State Bank of India - SBI Credit Card - Apply for SBI Credit Card - mymoneykarma

State Bank of India offers credit cards in association with GE Capital. SBI is one of the largest credit card institutions in India and provides a wide range of credit cards to suit the needs of different types of customers. These cards are designed to maximize the benefits when the customers are shopping, traveling, dining, going to the movies, or booking airline tickets. Here are some of the features of the credit cards from SBI.

• Facility to transfer balances from other bank credit cards.
• Flexipay option to break huge expenses into affordable EMIs.
• Hassle-free cashless shopping experience with convenient repayment options.
• Easy payment of utility bills with attractive cashback rewards.

SBI Card ELITE

• Free e-Gift voucher worth Rs. 5,000 on receiving the card.
• Complimentary movie tickets worth Rs. 6,000 every year.
• The opportunity of earning 50,000 Bonus Reward Points worth Rs.12,500 every year.
• Complimentary membership of Club Vistara and Trident Hotels. 

SBI Credit Card Eligibility

To be eligible for an SBI credit card, the minimum age of the applicant should be at least 21 years and below 60 years. They should have a regular source of income and a decent credit score. Also, they should also meet SBI credit card document requirements.

City Union Bank Two Wheeler Loan - Two Wheeler Loan - mymoneykarma

Although two-wheelers are convenient and preferred means of transport, they are not affordable for a majority of the middle-class section of India to buy entirely out of their pocket. Hence two-wheeler loans from City Union Bank provide support to people who are looking to purchase these vehicles.

Features of Two-Wheeler Loan

1. The motive of loan:

The two-wheeler loan is only eligible for new two-wheelers, not for the used ones.

2. Permitted Loan Amount:

The maximum two-wheeler loan amount offered by City Union Bank is determined by calculating the applicant's salary for 10 months and Rs 35,000 is the upper limit.

3.Interest Rates:

Base Rate is 10.75%

Base Rate+7.00 = 17.75%

4.Security:

Hypothecation of the bike to be bought is kept as security or collateral with the bank.

5.Third Party Guarantee:

Along with the loan applicant, the spouse (or maybe someone else who fulfills the eligibility criteria as per the requirement may apply as co-applicant.

6. Repayment Period:

The applicant can repay the loan maximum in a period of 36 months through EMIs and the bank doesn't allow any moratorium period in this regard.

7. Two Wheeler Insurance:

A comprehensive insurance cover is to be acquired by the applicant at the price of the vehicle as per the loan clause.

8. Processing Fees:

The bank will impose a processing charge at 1% of the entire loan amount. However, the whole process is transparent as there are no hidden charges.

9. Loan Disbursement:

The approved loan amount will be credited directly to the seller.

Capital Two Wheeler Loan - Two Wheeler Loan - mymoneykarma

Capital first is a financial services company primarily indulged in micro consumer loans and corporate lending. The company also operates in general insurance and life insurance products. The premium consumer products of the company include two wheeler loan along with some other products. The two-wheeler loan can be availed for the purchase of two-wheelers such as scooters, mopeds and motorcycles.

Features and Benefits of Capital First Bike Loan
The following features characterize capital First's two-wheeler loans:

• Quick disbursal of the loan request
• Affordable EMIs

Loan Eligibility Criteria:

• The eligibility criteria of the loan are as follows:
• The applicant must be at least 18 years old if the applicant is a student.
• The applicant must have a work experience of at least six months in case of salaried individuals.
• The applicant must have a work experience of at least two years in case of a self-employed individual and must be of at least 21 years of age.

PNB Two Wheeler Loan - Two Wheeler Loan Interest Rate - mymoneykarma

Two Wheeler Loan Interest Rate

1. Interest Rate for the Salaried Individual: The interest rate will Base Rate +3.00% for less than three years and BR+3.00%+TP for three years and above.

2. Interest Rate for the Self-Employed: The interest rate for three years or lesser is BR+4.00% and BR+4.00%+TP for more than three years.

The PNB is one of the leading nationalized banks and offers a wide array of financial products and services along with loans.

Eligibility Criteria of Two-Wheeler Loan

• The applicant must be getting a salary of minimum Rs. 10,000/- per month.
• The applicant must be a salaried individual who draws a salary from any employer via any PNB branch.
• The applicant must come under the age bracket of 18 to 60 years.
• The applicant should have a valid driving license.
• The applicant either should be a customer of PNB for at least the last six months with clear transactional record or a customer of any bank with a satisfactory transactional history of the previous one year.
• In case if the borrower is a student, he or she must be more than 18 years. The loan will only be sanctioned if a working parent becomes the co-borrower.
• If the applicant is married and not working, then the income of his/her salaried spouse will be considered for deciding the income criteria. Here the income of the salaried spouse will be considered.
• For Self-Employed Applicants: Here to verify the business income, the last ITR filed, and challans for tax deposited will be recognized.

Q1. Being a 19-year-old student, am I eligible to apply for a two-wheeler loan at PNB?

Yes, you can apply for a loan even if you are a student. However, this will only be possible by assigning a salaried parent as co-borrower. Along with that, a valid driver's license is also required from your side.

Q2. What are the charges for prepayments before the decided term?
There are no extra charges for doing so.

SBI Online - SBI Bank Two Wheeler Loan - mymoneykarma

Benefits of Two-Wheeler Loan from SBI

• The loan can be taken to buy any two-wheeler such as a scooter, motorbike, moped, and the battery operated two-wheelers.
• EMI is not required in advance.
• Affordable and low-interest rates that result in lower EMIs.
• The bank pays 85% of the on-road price of the two-wheeler in the loan.
• Avail the flexibility in payments of EMIs at any day of the month.
• An optional SBI life cover is also provided to borrowers.
• Free Accidental insurance cover.
• For any salaried individual who avails the loan, the maximum loan amount is kept at 1/6th of the net monthly income of the borrower.
• For the borrower who is self-employed, the maximum loan amount is limited to half of the borrower's annual net income.
• The yearly net income for agriculturists is based on the nature of their activity like orchards, land holding, farming, dairy, poultry, cropping pattern, yield, etc.
• The repayment tenure of the loan is 36 months.
• The loan margin provided by SBI is 15% of the road price of the vehicle which includes vehicle registration charges, insurance, and one-time road tax.

SBI Bike Loan Eligibility
The two-wheeler loan applicant should be :

• At least 21 years to 65 years of age.
• Either a permanent employee of the Central/State Government, Public Sector Undertaking, or from a reputed private company or firm.
• A self-employed income tax assessee, or involved in agricultural and allied activities.
• The minimum net annual income of the applicant should be Rs. 75,000 to avail loan for buying regular petrol/diesel/gas operated scooters and motorcycles. To avail the credit for buying mopeds and battery-operated two-wheelers, the same should be Rs. 60,000.

HDFC Bank - HDFC Bank Two Wheeler Loan - mymoneykarma

Features of HDFC Bank Two Wheeler Loan

HDFC two-wheeler loans come with a wide range of lucrative features that are listed below:

• The interest rate of the loan is 2% less, and the processing fees are 50% less for HDFC account holders.
• The bank has an online facility where the applicant can check the loan eligibility and status of application anytime.
• The time limit for repayment option ranges from 12 to 48 months. The repayment options are very flexible and can be availed even at the time of purchase.
• The EMIs of the loan can be paid through auto debit payments or post-dated cheques.
• Interest rates are very reasonable.
• Around 3000 branches across India provides this facility.
• Payment process of the loan is streamlined without any hiccups.
• The documentation procedure is simple and can be availed through a doorstep service.
• For some specific two-wheeler models, lucrative loans are provided to HDFC account holders
• All the loan charges are mentioned in writing along with the loan quotation.

Eligibility Criteria

The applicant of HDFC two wheeler loan has to be –

• Minimum 21 years old during the application, and should be less than 65 years when the tenure ends.
• Either a salaried or self-employed professional.
• Salaried individuals with a minimum yearly income of Rs. 84,000, and self-employed individuals with an annual salary of at least Rs. 72,000.
• Working for more than a year before applying for the loan.
• Have a landline phone either at their office, or at home.
• The applicant must reside for at least a year at the given address before applying.

SBI Bank Credit Cards - SBI Credit Card Customer Care - How to Make SBI Credit Card Bill Payment

How to Make SBI Credit Card Bill Payment :

There are two ways of paying SBI credit card bills, online and offline. Customers can avail the following options on the online method.

• Visa Credit Card Pay
• NEFT payment
• Paynet - Pay Online
• National Automated Clearing House
• YONO App
• UPI ID
• Google Pay

SBI Card Categories

SBI has the following types of credit cards.

• Lifestyle cards: These cards provide discounts and offers on dining, shopping, and entertainment.
• Reward cards: These cards offer PAYBACK rewards and cashback deals.
• Shopping cards: These cards offer huge discounts on various retail brands across countless outlets.
• Travel and fuel cards: These cards offer discount deals on airline tickets, train tickets, and fuel surcharge waivers.
• Banking partnership cards: SBI, in partnership with other banks, offers these credit cards that offer special discounts on grocery outlets and other retail outlets.

SBI Credit Card Eligibility

To be eligible for an SBI credit card, the minimum age of the applicant should be at least 21 years and below 60 years. They should have a regular source of income and a decent credit score. Also, they should also meet SBI credit card document requirements.

How can I get my SBI user ID and password? - Regenerating Forgotten SBI Net Banking Password - mymoneykarma

SBI net banking has 2 types of passwords – account/login password and profile password. The user sets both the passwords at the time of registration and first-time use. These passwords may sometimes slip from our memory as they are quite long and complex. Here is what you can do to regenerate your forgotten passwords.

Account/Login Password

As the name suggests, the account/login password is used to login to the SBI net banking portal. Follow the steps mentioned below to regenerate the account password:

• Visit the SBI personal banking page.
• Click on 'Forgot Login Password.'
• Again click on 'Forgot My Login Password' in the new window.
• Enter your username, account number, date of birth, phone number, and the captcha text.
• Click on 'Submit' to proceed.
• A 6-digit OTP will be sent to the registered mobile number.
• Now, enter this OTP and click 'Confirm.'

After entering the OTP, you have the following 2 ways of going forward and regenerating the password:

Through Mail

• This method is quite time-taking as the password is sent via postal mail.
• Select the option – 'Forgot profile password.'
• Now there are two options, and you can either go to the bank and reset the account password or simply make a request for a new password to be sent through the mail to your registered address. 
• Select your preference from 'Reset login password at bank' or ‘Receive new login password by Post.'

How can I check my SBI balance? - SBI Balance Enquiry - mymoneykarma

SBI has made it easy for its customers to avail all the services from the comforts of their homes.

Registration Process

If you are not registered with this service, follow the steps mentioned here to register:

• Send an SMS in the given format from your registered mobile number for that particular account.
• REG<space>Account Number to 09223488888
• For e.g., REG 9876543210
• A Confirmation message will be received, indicating a successful/unsuccessful registration.
• If successful, you can use the services.
• If unsuccessful, either ensure that the SMS format and destination mobile numbers are correct or the mobile number is updated with the bank for that account number.

Through SBI's Missed Call Banking, knowing the account balance is a piece of cake. Your balance inquiry is just one missed call away.

‘SBI Quick - Missed Call Banking’ is an initiative taken by SBI for its customers to get Account Balance and Mini Statement just by giving a missed call to predefined mobile numbers from the mobile number that is registered with the bank. You need to ensure that your mobile number is linked with your account in order to register for this service.
Toll-free Number

To check the account balance, you can simply give a missed call to the SBI balance inquiry toll-free number, i.e., 09223766666.

How many transactions are free in SBI ATM? - ATM Services - mymoneykarma

State Bank of India has set specific limits for the ATM transactions based on the previous month's Monthly Average Balance (MAB). Let us study the SBI ATM charges in detail.

Withdrawal at SBI ATM

• 5 free transactions per month are allowed.
• For any financial transaction beyond the transaction limit, Rs. 10 + GST is charged, and for any non-financial transaction, it is Rs. 5 + GST.
• Customers who are maintaining a Monthly Average Balance (MAB) of more than Rs. 25,000 in the previous month can avail 10 free transactions at SBI ATMs.
• Customers with MAB of more than a lakh in the previous month can avail unlimited free transactions at SBI ATMs.

Charges for Cardless Cash Withdrawal

• Rs. 22+GST is charged for Cardless Cash withdrawal at ATMs using the SBI YONO mobile app.
• Note:  Financial transactions are the ones that include cash withdrawal 
• and non-financial transactions include activities such as balance inquiry, PIN change, and mini statement.

Allahabad Two Wheeler Loan - Two Wheeler Laon - mymoneykarma

The Allahabad Bank came into existence when the banking sector was getting organized. It is one of the most trusted banks by people and has a widespread network in the country. The bank provides various products and services in the sector of personal banking, social banking, and corporate banking. The Allahabad Bank offers a wide range of financial products in the personal banking sector such as debit and credit cards, home loans, personal loans, car loans, two-wheeler loans, and a variety of savings accounts.

The New Saral Loan has been customized by the Allahabad Bank to facilitate people working in an organization whose salaries are being credited through the Allahabad Bank accounts. This loan can be used to buy a two-wheeler or any consumer durable. A two-wheeler maintenance requires a lesser effort than keeping a car. The bank understands this requirement of every Indian and has introduced New Saral Loan and AB Mobike loan for the public at reasonable rates of interest.

Features and Benefits of Two-Wheeler Loans
 
1. AB Mobike Loan:

• The loan is provided for buying a new two-wheeler.
• The guarantor for the loan can be the spouse of the borrower or a third person who can take up the responsibility.
• The Loan amount offered is a maximum of Rs. 1 lakh.
• The margin on the loan is 10% of the total on-road cost of the two-wheeler.
• The repayment period provided by the bank is 48 months.

2. Allahabad Bank New Saral Loan:

• This kind of loan can be availed by people whose salaries are credited through Allahabad Bank accounts.
• The minimum gross salary of the borrower per month should be Rs.20,000.
• The loan can be processed by the applicant only if he or she is a permanent employee with a minimum of 2 years service experience within the same organization.
• The organization of the salaried borrower must have the minimum 20 employees.
• The loan can be used for purchasing a bike, any consumer durable item, or any other tangible asset.
• The movable assets need to be hypothecated to Allahabad Bank.
• The utilization of the loan should not exceed 50% of the loan amount for meeting domestic, social, religious, and other exigency expenses.
• The quantum of credit is 24 times the net salary of the borrower, subjected to a maximum loan limit of Rs.7.50 lakhs and a minimum loan limit of Rs.50,000.
• The loan margin is 10%, calculated from total assets owned or bought by the borrower.

Punjab National Bank Two Wheeler Loan - PNB Two Wheeler Loan - mymoneykarma

Eligibility Criteria of Two-Wheeler Loan

• The applicant must be getting a salary of minimum Rs. 10,000/- per month.
• The applicant must be a salaried individual who draws a salary from any employer via any PNB branch.
• The applicant must come under the age bracket of 18 to 60 years.
• The applicant should have a valid driving license.
• The applicant either should be a customer of PNB for at least the last six months with clear transactional record or a customer of any bank with a satisfactory transactional history of the previous one year.
• In case if the borrower is a student, he or she must be more than 18 years. The loan will only be sanctioned if a working parent becomes the co-borrower.
• If the applicant is married and not working, then the income of his/her salaried spouse will be considered for deciding the income criteria. Here the income of the salaried spouse will be considered.
• For Self-Employed Applicants: Here to verify the business income, the last ITR filed, and challans for tax deposited will be recognized.

Two Wheeler Loan Interest Rate

1. Interest Rate for the Salaried Individual: The interest rate will Base Rate +3.00% for less than three years and BR+3.00%+TP for three years and above.

2. Interest Rate for the Self-Employed: The interest rate for three years or lesser is BR+4.00% and BR+4.00%+TP for more than three years.