SBI Loan Process - Ready Reckoner

1. SBI Andheri West branch - o22 26207494/ 26207306
Address:
Branch Name: ANDHERI(WEST)
Branch Code: 4650
Address: S V ROAD,MUMBAI, MAHARASHTRA
Pincode: 400069
Phone: (022) 26704940, 26207494

Misc Details:
Swift Code: SBININBB354, RTGS : YES, Fax: 26230382
Email: sbi.04650@sbi.co.in, Forex Type: B, IFSC Code: SBIN0004650

2. SBI Helpline - 022 26445525/ 26445524/ helpline.lhomum@sbi.co.in
3. Single Point of Contact: Mr. Girish Gore
4. Mr. Khadamkar - Branch Manager
5. Ms. Karina - Forex Dept., USD DD
6. Ms. Bina - Loan Insurance
7. Mr. Deshpande - New s.b a/c
8. It is not mandatory to pay the interest amount during the period of studies
9. Address proof verification by nearest SBI is 'after' the loan gets sanctioned
10. If interest is not paid durin moratorium, wot's d penalty?
- 2% on INTEREST amt
11. EMI if interest paid - 13,635 [loan amt sanctioned = 6.54 lac]
12. EMI if interest not paid - ~ 15k
13. Insurance premium/ year - INR 1508 [for 26 yr young, single, happy n healthy male]
14. How many yrs do we pay insu premium?
- 2 [moratorium] + 5 [repaymnt term] = 7 yrs ...i.e INR 1508 x 7
- this gets deducted frm our sbi loan a/c directly
- so, guys who dont hv 'extra' amt [owin to lappy value] in ur loan pls put sum money in ur
sb a/c
- if you do a bulk repay of loan, say in 2+2 yrs..u only need to pay insurance premia of 4 yrs..
- *insured amt* = 6.54 lac. wot this means? lets say i repay abt 3 lacs. then i go take a trip to
meet st.peter's... insurance will pay remaining 3.54 lacs to SBI + 3 lac to my mom
[nominee]
15. wot's the interest rate? - 9.25% floatin [then]...10.5% now
16. what are the acknowledgements for loan disbursal - spjimr receipts

Cheers,
Ganga