Tuesday, November 19, 2019
Finance

State Bank of Indore- Professional Plus

Purpose of Loan:

Finance is available for purchase of Vehicles/Computers, Equipments, Books, Setting up/ Expansion/Renovation/modernization of office etc.

Eligibility:

Composite package of loans schemes for professional & self employed persons, who is graduate in respect of his field like Chartered Accountant, Engineers, Architects, LLB, etc.

Quantum of Loan:

Rs.10 lac with sub-limit for working capital Rs.2 Lakhs.

Rate of Interest:

Particulars (Limit Category)

Existing Rates w.e.f. 01.01.2009 Revised Rates w.e.f. 19.01.2009
Upto Rs.2 Lakhs. 11.25% p.a.(2.25% below our BPLR) 10.75% p.a.(2.25% below our BPLR)
Over Rs.2 Lakhs. & upto Rs.3 Lakhs. 11.75% p.a.(1.75% below our BPLR) 11.25% p.a.(1.75% below our BPLR)

Repayment of Loan:

Repayment of loan is 5 to 10 years.

Margin:

  • Upto loan Rs.25000/- NIL

  • Between Rs.25000/-to Rs.5/- Lakhs 10% 

  • Above Rs.5 Lakhs. 20%

For more information: Website  

State Bank of Indore- Doctor Plus

Purpose of Loan:

Loan is available for Nursing homes, Hospital, Pathology Lab, X-ray Machine, Ambulance, Car, House, Equipment & Medical Stores etc.

Quantum of Loan:

  • Rural & Semi Urban area Rs.15 Lakhs with a working capital sub-limit Rs.3 Lakhs

  • Urban & Metro Center Maximum loan limit Rs.25 Lakhs with a working capital sub-limit Rs.2 Lakhs.

Rate of Interest:

Particulars (Limit Category)

Existing Rates w.e.f. 01.01.2009 Revised Rates w.e.f. 19.01.2009
Upto Rs.2 Lakhs. 11.25% p.a.(2.25% below our BPLR) 10.75% p.a.(2.25% below our BPLR)
Over Rs.2 Lakhs. & upto Rs.3 Lakhs. 11.75% p.a.(1.75% below our BPLR) 11.25% p.a.(1.75% below our BPLR)

Repayment of Loan:

Repayment of loan is 5 to 10 years.

Margin:

  • Upto loan Rs.25000/- NIL

  • Between Rs.25000/-to Rs.5/- Lakhs 10% 

  • Above Rs.5 Lakhs. 20%

For more information: Website