State Bank of Mysore Personal Loan Customer Care. State Bank of Mysore was a Public Sector Bank in India, headquartered in Bengaluru. It was one of the five associate banks of State Bank of India, all of which were merged with the State Bank of India from 1 April 2017. It has 1074 branches and 9 extension counters.

A personal loan is an unsecured loan issued by banks and financial institutions to borrowers against their creditworthiness. Since it is an unsecured loan, no collateral or security is involved. The bank or the financial institution considers the borrower’s credit score, repayment capacity, existing debt, income stability, etc., before issuing a personal loan. It is important for the borrower to have a high credit score as it is indicative of their repayment capacity. A non-resident Indian (NRI) can avail of a personal loan from banks and financial institutions located in India, to meet their urgent cash requirements.

State Bank of Travancore NRI Personal Loan Interest Rate

State Bank of Travancore Personal Loan Documents Required

State Bank of Travancore NRI Personal Loan Eligibility

Features of State Bank of Travancore NRI Personal Loan 

• The banks offers low and attractive interest rates.
• Borrowers can obtain a loan amount up to Rs 20 lakhs.
• The loan tenure is up to 6 years.
• The bank requires minimal and simple documentation.
• The loan amount is deposited in the borrower’s account instantly.
• Low processing fee is charged by the bank.
• This loan can be obtained by NRI borrowers without any  security.
• Enlsiting a co-applicant, who is an Indian resident, necessary.
• The primary borrower and co-applicant must both submit their documents.

Apply for State Bank of Travancore NRI Personal Loan with Dialabank

Dialabank is your best agent while availing of an NRI personal loan because. Dialabank is India’s first financial helpline; therefore, we have expertise. Based on your requirements, we offer you the best deal available online in the market and assist you in choosing the right deal for yourself. Dialabank offers doorstep pickup and delivery for your documents, saving your time and effort. It offers you the best NRI Personal Loan schemes and products available which you can compare against a broad list of parameters.

State Bank of Travancore NRI Personal Loan – FAQs

✅ How can I repay my NRI personal loan?

Banks and NBFCs offer borrowers the option of repaying the NRI personal through a flexible option – EMI

✅ Do I have to pledge any asset as collateral?

No, since a personal loan is an unsecured loan, no collateral is required by the lenders.

✅ Why are the interest rates higher on personal loans compared to other loans?

A personal loan is issued against the borrower’s repayment ability and since no collateral is pledged, the risk for the lender increases if the borrower fails to repay the loan. Hence, to cover their high risk, lenders charge a higher interest rate on personal loans.