State Bank of Travancore Loans

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The State Bank of Travancore loans can be availed by all customers of the bank. State Bank of Travancore Personal loans and State Bank of Travancore Business loans are granted to all eligible applicants.

Personal Loans

State Bank of Travancore Personal loans include a number of financial products like loans against deposits, loans against securities, loans against gold, and also education loans, housing loans and computer loan. The types of loan are:

Gold Loans: Loans are given against gold bullion and gold ornaments. Maximum loan granted is ` 10 lakhs. Loans carry a repayment tenure of 6 or 12 months.

Cash Key facility: Loans are granted against bank deposits. Up to 90% of the deposit amount can be given as loan. Chequebook facility is available.

Mitra Varsha: State Bank of Travancore loans are given against securities like SBI and LIC policies and Indira Vikas Patra. A maximum of 95% of the total surrender value is given. The maximum loan amount is ` 20 lakhs.

Education loans: State Bank of Travancore education loans are given to students desirous for continuing studies in India and abroad. Professional courses, Graduation courses, and Post Graduation courses are allowed. Maximum loan amount for studying in India is ` 10 lakhs. Maximum loan amount for studying abroad is ` 20 lakhs.

Housing Loans: State Bank of Travancore housing loans are given for purchase, renovation, construction and repair of house or flat. Maximum loan amount is ` 300 lakhs. Margin money of 20% is taken from the borrower.

Trade Loans

State Bank of Travancore also finances trade and commercial activities. State Bank of Travancore business loans are granted for both Capital Investment and Working Capital purpose. Minimum margin money is 25% of the total loan amount.