If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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  • State Bank Of Travancore Car Loan Reviews

    • State Bank of Travancore Car Loan
      "Cares About Customers"
      0.5 5.0/5 "Blown Away!"
      I had applied for my car loan with SBT on Jan 30, they called me on Jan 31st and said my application got approved. That time they processed Interest for 9.15%, But next day the interest rate was came down,So they intimated me, then they again processed my application for 8.70% interest rate. They weere offering customer friendly service. Frankly speaking, I did not expect such a wonderful service that too from a Nationalized bank like SBT.
      Was this review helpful? 1
      , thrissur
      Reviewed on Feb 27, 2017
    • State Bank of Travancore Car Loan
      "One of the best option"
      0.5 5.0/5 "Blown Away!"
      I got the car loan with State bank of Travancore and the interest rate was good one while compare with other. The process got over within a day of time and the documentation procedures are nominal one with them. I am happy with them.
      Was this review helpful? 4
      , kochi
      Reviewed on Feb 17, 2017
    • State Bank of Travancore Car Loan
      "One of the best option"
      0.5 5.0/5 "Blown Away!"
      I got the car loan with State bank of Travancore and the interest rate was good one while compare with other. The process got over within a day of time and the documentation procedures are nominal one with the State Bank of Travancore. I am happy with them.
      Was this review helpful? 0
      , kochi
      Reviewed on Feb 17, 2017
    • State Bank of Travancore Car Loan
      "My car loan"
      0.5 4.0/5 "Great!"
      I was interacting with the Manager and I got an immediate response. Obviously SBT being a nationalized bank always tries to provide a least interest rate. This loan was taken a way back. I had got NOC and closure letter on time on the same day when I visited the branch
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 29, 2016
    • State Bank of Travancore Car Loan
      "Simple process "
      0.5 4.0/5 "Great!"
      The service provided by state bank of travancore was good related to the car loan application.The process was simple and easy to complete without much complication applied.They asked for the required documents to complete the car loan process.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 15, 2016
    • State Bank of Travancore Car Loan
      "Very good experience"
      0.5 4.0/5 "Great!"
      I had availed a car loan from State Bank of Travancore. Their customer service and responsiveness was pretty good. The interest rate offered was affordable and on par with other banks in the market. The processing fee was waived off. The processing and documentation was easy and smooth and a quick process.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 04, 2016
    • State Bank of Travancore Car Loan
      "Need to improve customer service!"
      0.5 3.5/5 "Pretty good"
      The car loan was processed within a day by State bank of Travancore. I visited the branch and submitted the documents for the loan process. 10.75% is the interest rate offered them but I felt that affordable. I would suggest them to improvise their customer service.
      Was this review helpful? 1
      , kollam
      Reviewed on Feb 04, 2016
    • State Bank of Travancore Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      SBT Car loan is fine the interest rate offered by them was very less and they were able to fund of 95% of the loan amount. Processing fee is rs 2000 and I am allowed to make the foreclosure and part payment. I am holding this car loan for a period of 3 years. I have paid a part of the principle amount interest rate and preclosure charges and I directly approached the branch for foreclosing the account.
      Was this review helpful? 1
      , kottayam
      Reviewed on Sep 03, 2015
    • State Bank of Travancore Car Loan
      "Got A Car Loan..."
      0.5 5.0/5 "Blown Away!"
      I availed a car loan from state bank of Travancore. My father is working there so I got the loan easily. They have given pre closure option without any charges. The best thing is they wont charge much for late payments, they also waive it if it is once or twice.
      Was this review helpful? 2
      , ernakulam
      Reviewed on Aug 13, 2015
    • State Bank of Travancore Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      SBT Car loan process was fine. They had offered me a special rate of interest which was 10% based on my savings account. Processing fee charged by them was very minimal which was rs 500 to rs 800 which for the loan amount of 4 lakhs. They managed to offer the loan within a span of 3 to 4 days of time.
      Was this review helpful? 3
      , new delhi
      Reviewed on Aug 12, 2015
    • State Bank of Travancore Car Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have experience with the car loan in the state bank of interest and the rate of interest was around 10.15% .The processing charges was around 3000 Rupees.The service is really good with them.The loan got disbursed within 2 days of the 80% of the cost of the vehicle.
      Was this review helpful? 0
      , kochi
      Reviewed on Jul 07, 2015
    • State Bank of Travancore Car Loan
      "Its fine"
      0.5 4.0/5 "Great!"
      I had taken a car loan from SBT. The former part was very difficult where they had asked for several documents they did not keep me posted about that. I kept following up with them. There is no issues or hassle with them. I had placed a request for the closure they confirmed the exact outstanding principle amount, there was no foreclosure charges. This was request for the closure was made at the branch and the loan was closed successfully.
      Was this review helpful? 3
      , thiruvananthapuram
      Reviewed on May 23, 2015
    • State Bank of Travancore Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I went through the car loan process from state bank of tranvancore.They offered me the best interest rate and the processing fee.They completed the entire documentation part within 5 minutes and approved the loan within 2.5 hours of the same day. I am very much happy with the service provided by them
      Was this review helpful? 2
      , chennai
      Reviewed on May 13, 2015
    • State Bank of Travancore Car Loan
      "Excellent Service!!"
      0.5 5.0/5 "Blown Away!"
      I was having a Car loan from State Bank of Travancore. It took nearly 2 weeks for the loan to get disbursed. The documentation process was good. The rate of interests charged for this loan is less compared to other Banks. The Bank was near to my home so I had visited the Bank directly and filled the form and it was a good response from the Bank. Overall it was an hassle free process.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 23, 2015
    • State Bank of Travancore Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I am holding a SBT car loan the service offered by them was excellent. I am getting very good support from them . Its been 5 years now since this loan was closed. When compared with others they offered a least interest rate. Though it s a public sector bank they offered personalized customer service. I have repaid everything and I have got my closure letter and NOC as well. Another major advantage was the preclosure and there was no preclosure charges as well.
      Was this review helpful? 1
      , kochi
      Reviewed on Feb 20, 2015
    • State Bank of Travancore Car Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      Its very excellent from state bank of india for my car loan .I got everything in doorstep. The executive came and collected the documents.I have got my loan within 2 weeks of time. Due to rate of interest in reducing rate of 11% and they are providing 85% -90% on on-road prices. And also their prepayment charges are zero
      Was this review helpful? 2
      , bangalore
      Reviewed on Oct 30, 2014
    • State Bank of Travancore Car Loan
      "Fantastic experience"
      0.5 4.0/5 "Great!"
      Four years ago I had availed a car loan from State Bank of Travancore. The processing of the loan was quite fast and completed within a week. My only inconvenience was I had to visit the branch in the beginning of the loan process to complete the documentation and at the end to close the loan account. The rate of interest was fixed and pretty good. There was some ongoing offers on the interest rates as well and there are no extra or hidden charges at all.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 11, 2014
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    State Bank of Travancore (SBT) Car Loan Eligibility Calculator is Rated as "Excellent!" by 17 Users

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    Car Loan BYTES FROM OUR KITCHEN

    State Bank of Travancore (SBT) Car Loan Eligibility Calculator

    State Bank of Travancore Car Loan Eligibility Overview

    State Bank of Travancore is a leading public sector bank in India,that was founded in 1945. It became an Associate of State Bank of India and part of the State Bank Group, through the SBI subsidiary Banks Act of 1959. State Bank of Travancore has its headquarters in Thiruvananthapuram, Kerala.


    The Bank offers unique and convenient car loans to its customers who wish to purchase new cars, SUVs or MUVs. The car loan scheme offers special benefits such as a quick processing time, comparatively low interest rates, high loan terms, lower margins, and much more. A customer can avail a car loan either individually or jointly and the car can be registered in the name of any one of the borrowers.

    State Bank of Travancore Car Loan Eligibility Criteria

    • Salaried individuals or those who earn a regular income are eligible to apply for the SBT car loan of they have at least 2 years’ experience in their job.
    • Any individual who is an employee of the Government (State/ Central), Private sector companies, Public Sector companies, Corporations, Banks or Insurance Companies are eligible to apply.
    • Pensioners can also apply for a car loan from State Bank of Travancore.
    • If the applicant is a Commissioned Officer in the defence force/service, he/she can apply for a car loan provided that he/she has at least 2 years’ experience in the service.
    • Self-employed, Professionals, proprietary/ partnership firms, Businessmen and others who are income tax assessees for at least 2 years, are considered eligible to apply for the loan.
    Apply for Car Loan Online

    Factors affecting State Bank of Travancore Car Loan Eligibility

    • SBT will evaluate an applicant’s credit score before processing his/her loan application. This step helps the bank to analyze the creditworthiness of an individual. The credit score reflects the individual's credit history such as financial records including payment history, current and closed credit accounts, active duration of credit, etc. A high credit score paves way for the smooth processing of your car loan approval.
    • Income: Income is another crucial factor in determining car loan eligibility and creditworthiness of an applicant. The debt-to-income ratio analysis helps the Bank to understand the income owned by the individual against his/her debt burden, in a year. The debt-to-income ratio shows the net worth of the applicant and his/her repayment capability.
    • Downpayment and Loan amount: If the borrower pays a significant amount as downpayment for the car, it not just reduces the burden of debt that he’ll have to shoulder by availing a car loan, but also helps to portray reliability and reduced risk to the issuing Bank. With a greater loan margin and reduced loan amount, the chances of getting the car loan approved by State Bank of Travancore.
    • Age: A younger applicant has higher chances of getting his/her loan application approved. Those who fall closer to the upper age limit has lesser chances of loan approval since, from the Bank’s point of view, there are more risks involved in terms of income earned, outflows, etc. Applicant whose age is within the age criteria set by the bank, can avail the car loan from SBT. Older applicants can improve their eligibility for a car loan from SBT if they have a higher net worth, co-applicants with a stable source of income, shorter tenure of loan, etc.
    • Loan Tenure: If the tenure of loan chosen by the applicant is short, this indicates a quicker repayment of loan. Since this is a low risk case, the Bank will view the application favourably.

    How to increase State Bank of Travancore Car Loan Eligibility

    • Pay all dues in time and do not default on any credit if you wish to be eligible for a car loan. All transactions, including defaults, cheque bounces, late payments, etc. reflects poorly on your credit score.
    • Try to have secured loans than unsecured loans since unsecured loans such as credit cards, personal loans, etc. is can be considered as counter-productive pay-outs. It is better to have a robust combination of both secured and unsecured credit.
    • Guarantor: Having a guarantor vouch for your car loan application can influence your car loan eligibility positively.
    • Collateral/Security: By pledging a security or any form of collateral apart from the hypothecation of your vehicle, you can increase your car loan eligibility.
    • Pay close attention to all transactions in your Joint accounts or accounts to which you are a guarantor for, since you are equally responsible for any defaults on credit repayment in these accounts.

    State Bank of Travancore Car Loan Eligibility Calculator

    Find out your eligibility for State Bank of Travancore car loan immediately, by using an online car loan eligibility calculator tool. No more waiting around for a Bank executive to get in touch with you or finding a bank branch closest to you to find out your car loan eligibility. This method is convenient and available at no additional cost. You can provide information such as: the car’s make and model, its on-road price, your age (date of birth), income, salaried/ self-employed, etc. that will help the tool to evaluate your eligibility. By clicking on the “calculate” tab, you can find out whether you fall within the eligibility criteria set by the Bank.

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