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    State Bank of Hyderabad (SBH) Mudra Loan

    We found 0 State Bank of Hyderabad (SBH) Mudra Loan

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    State Bank of Hyderabad (SBH) Mudra Loan is Rated as "Great!" by 16 Users

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    Overview about SBH Mudra Loan

    State Bank of Hyderabad (SBH) offers the Mudra loan scheme to small and medium enterprises to facilitate funding for working capital requirements and other non-farm income generating activities. A drop-line overdraft facility for working capital with a monthly repayment option and for procurement of assets is also available from State Bank of Hyderabad. Mudra loans can be availed as cash credit or as drop-line overdrafts.

    Features of SBH Mudra Loan

    The following are the key features of an SBH Mudra loan -

    Loan Quantum - The maximum quantum of loan that can be availed by a borrower is up to Rs. 10 lakhs.

    Interest Rates - The interest rates offered on a SBH Mudra loan is at the base rate, which is 9.95%, currently.

    Loan Margin - The margin required for stocks is 25%, for receivables it is 50% and for drop-line overdraft facility it is 25%.

    Loan Limit - The loan amount will approved according to Nayak Committee methods or any other relevant method for drop-line overdraft facility or working capital. State Bank of Hyderabad will sanction up to 75% of the asset or project financed, depending on the repayment capacity of the borrower.

    Repayment tenure - For working capital loans, the repayment has to be done within a period of twelve months, which is renewable on a yearly basis. Drop-line overdrafts can be repaid within a period of 84 months, based on the repayment capability of the borrower.

    Security - The primary security that has to be submitted for a SBH Mudra loan is hypothecation of assets got through the bank’s financing. Collateral need not be submitted by borrowers, according to RBI regulations. Mudra loans offered by SBH will automatically be covered under the CGTMSE scheme.

    Eligibility criteria for SBH Mudra Loan

    Companies, societies, partnership firms and individuals involved in non-farming income generating activities falling under services or manufacturing sectors are eligible to avail a Mudra loan. The Mudra loan scheme can be taken only for activities that have CGTMSE cover.

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  • State Bank of Hyderabad (SBH) Mudra Loan Reviews

    • State Bank of Hyderabad Personal Loan
      "Perfectly Good and satisfied"
      0.5 5.0/5 "Blown Away!"
      For my personal loan, I was getting the interest rate of 12.5% from SBH which is lower than other banks. Actually they quoted me with 15.5% but I had written a letter to the lead bank manager to reduce the interest rate, then they reduced it from 15.5% to 12.5%. Also the loan got disbursed within an hour. I have a good rapport with the bank as I am a long term customer of SBH.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 05, 2017
    • State Bank of Hyderabad Personal Loan
      "Average "
      0.5 5.0/5 "Blown Away!"
      The service offered was very good.I am a government employee and salary account maintained with this bank is easy process.They take long time but there is no verification process since I am a government employee.The rates applied for a personal loan was on the higher side with state bank of hyderabad
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 08, 2016
    • State Bank of Hyderabad Personal Loan
      "Good response "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with state bank of Hyderabad. After submitting the documents they took around only one or two days to disbursed the amount in fact i have the account with them. They charged nearly 14% and the processing fee was minimal when i took the loan last years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 30, 2016
    • State Bank of Hyderabad Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      State bank of Hyderabad gave the personal loan in 14% interest rate and the processing fee charged was rs.2000 They disbursed the amount in two days after submitting the documents. I have salaried account so there was no paper work.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 26, 2016
    • State Bank of Hyderabad Personal Loan
      "very nice"
      0.5 5.0/5 "Blown Away!"
      I have an account and so the interest rate is reasonable. In private sectors they fill the application where in public we need to fill the application so we can understand the fact. State Bank of Hyderabad took just 600 rupees for stamp duty charges. I did not struggle a lot to get the personal loan where my manger helped.
      Was this review helpful? 0
      , nellore
      Reviewed on Jan 04, 2016
    • State Bank of Hyderabad Personal Loan
      "Very worst"
      0.5 1.0/5 "Really Bad"
      I have the personal loan with the State Bank of Hyderabad and I took it before three years of time. Rate of interest was around 14% with them. The loan amount got disbursed to my account within a day of time. Procedures are lot with them and the EMI payment got reflected as late payment which results in my credit score.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 29, 2015
    • State Bank of Hyderabad Personal Loan
      "Simplified!"
      0.5 5.0/5 "Blown Away!"
      Personal loan application was simplified with State bank of Hyderabad. Though I have my salary account with them, they processed my personal loan within the same day of application. Instead of providing the expected amount, they provided me the maximum amount which I am eligible for.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 26, 2015
    • State Bank of Hyderabad Personal Loan
      "They do charge on personal loan.."
      0.5 4.0/5 "Great!"
      Always very good as my father is working with State Bank of Hyderabad. It is a government sector as cannot expect for quick revert. Final settlement was fast and received the amount on time. In comparing to private sectors this bank is good for personal loan. They do charge for the personal loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2015
    • State Bank of Hyderabad Personal Loan
      "Better!!"
      0.5 3.0/5 "Satisfactory"
      Rate of interest was a floating one, it was 12% which is good one. Their customer service was okay. I know the bank manager of State Bank Of Hyderabad. They rendered a good service. I am okay with the customer service. It took 7 working days for the disbursal. . Over all it was good with SBH.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 19, 2015
    • State Bank of Hyderabad Personal Loan
      "Very good service "
      0.5 5.0/5 "Blown Away!"
      My loan application with State Bank of Hyderabad was sanctioned on the same day which is really good.They have applied nominal charges for the processing of the loan.They also apply charges around 1000Rs for the processing of loan amount of 1Lakh.Interest rate applied was around 13.5% for this personal loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 31, 2015
    • State Bank of Hyderabad Personal Loan
      "Basic documents are required!"
      0.5 5.0/5 "Blown Away!"
      Personal loan application was very quick with State Bank of Hyderabad. My expected loan amount is 3L, but they provided me around 1.5 L. They collected only the basic documents and they disbursed the loan amount within 2 days of time. Overall the disbursed amount is sufficient for me.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Oct 08, 2015
    • State Bank of Hyderabad Personal Loan
      "Services are satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from State bank of Hyderabad. The services has been good. The process was fast. The whole process was completed within seven days. The rate of interest was of 17%. The processing charges was of Rs. 1500. Services has been satisfactory.
      Was this review helpful? 0
      , raichur
      Reviewed on Aug 18, 2015
    • State Bank of Hyderabad Personal Loan
      "Its fine"
      0.5 3.0/5 "Satisfactory"
      SBH Personal loan process is fine. I have been holding a salary account with them. I have got the loan from them. I am holding a salary account with SBH and I had taken the loan from them. Interest rate offered by them was 16.2% which is on the higher side and processing fee charged by them was rs 5000 which is again on the higher side. As I had no other go I had taken a loan from them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 14, 2015
    • State Bank of Hyderabad Personal Loan
      "Bank of choosen few "
      0.5 2.0/5 "Expected more"
      I will never say State Bank of Hyderabad as a friendly bank.They have offered this loan since I hold my salary account with them.They are not very friendly to the customer.They respond very late for customer application and I have to follow up with them every time for any update about the loan application.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 10, 2015
    • State Bank of Hyderabad Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      SBH response is good within 2 or 3 days I got a call from them they process the request within 4 days of time. The amount was credited on time. I have been holding this for 1.5 years there is no issue with them and the amount was taken out from my account successfully every month.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 08, 2015
    • State Bank of Hyderabad Personal Loan
      "Good experience"
      0.5 2.0/5 "Expected more"
      It was very easy for me to avail a personal loan from SBH because of my salary account. I had personally visited the nearest branch of SBH and submitted my documents for a personal loan. They processed my application very fast and disbursed my loan witihin 5 days of time. I think the rate of interest and the processing fee are quite high when compared to other banks.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Oct 16, 2014
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