State Bank of Travancore Personal Loan

State Bank of Travancore star star star star star 3.75 / 5.04 users

A subsidiary of State Bank of India, State Bank of Travancore is one of the most influential financial institutions in the country offering the customers with a wide range of banking products and services. The personal loan offered by State Bank of Travancore comes with attractive interest rates and can be easily availed by the individuals. With State Bank of Travancore Personal Loan, one can meet with his/her financial requirements and commitments.

Features of State Bank of Travancore Personal Loan:-

Flexible Holding Period:

Five years is the maximum loan repayment period offered by the bank although, depending on the personal loan scheme availed by the individual, it may vary.

The Interest Rates are lower:

The rate of interest calculated with State Bank of Travancore Personal Loans varies from 12.9%-13.9% on a yearly basis and it will be different for different individuals depending on their loan repayment capacity and monthly income.

State Bank of Travancore Personal Loan Types:

  • 1Jai Jawan Personal Loan:

Seven years is the maximum loan term provided with this personal loan scheme where after one month of personal loan disbursal, the repayment is scheduled.

  • 2New Prasanthi Elite Loan:

Five years is the maximum loan term provided with this personal loan scheme where the pensioner has to repay the loan amount before he/she hits the age 80.

  • 3New Prasanthi Loan:

Three years is the maximum loan term provided for the family pensioners and five years is the maximum loan term provided for the normal pensioners.

  • 4Personal Loan for Corporate/existing Govt./PSU Employees:

Five years is the maximum loan repayment period attached with this personal loan scheme.

Eligibility Criteria:

  • 21 years is the minimum age for applying for personal loan.
  • The applicant must be a salaried individual or self-employed.
  • The applicant must be residing in India.
  • He/she must hold an account at State Bank of Travancore.

Required Documents:

  • Duly filled bank’s application form with applicant’s signature and passport size photographs.
  • Identity proof of the applicant like Aadhar Card, Voter ID, Driving License or Ration Card.
  • Address proof of the applicant such as passport, electricity/water/gas bill, etc.
  • Age proof of the applicant such as birth certificate or driving license.
  • Form 16 or the applicant’s latest salary slip.
  • Previous three months account statements.
  • Savings and investment proof (if required).

The bank may ask for additional documents based on the applicant’s personal loan type.

State Bank of Travancore Personal Loan


Personal Loan
star star star star star 15.0/5
I have a Personal Loan with State Bank of Travancore. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Mumbai September 18, 2018
Personal Loan
star star star star star 15.0/5
Taking personal loan in Gujrat by State Bank of Travancore through online portal of loanbaba was after all not a bad idea. This way I could communicate with the State Bank of Travancore without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai September 17, 2018
Personal Loan
star star star star star 13.0/5
The State Bank of Travancore has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai September 17, 2018
Personal Loan
star star star star star 12.0/5
Personal loan by State Bank of Travancore was perfect, but the turnaround time is something they can work upon.
Mumbai September 15, 2018

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