SBI -COMPUTER LOAN SCHEME

Eligibility: Borrowers should be permanent employees of Govt, Parastatal bodies, Reputed Private sector companies.
Loan Amount: 75% of the cost of computer & peripherals Maximum of Rs 35,000 – disbursement directly to suppliers
S ecurity: Salary Pledge & Loan Agreement
Repayment: Maximum 36 months from the date of first disbursement

SBI - SCHOLAR

Eligibility: Deserving / meritorious students for pursuing higher education in Mauritius and abroad
Loan Amount: Need based subject to repayment capacity of the student / parent. For students in Mauritius – Rs 500,000/- For students abroad – Rs 2 million
Security: Up to Rs 100,000/ - 2 third party guarantee Above Rs 100,000/ - Fixed Charge / TDR / Insurance policy
Repayment: 120 months (including maximum moratorium of 3 years)

SBI - MAX GAIN

A Super Interest Saver A Running Account Housing Loan
Eligibility: As applicable to Housing Loan Running a/c facility available to new housing loans of Rs 500,000 and above Loan Amount: Normally up to a maximum of Rs 1.5 million. Higher amount can be considered depending upon the repayment capacity. Up to 100% after valuation by Chartered Valuers
Security: 1st Rank fixed charge over land. Pledge of salary if employed
Repayment: Up to 240 months from the date of first disbursement Flexible repayment period can be considered Moratorium on capital repayment – maximum 6 months

TEACHERS’ PLUS

Eligibility: Teachers/Education Officers in permanent employment and having a stable source of income by way of salary through MOE/PSSA etc. Age up to 55 years Loan Amount: 10 months of net salary with a cap of Rs 200,000/-
Security: Salary Pledge & Loan Agreement
Repayment: Maximum 4 years

SBI – HEALTH PLUS

Eligibility: Practicing Doctors for setting up clinic Loan Amount: Maximum - Rs 5 million Security: Fixed / Floating charge > Rs200,000, Rs200,000 – loan agreement Personal / Third party guarantee
Repayment: Maximum 84 months including a maximum moratorium of one year