State Bank of Travancore Car Loan Features
Buying a car has now become more of a common need in a middle-class setting. But sometimes it is a huge deal to buy a car, and rather than either burning a hole in your pocket or spending your savings, you can always opt for a car loan. Dialabank can help you know more about the perfect Car loan that you want to avail yourself of. Some features of State Bank of Travancore Car Loan are:
- Low-interest rates: Car loans starting at 9.95% p.a.
- Loan amounts may vary depending on the cost of the car and whether it is first or second hand.
- 0.50% processing fee.
- Comfortable return options and tenures: You can choose from various EMI options that stretch up to 7 years.
- Easy documentation: Documents are processed quickly if everything is in order.
State Bank of Travancore Car Loan Eligibility
State Bank of Travancore Car Loan Documents Required
State Bank of Travancore Car Loan Approval Process
State Bank of Travancore Car Loan Approval process is quite seamless and easy to follow. Steps to be followed are:
You can submit your loan request either online or offline with relevant documents.
- If you are applying online, submit all relevant information and documents asked. You can do this offline by visiting the nearest branch as well.
- Later, you will be called to the nearest branch for the verification process.
- Once your application is submitted and documents are verified, the loan amount is processed and handed over if everything is ok.
- This process can even be completed within hours if the documentation is perfect.
FAQs on State Bank of Travancore Car Loan Approval Process
✅ What are the basic documents required for a car loan?
- Income Proof
- Bank Statement
- Age Proof
✅ What is the minimum CIBIL score for a car loan?
Your CIBIL score must be at least 750 at the time of application. Always maintain a high CIBIL score to make sure that your loan approval processes go smoothly.
✅ What is the processing fee for a car loan?
It usually lies around 0.5 to 2.0% of the loan amount along with other miscellaneous charges.