SBI Loan against Mutual Funds
The country’s biggest lender SBI (State Bank of India) offers loans against mutual funds. This facility offers the bank’s customers loan for short-term without selling their mutual funds units. You can pledge your mutual fund units to the bank when you are in need of money for short tenures. However, during the tenure of the loan, you cannot sell your mutual fund units.
"#DidYouKnow you can avail a personal loan against your Mutual Fund investment at attractive interest rates?" SBI said in a tweet on 17 July 2017.
Please see the SBI tweet in
the below image
Features of SBI Loan against Mutual Funds
Following are the main features of SBI loan against mutual funds.
Eligibility for availing SBI Loan against Mutual Funds
The individual should
be above 18 years of age for getting SBI loan against mutual funds.
Loan Amount
SBI has set minimum and
maximum loan amount limit against mutual funds.
Minimum Loan Amount
The minimum loan amount will
be Rs. 25,000/-
Maximum Loan amount
The maximum loan amount will
be Rs. 20,00,000/- for Equity / Hybrid / ETF mutual funds and Rs. 5,00,00,000/-
for Debt / FMP mutual funds.
Margin
1. For Equity / Hybrid / ETF
mutual funds
You will get up to 50 percent of the value
of mutual funds as a loan.
2. For Debt / FMP mutual
funds
You will get up to 85 percent of the value
of mutual funds as a loan.
Fees for availing SBI Loan against Mutual Funds
Interest Rates
SBI Loan Processing Fees
The processing fees will be 0.75% of the loan amount +
applicable tax (Max: Rs 50,000 + applicable tax).
Review / Renewal Charges (Yearly)
The renewal charges will be Rs. 1000/- + applicable
tax.
Approved Schemes for SBI Loan against Mutual funds
SBI has provided the list of mutual funds schemes
eligible for a loan against mutual funds.
Click here for List of Approved Schemes.
Eligible Branches for SBI loan against Mutual Funds
SBI also provided the list of eligible branches that
can offer loan against mutual funds. Please refer the table below for branches
with addresses.
List of Eligible Branches for SBI loan against Mutual Funds
City
|
Branch Name
|
Address
|
Guntur
|
Treasury Branch
|
2/14
BRODIPET,GUNTUR.
|
Vijayawada
|
Labbipet Branch
|
MG ROAD,LABBIPET,VIJAYAWADA
|
Guwahati
|
DISPUR GUWAHATI
|
GUWAHATI,
|
Patna
|
PATNA SECRETARIATE
|
SINCHAI BHAWAN',PATNA SECRETARIAT,PATNA.BIHAR
|
Patna
|
SPL.PBB PATNA
|
WEST GANDHI MAIDAN.PATNA,
|
Chandigarh
|
CHANDIGARH MAIN BRANCH
|
SCO 43-48.BANK SQUARE,SECTOR 17 - B.CHANDIGARH
|
Bhilai
|
BHILAI
|
BHILAI,PB NO. 5 SEC.I BHILA,DISTT : DURG
|
Raipur
|
NEW SHANTI NAGAR RAIPUR
|
SHANKARNAGAR RAIPUR,DIST:RAIPUR,
|
New Delhi
|
SOUTH EXTN PART II
|
SOUTH EXTN PART II MARKET,NEW DELHI.
|
New Delhi
|
RAIL BHAWAN
|
NEW DELHI
|
New Delhi
|
PER BKG
BRANCH NEW DELHI
|
11 PARLIAMENT STREET,NEW DELHI.
|
New Delhi
|
DELHI UNIVERSITY
|
DELHI UNIVERSITY,DIST DELHI.
|
New Delhi
|
ANSARI NAGAR
|
AIIMS CAMPUS ANSARI NAGAR,NEW DELHI.
|
New Delhi
|
JANAKPURI
|
SAGAR TOWER.DIST CENTRE,JANAKPURI,NEW DELHI
|
Panjim
|
PANAJI MAIN BRANCH
|
PANAJI MAIN BRANCH,OPP MANDOVI HOTEL,DB
MARG,PANAJI.GOA
|
Ahmedabad
|
AHMEDABAD MAIN BRANCH
|
AHMEDABAD MAIN BRANCH,POST BAG NO.
182.BHADRA,AHMEDABAD
|
Bhavnagar
|
Kalanala Branch
|
KALANALA,BHAVNAGAR
|
Ahmedabad
|
SECTOR 10B
GANDHINAGAR
|
1ST FLR.GANDHINAGAR BR B,SECTOR 1B,OPP NEW
SACHIV,GANDHINAGAR
|
Surat
|
NANPURA SURAT
|
RAJESHWAR APARTMENT,ATHUGAR
STREET,TIMALIAWAD.SURAT
|
Vadodara
|
SBI Alkapuri
|
R. C. DUTTA ROAD,ALKAPURI,VADODARA
|
Jammu
|
JAMMU
|
HARI MARKET,JAMMU TAWI (J&K).JAMMU
|
Jamshedpur
|
JAMSHEDPUR
|
P.O.-JAMSHEDPUR.
|
Bangalore
|
JALAHALLI
|
JALAHALLI,BANGALORE
|
Bangalore
|
INDIRANAGAR, BANGALORE
|
2989 1 A.12TH MAIN,HAL II
STAGE,INDIRANAGAR,BANGALORE
|
Bangalore
|
PBB, KORAMANGALA
|
472/4E.A.V.S COMPOUND,8' PERIPPERAL RD,4TH
BLK,BANGALORE
|
Bangalore
|
S P B BRANCH, BANGALORE
|
P.B.NO.5315,ST.MARK'S ROAD,BANGALORE
|
Mangalore
|
MANGALORE
|
POST BOX NO. 90,PORT ROAD,MANGALORE 575 1
|
Mysore
|
Mysore Main Branch
|
PB NO.204,MOTHIKHANA BLDG,NEW SAYYAJI RAO
ROAD,MYSORE
|
Ernakulam
|
M.G.ROAD ERNAKULAM
|
M.G.ROAD,ERNAKULAM,ERNAKULAM,1187
|
Trivandrum
|
TRIVANDRUM
|
PB NO 14,M G ROAD,TRIVANDRUM
|
Bhopal
|
H.E.T. BHOPAL
|
H.E.T. BHOPAL,PIPLANI BHOPAL,DISTT : BHOPAL
|
Indore
|
INDORE
|
INDORE,DISTT : INDORE
|
Mumbai
|
PEDDAR ROAD
|
39,KALPATARU,PEDDAR ROAD,MUMBAI
|
Mumbai
|
SPECIALISED PBB, MUMBAI
|
P0ST BOX NO.1965,HORNIMAN CIRCLE,M. S. MARG.MUMBAI
|
MUMBAI
|
SPECIALISED SECURITIES FIN. BR. WORLI MUMBAI
|
31 MAHAL INDUSTRIAL ESTATE
MAHAKALI CAVES ROAD MIDC ANDHERI |
Mumbai
|
CHEMBUR
|
SUNBEAM',18TH ROAD,CHEMBUR
|
Mumbai
|
I.I.T. POWAI
|
ADI SHANKARACHARYA MARG,NEAR IIT MAIN GATE,POWAI
MUMBAI
|
Mumbai
|
ANDHERI WEST
|
RAHUL APT,SV ROAD,ANDHERI WEST,MUMBAI,MUMBAI
|
Nagpur
|
NAGPUR
|
S V PATEL MARG KINGSWAY,NAGPUR,DIST. : NAGPUR
|
Pune
|
ERANDWANA
|
KARVE ROAD,ERANDVANA,PUNE
|
Pune
|
AUNDH (PUNE)
|
PLOT NO 1+4,SNO157(PART),KHOND
ARCADE,PARIHARCHOWK,AUNDH PUNE
|
Mumbai
|
NAUPADA THANE
|
NAUPADA BRANCH,425 GOKHALE ROAD,NAUPADA THANE
|
Bhubaneswar
|
BHUBANESWAR MAIN BRANCH
|
UNIT-1,BHUBANESWAR,KHURDA
|
Amritsar
|
AMRITSAR CANTT
|
STATE BANK OF INDIA,AMRITSAR CANTT.RANI KA BAGH.
|
Ludhiana
|
LUDHIANA
|
CIVIL LINES,FOUNTAIN CHOWK.LUDHIANA
|
PATIALA
|
SPECIALISED AGRI COMM BR, PATIALA
|
1066/7,Near Gurudwara
Kashmirian,Tripri, Patiala (Punjab) |
Jaipur
|
MAIN BRANCH JAIPUR
|
STATE BANK OF INDIA,MAIN
BRANCH.SANGANERI,GATE.JAIPUR
|
Chennai
|
ADYAR
|
5 SARDAR
PATEL ROAD,ADYAR,CHENNAI.
|
Chennai
|
ANNA NAGAR WEST
|
Y-211.11TH AVENUE,ANNA NAGAR,CHENNAI
|
Chennai
|
P.B. BRANCH, T.NAGAR
|
NO 9 BAZULULLAH ROAD,T. NAGAR,CHENNAI
|
Coimbatore
|
COIMBATORE
|
STATE BANK ROAD,COIMBATORE,TAMIL NADU.
|
Madurai
|
MADURAI
|
SANGAM TOWERS,7 WEST VELI STREET,MADURAI
|
Salem
|
SALEM
|
FORT MAIN ROAD,SALEM,
|
Hyderabad
|
HYDERABAD MAIN BRANCH
|
SBI BUILDINGS,BANK STREET.KOTI,HYDERABAD
|
Hyderabad
|
SECUNDERABAD
|
PATNY NEAR,
SECUNDERAB.R.P.ROAD.SECUNDERABAD
|
Agra
|
AGRA
|
CHHIPITOLA,M.G.ROAD.AGRA,AGRA.U P
|
Noida
|
P.B.B. NOIDA
|
A2/2 Sector 52 NOIDA,Distt Gautam Budh Nagar,U.P.
|
Ghaziabad
|
NAVYUG MARKET
|
NAVYUG MARKET,GHAZIABAD,U.P.
|
Kanpur
|
P B B KANPUR
|
16/101 THE MALL,KANPUR,
|
Lucknow
|
LUCKNOW MAIN BRANCH
|
STATE BANK OF INDIA,TARA WALI KOTHI.MOTI MAH,AL MARG
LUCKNOW
|
Kolkata
|
BURNPUR
|
P.O. - BURNPUR,DIST,BURDWAN
|
Kolkata
|
BALLYGUNGE
|
50A.GARIAHAT ROAD,KOLKATA
|
Kolkata
|
JADAVPUR UNIVERSITY
|
RAJA SUBODH MULLICK,ROAD,KOLKATA..
|
Kolkata
|
HIGH COURT BRANCH SPL P B BR
|
1.STRAND RD.SAMRIDHHI,BHAVAN JEEVAN DEEP RD,KOLKATA
|
Kolkata
|
SALT LAKE
|
DB-2.SECTOR-I,SALT LAKE CITY,KOLKATA.W.B.
|
Kolkata
|
AE MARKET SALT LAKE SCTR 1
|
AE MARKRT SALT LAKE CITY,KOLKATA- 7 64,W.B.
|
Kolkata
|
SALT LAKE ELECTRONICS COMPLEX
|
VI - 8/1.E.P. BLOCK,SALT LAKE.SECTOR V,KOLKATA
|
Kolkata
|
BEHALA
|
1168/1 DIAMOND HARBOUR RD,KOLKATA,
|
SBI Loan against Mutual Funds
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SBI Loan against Mutual Funds
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