State Bank of Bikaner and Jaipur (SBBJ) Loans

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Established in 1963, State Bank of Bikaner and Jaipur operates primarily from Rajasthan. Among various services offered, State Bank of Bikaner and Jaipur loans and advances are the major highlights of the bank. The bank offers export credit, project finance, working capital finance, which consists of trade finance, term loan, deferred payment guarantee and loan syndication.

The State Bank of Bikaner and Jaipur loans also include home loans, car loans and special loans, such as for educational organizations, for business houses, traders against collateral of property and for tour operators. Hence, the bank offers all kinds of loans including IT, health and education.

Repayment of funds and loans can be made through a special system known as Real Time Gross Settlement or RTGS. This procedure of remittances is also called Core Power. Besides, online or Internet banking is also a hassle free option.

Some of the loans offered by State Bank of Bikaner and Jaipur (SBBJ) are:
  • SBBJ Home Loan (Flexi Home Loans, Maxgain Home Loan)
  • SBBJ Car Loan
  • SBBJ Education Loan
  • SBBJ Mortgage Loan
  • SBBJ Personal Loan
  • SBBJ Two Wheeler Loan
  • SBBJ Gold Loan
One can apply for State Bank of Bikaner and Jaipur home loan if the applicant is minimum 18 years of age and is financially dependable with regular and stable income. The processing fee is 0.60% of the loan amount, which is inclusive of Service tax.

Home loan can be sought to build or purchase a new house or flat, renovate or repair an existing house, purchase an existing flat or house.

General documents required in order to apply for State Bank of Bikaner and Jaipur are:
  • Proof of Identity-PAN card or Voter's ID card, Driving License or Passport
  • Photocopy of Pass Book of last 6 months
  • Proof of Residence-Recent Electricity Bill or Telephone Bill or Passport or Voter's ID card or Property Tax Receipt (in case of non-salaried applicants proof of business address)
  • Passport Size photograph-3 (for car loan 2 photos)
For State Bank of Bikaner and Jaipur car loan, one need to also submit his/her current salary slip, and Form 16, 2 years IT returns and 3 years return for professional and self employed people.

In addition, applying for State Bank of Bikaner and Jaipur education loan, documents required are mark sheets of last qualifying examination, concise statement of assets and liabilities of the co-borrower, proof of admission scholarship or studentship and schedule of expenses for the specified course

In case of car loan, there is no administrative charges, hidden costs and advance EMIs. The bank provides up to 84 months for repayment, which is comparatively longer along with lower interest rates.

Graduates, post graduates, persons going for professionals courses, having employment opportunities, can apply for State Bank of Bikaner and Jaipur education loans. The maximum amount of loan for pursuing studies in India is 7.5 lac INR and for studying abroad is 15 lacs INR. The minimum interest charged on the loan up to ` 4 lac is 11.25 percent per annum.

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