- Salaried and other regular income earners with a minimum of 2 years standing/ experience in their line of activity
- Spouse of NRIs, based on the monthly income of the NRI.
Amount of Loan
- Eligible Amount Maximum
- New Cars/Jeeps 30 times net monthly income Rs.30 lakhs
- Second hand cars 30 times net monthly income
- (vehicles upto 2 years old) Rs.4 lakhs
- (vehicles 2 to 5 years old) Rs. 3 lakhs
Margin Take over of Car loans (from other banks) can be considered.
**Reimbursement of expenses incurred for purchase of new cars by way of Hypothecation is also considered.Margin
- Up to Rs.20 lakhs – 15% of the road cost of the new car to be purchased (invoice cost+life tax+Insurance)
- Above Rs.20 lakhs – not less than 25%
- 25% for second hand cars upto 2 years old
- 40% for second hand cars above 2 years upto 5 years old
- New Cars 84 equated monthly installments
- Second hand cars 60 equated monthly installments
- Processing Charges 0.50% of the loan amount subject to a minimum of Rs.500/- and maximum Rs.10000/-
Find details of state bank of travancore car loan through State bank Of Travancore EMI calculator. Just enter the loan amount of car 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.
|State bank Of Travancore|
New Car Loan Rates
|Processing Fee||0.5% Of The Loan Amount|