LOAN - PERSONAL

We extenoans in C$ or in US$ against your term deposits in C$/US$ with us. Quantum of loan is generally 75% of the deposit which is assigned. The rate of interest is 2% above the rate of interest of the subject assigned deposit. If loan is required in C$ against a USD deposit, the rate of interest is RBC prime rate for C$ plus 2%.

We also entertain requests for loans in C$ or US$ against repatriable deposits held with State Bank of India branches in India (NRE/FCNB deposits). Loans in USD OR C$ against Resurgent India Bonds (RIBs) are also considered.

For more details regarding personal loans against deposits please contact Manager(Credit) Tel 416-865 0414 Ext 234, credi@sbicanada.com


NEWS

State Bank of India (Canada)-a wholly owned subsidiary of State Bank of India- has been operating in two provinces of Canada - Toronto & Vancouver for more than a decade, extending various facilities to the Indians settled in Canada such as remittance of funds through a network of over 9000 offices of State Bank of India, the largest commercial bank in India.

SBI (C) has also been instrumental in fostering trade ties between India and Canada by extending financial, advisory and logistic support to Canadian and Indian Corporate’s.

Your Bank Your People at Your Service.
New location to service you - Brampton Branch now open


Mississauga Branch: Business Hours from May 07, 2007

Tue - Fri: 9:30am to 3:30pm
Sat - 9:00am to 2:00pm
Remittance Services Exchange Rate