER OPTION TO During continuation of car Processing fee will be
GUIDELINES THE CURRENT EBLR RATE loan, partial withdrawal of recovered on the loan
OF INTEREST 14102019 TDR will not be allowed. amount upfront @0.4% +
GST of the loan amount;
minimum Rs 1,000/- +
CERSAI Filing of Security Forfeiture of the Deposit GST; maximum
Interest relating to Auto Loans may be permitted for Rs.7,500+GST
-30102019 liquidation of the entire
loan, at the request of the
borrower
REFERENCE
1. AUTO LOANS CERSAI REGISTRATION 18022019 &BULK UPLOAD 28022019
2. AUTO LOANS FRAUD PREVENTION MEASURES 11042019
3. PAYMENT OF SERVICE CHARGES TO CAR DEALERS, DSES AND ALCS – 08052019
4. AUTO LOAN - GOODS AND SERVICE TAX (GST) - DATE: MON 13 MAY 2019
5. MAXIMUM THREE CAR LOANS – 24052019
6. SEIZURE & AUCTION OF VEHICLE REVISED SOP- 240519
 7. SCHEME MODIFICATIONS 18062019 CIC (CIBIL) SCORE OF -1 27062019
8. CIC – 1 SCORE 24092019PROCESS FEE WAIVER 060819CRM TRACKING 060819
9. SCHEME MODIFICATIONS 15072019 CHECK LIST OF DOCUMENTS 15072019
10. SCHEME MODIFICATIONS 18062019
11. NO DEALER PAYOUT FROM NON-HUB BRANCHES 280819
12. AUTO LOAN DELEGATION POWERS - NBG/PBU/AL-AUTOLOAN/23/2019 - 20 19 NOV 2019
13. WAIVER OF OPINION REPORTS, A&L - NBG/PBU/AL-AUTOLOAN/24/2019 - 20 21 NOV 2019
14. AUTO LOANS ONLINE THROUHG CLP - : NBG/PBU/AL-AUTOLOAN/25/2019 - 20 10 DEC 2019
15. AUTO LOAN DEPRECIATION ADDING BACK WITHDRAWN 18022020.pdf
16. AUTO LOAN INT CONCESSION ON YONO 07012020.pdf
17. Master cir : NBG/PBU/AL-AUTOLOAN/35/2018 – 19 Date: Thu 22 Nov 2018
18. Master Cir. NBG/PBU/AL-AUTOLOAN/32/2019 - 20 Date: Tue 3 Mar 2020
19. BS IV VEHICLES SALES: DEADLINE - MARCH 31, 2020

SBI GREEN CAR LOAN (ELECTRIC VEHICLE) SCHEME (4)

Master Cir. NBG/PBU/AL-AUTOLOAN/32/2019 - 20 Date: Tue 3 Mar 2020

1. On the occasion of the “EARTH DAY”, SBI being a Responsible Corporate Citizen and as
sustainability initiative, has announced new scheme for Electric Vehicles “SBI GREEN CAR LOAN
(ELCECTRIC VEHICLE) SCHEME”.

2. SBI Green Car Loan is a new variant under our Regular Car Loan Scheme for purchase of Electric Vehicle
with following modifications in our existing Car Loan Scheme.

3.Age:21-67 years. (For sanction of loan)

The functionality is under development in LOS, till such time operating functionaries to strictly ensure
compliance of the above instructions, manually.

4.Repayment Period : Minimum 3 Years; Maximum 8 Years Rolled out in LOS.

5.Rate of Interest: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

6. Other Terms and conditions of Existing Car Loan Scheme will remain same as per Master Circular
No. PPBU/AL/1/ on car loan scheme dated 22.11.2018.

7.Product Code: 6450 4222 (MC-CAR-LOAN-EV-P-SEG-FXD -RT)

Electric Car variants presently available in the market are as under:

OEM CAR VARIANT
TATA TIGOR
M&M e-VERITO, e2O PLUS
 SBI AUTO LOAN – VARIANTS (5)
SCHEME SBI CERTIFIED PRE-OWNED CAR LOAN

PURPOSE For purchase of Certified Pre-Owned cars. The major car manufacturers have
established certified Pre-owned car outlets such as, Maruti True Value, Honda Auto
Terrace, Hyundai Advantage (now called H Promise), Tata Assured, Ford Assured,
Toyota U Trust, Mahindra First Choice and BMW Infinity Cars. The invoices from these
branded outlets only should be considered for financing.
FACILITY Term Loan
ELIGIBILITY Age 21-65 years. (Loan must be fully repaid before the borrower attains the age of 70
years.)
Age of the Car not more than eight years old.
Salaried : NAI- Rs. 2,50,000 & Above
Self Employed and Professionals& Others : NAI- Rs. 3,00,000 & Above
Persons engaged in Agriculture & allied activities : NAI- Rs. 4,00,000 & Above

SECURITY Hypothecation of vehicle

QUANTUM OF Minimum : Rs.3 lacs. Maximum : Rs.10 lacs.
LOAN a) The maximum loan amount that can be granted would be restricted to 30times the net
monthly income of salaried persons.
b) In case of others, maximum loan amount would be 2.5 times the net annual income
(i.e., income as per latest income tax return filed less taxes payable).
c) For agriculturists the annual net income should be arrived at by branches, based on
the nature of their activity, (i.e., farming, dairy, poultry, orchards) land holding, cropping
pattern, yield, etc. and average level of income derived there from in the area

MARGIN 20%.Invoice price of Maruti’s True Value, Hyundai’s H-Promise, Honda’s Auto Terrace,
Tata’s Assured, Mahindra’s First Choice will be accepted as quotation. For OEM’s cars
Insurance Dealer Value (IDV) is to be considered as quotation.
EMI/NMI Up to Rs.5 Lakhs – 50%
>5 Lakhs to Rs.10 L - 60%> Rs.10 Lakhs - 70%

R.O.I. NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

PERIOD/REPAYM 8 years minus the age of the vehicle at the time of applying for loan subject to a maximum
ENT tenure of 5 years.

OTHER Reimbursement of cost of vehicles is not permitted.

GUIDELINES At any point of time not more than 8 RC book with bank’s charge and Insurance policy
with banks hypothecation clause can be pending with a dealer. ➢ The mapped branch
should ensure this and till the time it is received the mapped branch has to follow up with
the dealer as well as the borrower for the same.
REFERENCE NBG/PBU/AL-AUTOLOAN/35/2018 – 19 Date: Thu 22 Nov 2018
Scheme Modifications – NBG/PBU/ALAUTOLOAN/ 34/2018 19 Date: 22112018
Master Cir. NBG/PBU/AL-AUTOLOAN/32/2019 - 20 Date: Tue 3 Mar 2020
 SBI AUTO LOAN – VARIANTS (6) - SBI CAR LOAN LITE
1. Purpose: - For purchase of new: Passenger cars, Multi Utility Vehicles (MUVs) and Sports Utility Vehicles
(SUVs).

2. Eligibility: - The scheme is applicable to Businessmen, Professionals & self-employed and Agriculturists
under “Tatkal Tractor Scheme” who are engaged in economic activity which gives them income but have no
proof of income.

3. Age: - 21-65 years, at the time of sanction of loan.

4. Income: - Minimum Net Annual Income (NAI) of Rs. 2,50,000/- declared in Application form.

5. Loan Amount: maximum Rs. 4.00 Lakh.

6. EMI/NMI: - Net Annual Income EMI/NMI Not to Exceed Up to Rs.5 Lakhs - 50%, Rs. 5- 10 Lakhs 60%,

Above Rs. 10 Lakhs 65%

7. LTV: - 75 % of On-road Price (Maximum up to 100% of Ex-show room price).

8. Margin: 25% of on-road price

9. Rate of Interest: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

10. Processing fee: - 0.50% of the loan amount + GST

11. Term: - Maximum 5 years.

12. Risk Scoring Model: Applicable

13. Pre-Sanction Survey: - To be conducted by bank official only.

14. Post Sanction Inspection: - To be conducted by bank official only.

Master cir : Master Cir. NBG/PBU/AL-AUTOLOAN/32/2019 - 20 Date: Tue 3 Mar 2020

 SBI SUPER BIKE LOAN (7)
Master Cir. NBG/PBU/AL-AUTOLOAN/32/2019 - 20 Date: Tue 3 Mar 2020

1 Purpose:(FOR NEW VEHICLES ONLY) Term Loan

2 Eligibility:(i) Regular employees of State/Central Govt., Public Sector Undertakings, corporations,private

sector companies, and reputed establishments. Defense Personnel: Commissioned Officer with minimum 6
Months length of Service is eligible. (ii)Professionals, Self-employed, Businessmen, proprietary/partnership
firms and others who are income tax assesse.(iii) Persons engaged in agriculture and allied activities can also
avail this scheme.

3 Age:21-65 years. (For sanction of loan)

4 Minimum Income:
i) Salaried: Net Annual Income of applicant and/or co-applicant if any, together should be Rs.2,50,000/- p.a.
and above. Income from other sources subject to submission of proof, like bank interest/dividends of listed
Companies, rent, agriculture income can be added.

ii) Self-employed, Professionals, Proprietary/Partnership firms and Businessmen:

Net Profit or Gross Taxable income of Rs.4,00,000/- p.a. as per ITRs after adding back can be clubbed
together for Self-employed, Professionals and Businessmen) as per ITR after adding back depreciation and
deducting repayment of all existing loans. Business Income from other sources like bank interest/ dividends of
listed Companies, rent, agriculture income can be added subject to submission of proof.

iii) Agriculturists:Net annual income of applicant and/or co-applicant together to be Rs.4,00,000/-.

The Net Annual Income will be arrived at based on the nature of the activity, land holding, cropping pattern,
yield etc. Other than the agricultural income, the borrower should have additional non-agriculture income
stream sufficient to take care of monthly installments.

5 Authorized Branches & Mapping of Branches:All scale III & above branches, all PBBs, all District Head
Quarter branches, Project Area branches and all Branches authorized by the AGM (RBOs) to process,
sanction and disburse car loans.

6 Minimum Loan Amount:Rs.2,50,000/- 7. Maximum loan amount: within permissible EMI/NMI

8 EMI/NMI Ratio:Up to Rs. 10 Lakhs: 50% Above Rs. 10 Lakhs: 60%

9 Margin: 15% of Ex Show Room cost of the vehicle. In case of customers under Corporate
SalaryPackage/tie-up margin is reduced by 5% and loan is available up to 90% of the ex-showroom price of
the vehicle.

10 Repayment: Maximum: 5 years for all categories of borrowers. Defense Personnel: In case of Short
Commissioned officer, before retirement or 5 years whichever is earlier.

11 Rate of Interest: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

12. Processing Fees: 1.00%, max. Rs.10000/-

13 Security: a) Hypothecation of vehicle b) Any other security including TPG for credit enhancement.

14. Parameters viz. Eligibility, Pre-sanction survey, Post sanction inspection, Authorized branches will
be applicable; as in SBI Car Loan Scheme
 NRI CAR LOAN (8)
Master cir : NBG/PBU/AL-AUTOLOAN/35/2018 – 19 Date: Thu 22 Nov 2018
Master Cir. NBG/PBU/AL-AUTOLOAN/32/2019 - 20 Date: Tue 3 Mar 2020

NRI Car Loan Scheme for New Vehicle‘ is similar to Car Loan Scheme‘ in terms of purpose , margin, rate of
interest, processing fee, repayment etc . The stipulations with regard to Age limit, Income Criteria, Guarantor,
Authorised Branches, service of notices, etc are as detailed hereunder. The formats and documentation of the
Car Loan Scheme are also applicable in this Scheme. Hence, only the specific features relevant for the
Scheme along with the revised formats, if any, are furnished hereunder. The operating functionaries are
advised to read the Scheme in conjunction with the features of Car Loan Scheme.

1.Eligibility: Non-Resident Indian. For Borrower & Guarantor Age: 21- 65 years (for both). Loan to be repaid
before the borrower attains the age of 65 yrs.

Under the NRI – Car Loan Scheme, the NRI will be the Borrower and the NRI’s close relative in India will be
the Guarantor

For Borrower: NRI fulfilling following conditions:

a) Having valid Indian passport b) Steady Source of Income c) Employed abroad for at least 2 years d) Holding
a valid job contract/work permit

For Our Bank Customers:

➢ Having NRI account for at least 12 months with min. average balance of Rs. 50,000/- or New Account with
USD 5000/- or equivalent.

Other Bank Customers:

➢ Having NRI account with other Banks for last 24 months with a minimum balance/fixed deposits of
Rs.50,000/-.

➢ The borrower will open NRI account with SBI for repayment of EMIs

2. Guarantor: Resident Indian who is the guarantor to the loan should be a close relative (as defined in
Section 6 of the Companies Act 1956) of the NRI borrower.

3.The scope of the term relative‘ will be as under:

1. Husband/ Wife 2. Father 3. Mother (including step-mother) 4. Son (including step-son) 5. Son‘s wife 6.
Daughter (including stepdaughter) 7. Father‘s father 8. Father‘s mother 9. Mother‘s mother 10. Mother‘s father
11. Son‘s son 12. Son‘s son‘s wife 13. Son‘s daughter 14. Son‘s daughter‘s husband 15. Daughter‘s husband
16. Daughter‘s son 17. Daughter‘s son‘s wife 18. Daughter‘s daughter 19. Daughter‘s daughter‘s husband 20.
Brother (including stepbrother) 21. Brother‘s wife 22. Sister (including step sister) 23. Sister‘s husband.

4.Minimum Income:- For Borrower: Minimum NMI US $ 1000.00 or equivalent in other currencies Or,
Minimum NAI US $ 12000 or equivalent in other currencies.
For Guarantor: No stipulation.
 NRI CAR LOAN (COND..)
5.Authorised Branches : The product will be launched in NRI intensive Branches as per list enclosed as
Annexure C of Auto Loan Master Circular dt 22112018. ―Beside these branches available in Annexure-E, the
General Manager of the respective networks at all Circles will have the power to add more branches for
sanctioning car loans under the scheme after evaluating business potential‖ (Circular No.- PB/AL/08 dated
November 10,2006.)

6.Loan Amount Loan amount would be given on the basis of Borrower‘s income.
Maximum Loan Amount: - 18 times of NMI (of Borrower)/ 1.5 times of NAI (of Borrower)

7. Parameters viz Purpose, Age, Rate of Interest, EMI/NMI, Loan to Value (LTV), Margin, Loan Term,
Risk Scoring Model, Pre-sanction survey, Post sanction inspection will be applicable; as in SBI Car
Loan Scheme..

8. Interest Rate: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

9. Security: a) Hypothecation of vehicle and noting of hypothecation charge in the books of R.T.O. b)
Obtaining of Collateral Security is waived. Dilution for collateral should be justified by a careful due diligence
process.

10. General: The following papers are to be submitted along with the application for NRI car loan

For Guarantor: a) Signature identification from bankers of guarantor. b) A copy of passport /voter ID card/PAN
card. c) Proof of residence.

For NRI Borrower: a) Declaration form (relation with guarantor) b) Passport copy with page containing visa
stamping. c) Copy of valid work permit d) Employment contract copy (an English translation duly attested by
employer/ consulate/ embassy/our foreign office if it is in any other language) e) Latest salary certificate in
original or proof of income in case of self-employed/professionals e.g. IT Return (of the residing country of
NRI)/ Tax Residency Certificate. f) Statement of overseas bank account for the last six months which reflect
credit of salary, savings etc. g) Copy of identity card issued by the employer h) Proof of residence (driving
license/ utility bills etc.) i) Power of Attorney, if applicable, in Bank’s standard format duly stamped and
notarized/ attested by Indian Embassy/Consulate. j) Two Credit Information Reports, one from CIBIL and
another from concerned overseas credit information company to be obtained. If the country of residence does
not have a credit score system for individuals, the bank will rely on the income level and the statement of
assets and liabilities k) KYC should be done on both borrower and guarantor. l) Income& Job profile should be
viewed during appraisals and operating staff may be authorized on the same appropriately m) Copy of
Continuous Discharge Certificate in respect of applicants employed in merchant navy.
 TWO-WHEELER LOANSCHEME (9)
Master Cir. NBG/PBU/AL-AUTOLOAN/32/2019 - 20 Date: Tue 3 Mar 2020

1. Purpose: Purchase of Two-wheelers.

2. Eligibility: - Loans will be sanctioned to existing customers under the following categories.

a) Permanent employees of State/ Central Govt, PSUs, Corporations, and Listed Pvt Sector companies
maintaining salary accounts.

b) Professionals/ self-employed & other IT assesses maintaining SB/CA/Time Deposit with satisfactory conduct
for minimum 1 year.

c) Persons engaged in Agriculture with SB/CA/Time Deposit maintaining satisfactory conduct for minimum 1
year.

d) Existing borrower customers with satisfactory repayment history may be considered selectively.

Loans will be sanctioned at home branches only.

3. Age: - 21-60 years, at the time of sanction of loan

4. Income: - Net Monthly Income (NMI) >=Rs. 12500/- Net Annual Income (NAI)>= Rs. 150000/-

5. Loan Amount: - Minimum: Rs. 30,000/- Maximum: Rs. 3.00 Lakhs.

6. EMI/NMI: - Up to 50%

7. LTV: - 75 % of On-road Price

8. Margin: - 25% of on-road price

9. Rate of Interest: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

10. Processing fee: - 1.50 % + Applicable GST; Min: Rs 250/ +GST Max: Rs 500/ +GST.

11. Term: - Maximum 36 Months

12. Risk Scoring Model: Applicable

13. Security: - Hypothecation of vehicle.

14. Pre-sanction/Post Sanction: Applicable

 PRE-APPROVED CAR LOANS (PACL) (10)
(NBG/PBU/AL-AUTOLOAN/20/2019 - 20 Date: Wed 30 Oct 2019)

Our bank has a huge base of Low-risk Salaried Customers like employees of government, semi-government,
profit making PSUs, educational institutions of national repute as well as employees of Pvt. sector companies,
to leverage the available data of these customers proactively and approach them for mobilizing the business.
Bank has come out with new variant Pre-Approved Car Loans (PACL) for all these customers to extend car
loan for purchase of new car as per SBI Car Loan Scheme.

2. Based on the following selection criteria, the eligible account holders are shortlisted at corporate centre to
approach them and mobilize car loan business Parameters Details Banks existing salaried customers will be
pre-selected for this product offering based on Account should be opened withfollowing eligibility criteria:
Salary Package.

2a. Eligibility: Account with single credit of minimum of Rs. 25000/per month for last 12 months excluding cash
deposit and system Account Age of the customer should be above 21 Years.Account should be in single
name. should be KYC compliant. Resident status of the customerCIBIL cut-off score of 750. should be
Resident Indian

2b. Nature of facility: Term Loan

2c. Validity of offer: The offer to the pre-selected customers will be valid for 90 days. The list will be dynamic,
and a new list will be prepared on quarterly basis based on the eligibility criteria as stated above.The new list
will be updated at the back end every quarter to add new accounts which become eligible as per the above
criteria and similarly to remove all such accounts which become ineligible.

3. Analytics department has scrubbed the available data and the Circle wise list of eligible customers is being
made available on analytics department dashboard (SBI Times > MY Work Place> Department I> What’s
new). All these customers will be intimated about their eligibility through SMS, e-mail and through the banner,
which will be displayed on YONO post login screen.

4. The detailed process to be followed by the concerned operating units for Preapproved Car Loans has been
described in Annexure-1 of the aforesaid Circular. As these leads are generated by bank, there will be no pay
out to the dealers.

5. All the interested customers, when approached, will be identified based on the ID proof (any one of OVD)
and the address will be verified from acceptable documents. The lead available in CRM will then be pushed to
LOS at Quick Data Entry (QDE) stage
by selecting CRM Reference Number so that the prefilled information viz. income, EMI/NMI, LTV etc. will be
auto populated in LOS screen which needs to be verified with the documents submitted by the customer.
Thereafter, the remaining fields are also to be completed in LOS based on the documents provided by the
customer.

6. PRODUCT CODE: 6450-4224

7. Interest Rate : NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

 SBI XPRESS CREDIT– VARIANTS (1, 2, 3)
SCHEME SBI XPRESS CREDIT
PURPOSE for any legitimate personal purpose
FACILITY Term Loan or
OD reducing DP
ELIGIBILITY Central and State Government Defence
& Paramilitary Forces Quasi-
Government Central PSUs & State
PSUs* Educational Institutions of
National Repute (Institutions under SBI
Scholar Loan Scheme) Corporates
Govt.(Central & State)/ Govt. Aided/ Semi-
Govt. Schools and Colleges Employees
of negative list Companies (D-rated) will
not be eligible under the scheme. (List of D
rated companies have been placed on our
PBBU website and is updated at Quarterly
intervals)
*Note: Loss making State PSUs to be
considered only with prior approval of DMD
(RB).
(a) CATEGORYI: Full CHECK OFF
(i) XP-4: Undertaking from the applicant
addressed to the employer (DDO) (ii) XP-5:
Undertaking from the employer (DDO)
addressed to Bank, based upon the
annexure XP-4 (iii) XP-6: undertaking from
the applicants addressed to Bank when the
applicant is himself DDO (no XP-4 or XP-5
to be obtained). (including Defence Salary
Packages (DSP, PMSP and ICGSP).
(b) CATEGORY II: NO Check Off –
(i)SB/CA, (ii)irrevocable SI.
SECURITY NIL
QUANTUM OF (i) Term Loan
LOAN Minimum: Rs.25, 000/-
Maximum: 24 times NMI subject to
maximum of Rs. 20.00 lacs.
(ii) Overdraft : Minimum: RS.5.00 lacs
Maximum: 24 times NMI subject to
maximum of Rs.20.00 lacs.
There cannot be more than 2 Xpress
Credit Loans (including all variants) in
one CIF
XPRESS CREDIT –
NON PERMANENT
EMPLOYEES
for any legitimate personal purpose
Demand Loan
Minimum Net Monthly Income : Rs.10,000/-
• The salary account should have been with
our Bank for the last one year.
• Should be working continuously in the
Organisation/Institution
for the last 3 years. Salary is credited in the
account by the employer i.e., no cash
payment of salary.
• For contractual employee, the minimum
remaining period of contact should be 12
months from the month of Repayment Start
Date
Third Party Guarantee worth the amount of
loan
12 times the average of last 6 months’
salary credit in the account but
not more than last month’s salary credit in
the account subject to EMI/NMI not
exceeding 40%.
Minimum : Rs.50,000/-
Maximum :
(a) For NMI Income below Rs.50,000/- :
Rs.2.00 lacs
(b) For NMI Income of Rs.50,000/- and
above : Rs.5.00 lacs.
SCHEME SBI XPRESS CREDIT XPRESS CREDIT – NON PERMANENT
EMPLOYEES
MARGIN NIL NIL
EMI/NMI 50.00% 40.00%
INTEREST NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020
PERIOD/ Govt. Salary Package customers (i.e. Non-Permanent Employees other than
REPAYMENT DSP/ PMSP/ ICGSP/ CGSP/ SGSP/ RSP/ Employees on Contract basis : 36 months.
PSP customers): Repayment period will be For Contractual employees: 36 months or
“maximum 72 months or residual service the remaining period of expiry of Contact,
period whichever is less”. Corporate whichever is lower. However, Contractual
Salary Package customers (i.e. CSP): employee should have min. 12 months
Repayment period will be “maximum 72 service left for expiry of the contract.
months or residual service period
whichever is less (should be repaid by the A suitable Undertaking on the lines of
age of 60 years)”. prepayment charges of Xpress Credit Loan scheme will
3% on prepaid amount be given by the Employee (borrower) and
CIC - Govt Salary Package (DSP, ICGSP, Employer along with the
PMSP, RSP, PSP, SGSP, CGSP etc.): loan application form.
CIC Score of 600 and above
Corporate Salary Package (CSP): CIC Prepayment charges of 3% on prepaid
score of 650 and above amount.
OTHER Provision for 2nd Loan : Applicants may
GUIDELINES avail second loan any time after availingAuthorized Branches
first loan subject to overall satisfactory Only Urban & Metro Branches are
track record and EMI/NMI ratio <= 50%. authorized to entertain loan applications
Customer may opt for a second loan under the scheme. Circle CGM has been
or, may close the existing loan and open vested with Powers to authorise Captive and
a new loan with enhanced limit. Campus branches located in Semi Urban
and Rural Centres to sanction the loan
Processing Fee 1.50% of Loan under the scheme. For proper monitoring
Amount subject to minimum Rs 1000/- and followup, loans will be sanctioned and
and maximum Rs 15000/-, plus GST. disbursed through only one Branch where
100% Waiver for DSP/PMSP/ICGSP Salary Accounts of the employees are
Customers. The concession is valid up maintained.
to 30.06.2020. (vide circular letter no. In addition to the extant instructions, all
PNB/C&ITU/138 dated 19.06.2017. 50% Scale-III & above branches in SemiUrban
concession for CGSP/SGSP/PSP and Rural Centres are authorised for
Customers. vide e-circular No.NBG/PB/ processing loan applications under the
CITU-CSP/1/2018-19 dated 13.04.2018. scheme, as per delegation of financial
The concession is valid up to powers.
31.03.2021. 50% concession to
Railway Salary Package Customers
(RSP) vide e-circular no. NBG/PB/CITU-
RSP/8/2017-18 dated 20.12.2017
REFERENCE 1. XPRESS CREDIT CLARIFICATIONS ON REPAYMENT PERIOD 070220.pdf
2. XPRESS CREDIT MASTER CIRCULAR 030220.pdf
3. XPRESS CREDIT TAKE OVER 10012020.pdf
4. XPRESS CREDIT WITHDRAWAL OF CONCESSION IN INTEREST RATE FOR
CHECK-OFF FACILITY 211219.pdf
5. XPRESS CREDIT WITHDRAWAL OF SCHEME FOR IT EMPLOYEES 17032020
6. MODIFICATIONS CIR DT 15042020
 SBI XPRESS CREDIT– VARIANTS (4)
SCHEME XPRESS CREDIT – ELITE

PURPOSE for any legitimate personal purpose

FACILITY Overdraft (Reducing DP)
ELIGIBILITY All employees working in Central/ State Governments establishments, Quasi
Government Bodies, PSUs, Defence, with Net Monthly Salary above Rs. 1,00,000/-.

(There is no compulsory requirement of him/ her maintaining salary

account with the Bank)

Minimum CIC Score (TUCIBIL)

of 600 for Govt. salary package category and 650 for Corporate salary package
SECURITY& MARGIN NIL
QUANTUM OF LOAN 24 Months NMI of the employee.
Minimum Loan Amount : Rs. 3,00,000
Maximum Loan amount: Rs. 20,00,000
EMI/NMI 60.00%
RATE OF INTEREST NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020
PERIOD/REPAYMENT Maximum 72 months or residual service period whichever is less
OTHER GUIDELINES Applicants may avail second loan any time after availing first loan subject to overall
satisfactory track record and EMI/NMI ratio not exceeding 60%.
REFERENCE XPRESS CREDIT MASTER CIRCULAR 030220.pdf
MODIFICATIONS CIR DT 15042020
 SBI XPRESS CREDIT VARIANTS - YONO – PAPL (PAXC) (5)
(NBG/PBU/PL-PERLOANS/39/2017 – 18 Date: Mon 6 Nov 2017)
NBG/PBU/PL-PERLOANS/23/2018 – 19 Date: Thu 19 Jul 2018
(NBG/PBU/PL-PERLOANS/48/2018 – 19 Date: Thu 13 Dec 2018)
XPRESS CREDIT LOAN (DIGITISED PROCESS)- SOP – 21022019
NBG/PBU/PL-PERLOANS/56/2019 - 20 Date: Fri 22 Nov 2019 – Short Code SMS

1 Purpose: Any personal purpose other than speculative purposes.

2 Eligibility:Bank’s existing customers will be pre-selected for this product offering based on following
eligibility criteria: Account should be opened with a Salary Package (SP) product code. (For e.g. CGSP, CSP,
DSP, ICGSP, PMSP, PSP, RSP, SGSP etc.) Account should be in single name (Joint Accounts not eligible).
Residential Status of the Customer should be “Resident Indian.” Account should be KYC compliant. Aadhaar is
Mandatory. Age of the customer should be between18-56 years.There should not be any existing Xpress
Credit loan (including Insta Credit/Top up loans) account under the CIF None of the existing loan accounts
under the CIF should have SMA 2 and above. None of the existing loan accounts under the CIF had been NPA
in last 12 months. None of the existing loan accounts of the customer any Bank/Financial Institutions should
have been NPA (i.e DPD>90 days) in last 12 months. There must be at least one credit every month for last 12
months.Median of the ‘Maximum credit in the salary account in each month for last 12 months.’ ≥ Rs
5000.CIBIL score criteria is as under: CGSP, DSP, PMSP, ICGSP, PSP, RSP, SGSP, CSP customer with
Select Employer Code* - No CIBIL cut off score, Others 700.

3 Nature of Facility/Product code: Term Loan/ 64504219 - MC-TL-PRE APPRVD XPRES CR

4 Availability of the Facility:PAPL is available only through “YONO” App/ “yonosbi.com” Portal.
The loan account will be parked in the Home Branch (which maintains the Salary Account considered for PAPL
eligibility)

5 Loan Amount: Minimum Limit: ₹ 25000/-, Max: 24 times NMI subject to maximum of ₹8,00,000/-,Subject to
EMI/NMI ≤50%. NMI = Median of the ‘Maximum credit in the salary account in each month for last 12 months.’

6 Loan Tenure Maximum: 72 months or {58 years- Age of customer (years and months) as on Quarter end
date of data extraction i.e. 31st March, 30th June , 30th September, 31st December} in months, whichever is
lower Subject to EMI/NMI ≤ 50%

7 Rate of Interest: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

8 Security Nil (Unsecured Loan)

9 Processing Fee: Rs 2000 + Applicable Tax

10 Penal Interest If the irregularity in loan account exceeds EMI, a penal interest at 2% p.m. (over and above
the applicable rate of interest) will be charged on the overdue amount for the period of default.
If part installment EMI remains overdue, no penal interest will be charged.

11 Pre-payment Penalty: No pre-payment or part-payment penalty applicable.

12. Validity of Offer: The offer to the pre-selected customers will be valid till the end of Calendar Quarter in
which they are offered the loan. The list of Accounts pre-selected for this offer will be dynamic and a new list
will be prepared on quarterly basis based on the eligibility criteria as stated above. The new list will be updated
at the back end every Calendar quarter so that all ineligible account holders, who may be previously eligible,
are removed from the list.

13.XPRESS CREDIT MASTER CIRCULAR 030220.pdf

 XPRESS CREDIT SCHEME - SBI INSTA CREDIT
TOP UP LOAN ON INB & YONO PLATFORM (6)
(NBG/PBU/PL-XPRESS/46/2017 – 18 Date: Tue 26 Dec 2017)
(NBG/PBU/PL-PERLOANS/48/2018 – 19 Date: Thu 13 Dec 2018) – Now available on YONO)

a. Purpose: Any personal purpose other than speculative purpose

b. Eligibility: Existing Xpress Credit Loan Borrowers who fulfill the following conditions will be offered “SBI
Insta Credit Top Up Loan”
Minimum existing Xpress Credit Loan Limit of Rs 1 lac
Minimum residual maturity of Xpress Credit Loan 1 year
Satisfactory repayment record of at least 1 year
The customer should not have an existing Top up Loan
No instance of the Xpress Credit Loan slipping to RG3 and beyond in last 1 year
Repayment of Loan will be only through SI.

c. Validity of Offer: The offer will be made to preselected customers on our INB Platform which will be valid
for a period of 3 months from the date of activation of the offer. A fresh list of eligible customers will be
extracted at the end of each quarter and a suitable message conveying new offers will be shown on The offer
message will not be shown to thethe INB Platform. ineligible customers

d. Loan Amount: 20% of Xpress Credit Limit (Existing Loan Limit)

Minimum: Rs 20,000 Maximum: Rs 3,00,000

e. Nature of Facility: Overdraft (with Reducing DP)

f. Loan tenure: Residual Maturity Loan Tenure 12 mts – 35 mts 1 year (12 mts) 36 mts – 48 mts 3 years (36
mts)

g. Number of Loans: At any point of time, only 1 “Insta Credit Topup Loan” will be allowed to exist under the
proposed scheme. Second Loan may be considered only after a gap of one year from the date of opening of
the previous “Insta Credit Topup Loan” subject to the condition that the 1st Top up Loan has been closed.

h. Repayment Period: The overdraft will be repayable by way of EMIs commencing after one month from the
month of disbursement. The overdraft facility will be permitted to operate on a reducing drawing power
arrangement on EMI basis. The drawing power in the Overdraft will be reduced to the extent of the principal
component of the EMIs so that the outstanding in the account is liquidated at the end of the stipulated tenure.
The maximum repayment period will be 3 years Repayments will be effected by automatic setting up of
Standing Instructions.

i. Prepayment: As per Xpress Credit Scheme

j. Security: Nil
k. Interest Rate : NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

l. Processing Fee: A flat processing fee of Rs 500 plus applicable service tax will be levied under the product.
Processing fee will be deducted from the loan amount before disbursement.

J. Classification: The new scheme will be classified as a part of Xpress Credit Scheme.

K. Product Code: 65514217 MCINSTA CR TOPUP LOAN(OD)

XPRESS CREDIT MASTER CIRCULAR 030220.pdf

 XPRESS CREDIT – RISK MITIGATED PRODUCT (RMP) (7)
(NBG/PBU/PL-PERLOANS/14/2018 – 19 Date: Fri 8 Jun 2018)

1. Eligibility Criteria :

(a) Employers: Same as the regular Xpress Credit Loans

(b) Employees: Permanent employees with a minimum of 1 year’s length of service Should be receiving
monthly salary through Salary Account during last 6 months. For new Salary Package Accounts, Bank Account
showing salary credits to be ensured (including last one through our Bank). Should comply with Bank’s KYC
norms. Should not be a minor or Non Resident Indian. Maximum age should not be more than 60 years.
Certain categories of employees e.g. School teachers, police personnel, state government employees etc. who
get salaries irregularly either because of financial stringencies of the concerned State Governments (employer)
or transfers / unauthorized absence of such categories of personnel are to be considered under RMP Xpress
Credit. Loans to employees of Loss-making State PSUs dealing with utility services like Electricity, transport,
water supply, etc. will be considered under RMP, with the approval of DMD (RB) at the Corporate Centre.
Loans to teaching and non-teaching staff of Private Schools and colleges. For customers having one
instance of overdue monthly payment in the last 6 months with DPD more than 60 days &upto 89 days, Xpress
Credit- RMP product may be offered and there should be no overdue at the time of processing of the loan.

(c) Approvals: Homogeneous target groups and Employers to be identified from a geographical region and
to be approved by the Controllers (RM/DGM (BO)). The details to be shared with PBBU Corporate Centre to
capture the employer in LOS. Loss making state PSUs dealing with utility services to be approved by the
DMD (RB) based on Circle recommendations and will be defined in LOS by PBBU Corporate Centre. In
case, the product is offered based on individual employee behavior or his/her salary payment pattern, no
separate approval required.

2. Other Terms & Conditions: Margin: NIL Security: NIL. Third Party Guarantee: NIL EMI/NMI ratio:
<= 50%

Processing Fee: As applicable under regular Xpress Credit scheme.

Type of Loan: Term Loan only Loan Amount Minimum Loan Amount: Term Loan: Rs. 25000.00
Overdraft: Rs. 5 lacs Maximum Loan Amount: Rs 20 lacs subject to 24 times of NMI subject to EMI/NMI <=
50%.

Repayment Period: Maximum 72 months or residual service period whichever is less (should be repaid by
the age of 60 years). CIC Stipulation: Same as regular Xpress Credit scheme Rate of Interest: As
applicable under regular Xpress Credit scheme

3. Product features: This product is exclusively for identified high risk categories of employees where there is
a clear and discernible past trend/indicative future delays in salary payments. The product aims at addressing
delinquencies observed in regular Xpress Credit loans on account of irregular salary payments due to periodic
financial constraint of the employer or stoppage of salary due to unauthorized absence/similar act of the
employee. A sum equivalent to 3 EMIs are recovered upfront and parked in a special Current Account (Debt
Reserve Current (DRC) A/C) linked to the Loan Account. The balance in the DRC is utilized through auto
sweep once the loan account slips to RG3 and the interest in the loan account is calculated and applied by
netting of balances in the Loan A/C and DRC Account. Once DRC balances are utilized, there will be
autosweep for 3 EMI from salary Account to DRC, whenever there are salary payments in the linked Salary
Package Account. The deposits in the DRC Account will be utilized again once loan account slips to RG-3,
during the Loan life Cycle..

Interest Rate : NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

 XPRESS CREDIT – RISK MITIGATED PRODUCT (RMP) (7)(Contd..)
4. The process flow, in brief, is as under:

a) Loan Processing - Xpress Credit loans to these borrowers to be opened under separate product codes
(64504212/64504213, as applicable, based on the employer). - System will automatically open a Current
Account (Debt Reserve Current A/C). - The DRC Current Account (Reserve Fund) shall be manually linked to
the Term Loan Account. - Post disbursement of the Loan, an amount equal to 3 EMIs should be manually
transferred from salary account to the Linked Current Account. b) Loan Maintenance - If the loan becomes
RG3 (Old IRAC), then system will transfer the due amount (i.e. 3 EMIs) from DRC account to RMP Xpress
Credit loan account. - Whenever Salary account has sufficient balance, system will automatically debit the
salary account and replenish the DRC account (based on the Sweep) - This will happen when the old IRAC
turns RG3 during currency of the loan.

5. The Standard Operating Procedure (SOP) is per Annexure I. All other product features and other terms
and conditions for Xpress Credit Loan Scheme will be applicable to the schemes RMP Xpress Credit and RMP
Xpress Credit (Loss Making State PSU). The loan Accounts should be opened under the Product Codes:

Product Code Product Description 6450-4212 MC-TL- RMP XPRESS CREDIT 6450-4213 MC-TL-RMPXP-
LSTPSU JLY18

6. Employees of Private Schools & Colleges (Both teaching and non-teaching): The eligibility norms for such
employees for loans under RMP Xpress credit are as under: These Private Schools and Colleges should be
at least 15 years old and should be affiliated to CBSE/ ICSE/UGC/AICTE etc. The Private Schools/ Colleges
must have 5 years of banking relationship with us. The number of employees (teaching and non-teaching) of
such Institutes should not be less than 50. There should not be any default in contribution towards EPFO
pertaining to the employees of these Private Schools and Colleges. The Loans will be sanctioned and
disbursed through only one Branch where the Salary accounts of the employees are maintained for proper
monitoring and follow up. The respective Circle CGMs will approve the Institute based on fulfilment of the
above parameters.

All other terms and conditions will be same as applicable to the Xpress Credit Scheme.

XPRESS CREDIT MASTER CIRCULAR 030220.pdf

 “SBI-TATKAL E-PERSONAL LOAN” FOR UNSERVED AND
UNDERSERVEDCUSTOMERS (8)
(R&DB/PBU/CD&e-COM-PL/1/2017 – 18 Date: Mon 26 Mar 2018)

1 Product NameSBI “SBI-TATKAL E-PERSONAL LOAN” (MOB APP BASED) (MC-SBI-E-PL- MOB APP
BSD)
2 Product Code6451-4207
3 Nature of FacilityDemand Loan
4 PurposeAny personal and domestic purpose other than speculative purposes

5 Eligibility and Amount of Loan

All SB account holders of SBI with following specifications:
a) The a/c is KYC compliant b) Age of the customer: 18 Yrs. to 60 Yrs.
c) Account should not be “in-operative” for the past two years
d) Single (not joint) account holder e) Customer should not have existing active OD under e-Commerce
product code/Existing Pre-Approved Personal loan under Project Lotus (with outstanding amt.) / Insta Credit
Loan / Existing Pension Loan / Existing X-press Credit Loan
f) Both salaried (other than CSP customers) and Non- Salaried customers, fulfilling the above criteria are
eligible for the loan.
g) AQB of the customer for the last 04 quarters for eligibility and Corresponding Eligible Loan Amount are as
given below.
Min AQB Max. Loan
20000 To 24999 40000
25000 To 29999 50000
30000 To 39999 60000
40000 To 49999 80000
50000 & Above 100000
h) Minimum Alternative Trust Score to determine eligibility for loan is given below.

1. Customers who are new to Credit: - Required Minimum Alternative Trust score will be: 825 and above
2. Customers who are having existing Credit history: - Required Minimum Alternative Trust Score will be >650
+ Bureau cutoff of 564
3. Customers who have only bureau data and no alternate data – >700 for Salaried and >750 for non-
salaried

6 Repayment - Loan is repayable in 6/9/12 months as per customer’s choice. The Loan will be repayable by
way of EMIs. Standing Instruction (SI) for EMI payment will be automatically set up
on Savings Bank Account of the customer.
7 Availability of the Facility - “SBI-Tatkal e-Personal Loan” will be available to the customers through
“SBI Loans App”
8 Loan Amount Minimum Limit: 25,000/- Maximum Limit: 1,00,000/-
9 Loan Tenure6/9/12 months Minimum: 6 months Maximum: 12 months
10 Number of PL available - Only one PL is available to a customer at any point of time
11 Partial Disbursement- No. Partial disbursement is not allowed
12 Renewal Frequency- Not Applicable
13 Rate of Interest - NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020
14 SecurityNil (Unsecured Loan)
15 CIS Facility Code- Demand Loan (reducing DP)
16 Processing FeeNo Processing Fee
17 Moratorium No moratorium period is available

XPRESS CREDIT MASTER CIRCULAR 030220.pdf

 SBI Quick Personal Loan Scheme through CLP portal (9)
(NBG/PBU/PL-PERLOANS/38/2019 – 20 Date: Fri 30 Aug 2019)
(NBG/PBU/PL-PERLOANS/39/2019 – 20 Date: Fri 30 Aug 2019)

1. Purpose : Any personal purpose other than speculative purpose

2. Eligible Employer : Central & State Government, Quasi Government, Central & State PSUs,
Corporates (Private & Public Ltd.), Educational Institutions of National Repute (Institutions covered
under SBI Scholar Loan Scheme & Whitelisted Institutes under Student Loan Scheme).
Eligible Employee : Salaried employee having minimum one year regular service
RSM Score of > 40 (as applicable under Xpress Credit scheme)

3. Gross Monthly Income : Minimum Rs.20,000/-

4. Loan Facility :Term Loan

5. Loan Amount :Minimum: Rs.24,000/- Maximum: Rs.15,00,000/- subject to 24 times NMI

6. EMI/ NMI<= 50%

7. Age 21 – 58 years

8. Repayment Period : Maximum 60 months or residual service period whichever is less

9. Repayment Mode : Salary A/c with our Bank: SI Salary A/c with other Bank: NACH/ ECS

10. Processing Fee : 1% of the loan amount plus GST as applicable

11. CIBIL Score : Minimum 650 with no default

12. Rate of Interest :

NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

13. Security/ TPG : NIL as applicable under Xpress Credit Scheme

14. Pre-Payment/Closure Charges : 3% of the prepaid amount, as applicable under Xpress Credit
Scheme

15. Discretionary Power for Concession in Interest Rate : No Discretionary power to Circle
functionaries, except for 25 bps for existing customers who are maintaining salary account with SBI

16. Pre-Sanction Survey : As applicable under Xpress Credit scheme

17. Sanctioning Authority : Any Scale-III and above branch in Rural & Semi-urban areas & any Scale-II
and above branch in Urban & Metro areas. Any branch near to place of posting or, current/ permanent
address of the applicant may process and sanction these loans, as per Delegation of Financial Powers.

18. Checklist of Documents:

1.Application form (To be downloaded from CLP & duly signed by customer)
2.passport size photographs 3. months’ Salary Slips 4. Assets & Liabilities statement 5.Proof of Identity
& Current/ Permanent Address, as per Bank’s KYC guidelines

19. All other terms & conditions as applicable under Xpress Credit scheme.

XPRESS CREDIT MASTER CIRCULAR 030220.pdf

 XPRESS LITE (10)
(NBG/PBU/PL-XPRESS/48/2019 - 20 Date: Mon 14 Oct 2019)

The Competent Authority has now approved a new product “XPRESS LITE” for our salary package customers
drawing Net Monthly Income in the range of Rs.7000 to Rs. 14,999. The features of the new product are as
under:

1. Eligibility All salary package customers with regular salary credits in Salary Package accounts (excluding
non-permanent employees and irregular salary credits). For CSP customers mapping of employer code is
mandatory.

2. Net Monthly Income Minimum: Rs. 7000 Maximum: Rs. 14999

3. Loan Amount Minimum: Rs.25000 Maximum: Rs. 1,80,000 Subject to12 times of the Net Monthly
Income and EMI/NMI ratio <= 40%

4. Repayment Period Maximum 36 Months or residual service whichever is less

5. Loan Type Term Loan

6. Processing fee 1.50% of the loan amount plus GST, with a minimum of Rs 1000 plus GST

7 Rate of interest NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

8 2nd Loan No second loan. Fresh loan with enhanced limit can be sanctioned after closing the existing loan.

9 Product Code 6450 – 4243: MCTL-XPRESSLITE-OCT19

All other terms and conditions will be same as applicable to the Xpress Credit Scheme.

XPRESS CREDIT MASTER CIRCULAR 030220.pdf

 SPL PAPL SCHEME THROUGH YONO (11)
NBG/PBU/PL-PERLOANS/4/2020 – 21, Date: Wed 6 May 2020

In order to provide affordable credit through digital channel during the ongoing pandemic i.e. COVID-
19 and to address their immediate liquidity requirements, the competent authority has approved a
new product “SPL PAPL Scheme” through YONO for salaried customers maintaining their salary
account with our Bank. The new product is expected to be rolled out shortly and will be available up
to 30.06.2020.

Purpose : Any personal purpose other than speculative purpose.

Applicable Period : Loan to be available digitally through YONO till June’20

Loan Amount 3 times of Net Monthly Salary, subject to Minimum: Rs. 25,000 Max: Rs. 3 lakhs

Eligible Customer : Salary Package customers (including Xpress Credit borrowers) satisfying
following stipulations in CBS:
NMI above Rs. 25,000 during last 3 months
KYC Compliant account
Account should be active and operative for last 6 months
Age: 25-58 years
Mobile Number registered in CBS
PAN/ Aadhaar available in CBS
Customer should not have any NPA loan account during last 6 months and should not have
any existing loan account with SMA-1 or above
In case customer is already eligible under other PAPL product, variant offering higher loan
amount to be available.

Loan Facility Demand Loan

Processing Fee :
Loans upto Rs.1 lakh- Flat Rs. 500/- plus GST
Loans above Rs.1 lakh- Flat Rs. 1000/- plus GST
CIC (CIBIL) Stipulation :
Minimum CIC Score of 700 for CSP customers and minimum
650 for Govt. & Defence Salary Package customers
No “Negative Status” and no live NPA in CIR

Loan Tenure Maximum 18 months (including 3 months’ moratorium). Interest to be charged during
Moratorium

Availment of Loan : Through YONO only

Disbursement : Real-time in Salary Package account of the eligible customer through YONO

Repayment Mode : Standing Instruction (SI) on the Salary Package account

Security NIL Pre-Payment/Closure Charges NIL

Product Code 6451-4034 – MC-DL-COVID19YONOPL

 SBI PENSION LOAN VARIANTS (1,2,3)
SCHEME SBI PENSION LOAN JAI JAWAN PENSION PENSION LOAN TO
LOAN CMPF PENSIONERS

PURPOSE for any legitimate personal for any legitimate personal for any legitimate personal
purpose purpose purpose

FACILITY Demand Loan Term Loan Demand Loan

ELIGIBILITY Regular Pensioners and Pensioners of Armed All Coal Mine Provident
Family Pensioners Forces, including Army, Fund (CMPF) Pensioners
Navy and Air Force, (Except Family and
Paramilitary Forces (CRPF, Children Pensioner)
CISF, BSF, ITBP, etc), whose pension accounts
Coast Guards, Rashtriya are maintained with the
Rifles and Assam Rifles SBI. Maximum Age at the
whose Pension Payment time of Sanction of Loan :
Order is 65 Years
with us.
SECURITY Obtention of Third Party Guarantee is mandatory under Third Party Guarantee of a
Pension Loans for all Pensioners person good for the
The requirement of thirdparty guarantee has been loan amount who has
waived for Regular Pensioners (including SBI Regular been maintaining a
Pensioners) whose PPOs are already maintained by our satisfactorily
Bank, subject to Pension Account being KYC Compliant conducted account with
with Mobile Number registered in CBS. For all other the Bank; preferably
Pensioners, Third-party guarantee will remain spouse/son/daughter of
mandatory. the pensioners.
QUANTUM OF LOAN Minimum Rs.25,000/= There is no minimum age Minimum Rs.25,000/-
Maximum of 18 months’ bar under the scheme. The Maximum: 18 months’ Net
pension with a ceiling of Maximum age at the time of Monthly Pension (NMP)
(i) Rs.14.00 lacs for availment of loan should but not exceeding Rs.3.00
pensioners up to 72 Years. be 76 years lacs.
(ii) Rs.12.00 lacs for Minimum Rs.25,000/=
pensioners 72 up to 74
years A. Maximum of 36 months’
(iii) Rs.7.50 lacs for pension with a ceiling of
pensioners 74 up to 76 y Rs.14.00 lacs for
Family Pensioners: pensioners up to 56 Years.
Minimum : Rs.25,000/= B. Maximum of 18 months’
Maximum of 18 months’ pension with a ceiling of
pension with a ceiling of (i) Rs.14.00 lacs for above
(i) Rs.5.00 lacs up to 72 56 years and up to of 72
Years (ii) Rs.4.50 lacs for years
72 up to 74 years (ii) Rs.12.00 lacs for above
(iii) Rs2.50 lacs for 72 years and up to 74
above 74 up to 76 years . years
(iii) Rs.7.50 lacs above 74
years and up to 76 years.
SCHEME SBI PENSION LOAN JAI JAWAN PENSION PENSION LOAN TO
LOAN CMPF PENSIONERS
MARGIN NIL NIL NIL

EMI/NMI Regular Pensioners 50% 50.00% 50.00%

Family Pensioners 33%

INTEREST NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

PERIOD/REPAYMENT Regular & Family maximum 72 months, 60 EMIs, commencing

Pensioners: subject to full repayment of after one month of the
maximum 72 months, loan by 78 years of age disbursal of the loan.
subject to full repayment of
loan by 78 years of age
OTHER GUIDELINES Top-up Loan (2nd loan) Top-up loan (2nd loan)
The minimum requirement of 1 year has been done can be sanctioned to
away with, subject to EMI/NMP ratio not exceeding 50% Pensioner and Family
(33% in case of family pensioners). pensioner after 1 year of
Customer may opt for a second loan or may close the disbursement of the 1st
existing loan and open a new loan with enhanced limit loan provided the 1st loan
but there should not be more than 2 Pension Loans at a has been satisfactorily
time against 1 PPO. conducted.
REFERENCE NBG/PBU/PL- NBG/PBU/PL-JAI NBG/PBU/PL-
PERLOANS/42/2014 - JAWAN/15/2016 - PENSION/66/2016 - 17
15 Thursday,October 17 Thursday,December
09,2014 Wednesday,May 11,2016. 22,2016.

NBG/PBU/PL-
PERLOANS/41/2014 -
15 Saturday,October
04,2014

Document Checklist -
130619

IMP CIRs 1.MODIFICATION IN PENSION LOANS TO TREASURY PENSIONERS &

EXTENDING PENSION LOANS TO PENSIONERS OF PSUs
Cir NBG/PBU/PL-PENSION/1/2019 – 20 Date: Wed 3 Apr 2019
2.PRODUCT CODE TO PENSION LOANS TO PSU PENSIONERS 150419
3.MASTER CIRCULAR DATED 31082019
4. PROCESSING OF LOANS THROUGH RETAIL LOAN MANAGEMENT
SYSTEM (RLMS) APPLICATION - Date: 20 Apr 2020
 SBI PENSION LOAN VARIANTS (4)
YONO - PRE APPROVED PENSION LOAN (PAPNL)
(NBG/PBU/PL-PERLOANS/48/2018 – 19 Date: Thu 13 Dec 2018)
MASTER CIRCULAR DATED 31082019

1 Purpose : Any personal purpose other than speculative purposes.

2 Eligibility : Bank’s existing customers will be pre-selected for this product offering based on following
eligibility criteria: Customer’s PPOs must be with Bank; Treasury & family Pensioners are not eligible. Account
should be in single/joint name. Residential Status of the Customer should be “Resident Indian.” Account should
be KYC compliant. Any of Aadhaar/ Voter ID / Passport / Driving License/PAN should be available at CIF. Age
of the customer should be less than 66 years.

There should not be any existing Pension account under the CIF None of the existing loan accounts under the
CIF should have SMA 2 and above. None of the existing loan accounts under the CIF had been NPA in last 12
months. None of the existing loan accounts of the customer any Bank/Financial Institutions should have been
NPA (i.e. DPD>90 days) in last 12 months. There must be at least one credit every month for last 12 months.
The pre-selected customers will be intimated about their eligibility / selection for PAPL through SMS/ email/
pop-up messages/ in-app notifications/the offer section of Internet Banking.

3 Nature of Facility/Product code: Term Loan/ 64504215-MC-TL-PRE-APROVD-PEN-LOAN

4 Availability of the Facility: PAPNL is available only through “YONO” App/ “yonosbi.com” Portal. The loan
account will be parked in the Home Branch (which maintains the Savings Account considered for PAPL
eligibility)
5 Loan Amount: Minimum Limit: ₹ 25000/-, Max: 18 times NMP subject to maximum of ₹2,50,000/-
Subject to EMI/NMP ≤50%, NMP= Median of Monthly pension amount for last 6 months

6 Loan Tenure Maximum: 60 months or (70Years- Age of customer(Years and Months) as on Quarter end
date of data extraction i.e. 31st March, 30th June, 30th September, 31st December) in months whichever is
lower Subject to EMI/NMI ≤ 50%.

7 Rate of Interest: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

8 Security: Nil (Unsecured Loan)

9 Processing Fee: Rs 1000/-+ Applicable Tax

10 Moratorium: Not Applicable

11 Repayment: The Loan will be repayable by way of EMIs.

12 Penal Interest: If the irregularity in loan account exceeds EMI, a penal interest at 2% p.m. (over and above
the applicable rate of interest) will be charged on the overdue amount for the period of default.If part
installment EMI remains overdue, no penal interest will be charged.

13 Pre-payment Penalty: No pre-payment or part-payment penalty applicable.

14 Number of PAPLs: Only one PAPNL can be availed at any point of time. Multiple PAPNLs are not
permitted even if a customer has availed lower loan amount than their eligibility/loan offered.

15 Validity of Offer : The offer to the pre-selected customers will be valid till the end of Calendar Quarter in
which they are offered the loan.
 PENSION LOAN SCHEME: PENSIONERS OF PSUs (5)
MASTER CIRCULAR DATED 31082019

As per the feedback from various Circles, and also keeping in view the availability ofabundant untapped
potential of quality business from retired employees from StatePSUs (eligible under Xpress Credit Scheme)
where PPOs are maintained by the PSUsthemselves, it has been decided to modify our Pension Loan scheme
as under:

Particular NormsPensioners ofPSUs whosePPOs aremaintained byPSU themselves.

Product code6450-4240

* Pensioners of all such PSUs will be extended PensionLoans which are already covered under our Xpress
Creditscheme, subject to approval of PSU by CGM (Circle).

In case of Loss-Making state PSU not covered underXpress Credit scheme & enough potential is available for
Pension Loans, approval to be obtained from DMD (RB) asin Xpress credit Scheme.

* Once the PSU is approved by CGM (Circle), the details ofthe PSU will be advised to PBBU, Corporate Centre
fornecessary incorporation in LOS.

* All such loans will be sanctioned subject to followingstipulations:

a. RSM Score in LOS to be more than 45 (Grade 1 toGrade 6), as against the clear sanction of more than
40 (Grade 1 to Grade 7).

b. The pensioner concerned will furnish anirrevocable undertaking that he will not amend hismandate to the
PSU to pay his pension from thatbranch, during the currency of a loan availed by himfrom SBI.

c. Regarding obtention of consent/undertaking from thePSU’s Pension Disbursing Authority, there may be
two scenarios:

Scenario 1: In case, the PSU concerned consents inwriting as per para 2.b.that it will not accept any
requestfrom the pensioner to transfer his pension payment to anyother Bank/ Branch till a NOC is issued by
our Bank/Branch, the proposal to be treated at par with TreasuryPensioners with NOC.

Scenario 2: In case the PSU does not give a writtenconsent as mentioned above, CIBIL score of pensioner
should be more than 650 for consideration under thescheme (-1 may be considered in case of no credit
history)&a premium of 50 bps to be charged over the card rate.

Rate of Interest: NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

Details of such loan and the undertaking received fromthe Pensioner is to be advised to concerned
PSUinvariably.

All other terms & conditions as stipulated under Pension Loan scheme will strictly beapplicable.
 INSTA PENSION LOAN ON YONO (6)
MASTER CIRCULAR DATED 31082019

a. Purpose Any personal purpose other than speculative purpose

b. Eligibility Existing Pension Loan Borrowers who fulfill the following conditions will be offered “ Insta
Pension” Top Up Loan Minimum existing Pension Loan Limit of Rs 1 lac Minimum residual maturity of
Pension Loan - 1 year Satisfactory repayment record for the last 1 year The customer should not have two
Pension Loans No instance of the Pension Loan slipping to RG-3 and beyond in the last 1 year Existing
Pension Loan account should not be RG-2 and beyond at the time of scrubbing Repayment of Loan will be
only through SI Rationale: The above-mentioned conditions are meant to ensure, that only good credit worthy
customers are offered the preapproved “Insta Pension Top-up Loan” The above-mentioned filters will be
applied to pre- select Pension Loan customers and a suitably drafted message conveying the offer for “Insta
Pension” will be shown to these identified customers both on Internet and YONO Platform

c. Validity of Offer The offer made to pre-selected customers will be valid for a period of one month from the
date of activation of the offer on our Internet/ YONO Platform. A fresh list of eligible customers will be prepared
by our IT Dept. at the end of each month and a suitable message conveying new offers will be shown on the
Internet / YONO Platform. Similar pre-approved Personal Loan and Insta Credit offers are being offered on
Internet/ YONO platform by our bank.

d. Loan Amount 20% of Pension Loan Limit (Existing Loan Limit) Minimum: Rs 20,000 Maximum: Rs
2,80,000 Rationale: Minimum existing Pension Loan limit is Rs 100,000 and the maximum Loan Limit under
the scheme is Rs 14,00,000

e. Nature of Facility Demand Loan

f. Loan tenure Minimum 12 months to maximum 36 month. The top up loan will be co-terminus with the
existing loan.

g. Number of Loans : At any point of time, only 1 “Insta Pension” will be allowed to exist under the proposed
scheme.

h. Repayment Period : The demand loan will be repayable by way of EMIs through Standing Instructions. The
maximum repayment period will be 3 years.

i. Prepaymentwaived

j. Security NIL

k. Interest Rate Facility Interest Rate for Top up Loan (Branch Channel)
NBG/PBU/OPS-MISCELLANEOU/2/2020 - 21 Date: Fri 8 May 2020

l. Processing Fee :A processing fee of 1% of the loan amount plus applicable GST will be levied under the
product subject to minimum Rs 1,000 and Maximum Rs. 10,000 plus GST.

m. Classification :The new scheme will be classified as a part of Pension Loan Scheme.
 SBI MORTGAGE LOAN – VARIANTS (1, 2)
SCHEME LOAN AGAINST PROPERTY SCHEME (LAP) SBI REVERSE MORTGAGE LOAN

PURPOSE Any personal purpose such asmeeting To provide a source of additional income for
expenditure on education,marriage, healthcare, senior citizens of India who own self-
etc. other than speculative purposes. Loans acquired and self-occupied house property
under SBI LAP will not be permitted for in India. Supplementing income, any
Business Purposes. personal expenses, house repairs, etc
FACILITY Term Loan (No Overdraft facility) Non-renewable Overdraft
ELIGIBILITY Employees, professionals and Self employed Single (subject to conditions) or jointly with
Individuals, Businessman who are IT assesses, spouse. Age of first borrower above 60
NRIs who own residential property or years. No. Of surviving spouses on the date
commercial property in his/her own name,
of sanction of loan Should not be more than
spouse/ children/ parent /sibling provided that
sanctioning authority is satisfied about the one. Borrowers will have to give an
genuineness and steadiness of source of undertaking that they will not remarry during
income and continuity of repayment capacity of the currency of the loan. If the borrowers
the borrower. ii) In case of salaried applicants, choose to remarry, the loan will be
verification of Employer company profile to be foreclosed.
carried out and record of such verification Minimum age of spouse :
should be kept with the loan documents.
When loan is availed jointly with the
a) Minimum Net Monthly Income of Rs. 25,000/
(or Rs. 3 lacs per annum). Regular income spouse Above 58 years
from all sources including rental income of When loan is availed in single name
eligible commercial leased property may be Not applicable (spouse is not a co-borrower)
considered for arriving at loan eligibility
provided that the Sanctioning Authority will
satisfy about steady source of income. In case
of salaried applicants, verification of Employer
company profile to be carried out and record of
such verification should be kept with the loan
documents. (extant instructions as applicable
to Home Loans in this regard should be
followed) (b) In addition to the applicant’s
income, income of spouse/ children/parents/
siblings may also be considered for arriving at
maximum loan amount provided they are
joining the loan as co-borrowers. If the property
is held jointly with the spouse/children/parents/
siblings then all the joint holders of the property
should join as co-borrowers, but in cases
where the property is held in single name of the
borrower the spouse/children/ parents/siblings
may join as co-borrowers.
QUANTUM (i) Minimum Loan Amount: Rs. 5lacs Minimum Loan amount: Rs. 3 lacs.
OF LOAN (ii) Max Loan Amount: Within the Municipal Maximum loan amount: Rs. 1.50 crore
Corporation areas of NCR, Mumbai, The loan amount would be 90% of the
Pune,Chennai, Ahmedabad, Bangalore, realizable value of property. Loan amount
Hyderabad and other State Capitals : Rs. would include interest till maturity.
7.50 crores. b) Other BPR Centers : Rs 2
Crore c) Non BPR Centers : Rs 1 Crore
SCHEME LOAN AGAINST PROPERTY SCHEME (LAP) SBI REVERSE MORTGAGE LOAN
SECURITY 1. Equitable mortgage of the Property. Non-
encumbered, non-agricultural and SARFAESI
compliant.
2 a) Residential house/flat in the name of
borrowers/ Co-Borrowers in Metro and Urban
areas within municipal limits 2 b) Self-occupied,
Non-agricultural and SARFAESI compliant
Residential house/flat in the name of
borrowers/ Co-Borrowers in Semi urban and
rural area(3)a) Commercial properties of the
borrowers/ Co Borrowers located in Metro and
Urban area within municipal limits provided:
i) Properties leased to SBI/ SBI Subsidiaries/
PSBs and Private Banks/PSUs/ Govt.
Departments /listed profit earning Companies/
Companies with ECR of BBB and better. ii)
where residual lease period is minimum 5
years.3 b) Commercial properties of Borrowers
/Co Borrowers located in Semi-Urban, Rural
area and properties located outside municipal
areas provided that: i) these properties are
leased to SBI/SBI Subsidiaries ii) residual
lease period is minimum 5 Years.
MARGIN NA
LTV RATIO Up to Rs. 1 crore - 65%
Above Rs. 1 cr &up to Rs. 7.50 cr - 60%
EMI/NMI >Rs. 3 lacs <= Rs. 5 lacs -50%
>Rs.5 lacs <= Rs. 10 lacs - 55%
>Rs. 10 lacs - 60%
INTEREST NBG/RE,H&HD-HL/57/2019 - 20 Date: Mon 30 Sep 2019 - EBLR
PERIOD/ Minimum: 5 years
REPAYMEN Maximum: 15 years, subject to conditions
T mentioned hereunder,(i) Where more than
50% of the NMI is coming from salary,
profession or business:
Maximum 15 years or before the eldest
borrower attains the age of70 years provided
the expected life of the property, as certified by
an empanelled engineer/architect, is at least 5
years more than the loan tenor. (ii) Where
more than 50% of the NMI is coming from
Rental Income: Residual lease period of the
rented property or 15 years whichever is lower.
Borrower should be staying at self-acquired
and self owned house /flat.
Equitable mortgage of residential property.
Value of the house under Reverse Mortgage
Loan Scheme should be taken as Primary
Security.
Periodicity of availing loan :
Monthly / quarterly payments
Lump sum payment: i) The lump sum
amount will be 50% of the Net Present
Value of the limit, discounted at applicable
ROI for the relevant loan tenure, or
Rs.15.00 lakhs whichever is lower.
ii) Remaining 50% of the Net Present Value
of the limit, discounted at applicable ROI for
the relevant loan tenure, is to be disbursed
through Monthly/ quarterly / annuities.
NA
NA
NA
i) When loan is availed jointly with the
spouse: If age of the younger of the
borrowers is above 58 and up to 65 years:
20 years only (option of 15/10 years not
available).If age of the younger of the
borrowers is above 65 years and up to 70
years : 15 or 20 years only (10 years option
is not available).If age of the younger of the
borrowers is above 70 years: 10/15/20 years
as per the borrower’s option.
ii) When loan is availed in single name:
If age of the borrower is below 65 years: 20
years only (option of 15/10 years not
available). If age of the borrower is above

OTHER Loan under LAP should be liquidated before
GUIDELINES eldest borrower attains the age of 70 years.
Scoring Model applicable for‘Home Top-up
Loan Scheme’ willbe used for LAP
REFERENC NBG/RE,H&HD-HL/64/2016 - 17
E Friday,March 03,2017 - Application
Scheme Modifications – Cir dt 010419
Risk Scoring Model – Cir dt 23022018
Modifications Cir dt 26042018
65 and up to 70 years: 15 or 20 years only
(10 years option is not available).
If age of the borrower is above 70 years:
10/15/20 years as per the borrower’s option.
Residual Life of property :The expected
longevity of the house property, as certified
by an empanelled Engineer, should be at
least 25 years or more
NBG/RE,H&HD-HL/7/2017 - 18
Monday,May 08,2017 – M.Cir.
Modification Cir - NBG/RE,H&HD-
HL/39/2018 – 19 dt 15112018
 SBI HOME LOAN – VARIANTS (1)
PURPOSE purchase a plot of land for purpose of construction of house
purchase /construct a new house/flat
purchase an existing (old) house / flat or extend an existing house
repair or renovate an existing house /flat
takeover of Home Loans from other Banks/HFCs/FIs
furnishing/interiors as part of the project cost.
re-imbursement of investment made from own resources during the preceding 12 months
for purchase of house/flat/construction/repair and extension of house

FACILITY Term Loan

ELIGIBILITY Individual(s) over 18 years of age with steady source of income, includingpersons
engaged in agriculture & allied activities.
In case the property holder is not having independent source of income, the
income earning near relative may join as co-borrower/ guarantor for the loan and
his or her income can be taken forarriving at loan eligibility. Maximum age limit for
a Home Loan borrower is fixed at 70 years, i.e. the age by which the loan should be
fully repaid.
No. of Co-Borrowers: Restricted to maximum 3 including
spouse/children/parents/siblings.
SECURITY Primary: Ordinarily an equitable mortgage by deposit of title deeds.
Provision of accepting liquid securities in lieu of mortgage of residential unit
QUANTUM OF Maximum loan amount will be lowest of loan amount assessed on the basisof
LOAN a) Permissible EMI/NMI ratio b) Maximum permissible LTV ratio
c) Loan amount applied for ii) Adding cost of furnishings/ interior to the cost of house/flat:
15% of the cost of the house/flat or Rs. 50 lacs, whichever is lower
Maximum Loan for repairs / renovations should not normally exceed Rs 10 lacs

EMI/NMI <= Rs. 1.20 lac 20% >Rs. 1.20 lac &<= Rs. 3 lacs 30%
RATIO >Rs. 3 lacs &<= Rs. 5 lacs 55% > Rs. 5 lacs &<= Rs. 8 lacs 60%
> Rs. 8 lacs &<= Rs. 10 lacs 65%
>Rs. 10 lacs 70% - For CIBIL below 750, 750 and above - 75%

LTV RATIO Up to Rs. 30 lacs 90% Above Rs. 30 L up to Rs. 75 lacs – 80% Above Rs. 75 lacs 75%
Stamp Duty, Registration Charges and other documentation charges has been
permitted to be added to the cost where the total project cost of the dwelling unit does not
exceed Rs.10 lacs. (NBG/PBU/HL-HOME LOANS/7/2015-16 dated 27.04.2015)

RATE OF NBG/RE,H&HD-HL/57/2019 - 20 Date: Mon 30 Sep 2019 - EBLR

INTEREST Ford India 310819 Cognizant 110919
Reliance HyundaiBoing
PERIOD/REPAY Up to 30* years subject to liquidation of the Home Loan before the borrower
MENT reaches the age of 70 years

OTHER No pre-payment and or pre-closure penalty will be levied on Home Loans

GUIDELINES irrespective of the period
Processing Charges Cir dt 01012018
Home Loan Interest Rate Structure 10042019
 SBI HOME LOAN (Contd..)
REFERENCES
1. HOME LOAN MASTER CIR UP DATED AS ON 21032020
2. TIR SOP 250917& HL TIR 131017 HOME LOANS E-KYC 031118
3. INCLUSION OF ADDITIONAL CLAUSE ON ACCOUNT OF RERA ACT, 2016 – cir dt 11012019
4. HOME LOANS INT. CERTIFICATE SOP 13022019 HOME LOANS CONTROL IN LOS 110419
5. HOME LOAN OPERATING INSTRUCTIONS MODIFICATIONS 160419
6. OCAS FOR HLSTS AT BRANCHES 220419 CHANGES IN SANCTIONS/ OF HLS IN LOS –
230519
7. HOME LOAN OPERATING INSTRUCTIONS MODIFICATIONS 31082019
8. HOME LOANS AND HOME RELATED LOANS VALUATION 31082019
9. LAUNCH OF HOME LOAN TO INDIVIDUAL OVER CONTACT LESS POTAL (CLP) 310819
10. HOME LOANS CAPITALISATION OF PRE-EMI INTEREST 11102019
11. CONVERSION OF EXISTING TL TO MAXGAIN AND VICE VERSA: MODIFICATIONS 231019
12. “CONSOLIDATED PROCESSING FEE” -04112019
13. MOST IMPORTANT TERMS AND CONDITIONS IN DOCUMENTATION -05112019
14. CONVERSION OF TL TO OD - NBG/RE,H&HD-HL/78/2019 - 20 Date: 16 Nov 2019
15. CONSOLIDTED PROCESSING FEE - NBG/RE,H&HD-HL/80/2019 – 20-25.11.2019
16. HOME LOAN CONSOLIDATED PROCESSING FEE MODIFICATIONS 201219.pdf
17. HOME LOAN LTV RATIO FOR TOP UP LOANS 180120.pdf
18. HOME LOANS BUILDER FINANCE INPRINCIPLE APPROVAL 01012020.pdf
19. HOME LOANS DISCRETIONARY POWER TO APPROVE CONCESSION IN SWITCH OVER FEE
05220.pdf
20. HOME LOANS EXTENSION OF CHARGE OVER HOME LOAN PROPERTY LTV 181219.pdf
21. HOME LOANS FOR EMPLOYEES OF GOVERNMENT OF KERALA 050220.PDF
22. EQUITABLE MORTGAGE: SOP FOR CREATION AND NOTING IN CBS 29022020
23. PROCESS FLOW OF RACPCS/RASMECS 19032020
24. CERSAI UPDATION IN CBS SOP 19032020
25. DISBURSEMENT OF LOAN AMOUNT THROUGH LOS SOP 23032020
26. HOME LOANS REALIZABLE VALUE AS PER THE LATEST VALUATION REPORT 31032020
27. MODIFICATION IN CASE OF DIRECT SALE/ RESALE PROPERTY 29 Apr 2020
 SBI HOME LOAN – VARIANTS (2, 3)
SCHEME SBI HOME TOP-UP LOAN
PURPOSE Any personal purpose such as meeting
expenditure on education, marriage, health
care, repair/renovation/furnishing of the
house, etc. other than speculative purpose. A
certificate to this effect
will be obtained from the customer in the
application itself and no documentary
evidence for end use of the fund will be
insisted upon
FACILITY 1. Top up Loans up to Rs. 20 lacs: only Term
Loan facility (No overdraft facility)
2. Top up Loans above Rs. 20 lacs and up to
Rs. 2 crores: both TL & OD.
3. Top up Loans above Rs. 2 crores : only
TL (No OD)
ELIGIBILITY Category 1: All new Home Loan customers,
acquiring Ready to move in Properties,
simultaneously along with new Home Loans
and all existing Home Loan customers
having less than 12 months satisfactory
repayment track record provided,
a. Home Loan limit is more than Rs. 30 lacs,
b. Where the Market Value of the property as
per the Valuation Report obtained at the time
of sanction of Home Loan is minimum 10%
more than the ‘Value’ mentioned in
‘Agreement to Sale’ or ‘Sale Agreement’.
c. Possession of the property has either
already been taken and mortgage on the
property has been created or possession of
the property and mortgage in favour of the
Bank is expected to be completed before
disbursement of Top-up Loan.
Category 2:
All existing Home Loan Borrowers who are
eligible for Home Top up Loan as per the
extant guidelines i.e. existing Home Loan
borrowers with a satisfactory repayment
track-record of atleast one
year where possession is available with the
borrower and the mortgage of the property
has been created in favour of the Bank.
SCHEME SBI HOME TOP-UP LOAN
INSTA HOME TOP-UP LOAN
Any personal purpose other than
speculative purpose.
A declaration to this effect has been
included in the ‘Terms &
Conditions’ accepted by the borrower.
Acceptance of Terms
and Conditions will be validated using a
“One Time Password
(OTP)” sent to the borrower’s registered
mobile number.
Overdraft (with reducing drawing power).
Existing Home Loan customers will be pre
selected for offering this product based on
following eligibility:
(a) Minimum Home Loan Limit of Rs. 20
lacs with INB facility,
(b) Minimum residual tenure of Home
Loan of 5 years,
(c) Satisfactory track record of 3 years or
more,
(d) The customer should not have any live
Home Top-up Loan,
(e) No instance of the Home Loan account
slipping to RG- 3 or further in the past,
(f) CIBIL Score of 700 or higher,
(g) Maintaining Saving Bank Account
linked with CIF of Home Loan.
Based on the above mentioned conditions,
existing Home Loan borrowers will be pre-
selected and a Pop-up conveying the Insta
Home Top-up Loan offer will be shown to
the selected customers when they access
their account through INB.
The offer made to pre-selected customers
will be valid for a period of 30 days from
the date of activation of the offer on
Internet Banking (INB) site.
INSTA HOME TOP-UP LOAN
SECURITY (i) Top-up loan up to Rs. 5 lacs:
Extension of the mortgage on the residential
property already mortgaged with the Bank
will not be mandatory.
(ii) Top-up Loans above Rs. 5 lacs:
Extension of mortgage on the residential
property already mortgaged with the Bank
will be mandatory in all cases.
QUANTUM OF Category-1 borrowers
LOAN mini Rs. 2 lacs and max.Rs. 50 lacs:
Up to Rs. 75 lacs -10% of HL Limit
Above Rs. 75 lacs 15% of HL Limit
Category-2 borrowers Min Rs. 2.00 lacs and
max. No Ceiling.
An undertaking from the borrower will be
obtained online, authorizing the Bank to
hold original Title Deeds of the house
Property already mortgaged to the Bank
for Home Loan, till the liquidation of all
loans including the proposed Insta Top Up
Loan. However, extension of mortgage of
house will not be obtained.
5% of the Home Loan Limit, subject to
Minimum of Rs. 1,00,000/- and Maximum
of Rs. 5,00,000/-

LTV RATIO Up to Rs. 30 lacs 90% Above 30 – 75 lacs NA

– 80% Above Rs. 75 lacs 75%
EMI/NMI Rs. 3 lacs &up to Rs. 5 lacs 55%
Above Rs.5 lacs &up to Rs.10 lacs 60%
Above Rs. 10 lacs 70%
RATE OF NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed
INTEREST 29 Apr 2020
PERIOD/REPAYM The maximum permissible tenor of the loan
ENT will be the residual tenure of underlying
Home Loan or 15 years, whichever is higher,
subject to liquidation of the loan before the
borrower attains the age of 70 years.
OTHER At any point of time not more than two loans
GUIDELINES will be allowed to exist under the proposed
scheme. Second loan may be considered
only after a gap of one year from the date of
disbursement of first loan. No pre-closure
charges.
REFERENCE 1.HOME LOAN MASTER CIR UP DATED
AS ON 21032020
2.NBG/RE,H&HD-HOME TOP/7/2016 -
17 Thursday,April 07,2016.
3.NBG/RE,H&HD-HOME TOP/4/2015
16 Monday,June 15,2015
4.NBG/PBU/HL-HOME LOANS/31/2014 15
17.12.2014 5. Modifications Cir dt 16112018
6. HOME LOAN LTV RATIO FOR TOP UP
LOANS 180120.pdf
YONO: INSTA HOME TOP-UP LOAN (4)
(NBG/RE,H^HD-HOME TOP/16/2019 – 20 Date: Mon 6 May 2019)
NA
NBG/RE,H&HD-HL/5/2020 - 21 Date:
Wed 29 Apr 2020
Residual Maturity of underlying Home
Loan Above 60 months but up to 120
months - Term 60 months
Above 120 months – Term 120 months.
SI for EMI repayment will automatically be
set up on Saving Bank account.
At any point of time, only one `Insta Home
Top-Up Loan’ will be permitted. Second
Insta Home Top-up Loan will be
permitted considered only after a gap of
one year , subject to the condition that the
1st loan is closed. No pre-closure charges.
NBG/RE,H&HD-HOME TOP/48/2016 -
17 Wednesday,January 04,2017.
HOME LOAN MASTER CIR UP DATED
AS ON 31012019
 HOME LOAN MASTER CIR UP DATED AS ON 21032020
Eligibility :Existing Home Loan customers will be pre-selected for offering this product based on following
eligibility:(a) Minimum Home Loan Limit of Rs. 20 lacs. (b) Fully disbursed home loan with satisfactory track
record of 1 year or more. (c) Home loan accounts with maximum of up to two borrowers.(d) Minimum residual
tenure of Home Loan of 5 years. (e) The customer should not have any live Home Top-up Loan. (f) No
instance of the Home Loan account slipping to RG-3 or further in the past.(g) Minimum CIBIL Score of 550. (h)
Repayment coming through SI only. This implies that account through which home loan repayment is done
should also be with our Bank.(i) Home loan account and repayment account should be under same CIF.(j)
Equitable mortgage has been successfully created for the primary security/home loan.Based on the above
mentioned conditions, existing Home Loan borrowers will be pre-selected and a notification for the Insta Home
Top-up Loan offer on Home page of YONO will be shown to these selected customers. The pre-selected
customers would also be informed using SMS and e-mail.

Purpose Any personal purpose other than speculative purpose. A declaration to this effect has been included
in the ‘Terms & Conditions’ accepted by the borrower. Acceptance of Terms and Conditions will be validated
using a “One Time Password (OTP)” sent to the borrower’s registered mobile number.

Co-applicant consent process

In case existing home loan account is in joint name, then after the completion of process by primary applicant,
co-applicant also is required to give his/her consent, after which disbursement will bedone.

Validity of offer The offer made to pre-selected customers will be valid for a period of 30 days from the date of
activation of the offer on YONO Mobile App.

Loan Amount5% of the Home Loan Limit, subject to Minimum of Rs. 1,00,000/- and Maximum of Rs.
5,00,000/-

Nature of facility Overdraft (with reducing drawing power).

Loan Tenure Residual Maturity of underlying Home Loan

Tenure of Insta Top-up Home Loan :Above 60 months but up to 120 months - 60 months
Above 120 months -20 months

Number of loans At any point of time, only one `Insta Top-Up Home Loan’ will be permitted.

RepaymentThe overdraft will be repayable by way of EMIs commencing on the date selected by the customer.
Standing Instructions (SI) for EMI repayment will automatically be set up on account from which repayment of
existing home loan is made.

Pre-payment Loans under the scheme may be pre-paid at any time without payment of any pre-payment
penalty.

SecurityAn undertaking from the borrower will be obtained online, authorizing the Bank to hold original Title
Deeds of the house property already mortgaged to the Bank for Home Loan, till the
liquidation of all loans including the proposed Insta Top-up Home Loan. However, extension of mortgage over
the house property will not be obtained.

Processing FeeA flat Processing Fee of Rs.2000 plus applicable GST will be levied under the product.
Processing fees will be automatically recovered from customer’s account and credited to commission
account.

SMART HOME TOP-UP LOAN (5)

(Cir No. NBG/RE,H&HD-HL/5/2018 – 19 Date: Fri 20 Apr 2018)
 HOME LOAN MASTER CIR UP DATED AS ON 21032020

1. PurposeAny personal purpose such as meeting expenditure on education, marriage, health care,
repair/renovation/furnishing of the house, etc. other than for speculative purpose. A confirmation to this effect
has been included in the Terms and Conditions letter, which needs to be accepted by the
customer. No documentary evidence for end use of the fund will be insisted upon.

2 EligibilityOur existing home loan borrowers who fulfil the undernoted criteria will be considered for “Smart
Home Top-up Loan”
a) Fully disbursed home loan accounts. b) Minimum Home Loan Limit of Rs. 20 lacs.
c) Minimum residual tenure of Home Loan of 5 years. d) Valid equitable mortgage should have been created in
favour of Bank. e) Satisfactory track record of repayment and conduct for 1
(one) year or more, after completion of moratorium period.
f) The customer should not have any live Home Top-up or Insta Home Top-up loan.
g) No instance of the Home Loan account slipped to SMA (RG2) during last three months or further in the past.
h) CIBIL Score of 550 or higher. i) Staff will be eligible if they fulfill the product specific and staff eligibility
EMI/NMI criteria.
j) Mode of repayment should be either through SI or NACH/ECS.
k) No documents such as income proof, TIR, Valuation
Report need to be obtained from the customer.

3 Loan Amounta) Home Loan borrowers with 12-60 months satisfactory repayment track record after
completion of moratorium period:
Minimum: Rs 1.00 lacs Maximum: Rs 5.00 lacs Subject to: 5% of the Home Loan Limit.
b) Home Loan borrowers with more than 60 months satisfactory repayment track record after
completion of moratorium period:
Minimum: Rs 1.00 lacs Maximum: Rs 5.00 lacs Subject to: 10% of the Home Loan Limit.

4 Nature of facilityEither Term Loan or overdraft facility

5 Loan TenureThe maximum tenor of the loan will be the residual tenor of underlying Home Loan or 20 years,
whichever is lower.
The “Smart Home Top-up loan” must be closed prior to
the underlying Home Loan or earlier to that.

6 Number of loans  At any point of time either `Smart Home Top-Up Loan’ or “Insta Top-Up Loan” will be
permitted. Both cannot be granted concurrently.

7 SecurityLoan Agreement & Arrangement Letter authorizing the Bank to hold original Title Deeds of the
house property already mortgaged to the Bank for Home Loan, till the liquidation of all the loans including the
"Smart Home Top-up Loan" will be obtained. However, extension of mortgage over the house property will not
be obtained.

8 Interest Rate : NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29 Apr 2020

9Processing FeeA flat Processing Fee of Rs.2000 plus applicable GST

The detail Standard Operating Procedure (SOP) in respect of “SMART HOME TOP
-UP LOAN” has been enclosed as Annexure-A in the above referred circular.

HOME LOAN – VARIANTS (6, 7)

SCHEME SBI PRIVILEGE HOME LOAN &
SBI SHAURYA HOME LOAN
PURPOSE As applicable to Normal Home Loan.
An innovative Home Loan product tailor
made to the requirements of
employees with pensionable service.
ACILITY Term Loan (No Overdraft facility).
ELIGIBILITY SBI Privilege Home Loan: Employees of
Central / State Governments (including
PSBs, PSUs of Central Government, and
other individual(s) with pensionable service.
SBI Shaurya Home Loan: Defense
Personnel belonging to Army, Navy and Air
force. Minimum: 18 years
Maximum: 75 years by which time the loan
should be fully repaid.
SECURITY As applicable to Normal Home Loan
QUANTUM Minimum Loan Amount
OF LOAN Rs. 10 Lacs
Maximum Loan Amount
Rs. 50 Crores.
LTV RATIO As applicable to Normal Home Loan
EMI/NMI (a) Where age of the eldest salaried
borrower is up to 45 years:
>Rs. 3L &<= Rs. 5L 55%
>Rs. 5L &<= Rs. 8 L 65%
>Rs. 8L &<= Rs. 10 L 70%
>Rs. 10 Lacs 75%
(b) above 45 years:
>Rs. 3L &<= Rs. 5L 55%
>Rs. 5L &<= Rs. 8 L 65%
>Rs. 8L &<= Rs. 10 L 70%
>Rs. 10 Lacs 75%
EMI / NMI Ratio Post Retirement 50%
RATE OF NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed
INTEREST 29 Apr 2020
PERIOD/REP Minimum: 60 months.
AYMENT Maximum: 360 months or up to the age of 75 However, borrowers will have the freedom to
years (the age by which the loan should be make pre-payments
fully repaid)
(a) Where age of the eldest salariedborrower Monthly Repayment
SBI FLEXI PAY HOME LOAN
As applicable to Normal Home Loan.
But, the borrower is offered options of paying
lower EMIs during the initial years and step-up
the EMIs in subsequent years.
Term Loan (No Overdraft facility).
All salaried applicants with minimum 2 year
experience. Minimum Age: 21 years &
Maximum Age: 45 years.
No minimum NMI limit.
However, the minimum loan amount under the
scheme will be Rs. 20 lacs.
As applicable to Normal Home Loan
Minimum Rs. 20 Lacs
Maximum : 1.2 times the loan quantum
calculated as per the normal EMI/NMI Ratio
method, subject to stipulated LTV norms.
However, customer will be free to choose lower
loan .
As applicable to Normal Home Loan
EMI for the purpose of calculation of EMI/NMI
ratio for arriving at the loan quantum will be
worked out
based on the number of EMIs for full loan tenor
i.e. 360 EMIs in case of 30 year loan, 300 EMIs
in case of 25 year loan and so on.
NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29
Apr 2020
Minimum: 25 years & Maximum: 30 years.
 is up to 45 years:
 As applicable to normal Home Loan
scheme i.e. by way of EMI.
(b)Where age of the eldest
salariedborrower is above 45 years:
a. During Moratorium Period - Only interest
accrued for the month to be repaid
b. Up to the month of retirement
[EMI as per applicable EMI/NMI
ratio] X [Ratio of Loan Amount to
Total Loan Eligibility]
c. Post retirement term - Terminal EMI
# Terminal EMI refers to the EMI which fully
amortizes the outstanding Home Loan
balance as on the month of retirement over
the remaining loan term.
OTHER Moratorium (a) Where age of the eldest
GUIDELINES salariedborrower is up to 55 years:
Same as Home Loan scheme.
(b) Where age of the eldest
salariedborrower is above 55 years:
Up to 18 months.
However, borrowers above 45 years of age
should be dissuaded from selecting
moratorium period. Total Home
Loan eligibility arrived at on the basis of
aforementioned EMI/NMI ratio will be
estimated after taking loan term net
of any moratorium period selected by the
borrower.
REFERENCE HOME LOAN MASTER CIR UP DATED
AS ON 21032020
NBG/RE,H&HD-HL/19/2016 - 17
Monday,August 01,2016
Special Interest Rates for above 75 lacs
15062017
HOME LOAN – VARIANTS (8, 9)
During moratorium period Only interest debited
in the account is to be repaid.
Next 36 Months 100% of EMI*
Next 36 Months 105% of EMI*
Balance term Terminal EMI - EMI which
fully amortizes the remaining dues/outstanding
in the Home Loan account within the balance
term.
*EMI arrived at after considering full loan tenor
(Ex. 360 months for 30 year loan, 300 months
for 25 year loan and so on).
Start-up/Moratorium
Period. For ready to move in properties: up to
36 Months.
For under construction properties: up to 36
months plus remaining construction period (i.e.
from the date
of sanction to the expected date of completion),
subject to a maximum moratorium period of 60
months.
However, interest must be serviced during the
selected start-up/moratorium period
HOME LOAN MASTER CIR UP DATED
AS ON 21032020
NBG/RE,H&HD-HL/39/2015 - 16
Thursday,January 28,2016
NBG/RE,H&HD-HL/40/2015 - 16
Tuesday,February 02,2016 - CRITICAL STEPS
SCHEME HOME LOANS TO NON-SALARIED
SEGMENT DIFFERENTIAL OFFERINGS
PURPOSE Home Loans for the purpose of
construction / acquisition of residential
house/flat, takeover of Home Loans
from other Banks/HFCs and
repair/renovation of existing house/flat.
The proposed house property may be
acquired either in the sole names of
individuals or jointly in the name of the
Individuals and their Proprietorship
firms, subject to the condition that the
share of Individual applicants in the
proposed property is not less than
50%. Loans for purchase of residential plot
will continue to be processed under
SBI Realty Loan Scheme.
FACILITY (i) Loan up to Rs. 20 lacs: only Term
Loan facility (No overdraft facility),
(ii) Loan above Rs. 20 lacs and up to
Rs. 3 crores: both Term Loan and
Overdraft facility.
(iii) Loan above Rs. 3 crores: only
Term Loan facility (No O.D. facility).
ELIGIBILITY Professionals/ Self-Employed/
Businessmen who are over 18 years of
age with a minimum Risk Grade of 6
on a scale of 1 to 10 under Bank’s Risk
Scoring Model. Wherever the applicant is
Proprietor of a Proprietorship firm or is one
of the partners in a Partnership Firm or is
one of the Directors in a Company, the
firm/Company:
• Should be in existence for atleast last
3 years, • Must have earned Net Profit in
the last two years,
• Existing Credit Facilities, if any, should be
Regular and Standard.
Opinion Report in this regard will be
obtained from the existing Bankers,
• Wherever the proposed House Property
is acquired in joint names of the Proprietor
and the Proprietary Firm, the firm should be
our existing borrower or a debt free entity
SCHEME HOME LOANS TO NON-SALARIED
SBI REALTY SCHEME
• Purchase of a residential plot locatedwithin the
municipal/ corporation area ofUrban/Metro
Centres with population of 1lac and above as per
the latest availablecensus data for the purpose
ofconstruction of a house.
• Purchase of Plots located
outsidemunicipal/corporation area will
bepermitted only in cases where the plots
areallotted/developed by Government
Bodies/Development Authorities such as DDA,
HUDA, BDA, LDA, etc.
Term Loan. ( No OD facility)
However, Permanent employees of Central /
State Governments / Public Sector undertakings
(PSU) will be permitted to purchase plots in
towns with population of 10000 and above,
within town limits, provided: Maximum Loan
Amt: Rs 50 Lacs for the areas with population
group of 10000 to 100000.
Maximum Age 65 Years.
Maximum time period stipulated
for construction of house - 5 years from the date
of first disbursement of the Loan.
Borrower will be required to submit completion
certificate of thehouse within the stipulated
period of 5 years. An undertaking to this effect
will be obtained.
Commencement of construction within 2
years of availing Home loan under Realty
Scheme (for Realty loans sanctioned up to
22.11.2016):I. SBI Realty scheme will be
available toSalaried Customers. Stipulation of
Salaryaccount with SBI will not be mandatory
forSalaried Customers who intend to avail Home
Loans under SBI Realty Scheme
subject to fulfillment of all other eligibility
norms of SBI Realty Scheme.
II. Home Loan under SBI Realty Scheme
will not be permitted to be extended to Non-
Salaried Customers.
SBI REALTY SCHEME
 SEGMENT DIFFERENTIAL OFFERINGS
SECURITY (i) Equitable mortgage of the property
to be acquired with the help of Bank
finance, (ii) Guarantee of the Firm if the
property is jointly owned by the Firm
and the individual and (iii) Wherever
additional EMI/NMI ratio has been granted
Liquid Collateral will be taken.
QUANTUM Minimum: Rs. 50,000/-
OF LOAN Maximum: Rs. 50 crores. (10% of the cost
of the house/flat or Rs. 50 lacs, w.e.lower
for Interiors/Furnishings)
LTV RATIO As per Normal Home Loan Scheme
EMI/NMI <= Rs. 1.20 lac 20%
>Rs. 1.20 lac &<= Rs. 3 lacs 30%
>Rs. 3 lacs &<= Rs. 5 lacs 55%
> Rs. 5 lacs &<= Rs. 8 lacs 60%
> Rs. 8 lacs &<= Rs. 10 lacs 65%
> Rs. 10 lacs 70%
RATE OF NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed
INTEREST 29 Apr 2020
PERIOD/REP By way of EMIs in Maximum 30 years
AYMENT or up to the age of 70 years of the
eldest applicant, whichever is earlier,
including moratorium period
OTHER The relaxation in EMI/NMI ratio over &
GUIDELINES above the permissible will be subject to :
Up to 5% - LTV ratio up to 65% OR
Liquid Collateral# of 7.50% of loan
amount. OR “IMGC Mortgage
Guarantee” cover for loan amount
Above 5% and up to 10% - LTV ratio up
to 60% OR Liquid collateral of 15% of loan
amount OR “IMGC Mortgage Guarantee”
cover for loan amount + Liquid Collateral of
7.50% of loan amount. Above 10% and up
to 15%. - LTV ratio up to 50% OR Liquid
collateral of 25% of loan amount OR “IMGC
Default Guarantee” cover for loan amount
+ Liquid Collateral of 15% of loan amount
REFERENCE HL MASTER CIR AS ON 21032020
Modifications Cir dated 16052019
(i) Equitable mortgage of the plot of land
proposed to be purchased.
(ii)Interim guarantee of an individual good for the
loan amount (to cover the period from the date of
sanction and date of creation of equitable
mortgage).
Minimum: Rs. 5 lacs
Maximum: Rs. 15 crores
Maximum LTV Ratio 60%
Up to 30 lacs 75% Above Rs.30 lacs to 75 lacs -
70% - Above Rs.75 lacs - 60%
>Rs. 3 lacs &<= Rs. 5 lacs 40%
> Rs. 5 lacs &<= Rs. 8 lacs 50%
> Rs. 8 lacs &<= Rs. 10 lacs 55%
> Rs. 10 lacs 60%
NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29
Apr 2020
Maximum of 120 months. No moratorium period
will be permitted in any case. EMIs will
commence from the next month
from the month of disbursement
Home Loans for a consolidated amount i.e.
outstanding in SBI Realty account and also for
construction of house will be sanctioned to the
customers, who intend to construct house on the
open plot financed by us. The outstanding in SBI
Realty account will be first liquidated through
disbursement from HomeLoan and remaining
amount will be disbursed for construction of
house in phases linked to the stages of
construction.
Construction Period Clarification Cir dated
29102018
HL MASTER CIR AS ON 21032020
Modifications Date: 29052019, 31082019
 SBI HOME LOAN – VARIANTS (10,11)
SCHEME SBI BRIDGE HOME LOAN
PURPOSE Loan to meet shortfall in funds for
purchase a new home/flat.
Loans under this scheme for purchase of
residential plot and also under our
Flexipay Scheme and SBI privilege/
Shaurya will not be permitted. However,
loans under NRI Home Loan, CRE Home
Loan and Maxgain will be permitted along
with SBI Bridge Loan
EARNEST MONEY DEPOSIT SCHEME
(LOAN FOR EARNEST MONEY FOR
ALLOTMENT OF A HOUSE)
To finance applicants for earnest money for
booking of residential plots/built-up houses being
sold by Govt. housing
agencies like Urban Development Authorities
like PUDA, HUDA and Housing Boards.

FACILITY Term Loan (No Overdraft Facility). Demand Loan

ELIGIBILITY The applicant for Bridge Home Loan No minimum income criterion is stipulated.
should satisfy each of the below
mentioned eligibility criterion, Individuals above 21 years of age with a steady
a. Individuals who are owners of an source of income.
unencumbered house/flat and who intend
to sell the existing home/flat
for meeting temporary shortfall in cost for
acquiring new home/flat,
b. The underlying home/flat, against
which Bridge Home Loan is sought,
should be a fully constructed property
and in the possession of the applicants,
c. The home/flat, against which Bridge
Home Loan is sought, should be located
within the municipal/corporation area of
BPR centres.
d. In case of joint ownership of the
existing property, against which Home
Bridge Loan is sought, all coowners
of the property should also join as co-
borrowers for the Bridge Loan

SECURITY Equitable mortgage of the SARFAESI Waived, subject to :

compliant existing residential property
against which Home Bridge Loan is
sanctioned by the Bank.
(i) Allotment letters / refund orders should be
routed through SBI.
(ii) Lump sum amount equal to 6 month’s interest
to be taken upfront.
(iii) 2 PDCs one for the principal amount of EMD
and another towards interest for the next 6
months should
be taken to meet the eventuality of refund getting
delayed.
SCHEME SBI BRIDGE HOME LOAN
QUANTUM OF Minimum: Rs. 20 lacs,
LOAN Maximum: Rs. 2 crores.
The maximum permissible Bridge Loan
amount will be assessed on the basis of
the lowest value arrived at from
undernoted three eligibility criteria:
(i) 65%, if market value of the existing
property is up to Rs. 1 crore, or
(ii) 60%, if market value of the existing
property is above Rs. 1 crore, or
(iii) 90% of the cost of proposed
home/flat.
The Net Monthly Income of the
applicants, as per their latest salary slip or
ITR, should be atleast 150% of the
expected repayment towards interest on
Bridge Home Loan.
EARNEST MONEY DEPOSIT SCHEME
(LOAN FOR EARNEST MONEY FOR
ALLOTMENT OF A HOUSE)
100% of application money, subject to
maximum of:
1) Rs.15.00 lakh for CSP/DSP account
holders.
2) Rs.10.00 lakh for others.
(Care should be taken to finance only genuine
applicants and not to speculative buyers. One
person can be financed only for one application
at any point of time.)
Margin : Waived, subject to:
(i) Allotment letters / refund orders should be
routed through SBI
(ii) Lump sum amount equal to 6 month’s interest
to be
taken upfront.

LTV Ratio of the existing housing property

will be calculated based on Valuation
Report not more than 3
months old.
LTV RATIO As mentioned above MARGIN waived subject to allotment letters
/redund orders routed through SBI
EMI/NMI Wherever customers avail Home Loans As per Normal Housing Loan Schem
simultaneously with Bridge Loan,
eligibility for Home Loan will continue to
be calculated based on our extant
instructions under Home Loan Scheme
i.e. EMI/NMI Ratio and LTV norms
taking into account capitalization of
interest during moratorium period.

Servicing of interest amount likely to be

debited in Bridge Loan account will not be
considered for arriving at EMI/NMI ratio of
underlying Home Loan.
RATE OF NBG/RE,H&HD-HL/5/2020 - 21 Date: NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29
INTEREST Wed 29 Apr 2020 Apr 2020
PERIOD/REPA Maximum 2 years. The Bridge Home In case of unsuccessful applicants – on receipt
YMENT Loan needs to be repaid in full by the
borrower any time during the maximum
loan tenure of 2 years, in one or more
number of installments. No EMIs will
be stipulated for Bridge Loan by the Bank
during the loan tenure of 2 years.
However, interest on Bridge Loan needs
to be serviced every month. Interest on
Home Bridge Loan will not be capitalized.
OTHER Moratorium for the proposed
GUIDELINES Home Loan Wherever Home Loan is also
sought simultaneously with Bridge Loan,
a moratorium period will be extended to
the proposed Home Loan as per the
extant instructions, subject to minimum
equivalent to the tenure of the underlying
Bridge Home Loan of 2 years.
Place to avail Bridge Loan :
Both Bridge Loan against the existing
house/flat and Home Loan for purchase
of new house/flat should be availed
simultaneously at the same branch and
will be processed simultaneously by the
same CPC/LPC/Branch.
Both the accounts should be parked in
the same Branch for effective monitoring.
REFERENCE NBG/RE,H&HD-HL/51/2016 - 17
Wednesday,January 04,2017
HL MASTER CIR AS ON 21032020
of refund from the Housing Board/Urban
Development Authority.
In case of successful applicants – lump sum
repayment of the loan. If the applicant avails a
regular Home Loan from us for purchase of
house allotted to him/her or for construction of
house on plot allotted to him/her, the loan may
be paid out of the proceeds of the Home Loan.
(Sanctioning authority may allow longer period
for repayment
depending upon merits of each case, but not
more than 12 months
from the date of disbursement of the loan)
No penalty for prepayment.
Security
Documents
i) Arrangement Letter
ii) D.P. Note and D.P. Note Delivery letter.
iii) An undertaking from the borrower to deposit
the refund amount/lump sum repayment of the
loan with interest.
NBG/RE,H&HD-HL/32/2018 - 19
Date: Fri 19 Oct 2018
HL MASTER CIR AS ON 21032020
 SBI HOME LOAN – VARIANTS (12, 13)
SCHEME ‘SBI-TRIBAL PLUS’ HOME LOAN
PURPOSE In many Hilly /Tribal areas, granting of Home
Loans has been rendereddifficult due to the
following:
(i) Absence of any cadastral survey in such
areas.
(ii) Absence of any system of issuing land
Patta with Dag No., Patta No. etc.
(iii) Restrictions on transfer of land i.e., land is
not legally transferable from a tribal person to
a non-tribal etc.
(iv) Ownership over land lies with the
community or the Chief of the village.
'SBI-Tribal Plus' Home Loans, a Special
Scheme designed for Hill/Tribal areasfor
extending financial assistance to individuals in
such areas to (a) Purchase or construction of
a new house / flat (without mortgage of
land)(b) Purchase of an existing (old) house /
flat which is not more than 10 years old (In
such cases, valuation report from our
empanelled valuer and a certificate on the
condition of the house to be given by a
tructural engineer or Govt. approved architect
should be taken); (c) Repair
/Renovation/extension of an existing house or
flat.
FACILITY Term Loan only
ELIGIBILITY FOR SALARIED EMPLOYEES Min: 21
yearsMax: 60 years by which time the loan
should be repaid. In case of salaried
employees, the loan should be repaid in full
before their superannuation from the service.
Permanent employees of Central or State
Governments / Public Sector undertakings
(PSU)
and Corporates (Corporates with minimum
staff strength of 1000 employee and
externalrating BBB) who maintain salary
accounts with us
subject to:
Have put in a minimum of 5 years’ service.
Avaibiality of Check off a) In case check off
isavailable:
 CIBIL Score will be as per extant Home
Loan norms.
SBI MAXGAIN
As applicable to Home Loans.
Borrower should pay stipulated EMIs by
check-off/ECS/SI/NACH till the
outstanding in the loan account becomes nil.
SI/NACH/ECS should not be stopped in
Maxgain loan accounts (including loan
accounts with credit balance) due to excess
deposit of fund by existing borrowers over
and above the stipulated EMIs, till drawing
power and outstanding in such accounts is
zero.
Extra fund deposited over and above drawing
power can always be withdrawn by customers
after full disbursement of loan amount as per
extant norms.
Overdraft (reducing D.P.)
As applicable to Home Loans
Additional eligibility criteria - Facility
available for new Home Loans of Rs.20 lacs
and above from applicants who are
(i) Existing customers with minimum balance
of Rs.5000/- in their SB / CA.
Stipulation of minimum balance not applicable
to customers whose salaries are regularly
credited to this account and repayments are
proposed to be made from this account.
(ii) Prospective customers who open SB / CA
with an initial minimum deposit of Rs.5000/-.
Stipulation of initial minimum deposit not
applicable if salary of the applicant is
proposed to be credited to this SB/CA.
 b) In case Check off is not available:
Salary account of the applicant(s) /
coborrower(s) / Guarantor(s) will be
mandatorily with SBI.
Minimum CIBIL Score will be 700.
c) For employees of Corporates minimum
CIBIL Score 700 will be considered
irrespective ofcheck off.
For professionals, businessmen, self-
employedand Agriculturist Individual(s) who
are agedover 21 years but not more than 60
years subject toliquidation of loan before the
borrower attains the age of 60 years.
Professionals, self-employed, businessmen
andagriculturists etc. subject to:
Minimum experience of 5 years in their
respectivesphere of activity.
Minimum CIBIL Score will be 700.
Maintain satisfactorily conducted deposit
accounts with us with an average balance of
Rs.10000/- for the last two years
Do not have any borrowing with other Banks
/ financial institution.
OR Maintain loan accounts with SBI which are
satisfactorily conducted for a minimum period
of 2years without any instance of slippage to
RG 2 and below.
SECURITY a) Third Party Guarantee of another As applicable to Home Loans
employee(s) (who fulfils the eligibility
parameters stipulated for
‘SBI-Tribal Plus’ Home Loans) employed with
Govt. / PSU / Corporates who maintains
salaryaccounts with us, whose net worth
should be equalto the loan amount will be
obtained.OR As an alternative to the third-
party guarantee, group guarantee of groups of
3-4 employees will be taken, all of whom are
employed in the same organisation and
whose salaries are routed through the Bank.
QUANTUM For employees : 36 times NMI Minimum: Rs. 20 Lacs
OF LOAN For professionals, businessmen and self- Maximum: Rs. 3 Crores
employed : 2 times average Net Annual
Income (NAI) for the last 3 years on the basis
Income-Tax Returns, along with
audited/certified P&L a/c and balance sheets,
I.T.Challans.
 For Agriculturists :
2 times average Net Annual Income (NAI) for
the last 3 years on the basis of their activity
(i.e. farming, dairy, poultry and orchards), land
holding, cropping pattern, yield etc. and the
level of income derived there from. Salaried :
Check – off Max 20 lacs
Without Check-off Max 15 lacs
In all other cases, the maximum loan amount
should not exceed Rs.10 lacs
LTV/ For construction/purchase of new/existing As applicable to Home Loans
MARGIN house/flat : 20%
For repairs/renovation/addition : 25%

EMI/NMI As applicable to Home Loans As applicable to Home Loans

RATE OF NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed
INTEREST 29 Apr 2020
PERIOD/REP should not exceed 15 years or the remaining
AYMENT period of service of the borrower, whichever is
less in respect of salaried borrowers. Other
borrowers max.repayment period of 15 years
subject to liquidation of loan before the
borrower attains 60 years of age.
NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed
29 Apr 2020
As applicable to Home Loans.
ATM cum Debit card will not be issued in
Maxgain account.
No over drawings are to be permitted in the
a/c in excess of the Drawing Power.

REFERENCE HL MASTER CIR AS ON 21032020 HL MASTER CIR AS ON 21032020

HOME TOP UP LOAN FOR TRIBAL PLUS Modifications 25062019
160419
 PRADHAN MANTRI AWAS YOJANA
CREDIT LINKED SUBSIDY SCHEME (CLSS) – VARIANTS (14)
SCHEME CLSS for EWS/LIG CLSS (MIG-I) CLSS (MIG-II)
PURPOSE Government of India has launched‘Credit Linked subsidy Scheme (CLSS)’ for Urban Areas.
A beneficiary family will comprise husband, wife, unmarried sons and/or unmarried
daughters. An adult earning member (irrespective of marital status) can be treated as a
separate household provided that beneficiary does not own a pucca house in his /her name
in any part of India.

FACILITY Term Loan. However, Maxgain facility will be available along with Term Loan for Home Loan
Limit of Rs 20 lacs and above. Modification Cir dt 27042018

ELIGIBILITY Max. Household Max. Household Max. Household

Income per annum Income per annum Income per annum
Up to Rs. 3 L for EWS & Above Rs. 6 lacs &up to Above Rs. 12 lacs &up to
Up to Rs. 6 L for LIG Rs. 12 lacs Rs. 18 lacs
Max carpet Area 30 sq. mts. For Max carpet Area
EWS & Max carpet Area 200 sq. Mts.
60 sq. mts. For LIG. 160 sq. mts. (wef 200618)
SECURITY As applicable to Normal HL As applicable to Normal Housing Loan. (Property may
.Women must be be owned by any adult member of the family,
sole/co-owner in the property irrespective of the gender). Family comprising of
(except in case of construction of husband, wife and unmarried children.
house on existing plot) Adult earning member (irrespective of marital status)
may be treated as a separate household provided
he/she do not own a pucca house in his/her name in
any part of India.
QUANTUM OF Up to Rs. 6 lacs Up to Rs. 9 lacs Up to Rs. 12 lacs
LOAN Subsidy : 6.50% & Max. Rs. 2.68 Subsidy 4% & Max. Subsidy 3% & Max.
lacs Rs. 2.35 lacs Rs. 2.30 lacs

LTV R As applicable to Normal Housing Loan

EMI/NMI As applicable to Normal Housing Loan. But EMIs for Home Loan borrowers under CLSS will
be reset on credit of full subsidy amount in the a/cafter receipt of subsidy amount from NHB.
RATE OF NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29 Apr 2020
INTEREST Takeover from other Banks is Permitted. Aadhaar and Pan are Mandatory.

PERIOD/REPA As per Normal Housing Loan Scheme. But Maximum

YMENT tenor of loan on which subsidy will be calculated 20 Years.

OTHER Though the interest subvention is available up to Rs. 6 lacs, Rs. 9 lacs and Rs. 12 lacs
GUIDELINES under CLSS (EWS/LIG), CLSS (MIG-I) and CLSS (MIG-II) Scheme respectively, loan limits
over and above these amounts will also be sanctioned based on the eligibility stipulated
under our existing HL.
REFERENCE HL MASTER CIR AS ON 21032020 Take Over Cir dt. 03022018
HOME LOANS PMAY List of 4041 statutory Towns - Scheme Modification 301017
HOME LOANS PMAY Additional-CLSS-CensusList – MIG 1 & II Modifi - 140218
HOME LOANS PMAY FAQs&INCLUSION OF PMAY ELIGIBILITY CHECK 190817
 CRE HOME LOANS (15)
HL MASTER CIR AS ON 31012019
NBG/RE,H&HD-HL/65/2018 – 19 Date: Tue 12 Mar 2019

Reserve Bank of India has issued guidelines on Classification of Exposures as Commercial Real Estate (CRE)
Exposure vide their Circular dated 9th September, 2009. In the light of RBI Guidelines for CRE Exposure it
has been decided to classify Home Loans under the following categories as CRE Home Loans:

1. If an individual owns two or more houses, singly or jointly then the exposure for the third house
onwards/purchase of plot will be treated as CRE Home Loans. The maximum number of houses/ flats/
residential plots will be restricted to 1 (one) under CRE Home Loans over and above the two houses / flats
permissible under Home Loan Scheme.

Maximum number of Home Loans in the name of an individual, including the existing loans and the proposed
one will be restricted to 3 (three) Home Loans (excluding closed accounts) under HomeLoan Scheme in
P-Segment.

(ii) If the third house which is proposed to be funded through Home Loan is intended to be purchased by the
borrower for upgrading from a small house to a bigger house or vice-versa, moving to a more convenient
locality/place/city etc. and he/she intends to sell one of the existing houses within 6 months after getting
possession of the third house, exposure to third house may not be treated as CRE exposure, provided the
borrower submits an Affidavit to that effect. In case of non-fulfillment of this condition by the borrower, Home
Loan will carry the rate applicable for CRE Home Loan from such due date till fulfillment of the stipulated
condition.

(iii) Loan for extension of the present house will be treated as CRE Home Loan if more than 50% of the
monthly installment of the loan is expected to be raised through the rent receivable from the extended portion.
Present stipulation in the Home Loan policy that “while computing maximum eligible loan amount, expected
rent accruals from proposed house/flat being let out (net of taxes, cess etc.) may be reckoned subject to
maximum amount equivalent to the Net Monthly Income of the borrowers” shall continue to be in force.

(iv) If funding of third house merits classification under non-CRE exposure for reasons other than those
mentioned above, Circle CGM will have discretion to permit such classification on the basis of recorded
justification which does not violate the spirit of RBI guidelines mentioned above and subsequent modifications,
if any, in the guidelines issued by RBI.

2. Interest Rate : A premium of 50 bps over and above the interest rate applicable to Home Loan will be
charged. Discretionary power for concession in pricing on applicable card rate will not be available for
CRE Home Loans.

INTEREST RATE : NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29 Apr 2020

HL MASTER CIR AS ON 21032020
 SBI HOME LOAN PAL (PRE-APPROVED LIMIT) – (16)
HL MASTER CIR AS ON 21032020
(NBG/RE,H&HD-HL/49/2018 – 19 Date: Tue 8 Jan 2019)

1. The discretionary powers to issue PAL is as under :

Proposals falling within the discretionary Authority for approving proposal under PAL
Powers of
RCC AGM (RACPC)/ /RASMECC/Head RACC/ respective
AGM (region) in case of LPC
ZCC DGM (B&O)
RCCC GM (Network)

Home Loan proposals, falling beyond the CGM (Circle)

discretionary powers of RCCC up to CCSC

Home loan proposals, falling beyond the discretionary powers of Sanctioning Authority at RACPC /
RASMECC /LPC /RACC, received under PAL will be scrutinized by RACPC / RASMECC /LPC /RACC and
after completing all formalities like KYC compliance, CIBIL verification etc., RACPC/RASMECC/ RACC / LPC
will put up the proposal to the appropriate authority, as per Authority given below, for approval for issuance of
PRE-APPROVED LIMIT (PAL).

2. PAL will also be extended in case oftakeover of home loans.

3. Salient features of the scheme are:

 Minimum limit amount under this facility would be Rs. 10 Lacs.
 All the documents prescribed for Home Loan, except property documents would be collected from the
applicant along with the application form.
 KYC formalities including visits to residence and workplace, verification of income proof to be completed on
submission of the file to the RACPC.
 CIBIL credit report will be verified.
 RACPC will assess the loan eligibility on the basis of income details of the applicant.
Sanction of pre-approved Home Loan limit will be advised to the borrowers through a “Pre-approved Loan
Arrangement Letter (PLAL)” .
Non-refundable processing fee as applicable to the Home Loan will be collected upfront.

3. Characteristics of Pre-approved Loan Arrangement Letter (PLAL):

i) PLAL will be valid for a period of 3 months. The Home Loan application along with the relative property
document will be required to be submitted by the borrower within the validity of PLAL. Since the processing fee
in such cases is collected upfront, it will not be levied again.On the expiry of the validity period, fresh sanction
should be obtained from the appropriate sanctioning authority. In case a request for revalidation is received
from the customer and 50% of the applicable Processing Fee would be recovered for each revalidation of
sanction.
ii) The Interest Rate prevailing on the date of issue of Pre-approved Loan Arrangement Letter will not be
protected. The Interest Rate prevailing on the date of sanction of Home Loan will be applicable.
iii) PLAL will carry a clause that Home Loan will be sanctioned on the basis of PLAL only if there is no change
in the CIBIL credit report which is perceived to be adding to the risk assessed by the Bank at the time of
issuing PLAL.
iv) PLAL will be issued under the dual signatures of the processing officer as well as the sanctioning officer for
the Home Loan proposals falling under the discretionary powers of RACPC.
 SBI ASSET BACKED LOAN FOR RESIDENTIAL HOUSING (ABL-RH) (17)
(Cir. No.NBG/RE,H^HD-HL/43/2017 – 18 Date: Mon 27 Nov 2017)
HL MASTER CIR AS ON 21032020
NBG/RE,H^HD-BF/3/2020 - 21 Date: Tue 28 Apr 2020

1 Name of the Scheme : SBI ASSET BACKED LOAN FOR RESIDENTIAL HOUSING (ABL-RH)

2 Target Group Proprietorship/Partnership/Company

3 Purpose Creation / Acquisition of Residential Real Estate.

4 Nature of facility Fund Based and Non Fund Based – NFB facility can be given; however, LTV ratio has
to be maintained for the aggregate limits (FB+NFB) @ 60%, FB & NFB facilities have to be assessed
separately in order to fix repayment programme for the fund based facility. NFB facility should be reviewed
annually along with FB limit. Minimum 25% cash margin for NFB facility. Normal charges for LC / BG will
be applicable. NFB / FB facility can be converted into FB / NFB facility and vice versa at the time of annual
review / restitution, within the LTV ratio. Cash flow to be examined at the time of opening LCs in order to
ensure honouring bills on due date. NFB facility to be used for the normal activity of the unit.

5 Type of loan Term Loan

6 Eligible Customers Existing Customer already availing credit facilities from us. New units with
marketable assets to offer as security. Takeover of existing units from other Banks/ FIs with satisfactory
track record. (Credit Information Report to be obtained)

7 Takeover Criteria Bank existing Take over Norms for SME advances, including authority structure for
permitting deviations in take over norms, will be applicable except CRA Threshold level, which will be as per
RMD norms for residential real estate sector.

8 LTV% Immovable property: 60% of the realizable value

9 Loan Amount Minimum loan amount: Rs.50 lakhs. Maximum loan amount: Rs.10.00 crores, where
RMRE is posted or RMSME identified to handle REH business otherwise maximum loan will be Rs.5 crores.
However, Circle/CCG CGM may have discretionary power to permit deviation regarding processing of the
proposals above Rs.10 crores to Rs.50 crores based on the fulfillment of the minimum following parameters:

TOL/Adj TNW should be maximum 5; CRA rating should be as per guidelines issued by RMD for existing
and new accounts; Exposure above the Maximum Limit i.e. Rs.50 crores is permitted with the approval from
the Group Head. For funding at NBG, project size should be maximum of Rs.100 crores.

10 Margin Required : Margin should be minimum 25% of the deficit as per Project Cash Flow.

11 Sanctioning Authority : As per delegation of financial power for Term Loan.

12 Interest Rate EBLR-one year (floating) + 355 bps Additional 20 bps concession for the unit having
ECR of “BBB” & above. Following concessions will be extended to the developer back ended only on annual
basis, if penetration of our Home Loan after sanction of our loan in the funded project will be more than 40%.
Penetration % >40% to 50% > 50% Interest Concession Upto 10 bps@ Upto 25 bps@ @Appropriate /
Sanctioning Authority can extend concession based on the negotiated penetration percentage.
13 Eligible security

Immovable property (compliant under SARFAESI Act) pertaining to unit, its proprietor/partners/ directors or
their near relatives. Near relatives will cover Father, Mother, Spouse, Son, Daughter, Real Brother & Real
Sister. Immovable property (compliant under SARFAESI Act) standing in the name of Associates/Group
companies / Joint Venture Holders can also be taken as collateral security subject to compliance with
Company’s Act. Legal opinion in such case may be vetted by the Law Officer at ZO/LHO. Leased property
cannot be taken as security. However Residential / commercial property constructed on land leased by
statutory government bodies / Government Development Authorities may be permitted (Opinion of Bank’s law
officer should be obtained regarding enforceability of charges on lease hold land). However, industrial property
/ land / plots both leased & freehold cannot be taken as security for ABL-RH.

14 Security Collateral:

Immovable property in the form of Equitable/ Registered Mortgage of land and building, by way of first
charge pertaining to Unit, its proprietor/partners/directors or their near relatives. Immovable property
(compliant under SARFAESI Act) standing in the name of Associates/Group companies / Joint Venture
Holders can also be taken as security subject to compliance with Company’s Act. Legal opinion in such case
may be vetted by the Law Officer at ZO/LHO.

15 Assessment of The credit limits : The assessment for the requirement of credit limits:

Loan assessment will be based on the projected cash flow of the project. The limit will be fixed at 75% of
Peak deficit for the project. The limit can be given by combining the existing ongoing projects. Negative lien /
NOC also to be stipulated for ongoing projects, cost of which have been included for assessment of the credit
limit. Financing for fixed assets required for construction activity along with project loan is permitted. The
Cost estimates of the project are to be vetted by the Bank’s empanelled Engineer. Branch should ensure
that all mandatory permissions / approvals including RERA registration for the project are in place before
appraising the loan proposal.

16 Disbursement The loan will be disbursed after registration of the project with RERA authority as per acts of
respective States / UTs, if applicable. Branch should ensure that all mandatory permissions / approvals for the
project are in place before disbursement.

17 Repayment Projects will be funded by way of Term Loan only. Limits can be sanctioned for a period of
12 months to 84 months including the moratorium with either Equated Reduction in limit or customized
reduction in limit depending upon the cash accruals as per projections, size of the project and date of
completion of the project. Interest has to be serviced during moratorium period. The drawing power shall
be reduced so as to have the loan liquidated at the end of the period in line with the projected or actual cash
budget and sale of flats / apartments. DSRA equivalent to 3 months’ instalments & Interest to be built up
during moratorium period and before commencement of instalments in ESCROW account / STDR. Further,
outstanding in the ESCROW account / STDR should be 3 months’ interest on the drawn outstanding at any
point of time during the moratorium period.

18 Pre-payment penalty In case of pre-payment / pre-closure from internal accruals pre-payment / pre-
closure penalty will not be levied. 2% of the drawing power. As per RBI Circular no. RBI/2014-15/72,
Floating rate term loans sanctioned to individual borrowers are exempted from levy of foreclosure charges.

19 Penal interest 2% of outstanding amount, if overdue by >7 days

20 Valuation of property Valuation of property to be carried out as per the Bank’s extant instructions.
Market information on real estate prices to be considered while assessing the proposal. Fresh valuation of
property to be carried out every 3 years and any shortfall has to be topped up.
21 Upfront fee 1% of the limit and Upper cap is as under: Rs.10 lakhs for loan up to Rs.50 crores.

Rs.20 lakhs for loan more than Rs.50 crores and up to Rs.100 crores. However, discretionary power for
concession in the upfront fee to be exercised by the appropriate authority as per the extant instructions on
case to case bases.

22 Equitable Mortgage Charges

Up to Rs.5 cr: Rs. 15000/ >Rs. 5 cr: Rs.25 per lac Min: Rs.25000/-Max:Rs.40000/

23 Facility Fee Not Applicable

24 Inspection Charges Limits upto Rs.1 cr: Rs.1000/- per inspection. Limits above Rs.1 cr: Rs.3000/- per
inspection

25 Commitment Charges Nil (more than 75% utilization) 0.50% (50% to 75% utilization) 1% (for <50%
utilization)

26 Documentation MOU for Tie up of the Financed Project, Document for Negative Lien on the project land
and SME Documentation as applicable. The under-noted documents will also be required for the Mortgage
of the property Original Title Deeds, House /Property tax payment receipts. Title investigation report as per
Bank’s extant instruction. However, TIR should be obtained from two different panel advocates in case of all
loans above Rs. 25 lacs.

27 Third party Guarantee Personal Guarantee from the Promoters/Partners/Directors of the Unit.
Personal Guarantee / Corporate Guarantee of the owner of the Collateral Security offered as security.

28 Cash Flow Statements Cash flow statement on Quarterly basis. (May / Aug / Nov / Feb). Cash flow
statement is obtained to confirm the level of activity/status of the project. Stock audit is not mandatory.
Copy of Report duly certified by Architect, Engineer & chartered accountant submitted to RERA Authority for
withdrawal from RERA account to be obtained and verified to know the progress of the Project.

29 Renewal / Review Review has to be carried out annually and put up to the sanctioning authority under
whose powers total / aggregate exposure to the borrowing unit / entity falls. Quarterly review of ABL-RH
loans (As per Annexure-III) to be done till the completion of the project and put up to GM (NW). In case of
delayed projects, this review should be on monthly basis. Restitution / enhancement in limits not permitted.

30 Enhancement in limits

Enhancement in limits not permitted. Fresh ABL-RH limit for another project can be sanctioned based on the
cash flow of the new project, subject to LTV at 60% of the Exposure [Outstanding of Existing Loan + Proposed
Fresh Limits). Borrower may also provide additional property as collateral, if required in addition to the existing
collateral.

31 Inspection Quarterly inspection of the collateral security and monthly inspection of the project coinciding
with receipt of the actual cash budget. During inspection, the Cash Flow Statement as obtained from the
borrower shall be scrutinized to confirm the level of activity/status of the project and end use of funds. Digital
inspection should be started once it is stabilised otherwise routine inspection to be recorded in the standard
inspection format.

32 Monitoring and Follow Up instruction Obtention of quarterly progress report of project along with
supported cash flow for monitoring purpose. Branches shall ensure that each borrower under the scheme is
contacted/ visited regularly and in particular, immediately on notice of delay in repayment of interest/instalment.
This is important as it is observed that accounts tend to become irregular and slip to NPA when there is no
contact between the branches and their borrowers.
 BUILDER FINANCE FOR RESIDENTIAL HOUSING PROJECTS (18)
(NBG/RE,H^HD-BF/6/2020 - 21 Date: Thu 30 Apr 2020)

1 Scheme Builder Finance for Residential Housing Projects (BFRHP)

2 Target Group Real Estate Developers / Builders Prop / Partnership / LLP / Company

3 Purpose Construction of Residential Projects. [Where residential portion in the project is more than 50% of
the Floor Area Ratio (FAR)].

4 Eligibility Criteria (i)For Loan upto Rs.50 crores: Real estate developers with a rating of SB7 & better in case
of existing connection and in case of new connection, SB-06 & better. (ii) For Loan above Rs.50 crores,
External Rating is mandatory and ECR/CRA norms are as under: Loan Amount ECR CRA New Connection
Existing Connection From Rs.50 crores to Rs.100 crores Min BB SB-6 SB-7 BBB & Better SB-7 SB-9 Above
Rs.100 crores BBB & Better SB-7 SB-9 (iii) Where Projects are rated, the project should have been rated
minimum “STAR 5” rating in the scale of 0-7. (iv) For Loans above Rs.50 crores, if the ECR is not available at
the time of sanction, company must get ECR rating done within 3 months of sanction otherwise a penal interest
of 1% has to be recovered till the date of obtention. If the unit gets the ECR below the prescribed rating,
interest rate to be increased by 0.50%. (v) For loans above Rs.10 crores – Turnover achieved as per Audited
Balance Sheet in any two of the preceding three financial years by the entity / group to which the borrowing
entity belongs to should be Min. Rs.50 cr., for builders operating mainly from major cities (Mumbai, New
Delhi and NCR, Chennai, Kolkata, Ahmadabad, Bangalore, Hyderabad and Pune). Min. Rs.25 cr. for
builders operating from other major cities.

OR

Cost of construction as per Audited Balance Sheet in any two of the preceding three financial years by the
entity / group to which the borrowing entity belongs to should be Min. Rs.30 cr., for builders operating mainly
from major cities (Mumbai, New Delhi and NCR, Chennai, Kolkata, Ahmadabad, Bangalore, Hyderabad and
Pune). Min. Rs.15 cr. for builders operating from other major cities. OR Area of
construction (residential / commercial) during the preceding three years (aggregate) by the entity / group to
which the borrowing entity belongs to, should be minimum two lakhs sq. ft. and this should be verified from
RERA site / Liases-Foras, Proptiger or other real estate reports.

(vi) The borrowing entity /promoters/group should have been in existence for a minimum period of 3 years and
has experience in development of Residential/Commercial projects. (vii)Satisfactory CIBIL check for promoters
(Score of 650 and above). (viii) In case of commercial CIR, company & its Subsidiary / Associate should not
have any due other than standard outstanding.

5 Loan Exposure

Minimum: Rs.1.00 crore. 5 times the NOF for loans up to Rs.25.00 crores 3 times NOF for loans above
Rs.25.00 crores [NOF includes capital and unsecured loans from Directors / Promoters subordinated to Bank
debt].

All the proposals / loans will be handled by RMREs only in NBG. In centres where RMREs are not posted,
RMSMEs identified by Circle Management Committee for handling RE business will handle the proposals in
NBG till full-fledged RMRE is posted, depending on the

business potential at the centre. The account will be mandatorily parked only in identified branches where
RMREs / Designated RMSMEs services are available, otherwise maximum loan limit will be Rs.5 crores.
6 Assessment of the Limit

1.a. For Limit from Rs.1 crore to Rs.10 crores: Maximum 50% of the Peak Deficit based on the projected cash
budget [Deficit = Cost of the project (including the value of land as per sale / lease deed) less advance /
deposit received / receivable (Both already booked and new Bookings from customers), etc.]. b. For Limit
above Rs.10 crore to Rs.25 crores: For 7 major cities e.g. Mumbai, New Delhi and NCR, Chennai,
Ahmadabad, Bangalore, Hyderabad and Pune: Maximum 70% of the Peak Deficit based on the projected cash
budget [Deficit = Cost of the project (including the value of land as per sale / lease deed) less advance /
deposit received / receivable (Both already booked and new Bookings from customers), etc.]. For other cities:
Maximum 50% of the Peak Deficit based on the projected cash budget [Deficit = Cost of the project (including
the value of land as per sale / lease deed) less advance / deposit received / receivable (Both already booked
and new Bookings from customers), etc.]. c. For Limit above Rs.25 crores: Maximum 70% of the Peak Deficit
based on the projected cash budget [Deficit = Cost of the project (including the value of land as per sale / lease
deed) less advance / deposit received / receivable (Both already booked and new Bookings from customers),
etc.]. 2. Subject to the following conditions: i. The advance from the new bookings estimated in the means of
finance, should not be more than 30% of the sales. ii. Advance from customers should be as per cash budget
submitted at the time of proposal. Any shortfall to be brought in upfront by the promoters at the time of each
construction linked disbursement. iii. Sale velocity of flats/apartments in the project location / area has to be
taken into account while accepting the estimated advance from the customers. iv. The processing / assessing
officers should verify / ascertain the sources of promoter’s stake & Builder’s capacity to bring in the required
margin in case the advances from customers is not forthcoming as per the projections. v. Past track record and
Promoter’s / developer’s creditworthiness has to be ascertained. vi. No existing projects of the builder are
stalled in the past and / or delayed by more than one year from the date of launch or date of last approval for
construction, whichever is later. vii.If the advance from the customers in respect of already booked units is not
received as per estimates, promoter has to bring deficit amount in the form of margin. viii. Receipts of advance
of more than 5% in 8 cities (Mumbai, New Delhi & NCR, Chennai, Kolkata, Ahmadabad, Bangalore, Pune and
Hyderabad) and 10% for other cities is considered as confirmed booking in the project.

7 Promoter’s Margin

1.a. For Limit from Rs.1 crore to Rs.10 crores: Promoter’s contribution should be minimum 50% of the peak
deficit [Deficit = Cost of the project (including the value of land as per sale / lease deed) less advance / deposit
received / receivable (Both already booked and new Bookings from customers), etc.]. b. For Limit above Rs.10
crore to Rs.25 crores: For 7 major cities e.g. Mumbai, New Delhi and NCR, Chennai, Ahmadabad, Bangalore,
Hyderabad and Pune Promoter’s contribution should be minimum 30% of the peak deficit [Deficit = Cost of the
project (including the value of land as per sale

8. Circular References :

1. HL MASTER CIR AS ON 21032020

2. 30032019 &15042019 OPAS 22042019
3. Modifications Cir Sl.No. 268 Dated 31052019
4. DUE DILIGENCE AND KYC COMPLIANCE - NBG/RE,H^HD-BF/83/2019 - 20 Date: Fri 6 Dec 2019
5. BUILDER FINANCE PROPOSALS: IN-PRINCIPLE ADMINISTRATIVE APPROVAL – 110619
6. PRODUCT CODES 04062019 PRODUCT CODES IN CBS – 240619
7. PRE EMI-INTEREST BY BUILDERS SCHEME – 02082019
8. EBLR WEF 01102019 CIR DT 19102019
 SBI GRIH NIRMAN PROJECT FINANCE SCHEME FOR
AFFORDABLE HOUSING PROJECTS (19)
(Circular No.: NBG/RE,H&HD-HL/58/2017 – 18 Date: Wed 28 Feb 2018)
HL MASTER CIR AS ON 21032020
Modifications Cir Sl.No. 268 Dated 31052019
(NBG/RE,H^HD-BF/6/2020 - 21 Date: Thu 30 Apr 2020)

SBI GRIH NIRMAN PROJECT FINANCE SCHEME FOR AFFORDABLE HOUSING PROJECTS (GN-AHP)

In terms of Government of India guidelines, a project will be eligible to be classified as an Affordable Housing
Project, if it complies with the following conditions: A. If the project is approved by the competent authority after
the 1st day of June’2016, but on or before the 31st day of August’2019;

a) The project is to be completed within a period of five years from the date of approval by the competent
authority; provided that i. where the approval in respect of a housing project is obtained more than once, the
project shall be deemed to have been approved on the date on which the building plan of such housing project
was first approved by the competent authority; and ii. the project shall be deemed to have been completed
when a certificate of completion of project as a whole is obtained in writing from the competent authority.

b) The carpet area of the shops and other commercial establishments included in the housing project does not
exceed 3% of the aggregate carpet area.

c) The project is on a plot of land measuring not less than: i. 1000 square meters, where the project is located
within the cities of Chennai, Delhi, Kolkata or Mumbai; or ii. 2000 square meters, where the project is located in
any other place

d) The project is the only housing project on the plot of land as specified in item No. (c); e) The carpet area of
the residential units comprised in the housing project does not exceed: i. 30 square meters, where the project
is located within the cities of Chennai, Delhi, Kolkata or Mumbai; or ii. 60 square meters, where the project is
located in any other place. f) The project utilizes: i. not less than 90% of the Floor Area Ratio permissible in
respect of the plot of land under the rules to be made by the Central Government or the State Government or
the local authority for Affordable Housing as per item No. e(i), or ii. not less than 80% of such Floor Area Ratio
permissible in respect of the plot of land under the rules to be made by the Central Government or the State
Government or the local authority for Affordable Housing as per item No. e(ii).

B. The project is approved by the competent authority on or after the 1st day of September’2019, but on or
before the 31st day of March’2021 (Date will change time to time as per the guidelines issued by the central
government):

a. The project is to be completed within a period of five years from the date of approval by the competent
authority, provided that i) where the approval in respect of a housing project is obtained more than once, the
project shall be deemed to have been approved on the date on which the building plan of such housing project
was first approved by the competent authority; and ii) the project shall be deemed to have been completed
when a certificate of completion of project as a whole is obtained in writing from the competent authority.

b. The carpet area of the shops and other commercial establishments included in the housing project does not
exceed 3% of the aggregate carpet area.

c. The project is on a plot of land measuring not less than: i) 1000 square meters, where such project is located
within metropolitan cities of Bengaluru, Chennai, Delhi National Capital Region (limited to Delhi, Noida, Greater
Noida, Ghaziabad, Gurugram, Faridabad), Hyderabad, Kolkata and Mumbai (whole of Mumbai Metropolitan
Region); or ii) 2000 square meters, where such project is located in any other place;
d. The project is the only housing project on the plot of land as specified in item No. (c);

e. The carpet area of the residential units comprised in the housing project does not exceed: i) 60 square
meters, where such project is located within the metropolitan cities of Bengaluru, Chennai, Delhi National
Capital Region (limited to Delhi, Noida, Greater Noida, Ghaziabad, Gurugram, Faridabad), Hyderabad, Kolkata
and Mumbai (whole of Mumbai Metropolitan Region); or ii) 90 square meters, where such project is located in
any other place.

f. The stamp duty value of a residential unit in the housing project does not exceed Rs.45 lakh; g. Where a
residential unit in the housing project is allotted to an individual, no other residential unit in the housing project
shall be allotted to the individual or the spouse or the minor children of such individual; h. The project utilizes: i)
not less than 90% of the Floor Area Ratio permissible in respect of the plot of land under the rules to be made
by the Central Government or the State Government or the local authority, as the case may be, where such
project is located within the metropolitan cities of Bengaluru, Chennai, Delhi National Capital Region (limited to
Delhi, Noida, Greater Noida, Ghaziabad, Gurugram, Faridabad), Hyderabad, Kolkata and Mumbai (whole of
Mumbai Metropolitan Region); or ii) not less than 80% of such Floor Area Ratio where such project is located
in any place other than the place referred to in sub-clause (i); i. The assessee maintains separate books of
account in respect of the housing project.

2. All operating instructions will be as per the scheme “Builder Finance For Residential Housing Projects”
except the Interest rate, Upfront fee and Internal rating mentioned at para 4 under Eligibility Criteria, details of
which are as under:

Interest Rate is linked to CRA Rating of the Unit less 50 bps; Upfront Fee is 70% of the applicable rate for
Term Loan. For Loan upto Rs.50 crores: Real estate developers with a rating of SB-8 & better in case of
existing connection and in case of new connection, SB-06 & better.

For Loan above Rs.50 crores, External Rating is mandatory and ECR/CRA norms are as under:

Loan Amount ECR CRA New Connection Existing Connection From Rs.50 crores to Rs.100 crores Min BB SB-
6 SB-8 BBB & SB-7 SB-9

Better Above Rs.100 crores BBB & Better SB-7 SB-9

Interest Rate EBLR WEF 01102019 CIR DT 19102019

NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29 Apr 2020
 BUILDER TIE UP LOANS (20)
With RERA stabilizing fast across the country and all RERA-registered projects undergoing stringent process
for complying regulatory requirements, a need has been felt to align our policy guidelines on Builder Tie-Up
with RERA norms. Besides, current Annual Review process for Builder Tie-Up is time consuming and stifles
the seamless flow of home loan business from approved projects.
2. In light of implementation of RERA at majority of states and all UTs, and to attract more projects under Tie-
Up by simplifying Builder Tie-Up process, we have brought in following amendments concerning policy
guidelines on Builder Tie-Up:

a) The project completion period noted by the builders with RERA while registering their projects in RERA
will be acceptable not exceeding 60 months including the extension given by RERA. As per RERA guidelines,
builders have to give a specific timeline, within which they undertake to complete the project or phases. This
timeline should strictly be adhered to, while approving the project. This period canbe extended by the RERA
authority only. In such cases of extension by RERA, Administrative Approval from DGM (B&O) should be
obtained for the Project Tie-Up.
b) The Builder’s adherence to the Project completion schedule should be satisfied on the basis of
promoters’ track record in timely completion of their last three completed Projects.
c) Registration of projects with RERA of the state is MANDATORY in all states/UTs concerned, wherever
RERA has been notified and has come into force. However, in states and UTs where RERA has been enacted
but full-fledged work is yet to start due to lack of infrastructures and manpower, residential projects in these
states and UTs can be approved based on the RERA registration application number of projects. However,
Home Loan proposals under these projects will be processed and sanctioned only after obtaining RERA
registration number. Rationale: To align with RERA guidelines on project completion period and to facilitate
Projects Tie-Up based on RERA application number to prevent loss of business during the transition period of
RERA, and thereby onboarding maximum RERAregistered projects under BTU.

Validity of Approval: The validity of the Tie-Up willcontinue for the duration of the Project, viz; as long as
the sales are taking place in the Project. The first Review should be done by the Builder Tie-up Approving
Authority at an interval of 36 months or earlier if the builder wants to increase the selling price of the flats.
However, operating units will carry out annual “quick review” as per the format (Annexure-A) to analyze
performance under Builder Tie-Up. A business decision may be taken by the Approving Authority accordingly
for continuance of the Tie-Up relationship with the Builder or otherwise. However, a simple project review has
to be put up to the DGM(B&O) about status of project implementation, at yearly interval. Rationale: Extending
project review period to 36 months will help us receive uninterrupted Home Loan proposals from the project
and introducing “Quick review” will speed up project review process. This will also ensure adhesiveness with
approved projects and open up opportunity for takeover proposals.

Subsequent Search: Project Approval Cell (PAC), now renamed as Builder Relation Team (BRT) /RACPC
should obtain Encumbrance Certificate(EC) every year (in states/UTs where available) at the time of Quick
review of the project to verify the status of encumbrance of the Project land. In states/UTs where issuance of
EC is not in vogue, fresh TIR for the intervening periods has to be obtained for quick review . The report should
be uploaded at Builder Tie-Up site by BRT/RACPC immediately on receipt. A Daily list for subsequent
Periodical EC should be maintained by BRT/RACPCs and request for subsequent search should be sent to the
Advocate regularly. Rational: Obtaining EC in lieu of search report at the time of quick review of project will
save time otherwise spent on getting search report, apart from expediting project review process. This will also
simplify documentation process required for reviewing approved project thereby attracting more and more
projects into our fold.

Circular References :
1. NBG/RE,H&HD-HL/25/2018 – 19 Date: Sat 15 Sep 2018) &43/2018 – 19 Date: Tue 27 Nov 2018)
2. FLEXIBLE MARGIN PAYMENT OPTION SCHEME (FMPOS) CIR 191118 &CIR 220119
3. Pre-EMI Interest by Builders Scheme - Refer HL MASTER CIR AS ON 31012019
4. NON- BTU PROJECT AGAINST WHICH MORE THAN 10 HLs SANCTIONED 29082019
5. EBLR WEF 01102019 CIR DT 19102019
6. Discontinuance of Home Loans in Non-Reviewed Projects under Builder Tie-Ups 08112019
7. BUILDER TIE UP RELAXATIONS 20042020
 SBI EXLUSiF (21)
(NBG/RE,H&HD-HL/37/2018 – 19 Date: Sat 3 Nov 2018)
HL MASTER CIR AS ON 21032020

SBI was the first Public Sector Bank to venture into Wealth Management initiative – ‘EXCLUSiF’ in 2016
with an objective to provide total financial solution to HNI / High– end customers through specialized &
dedicated e-Wealth centres / Wealth- Hubs located in Metros/Urban centres.

Brief about Wealth Management :

Wealth Management is targeted at the upwardly mobile and elite customers. Following are the eligibility criteria
for Exclusif customers (customer fulfilling any of these conditions):
(i) Total Relationship Value (TRV) of more than Rs 30 lacs (deposit+MF+Demat) with the Bank (Rs 50 lacs for
family)
(ii) Net Salary credit of more than Rs 2 lacs per month (Rs 3 lacs for family)
(iii) Home loans of more than Rs 1 Cr (Rs 1.50 Cr for family)
(iii) For new acquisition- Rs 10 lacs of initial deposit with potential to scale it up to Rs 30 lacs.

Eligible customers :Existing Exclusif customers and New Exclusif customers (to be onboarded) in following
categories:
i. Salaried with pensionable job ii. Salaried without pensionable job iii. Non-Salaried
Both RM (Wealth Management) and HLST Executive will coordinate for sourcing from Existing as well as New
Exclusif customers.

Schemes under offer :

(i)Salaried with Pensionable job :
If age is up to 45 yrs - Flexipay or Privilege/Shaurya Home loan
If age above 45 years – Privilege/Shaurya Home loans
(ii)Salaried but Non-pensionable:
If age is up to 45 yrs - Flexipay
If age above 45 years – Normal Home loans
(iii)Non-Salaried Exclusif customers:
Differential Offerings to non-salaried scheme

Maximum permissible Home loan & Mini age/Maximum age : As per respective Schemes

Loan tenure & ROI : As per respective Schemes

Minimum loan amount criteria : No minimum limit for Existing Exclusif customers. For New Exclusif
customers: Home Loan of more than Rs 1 cr

CIBIL score :As per the scheme

Furnishings & Interiors :15% of the cost of the house/flat subject to maximum Rs 50 lacs.
However, the maximum loan amount will be restricted to the stipulated LTV Ratio. The cost of interiors /
Modular Kitchen /Fixtures / Furnishing etc., which add-up to the realizable value of the property, will be added
to the agreement value/project cost for arriving at project cost and LTV.

Product Code :No separate product code is necessary to extend home loan under SBI EXCLUSiF home loan
scheme. However, scheme code viz., “9135-SBI EXCLUSIF” should be used to open home loan account in
CBS under SBI ‘ EXCLUSiF’ Home Loan Product.

The above scheme will be applicable to all Metro & Urban centres, where Wealth-Hubs are located.
 YONO : PROJECT LOTUS INITIATIVE e2e DIGITISATION OF HOME LOANS (22)
HL MASTER CIR AS ON 21032020

With a view to be in sync with the on-going disruptive innovations in banking and technology, YONO App was
conceptualised under Project Lotus. Redesigned Retail Loan journeys in self-service mode through YONO
App/Portal and in assist mode through branches are being re-imagined with twin objective of creating customer
delight and improving operational efficiency.

1 Objective of Home Loans on YONO (Presently available for existing customers. At a later stage, new
to bank customers will also be offered home loans on YONO)
Offer instant in-principle approval for home loan to our existing customers, on YONO App/Portal. Customer can
also view details/features of all the home loan products of our bank.

2 About Home Loans on YONO

Home Loans on YONO is a digitised process for home loan application, for identifying best suitable product for
the customers and for giving instant inprinciple approval. Instant in-principle approval is accorded on the
basis of digital verifications for Credit Bureau. Automated calculation of risk score as per Risk Scoring
Model (RSM), based on customer input is also done. Once customer gets inprinciple approval, the loan
application is allotted to HLST (for BPR branch) and Branch (for Non-BPR Branch), as per his/her selection of
the preferred branch, who in turn is required to collect the documents and to continue the home loan
process in LOS, as per existing process/instructions.

3 Pre-requisites to start home loan application process on YONO to get instant inprinciple approval
1.Applicant and co-applicant should be existing customer of SBI. New to Bank customer can open account,
may be through YONO, and subsequently, may apply for home loan on YONO.
2.Applicant’s PAN should be available in CIF in CBS. Also, his date of birth and mobile number should be
available and correct in CBS.
3.Applicant should be above the age of 18 years.
4.Applicant(s) should be Resident Indian.
5.There can be maximum two applicants, one applicant and one co-applicant, for home loan application on
YONO.
6.Applicant(s) existing loan account(s), if any, should be regular (IRAC 0 or IRAC 1), as per CBS. All the
above mentioned pre-requisites are verified through CBS, in real time manner, when customer clicks on
“Apply Now”. For the co-applicant as well, all the pre requisites are verified from CBS, failing which,
coapplicant cannot be added.

4 Process Features
Process starting from initiation of home loan application on YONO App/Portal to final approval of home loan in
LOS is broadly divided into 3 parts:
• Home Loan application process for customer on YONO App/Portal • Viewing home loan application details in
CRM • Home loan process in LOS for:
i. Applications initiated and completed on YONO
App/Portal and have received inprinciple approval.
ii. Applications initiated on YONO but left incomplete or applications originated on LOS - both type of
applications will be handled in assist mode.

The detailed processinvolved in each of the above stage for easy understanding of the staff is elaborated
in the above referred HL MASTER CIR AS ON 21032020
 NRI HOME LOANS (23)
(HOME LOAN TO NON RESIDENT INDIANS (NRIs) AND PIOs HOLDING A FOREIGN PASSPORT)
HL MASTER CIR AS ON 21032020
NBG/RE,H&HD-HL/79/2019 - 20 Date: Thu 21 Nov 2019 – Modifications
1. Purpose :
As per Home Loan Scheme

2. Eligibility :
Individual (s) over 18 years of age with a steady source of income who • are Non Resident Indians (NRIs)
holding a valid Indian passport • are persons of Indian Origin (PIOs) holding a foreign passport NRIs and A
person registered as an Overseas Citizen of India and holding OCI Card and foreign passport are eligible for
Home Loans under the Scheme may include
(i) NRIs, with total work experience of 2 years in India or abroad, who have taken up jobs/professions/other
economic activity abroad for better prospects (ii) NRIs with a job contract for a minimum period of 2 years
abroad after completion of 6 months in the employment [AGM (Region)/AGM Branch may permit deviation in
the Minimum tenure abroad] and presently holding a valid job contract /work permit.
(iii) Indian citizens working abroad on assignments with foreign Governments/ government agencies or
International/Regional Agencies like the UNO, IMF, World Bank, working with Merchant Navy etc., Officials of
the Central and State Governments and Public Sector Undertakings deputed abroad on temporary
assignments or posted to their offices (including Indian Diplomatic Missions) abroad.
(iii)

3. Loan Amount:
Minimum: Rs. 3.00 lacs Maximum: Maximum permissible loan amount would be determined by EMI/NMI ratio
and LTV ratio criteria as applicable to regular Home Loans scheme for Resident Indian customers. Clubbing of
income of co-borrowers/guarantors and expected rent accruals on proposed property will be permitted as per
the norms specified for Home Loan scheme for residents.
3.1 Maximum LTV Ratio: For Salaried Customers:
Loan Amount LTV Ratio Up to Rs.75 lacs 80% Above Rs.75 lacs 75%
For Non-Salaried Customers:
Loan Amount LTV Ratio Up to Rs.75 lacs 75% Above Rs.75 lacs 70%
(Ref. : e-Circular No. NBG/PBU/HL-HOME LOANS/8/2015-16 dt 13.05.2015)
3.2 Loans for repairs/renovation :
The maximum loan amount should be normally limited to Rs.10 lacs. Loans exceeding this amount require
prior administrative clearance from the GM of the network, in all cases where sanctioning authority is an official
of a lower grade.
3.3 Furnishings and interiors :As per Home Loan Scheme
3.4 Sanction of Loans / Administrative Clearance : As per Home Loan Scheme
3.5 Houses / Flats over 15 years old :As per Home Loan scheme.
3.6 Facility: Term Loan and Maxgain (As per Home Loan Scheme)

4. Security :(a) Normally equitable mortgage by deposit of title deeds should be obtained.

5. Repayment : The repayment by way of EMI will be determined on the basis of the current rate of interest.
Repayment of the loan is required to be made by the borrower within a maximum period of 30 yearssubject to
the stipulation that the loan should be liquidated by the age of 60 years or by the age of retirement, whichever
occurs earlier. The AGM (Region)/(Branch) may permit the repayment of loan up to the age of 70 years
provided the approving authority is satisfied about the continuity of the income. For example many NRIs are
working in multilateral organizations like ADB, UNICEF, which offer pension benefits whereas in some cases
retirement age of NRIs are more than 60 years.

6. Rate ofInterest: NBG/RE,H&HD-HL/5/2020 - 21 Date: Wed 29 Apr 2020

7. Take-over of Home Loans : As there is no restrictive covenant in this regard by RBI, take-over of
loans from other Banks/ Housing Finance Companies is permitted, subject to completion of due
diligence as per the Take over norms of Home Loan Scheme
 LOAN AGAINST TDRs, NSCs, KVPs & SECURITIES
(emanual on P SEG ADV– GENERAL INSTRUCTIONS - OTHER SCHEMES)
RATE OF INTEREST : R&DB/CD&e-COM/Demand loan/4/2018 – 19 Date: Fri 14 Sep 2018
Delegation of Financial Powers – Loans against SBI LIFE/ LIC / MF/ DAF - 06062019
ACCEPTANCE OF INVESTMENTS IN SELECT SBIMF AS COLLATERAL 200619
Processing through LOS - R&DB/CD&e-COM/Demand loan/5/2019 - 20 Date: Sat 7 Dec 2019

S.NO. SCHEME CIRCULAR REFERENCE (S)

1 LOAN AGAINST TERM DEPOSITS NBG/SMEBU-LOANTDR/41/2015 - 16

LOAN AGAINST BANK’S OWN TIME DEPOSIT BY
NON-HOME BRANCHES
DL AGAINST TDR ABOVE RS. 50 LACS
DL AGAINTS THIRD PARTY TDRS
TO INDIVIDUALS
LOAN AGAINST TDRS
NPA RECOGNITION
Avoid OD/DL against Term Deposit becoming NPA
2 LOAN AGAINST NSC/KVP
OVERDRAFT FACILITY
NON-ADHERING TO BANK’S LAID DOWN
INSTRUCTIONS
Thursday,October 08,2015.
Int. Rates Cir dt. 200818
NBG/PBU/PL-PERLOANS/18/2015 -16
Friday,June 26,2015
NBG/PBU/PL-TDRLOANS/2/2018 - 19
Date: Fri 20 Apr 2018
NBG/PBU/PL-TDRLOANS/29/2018 - 19
Date: Thu 16 Aug 2018
R&DB/CD&e-COM/Demand loan/7/2018 – 19
- Date: Mon 25 Feb 2019
R&DB/PBU/2/2019 – 20 - 170619
NBG/PBU/PL-LOAN NSC//38/2014 -15
Thursday,September 25,2014
R&DB/CD&e-COM/Demand loan/3/2019 – 20
Date: Fri 23 Aug 2019

3 LOAN AGAINST MUTUAL FUND UNITS (EQUITY/ NBG/PBU/PL-LAS/88/2016 - 17

HYBRID / ETF/ DEBT /FMP)
4 LOAN AGAINST FINANCIAL SECURITIES
WITHDRAWAL OF SOME SCHEMES
5 LOAN AGAINST SOVEREIGN GOLD BONDS
(SGBs) HELD IN
PHYSICAL & DEMAT FORM
Monday,February 27,2017 Dt 280518
NBG/PBU/PL-LOAN NSC//5/2017 - 18
Date : Monday 22nd May 2017
NBG/PBU/PL-PERLOANS/52/2017 - 18
Date: Tue 9 Jan 2018
Dated 280518 Dated 090818

6 LOAN AGAINST SBI DUAL ADVANTAGE FUND NBG/PBU/PL-PERLOANS/54/2017 - 18

(DAF) Date: Mon 15 Jan 2018
7 LOAN AGAINST MUTUAL FUND UNITS (LAMFU) NBG/PBU/PL-LOAN AGAI/57/2017 18
Date: Fri 19 Jan 2018
8 LOAN AGAINST SHARES (ON-LINE) NBG/PBU/PL-LOAN AGAI/69/2017 - 18
FINANCING AGAINST EQUITY SHARES 30 Date: Tue 13 Mar 2018
PERCENT CEILING 20022020.pdf
9 SOP ON PLEDGE OF SHARES Date: Fri 16 Mar 2018
Date: Thu 29 Nov 2018
10 LOAN AGAINST LIC POLICIES Monday, October 05,2009
11 LOAN AGAINST EQUITY SHARES Date: Sat 5 Jan 2019
12 LOAN AGAINST SBI LIFE INSURANCE Interest Cir dt 14092018
S.NO. IMPORTANT CIRCULARS
1 ADVANCES – LOAN POLICY 2019-20 25042019

2 SERVICE CHARGES – P SEGMENT ADVANCES

3 SERVICE CHARGES – GOLD LOANS (MODIFICATIONS)
4 SERVICE CHARGES – CERSAI – 09082017CERSAI SOP 081217

5 LOS – HOME LOANS – WORK FLOW - 18112017, ANEX-A,B

6 CIC 21122017&04012018& 17012018 CIC HL CIC EDL CIC SME CIC AGR
CIC PENSION LOANS 18022020.pdfCIC XPRESS CREDIT 201219.pdf
7 CERSAI UPDATION THROUGH CCDP – 26022018 CERSAI TIME LINE 21012019

8 MIGRATION OF PRE-SANCTION CREDIT PROCESS FROM NON-BPR BRANCHES – 23052018

9 TIR MASTER CIRCULAR 13132013TIR SOP DATED 25092017CLARIFICATIONS 09032018
SUPPLEMENTARY TIR 090718 TIR VERIFICATION OF POSSESSION OF PROPERTY 090718
MODIFICAION IN FORMAT 121218
10 LOS PB – ONLINE CONTROL CONTROL 27072018 &CIR DT 25022019
11 LOAN INSURANCE FOR P LOANS 160818
12 STANDARD COVENANTS REVIEW 19092018
13 RACC ROLE MANUAL AND SOP 17092018
14 KEY FACT STATEMENT 26022019

15 COMMISION TO HLC 110319 220319 COMMISION TO SSL 130319

16 HOME LOANS SOURCING FORMAT 070319

17 RECOVERY THROUGH COMPROMISE SETTELEMENTS SOP 300319

18 RECOVERY THROUGH LOK ADALATS SOP 300319

19 RECOVERY THROUGH DRT SOP 190319

20 RECOVERY THROUGH CIVIL COURTS SOP 080319
22 CHANGES IN SANCTIONS CONTROL OF PBBU LOANS IN LOS 130619

24 CERSAI REVISED FEE STRUCTURE 01102019 CERSAI CBS SCREEN 05082019

26 Migration of NPA/AUCA a/cs to SARG with o/s of Rs. 20 lakhs and above only 26092019
32 HOME LOANS NEW PRODUCT CODES UNDER EBLR REGIME 30092019
33 PRIORITY SECTOR ADVANCES MASTER DIRECTION 11 Oct 2019

34 XPRESS CREDIT & PENSION LOAN SCHEMES DOCUMENT CHECKLIST WHILE APPLYING
FOR THE LOAN 25102019
35 MASTER CIRCULAR RACC HUB & SPOKE MODEL (UPDATED AS ON 01.11.2019 )
36 HANDLING OF DELINQUENT ACCOUNTS UNSECURED PERSONAL LOANS SOP 070220.pdf
37 DEVIATIONS APPROVAL 07012020.pdf
S.NO. IMPORTANT CIRCULARS
38 SBI General – Customer Service Portal ‘Nivaran’ 310120.pdf

39 CONSUMER DURABLES AND E-COMMERCE NOW STAFF CAN DO 20022020.pdf

40 NEW FUNCTIONALITY FOR 1. AMENDMENT IN THEO BALANCE 2. AMENDMENT IN
REPAYMENT SCHEDULE 3. REVERSAL OF ERRONEOUS CREDIT THROUGH SERVICE DESK
24022020
41 SOP FOR HANDLING OF DELINQUENT PAPL ACCOUNTS 27022020

42 DELEGATION OF FINANCIAL POWERS 06032020

 Please note that the details given in this BOOKLET cannot supercede
any Bank's Instructions/circular guidelines
and strictly for INTERNAL CIRCULATION ONLY.

It is only an attempt to provide the gist of all RETAIL ASSET Products at one place to enable the staff to get
the details of allRETAIL ASSET Products at a glance.

Please refer and follow the Bank's instructions, circular guidelines

issued time to time.

Please give your suggestions/feedback........

ANV Subbarao
Chief Manager (Training)
SBILD, Masulipatnam

Contact No. 99491 30750

email address: akana.venkata@sbi.co.in