State bank Of Travancore Bike Loans

Find details of state bank of travancore bike loan through State bank Of Travancore EMI calculator. Just enter the loan amount of bike you want to get financed and rate of interest. State bank Of Travancore EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.

Also see:   Car Loan Emi Calculator
State bank Of Travancore
State bank Of Travancore

New Bike Loan Rates

Tenure6 years
Down Payment
Processing Fee1
Interest Rate16.70
Document ChargesRs.250

Loan Eligibility Calculator

State Bank of Travancore Bike Loan eligibility, Interest Rate, documents and process

  • Eligibility:
  • State/Central Govt  employees/ employees of Public sector undertakings/ executives of reputed companies/establishments, & MNCs with minimum service of two years who are maintaining salary  accounts with us under Banks’ corporate salary package will be eligible.
  • Maximum Loan amount:
  • 8 times of Net Monthly Income, maximum Rs.50,000/- EMI not exceeding 50% of NMI
  • Minimum income criteria:
  • Annual Net Income of Rs 150,000/-
  • Margin:
  • 20% of the cost of the vehicle including insurance & life tax
  • Period of the Loan / Repayment : 36 months or 3 years
  • Processing fee: RS 150/- ( upfront)
  • Security:
  • Hypothecation of the two wheeler purchased out of bank finance.
Personal Guarantee of one person in the absence of check facility. In case of existing Housing loan/ Suvidha loan borrowers , extension of Equitable                  Mortgage of house property.