SBI Diwali Offers On loans and Gold 2011

State Bank of India (SBI) has brought many exciting offers this Diwali to help you celebrate the festival of lights in a grand way. These include car loans, home loans and gold sale.
"We are offering the purest form of gold coins at competitive rates in the market. All coins will be available at 1% discount," SBI's (Patna Circle) chief general manager Jeevandas Narayan said at a press conference here on Saturday.
SBI gold coins are available in denominations of 2gm, 4gm, 5gm, 8gm, 10gm, 20gm, and 50gm to suit the demands of customers. Customers can avail discount on all these denominations till October 30, 2011 only. A total of 110 SBI branches in Bihar and Jharkhand will be selling gold coins this festive season.
"We will set up exclusive counters on 'Dhanteras' at all gold coin selling branches to deal with the rush of customers. These branches will be kept open till 9pm on Dhanteras day," Das said. Currently, 2gm gold coin (99.99% pure) costs Rs 5,965 and 50gm coin Rs 1.43 lakh. SBI aims to sell over 50kg of coins on Dhanteras.
The bank also has offers for those wanting to avail car loans. SBI Car loan at an interest rate of 11.25% per annum till the end of this year. It will charge no prepayment penalty and no processing fee for it.
SBI home loan (below Rs 30 lakh) SBI will be charging 10.50%, which is a concession of 0.25%. Among its other features are free personal accident insurance up to Rs 40 lakh and no prepayment penalty.
Jeevandas also announced the launch of Vishwayatra Foreign Travel Card (VFTC) for SBI customers who want to go on foreign tour.
"Customers who have VFTC will get dollars when they use it to withdraw money in the United States. They will get currency of the particular foreign country which they are in. Customers can get these cards at 14 different major SBI branches (where foreign exchange facility are available) in Bihar and Jharkhand," Das added.
SBI has installed four permanent Self Service Kiosks (SSKs) to make transactions easy this festive season. One SSK each has been installed at its branches at Gandhi Maidan, Kadamkuan, Telco Colony in Jamshedpur and Ranchi branch. SSKs will perform various non-financial transactions, including pass book printing.
The bank has also come out with offers for NRIs, under which they can open accounts with SBI at zero balance and also avail various other services.

SBI personal Loans India

Do you want funds willingly accessible to you whenever you want or need, be it a sudden holiday that you plan with your family or urgent finances required for medical treatment? SBI Personal Loans is the answer to your questions.

The SBI Personal Loan Advantage:

· Low interest rates. Further, we charge interest on a daily reducing balance.
· Long repayment period of up to 48 months.
· No administrative charges or hidden costs.
· Minimal documentation No security required ……which means something that you had always wanted.
· No prepayment penalties. Utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months). Reduce your interest burden and optimally.

· Low processing charges; only 2%-3% of loan amount.

SBI personal Loan Schemes:

Eligibility
if you are a Salaried individual of good quality corporate, self employed engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing You are eligible.

Purpose
The loan will be granted for any rightful purpose at all. Expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.

Salient Features
Loan Amount
Your personal loan limit would be determined by your income and repayment capability.
Minimum: Rs.24,000/- in metro and urban centres,
Rs.10,000/- in rural/semi-urban centres

Maximum: 12 times Net Monthly Income for salaried individuals and pensioners subject to a upper limit of Rs.10 lacs in all centres

Documents Required
Important documents to be furnished while opening a Personal Loan Account:


From salaried individuals
Latest salary slip and Form 16

For existing bank customers
Passport size photograph

Interest Rates
4.25% above SBAR Floating i.e. 16.50% p.a. (w.e.f. 01.01.2009)

Repayment
The loan is repayable in 48 EMI. You are allowable to pay additional than the EMI if you wish to, without attracting any forestallment penalty.

Security
NIL

Processing Fee
Processing charges are 2-3% of the loan amount. This is the lowest fees in the Loan Sector Industry.