| State Bank of Travancore Car Loan |
|
|
| Introduction |
|
| State Bank of Travancore offers car loan for new cars/jeep, second hand cars. For new cars/jeep the maximum loan amount is 30 times net monthly income Rs.30 lakhs. For second hand cars maximum loan amount is 30 times net monthly income. Bank also consider margin take over of car loans (from other banks). Bank takes collateral security for loans above Rs. 50000/-. |
|
|
|
|
| Highlights |
|
| |
New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
Maximum amount is 30 times net monthly income Rs.10 lakhs.
|
For vehicles up to 2 years old - Rs. 4 lakhs
For vehicles 2 to 5 years old - Rs. 3 lakhs
|
| Tenure |
Min. - 36 months.
Max. - 84 months.
|
Min. - 36 months.
Max. - 60 months.
|
| Interest Rate |
11 % |
17.25 % |
| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti Suzuki, Mercedes Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha |
|
|
 Fees & charges
Fees & charges
|
|
| |
New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
|
| Comment on Charges |
Processing charges : 0.30%
Margin-For Normal Car Loan Below Rs.10 lakhs 15% of total cost of vehicle
For Premium Car Loan of Rs.10 lakhs and above 20% of total cost of the vehicle |
Processing charges : 0.50%
Margin-40% |
|
|
|
Special Offers
|
Special Privileges |
|
|
| New Car |
|
Comprehensive Insurance is compulsory for all loans for purchase of vehicle. |
|
| New Car |
|
Comprehensive Insurance is compulsory for all loans for purchase of vehicle. |
|
|
|
Application Process
|
Application Process |
|
|
Papers to be submitted to the Bank
Application form (in duplicate)
Passport size photos (2 nos)
Proof of income
A proforma invoice of the vehicle proposed to be purchased. Documents required for used cars, please contact nearest branch
Details of guarantors
a. In the case of salaried persons :
Salary Certificate showing deductions
Authorisation to deduct monthly installments from the salary of the employee for credit of the loan account where check-off facility is available.
b. In the case of self employed/professional/businessmen :
Statement of computation of taxable income |
|
|
|
|
|
|
Show All Auto Loans
|
|
|
|
Twitter