•  Loading your search... Loading your search...
  • State Bank of India (SBI) Loan against Debentures is Rated as "Excellent!" by 501 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    State Bank of India (SBI) Loan against Debentures

    State Bank of India provides a specialised loan that aims to cash in on the value of debentures owned by any apologies. This loan from State Bank of India allows individuals and non-individuals to utilise the power of their investments without having to lock out of or liquidate them. These loans can help out in business or personal financial needs.

    Usage of State Bank of India (SBI) Loan against Debentures

    This loan is provided to individuals or non-individuals for any purpose that is not explicitly speculative, for inter-corporate investments or for acquiring controlling interest in any company or set of companies. Banking on the power of the debentures owned by the applicant, this loan is a powerful aid in financial terms.

    Eligibility Criteria for State Bank of India Loan against Debentures

    An unsecured loan as this has a few eligibility criteria to be met in order for the bank to be able to sanction the loan. The eligibility requirements can be mentioned as follows –

    1. Applicants can be individuals, professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies) and customers of State Bank of India

    2. Applicants should be at least 18 years of age when the loan is sanctioned

    3. Margin amount of 50% of the prevailing market prices of the non-convertible debentures are to be provided

    Types of Financing under State Bank of India Loan against Debentures

    Loan against Debentures from State Bank of India (SBI) is a specific demand loan with optional overdraft facility.

    Loan limits under State Bank of India Loan against Debentures

    Based on the credit-worthiness of the applicant, validity of documents and the debentures offered a security, State Bank of India can provide loans based on its discretion. The maximum limit of loans to be offered is INR 20 lakhs.

    The scheme is offered currently at 50 centres of the bank.

    Interest rates for State Bank of India Loan against Debentures

    Interest rates for a Loan against Debentures could depend on the base lending rate and is based on the discretion of State Bank of India. As of November 2015, the applicable rate of interest is Base Rate + 6.5% per annum. Further changes to the rates could be done by State Bank of India as and when required.

    Interest is charged only on the amount that is actually utilised as a loan in case of overdraft facility, irrespective of the overdraft limit that is allowed. Overdrafts are annually renewable, while demand loans are to be repaid within 30 months.

    Documentation required during applying for SBI Loan against Debentures

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. Photographs of individual applicant and/or co-applicant, directors and promoters, in case of a company & trusts, partners in case of a partnership firm or authorized person as applicable in case of societies

    2. IT Returns, audited profit and loss account statement and balance sheet for the last 2 years, six months bank statement of the primary current account and business proof

    3. Know Your Customer (KYC) documents

    4. Partnership deed, Memorandum of Association (MOA) and Articles of Association (AOA) or License issued under the Shops and Establishments Act of the respective states for business proof in case of non-individuals

    The above set of documents comprise the minimum required list. To aid in credit approval, State Bank of India might ask for extra documents if necessary.

    Features of State Bank of India Loan against Debentures

    The Loan against Debentures from State Bank of India is a good financing option for urgent financial needs on business or personal grounds.

    Some key features of this specialised loan are as follows –

    1. Loan tenure or repayment period is annual and renewable per year

    2. Minimal documentation and faster approval

    3. No security or collateral required (pledged debentures act as security)

    4. Loan amounts are variable as per the performance of the shares

    Applying for State Bank of India Loan against Debentures

    The loan can be applied for through State Bank of India’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail State Bank of India requesting an executive assistance for application process.

    One can also apply for State Bank of India Loan against Debentures through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.

    State Bank of India (SBI) Loan against Debentures Reviews

    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with SBI, the loan amount was for Rs 6 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2018
    • SBI Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with State Bank of India and they were very transparent in the process. All the details were clearly explained and there were no hidden charges. The customer services and response is good and the process is also quick.
      Was this review helpful? 0
      , darbhanga
      Reviewed on May 22, 2018
    • SBI Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      Within a week time I have got the loan amount with the State bank of India. I have got the personal loan from SBI around a year ago. The customer support service and the response is good from the State bank of India. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 22, 2018
    • SBI Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have got better service from the STATE BANK OF INDIA in concern to my personal loan application. The customer support service and the response is average with the SBI. The rate of inters an the charges are low but the service need to be improved with the STATE BANK OF INDIA.
      Was this review helpful? 0
      , hassan
      Reviewed on May 11, 2018
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The state bank of India has approved my personal loan within a day time. The customer support service and the response is quite good from the State bank and I am satisfied with the loan amount, they have disbursed the loan amount with in a day time.
      Was this review helpful? 0
      , pune
      Reviewed on May 10, 2018
    • SBI Personal Loan
      "AVERAGE SERVICE"
      0.5 3.0/5 "Satisfactory"
      Got my personal loan form Sbi bank , they took long time for documentation and approval process . Rate of interest is also high compared to other banks, their customer service and response is good.Made payments through ECS .the tenure period is 4 years
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 09, 2018
    • SBI Personal Loan
      "NOT GOOD"
      0.5 1.0/5 "Really Bad"
      To say truth about this loan is that i am having this loan for since 2.5 years. The payment i cant do it directly in bank, the thing is that i can be able to do only through cheque. Before 6 months only i have topped my loan and i am using it also. Probably i am not sure about the rate of interest in my bank it may be like 10.5-11.5% i am having my interest
      Was this review helpful? 0
      , chennai
      Reviewed on May 06, 2018
    • SBI Personal Loan
      "Personal loan with SBI"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan from SBI and the approved loan amount was 6.5 lakhs. I took this loan on 2015 and i closed by January 2018. The rate of interest was 9.7%. The EMI was flexible and the service was really good.The process was also very quick.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 20, 2018
    • SBI Personal Loan
      "slow process"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from the top most public sector bank STATE BANK OF INDIA. The rate of interest is very reasonable by comparing with other loan partners which is 12.50%. They sanctioned my promised principle loan amount and credited in my savings account. But they taken nearly one month to process my loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 18, 2018
    • SBI Personal Loan
      "better experience"
      0.5 4.0/5 "Great!"
      I had taken a personal loan from the top most public sector bank STATE BANK OF INDIA. The rate of interest is very reasonable by comparing with other loan partners. They sanctioned my promised principle loan amount with in 7 working days. My monthly emi would be deducted from my savings account.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Apr 17, 2018
    • SBI Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      The SBI has offered me a personal loan based on my requirement. The customer support service is good with the SBI. The net banking service is average here. The rate of interest and the charges levied by SBI is the best and I am satisfied with the loan amount too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2018
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with SBI 2 months back. The loan amount was 2 lakhs ans the interest rate was 11.5% which is high . They have sanctioned the loan with the committed time . The customer service and responses was up to the mark. My experience was very good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with SBI and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount within 3-4 days. Customer service was good and the tenure of this loan is 3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 02, 2018
    • SBI Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      It is a long process and documentation for State Bank of India. The customer services and response is on the average side. I have taken my personal loan and the rate of interest and processing charges is normal. The process can be improved in all.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 23, 2018
    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with State bank of India.The loan amount is three lakhs.The rate of interest is low as compared to others,There is no processing fess for the same.The EMI amount registered by an ECS payments.I am happy with process.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 23, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from SBI and my experience was very good. The loan amount was for Rs 4 lakhs with 13.15% interest rate is nominal when compared to other banks. The process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The tenure of this loan is 5 years.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 22, 2018
    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken person loan with State bank of India.The loan amount is two lakhs,rate of interest is nominal as compared to others.The tenure is for two years.I had to submit physical documents to process the loan and it was done in a weeks time.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 20, 2018
    • SBI Personal Loan
      "Personal loan with SBI"
      0.5 3.0/5 "Satisfactory"
      From State bank of India i have taken a personal loan and the approved loan amount is 7 lakhs. The rate of interest is 13% and the interest was bit high. The monthly EMI comes around 36000 for 5 years. There was no processing fee with them.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 15, 2018
    • SBI Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the State bank of India and the rate of interest was not aware from my end. The loan amount got disbursed within an hour of time. Everything is good one with the State bank of India.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • SBI Personal Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      It was a easy process with State Bank of India. I have taken a personal loan and the documentation was also normal and they collected it on time. I received the loan within ten days. The rate of interest is normal and charges is low. The bank also has a option of pre payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 27, 2018
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.