State Bank of Travancore Personal Loan offers wide variety of loans to customers. We at money super bazaar will talk about SBT Personal Loan, equated monthly installments on basis of SBT Personal Loan interest rate, bank-determined SBT Personal Loan eligibility criteria. Market-based SBT Personal Loan review and bank’s official website have these loans:

Types of security :

SBT Personal Loan name :

Against Deposits:              

Cash-key facility:

Its key feature is unlimited with drawls being

permitted in current account, a maximum of 90% of

deposit amount allowed.

Gold Loans:

Conventional:

@ Rs.1350/gram of gold jewellery, up to

maximum of Rs.10lacs

Liquid:

Overdraft facility against pledge of gold jewels                              

Against Scrips:                  

Mitra varsha: overdraft facility against securities, like LIC/ SBI.

Policy.

Personal Loans:              

Sahay Varsha:

Demand loans to meet short-term needs

Computer Loan:

For purchase of home PCs, printer/ UPS

Suvidha:

Personal expenses, eg: marriage related expenses

Prasanthi:

Clean demand loan designed for pensioners.

SBT Personal Loan Interest Rate :

According to SBT Personal Loan review, all loans are based on base rate, currently at 7.75% p.a.

Cash key facility :

1% above interest rate allowed on deposit. This SBT Personal Loan rate does not depend on amount and period, or on SBT Personal Loan interest rate.

Gold Loan :

4.25% above base rate

Sahaya Varsha :

6.50% above base rate for loans to those with check-off facility

8% above base rate to those without check-off facility

Prasanthi :

4.50% above base rate

Computer Loan:

6% above base rate with check-off facility

6.50% above base rate to those without check-off facility

Suvidha Loan:

Ranges from 5.50% to 6.50% above base rate

Mitra Varsha Loan:

4.50% above base rate

SBT Personal Loan Eligibility:

Sahaya Varsha loan is made available to those loan-seekers who fulfill following SBT Personal Loan eligibility criteria:

• Salary-account holders with bank, having monthly income exceeding Rs.5000
• Pensioners with bank, with reliable source of income of at least Rs.2500

Suvidha Loan is available to those who satisfy following SBT Personal Loan eligibility requirements:

• Employees of government (state/central), quasi government employees, reputed companies, with net monthly income of Rs.12,000; self-employed/ professionals having net annual income of Rs.150000
• Those who are associated with agriculture
• Age limit should be 60 years at time of sanction.

SBT Personal Loan rate of interest and other charges remains constant, independent of loan-borrower’s category.

SBT Personal Loan Prasanthi Loan borrowers must not exceed 75 years of age at loan-sanction.

Computer Loan is offered to those having 3 years standing.

Quantum Of State Bank Of Travancore Personal Loan:

Gold Loans:

Rs.10lacs

Mitra varsha:

Minimum of Rs.50, 000, maximum of Rs.20lacs

Sahaya Varsha:

Minimum of Rs.10,000 and maximum of Rs.2lacs(15 times of net monthly salary)

Suvidha Loan:

24 times of net monthly income for salaried persons or 2 times net annual income, subject to minimum of Rs.50,000, maximum of Rs.1core

Computer Loan:

15 times of net monthly income, maximum of Rs.1lac

Procedure To Be Followed While Applying For State Bank Of Travancore Personal Loan:

Sahaya Varsha Loan has processing fee ranging between Rs.100 and Rs.250

According to SBT Personal Loan review, following documents are required:

a) Application form (duplicate copy), two passport sized photos; proof of income

b) Salaried persons:

Standing instructions to deduct monthly installments from salary account.

c) Pensioners:

Authorization to deduct monthly installments from pension account; proof of other income.

Suvidha Loan:

Processing fee at SBT Personal Loan rate of 2% is to be levied.

Prasanthi Loan:

Processing fee at SBT Personal Loan rate of 0.50% of limit.

Tenure Of State Bank Of Travancore Personal Loan:

Average tenure of loans ranges from 6 months to 72 months, depending on loan type.

Repayment Of State Bank Of Travancore Personal Loan:

All kinds of SBT Personal Loan have a period of at least 6 months, up to 72 months, as stated in SBT Personal Loan review, previously. However, borrower of Prasanthi Loan has to repay amount:

Aged Up to - Within

60 years - 54 equal monthly installments

Above 60 years - 48 monthly installments, irrespective of SBT Personal Loan interest rate.

Product Page URL:

http://www.statebankoftravancore.com/domloan.htm

Branch Office Address (In Table):

City	Branch	Address	Phone number	Email Id
Delhi	KAROLBAGH	P.B.NO.2651 SBT HOUSE, 18/4 ARYA SAMAJ ROAD, KAROL BAGH NEW DELHI- 110005	011-28752044	newdelhi@sbt.co.in
Mumbai	MUMBAI MAIN	P.B.NO.1005, N.M.WADIA CHARITIES BLDGS, 125, MAHATMA GANDHI ROAD, FORT, MUMBAI - 400023	022-22676479 022-22633164	mumbai@sbt.co.in
Kolkata	RASHBEHARI AVENUE	P.B.NO.9036, 36, CHOWRINGHEE ROAD, MIDDLE TOWN ROW KOLKATA  -700071	033 - 2226 4186 033 - 2226 6756	calcutta@sbt.co.in
Chennai	CHENNAI MAIN	P.B.NO.7826, UNITED INDIA INSURANCE BLDGS, ESPLANADE , CHENNAI - 600108	044 - 25341254 044 - 2534 1529	chennai@sbt.co.in