Hey as you know that State Bank of Mysore is a subsidiary of the State Bank of India and thus, a state owned bank.

Here as per your demand here I am providing you information related to this bank Personal Loan Scheme

Eligibility
Individuals, employees of state / central government, Public Sector undertakings, reputed profit making Public limited companies, Multi national companies with a minimum service of two years and drawing a net salary of Rs. 6,000/- or above.

Purpose
To meet personal expenses like marriage, family functions, medical expenses, travel etc.,

Loan Amount
Upto Rs. 1.50 lacs depending on repayment capacity of the individuals

Security
Third party guarantee of equal means. Securities like LIC policies, NSC, KVIP, Shares etc.,

Period of Repayment
12 months to 36 months.

Type of Loan
Demand loan

Rate of Interest: 16.85%

Processing Fee
1% of loan amount (one time).


Documentation needed to apply

1. Signed application form with photograph

2.Copy of passport/voter ID card/driving license

3. Processing fee cheque

4. Last 3 months bank statement/6 months bank passbook

5. Documentation for salaried applicants:

Latest salary slip

Current dated salary certificate with the latest Form 16


6. Documentation for self-employed applicants:

Latest Bank statement

Latest ITR or Form 16