SBI Credit Khazana | Eligibility | Offers | Information

The “SBI Credit Khazana” Scheme offers Housing Loan customers, concessions in interest rates and margins when they subsequently avail of any of the following loans: Car Loan, Scoom, Education Loan, Personal Loan, Tractor Loan.

Eligibility

Housing Loan customers who have serviced the loan regularly for at least one year and where Equitable Mortgage has been created.

Concession in Interest

There will be a concession of 0.25% in interest when any of the above mentioned loans are availed.

Concession in Margin

There will be a concession of 10% in case of Car Loan and 5% in case of Tractor Loan. Under the SCOOM Scheme, the margin has been maintained at 5%.

Security

The security required to be taken under the individual schemes would be taken and additionally, the Equitable Mortgage taken for the Housing Loan would be extended to cover the new loan(s).

Insurance

Free accident insurance cover (to cover death only) is available in case of Car Loan.
Other terms & Conditions:
Other terms & conditions like Amount of Loan, Repayment, Documentation will be the same as those laid down for the individual schemes.

Source: SBI Official website