State Bank of Travancore Car Loan Interest Rate

How much is the rate of interest on Car Loan scheme of State Bank of Travancore (SBT) , give here detail about this loan scheme ?

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Through Car Loan scheme , State Bank of Travancore offers loan for purchase of new passenger cars, Multi Utility Vehicles (MUVs) and Sports Utility Vehicles (SUVs).

Car Loan Scheme

Rate of Interest :

Below 10 lacs
Spread Linked to MCLR Effective Rate(%)
0.75 10.35

10 lacs & above
Spread Linked to MCLR Effective Rate(%)
0.50 10.10

Eligibility:

Salaried and regular income earners.

Minimum 2 years standing /experience

Commissioned Officers in defence services with a minimum 2 years of service.

Professionals, Self-employed, Businessmen, proprietary/ partnership firms

Age
21 to 65 years.

Loan Amount

For Salaried:
Upto 48 times the net monthly income
Or 4 times of Net Annual Income.

For others:
Upto 4 times the Net Profit or Gross Taxable income per annum.

Car Loan as Term Loan
Normal : Upto Rs.10.00 lakhs
Premium car Loan : Rs.10.00 lakhs and above

Contact :
State Bank of Travancore
1800 425 7733