State Bank of Travancore Personal Loan Key Features Jan 2021
| Eligibility Criteria | Details |
| Age | 21 – 60 Years |
| CIBIL Score | Minimum 700 or above |
| State Bank of Travancore Personal Loan Interest Rate | 9.99% per annum |
| Lowest EMI per lakh | Rs. 2105 |
| Tenure | 6 to 72 months |
| State Bank of Travancore Personal Loan Processing Fee | 1% to 2% of Loan Amount + GST |
| Prepayment Charges | 3% |
| Part Payment Charges | Not Applicable |
| Minimum Loan Amount | Rs. 24,000 |
| Maximum Loan Amount | Rs. 20 Lakh |
State Bank of Travancore Personal Loan Eligibility Criteria
Eligibility criteria for a personal loan:
| CIBIL Score Criteria | 700 and Above |
| Age Criteria | 21 – 60 Years |
| Min Income Criteria | Rs. 15000/month |
| Occupation Criteria | Salaried/Self-employed |
State Bank of Travancore Personal Loan Interest Rates and Charges
| State Bank of Travancore Personal Loan Interest Rate | 9.99% per annum |
| State Bank of Travancore Personal Loan Processing Charges | 1% to 2% of Loan Amount + GST |
| Prepayment Charges | 3% |
| Stamp Duty | As per state laws |
| Cheque Bounce Charges | As per bank terms |
| Penal Interest | 2% |
| Floating Rate of Interest | Not Applicable |
State Bank of Travancore Personal Loan Documents Required
Documents required by State Bank of Travancore:
| Form | Duly filled application form |
| Proof of Identity | Copy of: > Passport > Driving License > Aadhar Card > Voter ID Card |
| Proof of Address | Rent Agreement (Min. 1 year of stay) Utility Bills Passport (Proof of permanent residence) Ration card |
| Proof of Income | > ITR: Last two Assessment years > Salary Slip: Last 6 months > Bank Statement: Last 3 months |
State Bank of Travancore Personal Loan EMI Calculator
State Bank of Travancore Personal Loan Compared to Other Banks
| Bank | Interest Rate | Tenure | Loan Amount & Proc Fee |
| State Bank of Travancore | 9.99% | 6 to 72 months | Up to Rs. 20 lakh / 1% to 2% of Loan Amount |
| HDFC Bank | 11.25% to 21.50% | 12 to 60 months | Up to Rs. 40 lakh / Up to 2.50% of the loan amount |
| Bajaj Finserv | Starting from 12.99% | 12 to 60 months | Up to Rs. 25 lakh / Up to 3.99% of the loan amount |
| Axis Bank | 15.75% to 24% | 12 to 60 months | Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount |
| Citibank | Starting from 10.99% | 12 to 60 months | Up to Rs. 30 lakh / Up to 3% of the loan amount |
| Private Bank | 11.50% to 19.25% | 12 to 60 months | Up to Rs. 20 lakh / Up to 2.25% of the loan amount |
Other Loan Products from State Bank of Travancore
Why should you apply for the State Bank of Travancore Personal Loan with Dialabank?
- Dialabank is your trustworthy financial advisor.
- We help you with all your financial doubts and needs.
- We make it convenient for you to choose and apply for a loan through our online platform.
- Our team is readily and always available to you.
How to Calculate EMIs for State Bank of Travancore Personal Loan
The personal loan EMI calculator given below will calculate your EMI for you. Just enter your loan amount, rate of interest, and tenure.
State Bank of Travancore Personal Loan Processing Time
Your loan application may take up to a week of processing time after submission. Pre-approved individuals and bank customers get their processing time significantly reduced to just 48 hours.
State Bank of Travancore Personal Loan Preclosure charges
State Bank of Travancore allows you to prepay and close your loan account after 6 EMIs with a 3% foreclosure charge.
State Bank of Travancore Personal Loan Overdraft Facility
An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like way repay the got out absolutely at whatever point the condition is ideal. From this time forward, it is maybe the most preferred credit decisions that profited to meet changing individual supporting necessities unbounded.
Apply for an overdraft office as a State Bank of Travancore for a frightening new turn of events. The flexible improvement office has all the goliath features of a slight overdraft credit.
Pre Calculated EMI for Personal Loan
Different Personal Loan offers by State Bank of Travancore
State Bank of Travancore Marriage Loan
A wedding is the most expensive expenditure for Indians. State Bank of Travancore provides you with low-interest personal loans to help you manage your finances and allow you to celebrate without worry.
State Bank of Travancore Personal Loan for Government Employees
State Bank of Travancore has special rates and privileges for the government employees and defense personnel. It provides lower processing fees, higher loan amount personal loan eligibility, and flexible tenure to public sector employees.
State Bank of Travancore Doctor Loan
Doctors who have been in practice for at least 4 years get special discounts and offers from the State Bank of Travancore to meet their personal and professional expenses.
State Bank of Travancore Personal Loan for Pensioners
State Bank of Travancore facilitates personal loans for pensioners by giving them flexible tenure, low rates of interest, and discounted processing fees. You should be drawing your pension from the bank’s account.
State Bank of Travancore Personal Loan Balance Transfer
Existing personal loans that might be putting a hole in your pocket can be transferred to the State Bank of Travancore at no extra charges. The bank will provide you with lower personal loan interest rates and easy EMI options.
State Bank of Travancore Personal Loan Top Up
Any individual with a personal loan from the State Bank of Travancore can get a top-up for additional funds and requirements without having to apply for a fresh loan.
State Bank of Travancore Personal Loan Status
The status of your loan can be checked by;
- Visiting your loan branch in person.
- Using the bank’s net-banking portal and mobile app.
How to Apply for a Personal Loan from State Bank of Travancore?
- Visit Dialabank.
- Fill out the form.
- Await a call from us.
- Submit your documents and get an instant loan.
FAQs About State Bank of Travancore Personal Loan
✅ What is the State Bank of Travancore’s loan?
The personal loan offered by the State Bank of Travancore will help you meet your personal and daily expenses, from medical bills to weddings, education, etc.
✅ How does the State Bank of Travancore’s personal loan work?
It is an unsecured loan for which you do not need any security. It is a very easy and simple loan option for your day-to-day needs.
✅ What is the personal loan rate of interest in the State Bank of Travancore?
The rate of interest for a personal loan in the State Bank of Travancore is 9.99% per annum. A processing fee of 1% to 2% of the Loan Amount is also charged.
✅ How can I get a State Bank of Travancore’s loan?
Apply the following steps:
- Visit the nearest branch.
- Apply for a personal loan.
- Submit your documents as requested.
- Get your loan amount.
✅ How to apply for a personal loan in the State Bank of Travancore?
You can either visit the State Bank of Travancore branch directly or use Dialabank’s online portal for a more convenient option.
✅ How much EMI on the State Bank of Travancore personal loan?
The personal loan EMIs are calculated using loan amount, rate of interest, and loan tenure. The minimum EMI for the State Bank of Travancore is Rs 2105 for a loan of Rs 1 lakh.
✅ How much CIBIL score required for availing a personal loan from the State Bank of Travancore?
State Bank of Travancore requires a minimum CIBIL score of 700 for its loan products.
✅ Minimum credit score needed for State Bank of Travancore personal loan?
The borrower shall have a minimum credit score of 700 or more to become eligible for a personal loan.
✅ What can I use for the State Bank of Travancore’s personal loan?
State Bank of Travancore’s personal loan can be used for all your personal expenses and needs.
✅ What relaxation scheme and moratorium State Bank of Travancore provides about Personal Loan due to Covid 19?
A 6 month period will be provided by the State Bank of Travancore.
✅What is the foreclosure charge for the State Bank of Travancore’s personal loan?
Yes, you can prepay your State Bank of Travancore personal loan with a 3% foreclosure fee.
✅What is the State Bank of Travancore personal loan customer care number?
Contact 9878981166 for any queries.
✅What is the State Bank of Travancore personal loan closure procedure?
- Visit the bank with the complete set of documents (as mentioned above).
- You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
- Pay the pre-closure amount.
- Sign the required documents, if any.
- Take acknowledgment of the balance amount you have paid.
✅What is the State Bank of Travancore Personal Loan Overdraft Facility?
An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is possibly the most favored credit choices that benefitted to meet changing individual supporting necessities unbounded.
