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State Bank of Bikaner and Jaipur was established in 1963 after amalgamation of erstwhile State Bank of Jaipur (established in 1943) with State Bank of Bikaner (established in 1944) as a subsidiary of State Bank of India. The Bank took over the business of the Govind Bank Pvt. Ltd. on 25.04.1966.

The Bank's main area of operation is Rajasthan, with presence at all important centres in the country. The Bank has 844 branches consisting of 833 business branches, 8 service branches, 2 asset recovery branches and 1 treasury branch and has sponsored 3 RRBs. The Bank follows transparent corporate governance policies and is preparing itself for smooth migration to Basel II. On technology front, during 2005-06, the Bank migrated all branches to Core Banking Solution (CBS). The Bank has installed 336 ATMs and all ATMs are the part of over 5500 ATMs of State Bank Group.

Internet Banking has been extended to all our branches for retail customers and select branches for corporate customers. The Bank has rolled out Business Process Reengineering (BPR) initiatives to improve operational efficiency and better customer service and is committed to offer value added services to its customers. The Bank has been earning profit continuously since its inception and the Bank's business crossed the level of Rs 49,245 crore with a net profit of Rs. 305.80 crore at the end of March,2007.


If you have been putting off purchasing that car, we invite you to go through SBBJ Car Loans scheme. Just step in to any of our 832 branches that offer Car Loans which will give wheels to your desire!

Low interest rates, easy repayment options, total

transparency, low processing charges, and finance to include vehicle registration charges, insurance and one time road tax i.e. on road cost of vehicle.

You can apply for an SBBJ Car Loan to purchase :

  • A new car, jeep, Multi Utility Vehicle (MUV) or SUV (any make or model)
  • An old car / jeep / MUV /SUV (not more than 5 years old). (any make or model)

We even reimburse the cost of new vehicle purchased by you in past 2 years from your own sources.


Enjoy the SBBJ CAR LOAN Advantage

  • Excellent service and lower costs.
  • A quick survey of similar schemes available elsewhere and you will find that SBBJ Car Loans for new and old vehicles offer you
  • Lowest interest rates
  • Longer repayment period of upto 84 months.

Low processing charges

  • No hidden costs or administrative charges.
  • Finance for one-time road tax, registration fee and insurance premium
  • No advance EMIs.(Some Banks/companies ask you to pay one or more EMIs at the time of disbursement of loan, thereby effectively reducing your loan amount.)
  • Complete transparency : We levy interest on daily reducing balance method. When you pay one instalment, the interest is automatically calculated on the reduced balance thereafter.
  • When you pay interest on an annual reducing balance (as charged by many other companies/banks) the interest amount for the coming year is determined on the amount outstanding at the beginning of the year. You continue to pay interest even on the amounts you repay during the year.
  • Always compare the Equated Monthly Instalments (EMIs) and the total payments you would be required to make and not the rates of interest.

Purpose

You can take finance for

  • A new car, jeep or Multi Utility Vehicles (MUVs)

(Any make or model)

Eligibility

  • To avail an SBBJ Car Loan, you should be an
  • Individual between the age of 21-65 years of age.
  • A Permanent employee of State/Central Government, Public Sector Undertaking, Private company or a reputed establishment or
  • A Professionals or self-employed individual who is an income tax assessee or
  • A Person engaged in agriculture and allied activities.
  • With Net Annual Income Rs. 75,000/- and above.

Loan Amount

A maximum loan amount of 2.5 times the net annual income can be sanctioned. If married, your spouse's income could also be considered provided the spouse guarantees the loan The loan amount includes finance for one-time road tax, registration and insurance! There is no upper limit for the amount of a car loan for new car. It is decided by your repaying capacity.

Documents Required

You would need to submit only the following documents along with the completed application form if you are an existing SBBJ account holder:


  • Bank statement for the last 6 months
  • Two passport size photographs
  • Latest salary slip and Form 16, in the case of salaried persons
  • IT returns for the last two financial years, in the case of self employed individuals and professionals 3 years' IT returns.
  • If you are not an account holder with SBBJ you would also need to furnish documents that establish your identity and give proof of residence.

Margin

New vehicles 15% when loan is upto Rs.6 lacs
30% when loan exceeds Rs.6 lacs

Repayment

  • You enjoy the longest repayment period with us.
  • Repayment period for new vehicles : Maximum of 84 months
  • Repayment period for old vehicles : Up to 84 months from the date of original purchase of the vehicle.

Interest

----- coming soon -----

Processing Fee

0.60% of Loan amount , to be paid upfront

Security

Only check off facility from employer or post dated cheques. If income of spouse has been clubbed to arrive at eligible loan amount, then personal guarantee of spouse.

VISHESH VAHAN YOJNA FOR RAJASTHAN GOVT. EMPLOYEES

Purpose

Purchase of new car

Eligibility

Regular employees of State Govt. having minimum service of 2 years and upto the age of 55 years.
(At a time only one account can be outstanding)

Loan Amount

  • 12 times of Monthly Income or
  • Max Rs.12 lac for new car

Margin

1.Upto Rs. 6 lacs 15%
2.Above Rs. 6 lacs 30%

Rate of Interest

9.00% p.a.

Repayment

For new car                      84 EMI

Security

1-Hypothecation of vehicle purchased
2-Third party guarantee
3-Hyp. Charge noting with RTO

Processing Fee

NIL


If you have been putting off purchasing that car, we invite you to go through SBBJ Car Loans scheme. Just step in to any of our 832 branches that offer Car Loans which will give wheels to your desire!

Low interest rates, easy repayment options, total transparency, low processing charges, and finance to include vehicle registration charges, insurance and one time road tax i.e. on road cost of vehicle.



You can apply for an SBBJ Car Loan to purchase :

  • A new car, jeep, Multi Utility Vehicle (MUV) or SUV (any make or model)
  • An old car / jeep / MUV /SUV (not more than 5 years old). (any make or model)

We even reimburse the cost of new vehicle purchased by you in past 2 years from your own sources.


Enjoy the SBBJ CAR LOAN Advantage

  • Excellent service and lower costs.
  • A quick survey of similar schemes available elsewhere and you will find that SBBJ Car Loans for new and old vehicles offer you
  • Lowest interest rates
  • Longer repayment period of upto 84 months.

Low processing charges

  • No hidden costs or administrative charges.
  • Finance for one-time road tax, registration fee and insurance premium
  • No advance EMIs.(Some Banks/companies ask you to pay one or more EMIs at the time of disbursement of loan, thereby effectively reducing your loan amount.)
  • Complete transparency : We levy interest on daily reducing balance method. When you pay one instalment, the interest is automatically calculated on the reduced balance thereafter.
  • When you pay interest on an annual reducing balance (as charged by many other companies/banks) the interest amount for the coming year is determined on the amount outstanding at the beginning of the year. You continue to pay interest even on the amounts you repay during the year.
  • Always compare the Equated Monthly Instalments (EMIs) and the total payments you would be required to make and not the rates of interest.

Purpose

You can take finance for

  • An old car / jeep (not more than 5 years old).

(Any make or model)

Eligibility

  • To avail an SBBJ Car Loan, you should be an
  • Individual between the age of 21-65 years of age.
  • A Permanent employee of State/Central Government, Public Sector Undertaking, Private company or a reputed establishment or
  • A Professionals or self-employed individual who is an income tax assessee or
  • A Person engaged in agriculture and allied activities.
  • With Net Annual Income Rs. 75,000/- and above.

Loan Amount

A maximum loan amount of 2.5 times the net annual income can be sanctioned. If married, your spouse's income could also be considered provided the spouse guarantees the loan The loan amount includes finance for one-time road tax, registration and insurance! There is no upper limit for the amount of a car loan for new car. It is decided by your repaying capacity.

Documents Required

You would need to submit only the following documents along with the completed application form if you are an existing SBBJ account holder:


  • Bank statement for the last 6 months
  • Two passport size photographs
  • Latest salary slip and Form 16, in the case of salaried persons
  • IT returns for the last two financial years, in the case of self employed individuals and professionals 3 years' IT returns.
  • If you are not an account holder with SBBJ you would also need to furnish documents that establish your identity and give proof of residence.

Margin

Used vehicles 15% when loan is upto Rs.6 lacs
30% when loan exceeds Rs.6 lacs

Repayment

  • You enjoy the longest repayment period with us.
  • Repayment period for new vehicles : Maximum of 84 months
  • Repayment period for old vehicles : Up to 84 months from the date of original purchase of the vehicle.

Interest

----- coming soon -----

Processing Fee

0.60% of Loan amount , to be paid upfront

Security

Only check off facility from employer or post dated cheques. If income of spouse has been clubbed to arrive at eligible loan amount, then personal guarantee of spouse.

VISHESH VAHAN YOJNA FOR RAJASTHAN GOVT. EMPLOYEES

Purpose

Purchase of old car, (upto 4 years)

Eligibility

Regular employees of State Govt. having minimum service of 2 years and upto the age of 55 years.
(At a time only one account can be outstanding)

Loan Amount

  • Max. Rs. 5 lacs for old car

Margin

Old vehicle: Upto 2 years: 30%

Rate of Interest

9.00% p.a.

Repayment

1-For old car (upto 2 years) 60 EMI
2- For old car (above 2 years) 36 EMI

Security

1-Hypothecation of vehicle purchased
2-Third party guarantee
3-Hyp. Charge noting with RTO

Processing Fee

NIL





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