Travancore Personal Loan Approval Process

About State Bank of Travancore Personal Loan

State Bank of Travancore Personal Loan is a bank that provides customers with numerous services and financial help. It Uttarbanga Kshetriya Gramin Bank Personal Loan Approval Process even provides applicants with personal loans along with numerous offers, benefits and deals with low-interest rates.

The interest rate on a personal loan could range from 11% to 32% per annum or even more. The interest rate is dependent on the lender’s policies. The interest rate on personal loans is influenced by various factors like your credit history, including your repayment track record, credit score, net annual income, debt-to-income ratio, employment stability, etc.

Benefits of Personal Loan:

Act as a debt consolidation: Can help improve credit score as taking a Personal Loan to pay the credit card bill. This may help in improving our credit score, which can help us in financing our plans.

Help in financing up to 25 lakhs or more. This amount may vary from one bank to another.

Has an easy loan application process. Fill the form, and DialaBank will help you with other procedures and would provide you with correct data, so you don’t end up being scammed. DialaBank is worth believing.

State Bank of Travancore Personal Loan Eligibility

The eligibility criterion for a personal loan for State Bank of Travancore Personal Loan are:

Particulars	Salaried	Self-Employed
Age	21 – 60 years	21 – 65 years
Minimum Income	Rs.15,000*	Rs.5 Lakh p.a.
Co-applicant	Not mandatory	Not mandatory
Loan Tenure	12 – 60 months	12 – 60 months
Maximum Loan Amount	Rs.40 Lakh	Rs.40 Lakh
Employment Type	Employees of private limited companies and public sector undertakings	Self-employed individuals
Employment/Business Continuity	At least 2 years; minimum 1 year with current employer	4 years Post Qualification experience for Doctors/ Chartered Accountants. 5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score	750 and above	750 and above
Residential Status	Resident Indian staying in own house or a rented house

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank	Age Limit	Minimum Work Experience	Minimum Income (Per Month)
SBI	Up to 76 years	NA**	Rs.15,000
HDFC	21 to 60 years	2 years	Rs. 20,000
Private	23 to 58 years	2 to 5 years	Rs.17,500
Axis	21 to 60 years	NA**	Rs.15,000
Kotak Mahindra	22 to 55 years	1 year	Rs.25,000
Tata Capital	21 to 58 years	1 year	Rs.15,000
IndusInd	21 to 60 years	2 to 5 years	Rs.25,000
Ujjivan Small Finance	22 to 58 years	NA**	Above the minimum wage limit
India Infoline Finance Limited	25 to 60 years	6 months to 2 years	Rs.35,000
HDBFS	21 to 65 years	1 year to 3 years	Rs.15,000 for salaried Rs.1 lakh p.a. for self-employed
Indian Overseas Bank	Up to 58 years	NA*	Rs.5,000
IDFC First Bank	23 to 68 years	3 years	NA*
Federal Bank	21 – 55 Years	3 years	Rs.25,000
Punjab National Bank	21 – 58 years	2 years for doctors	Rs.15,000
Andhra Bank	21 – 55 years	NA**	NA*
Canara Bank	NA**	NA**	Salaried: Rs.6,000 & above Self-employed – Rs. 1.5 lakh
IDBI Bank	Up to 75 years for Pensioners	NA**	Rs.1.5 lakh p.a.
Fullerton India	21 to 55 years	1 to 2 years	Rs.15,000
RBL Bank	25 to 60 years	1 to 3 years	Rs.25,000
Bank of Baroda	21 to 60 years	1 year to 2 years	60% of gross monthly income
Deutsche Bank	25 to 60 years	NA**	Rs.25,000
Karnataka Bank	NA**	3 years	NA*
United Bank of India	up to 75 Years	2 years	NA*
UCO Bank	21 to 65 years	1 year to 5 years	Rs.20,000

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

Documents Required for State Bank of Travancore Personal Loan

The documents required for UCO Bank are:

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhar Card Driving License
Address Proof (Any one)	Passport Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card
Income Proof	Salary slips (Last 3 months) Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one	IT returns (for 2 years) Form 16
Residence Ownership Proof (Any one)	Property documents Maintenance bill Electricity bill
Proof of Job Continuity (Any one)	Current employment certificate Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)	Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)	Payment Track Record & Sanction letter
Photograph	One coloured passport size photograph

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhaar Card Driving License
Address Proof (Any one)	Passport Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card
Proof of Residence Ownership (Any one)	Property documents Maintenance bill Electricity bill
Proof of Office Address and Ownership (Any one)	Maintenance bill Property documents Electricity bill
Proof of Business Existence (Any one)	Copy of GST registration Company registration license Shop establishment proof
Income Proof	Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement	Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)	Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)	Payment Track Record and sanction letter
Professional Degree Certificate	In case of professionals
Photograph	One coloured passport size photograph

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof	Copy of the passport Copy of the visa
Employment Proof	Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID
Income Proof	Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate
Photograph	Passport size photographs

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)	Ration card Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate
Address Proof (Any one)	Passport Aadhaar card Utility bills Ration card Driving licence
Income Proof (Any one)	Last 6 months’ bank statements/salary slips Bank passbook Form 16 Copy of pension payment order Income tax returns
Photographs	Passport size photographs

Know More About: Personal Loan Eligibility Criteria

State Bank of Travancore Personal Loan Approval Process

when the bank receives the personal loan application, the bank will verify the information you gave in the application form. Details such as salary deposits, bank statements, and any other activity such as deduction of EMI from your account will be noted.
Then comes the verification stage, where the data provided by you to the bank is verified. The KYC process is completed here. For example, the bank officials may contact you for the bank applications and documents required. The bank here cross verifies documents provided and inquires in the workplace or visits your home to avoid fraud.
Here’s when the credit score of 750 or more is appreciated, and your loan is instantly approved. Next, the bank checks your credit score and looks at the transition history so far. Then, IT returns are examined for the last round, that is, the approval of the loan.
The loan amount for the personal loan and tenure will be decided by the bank based on the following: annual salary, credit score, age, salary growth rate and the number of years left in job service.
Once your loan is sanctioned, pay the processing expense and now can use the financiers.

Steps to Apply for State Bank of Travancore Personal Loan

Visit the official website of Dialabank or contact us on 9878981166, or even send us an email at booking@dialabank.com.
Fill in the information demanded by DialaBank for approving the form and submit the form to the lender.
With this, Dialabank would advise you of the amount of money you are qualified to.
Lastly, Dialabank will process your documents and verify them, and if the bank approves the loan, the funds will be instantly transferred into your bank account.

State Bank of Travancore Personal Loan Approval Process FAQs

✅ What is processing fees in the State Bank of Travancore Personal Loan?

Loan processing charges: Charges you incur on a Personal Loan. State Bank of Travancore Personal Loan has to bear some organisational expenses while processing and approving the loan.

✅ How can I apply for the State Bank of Travancore Personal Loan?

Through both offline and online, an individual can apply for a personal loan. For offline, you can visit the nearest Andhra Bank for Personal Loan and online, visit DialaBank for more data.

✅ Is it an advantage to be able to apply for a loan online?

The experience varies from person to person some value for the traditional method where they have a face-to-face talk. Others want to explore more technological advancements for using the traditional method. They might face insecurities like frauds or malpractices in the cyber world. Still, in this pandemic, it is crucial to stay at home. So DialaBank would work for its customers and connect to the bank of their wish.