State Bank of Travancore Car Loan Key Features
| State Bank of Travancore Car LoanInterest Rate | 7.50% per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 90% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,526 |
| Minimum Net Monthly Income | ₹ 25,000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs). |
| Processing Fee | Up to 0.30% (Max Rs. 3000) |
| Foreclosure Charges | No foreclosure charges |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation |
About State Bank of Travancore Car Loan
State Bank of Travancore is a subsidiary of the State Bank Group and also has share-holders. It is the premier bank of Kerala, India. It has 1,157 branches and 1,602 ATMs overall.
State Bank of Travancore offers Car Loans at reasonable interest rates to the consumer for purchasing their dream car either new or second hand. This loan is easily available who have a good credit/CIBIL score.
Advantages of State Bank of Travancore Car Loan
State Bank of Travancore Car Loan Eligibility
| Salaried Individual |
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| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
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| Priority Customers |
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State Bank of Travancore Car Loan Interest Rate, Fees and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.50% p.a. | 10.20 p.a. |
| Processing fee | Up to 0.30% of the loan amount(Max Rs. 3,000) | Up to 0.30% of the loan amount(Max Rs. 3,000) |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| Foreclosure Charges | No foreclosure charges | No foreclosure charges |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 5% of the paid amount | 5% of the paid amount |
| Cheque/Instrument Swap Charge | Rs.500 per instance | Rs.500 per instance |
| Documentation Charge | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | Rs.500 per instance | Rs.500 per instance |
| Registration Certification Collection Charge | Rs.200 per instance | Rs.200 per instance |
| Cheque Bounce/Instrument Return Charges | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate Statement Charges | Rs.500 per instance | Rs.500 per instance |
| Loan Cancellation/Re-booking Charges | Rs.2,500 per instance | Rs.2,500 per instance |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
State Bank of Travancore Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof
(Any 1) |
Birth Certificate Passport Driving Licence PAN |
| Signature Proof
(Any 1) |
Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Work Experience Certificate ITR of Form 16 Salary Slip with Joining Date Appointment Letter Letter of Relieving |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Business Proof | Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest MOA Copy of Incorporation Copy of Latest AOA |
| Address Proof (Any 1) |
Current Account Statement
Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents |
List of Directors and Shareholding Partners
PAN Card Board Resolution Certificate of Commencement of Business for Ltd. Co. |
State Bank of Travancore Car Loan EMI Calculator
The seeker has the option to check the EMI’s before getting a Car Loan. You can easily check out through the link below:
State Bank of Travancore Car Loan Types
State Bank of Travancore presents different types of car loans to its customers. You have the option of picking the offer which suits your need the best. It offers the following types of Car Loans:
- New Car Loan – If you want to buy a new car, this is the plan for you. You can get a car loan from State bank of Travancore for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
- Used Car Loan – If you want to purchase a used car then you can select this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
- Loan Against Car – You can choose this scheme if you need urgent funds where you can keep your cars as security with the bank.
State Bank of Travancore Car Loan Pre Calculated EMI
How to Apply for State Bank of Travancore Car Loan?
- Visit Dialabank and fill a form.
- Our Relationship Manager will call you and guide you throughout the processing of a car loan.
- You can compare various offers from banks and pick the one which suits you.
- So, you can easily apply for a Car Loan with Dialabank and enjoy offers.
State Bank of Travancore Car Loan for Top Selling Cars
Other Available Products from State Bank of Travancore
FAQs for State Bank of Travancore Car Loan
✅ What is State Bank of Travancore Car Loan?
Car loan refers to the various financial products which allow someone to acquire a car, including car finances and leases.
✅ How can I get a Car Loan from State Bank of Travancore?
There are two main ways in which one can avail a car loan from State Bank of Travancore. One is through online application and the other is through the in-branch application. The existing customers could also be eligible for pre-approved car loans based on terms and conditions.
✅ How does the State Bank of Travancore Car loan work?
State Bank of Travancore gives car loans at extremely attractive interest rates based on your eligibility and the amount you borrow as a loan and the loan period that you choose. Any salaried or self-employed borrower between the ages of 21-58 years with a decent credit score, a constant occupation, and a firm income is qualified to apply for a Yes Bank car loan.
✅ How to Check Car Loan status of State Bank of Travancore?
You can check your car loan status in Yes Bank by visiting the nearest branch or by checking the bank’s website.
✅What is the maximum loan amount that I can avail of on a car loan of State Bank of Travancore?
N/A
✅ What is the loan tenure of State Bank of Travancore Car loan?
The loan tenure of State Bank of Travancore ranges from 1 year to 8 years.
✅ Can I get a 100% Car loan from State Bank of Travancore?
A 100% loan amount will be provided on the on-road price of the vehicle for selected models. It offers the most competitive interest rates in the industry. There will be multiple repayment options available.
✅ Can you prepay your State Bank of Travancore Car Loan?
There is no prepay/foreclosure charges for a car loan from State Bank of Travancore.
✅ Does State Bank of Travancore Car Loan charge any Processing Fees?
The processing fee charged by State Bank of Travancore is up to 0.30% of the loan amount or Maximum Rs. 3,000 for availing a car loan.
✅ Can I get a State Bank of Travancore Car Loan if I have a low Credit score?
State Bank of Travancore requires you to have a good credit score of 700 or above for a car loan.
✅ What can you keep as Security with State Bank of Travancore to get a Car Loan?
No need of any other guarantee other than the car itself to avail a car loan from State Bank of Travancore.
Table of Contents
- 1 State Bank of Travancore Car Loan Key Features
- 2 About State Bank of Travancore Car Loan
- 3 Advantages of State Bank of Travancore Car Loan
- 4 State Bank of Travancore Car Loan Eligibility
- 5 State Bank of Travancore Car Loan Interest Rate, Fees and Charges
- 6 State Bank of Travancore Car Loan Documents Required
- 7 State Bank of Travancore Car Loan EMI Calculator
- 8 State Bank of Travancore Car Loan Types
- 9 State Bank of Travancore Car Loan Pre Calculated EMI
- 10 How to Apply for State Bank of Travancore Car Loan?
- 11 State Bank of Travancore Car Loan for Top Selling Cars
- 12 Other Available Products from State Bank of Travancore
- 13 FAQs for State Bank of Travancore Car Loan
- 13.1 ✅ What is State Bank of Travancore Car Loan?
- 13.2 ✅ How can I get a Car Loan from State Bank of Travancore?
- 13.3 ✅ How does the State Bank of Travancore Car loan work?
- 13.4 ✅ How to Check Car Loan status of State Bank of Travancore?
- 13.5 ✅What is the maximum loan amount that I can avail of on a car loan of State Bank of Travancore?
- 13.6 ✅ What is the loan tenure of State Bank of Travancore Car loan?
- 13.7 ✅ Can I get a 100% Car loan from State Bank of Travancore?
- 13.8 ✅ Can you prepay your State Bank of Travancore Car Loan?
- 13.9 ✅ Does State Bank of Travancore Car Loan charge any Processing Fees?
- 13.10 ✅ Can I get a State Bank of Travancore Car Loan if I have a low Credit score?
- 13.11 ✅ What can you keep as Security with State Bank of Travancore to get a Car Loan?
