State bank Of Travancore Car Loans

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.

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

New Car Loan Rates

Tenure3 Years
Down Payment0.15
Processing Fee0.5% Of The Loan Amount
Interest Rate11
Document Charges
State bank Of Travancore avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by State bank Of Travancore. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks

Loan Eligibility Calculator

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

  • 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.

      • 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
      Security Primary : Hypothecation of the vehicle purchased out of bank finance. Collateral (for Car loans above Rs. 50000/-) :


    • Processing Charges 0.50% of the loan amount subject to a minimum of Rs.500/- and maximum Rs.10000/-