SBT Car Loan @ 9.95% – 10.20% Interest Rates, Eligibility EMI Online

State Bank of Travancore Car Loan – Compare and Apply for SBT Car loans, Interest rates, Documents, Eligibility, processing Fees. Calculate EMI & Eligibility with Calculator at

Persons Eligible

Salaried and other regular income earners with a minimum of 2 years standing/ experience in their line of activity.
✓ Spouse of NRIs, based on the monthly income of the NRI.

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Professional Details
Loan Amount:
Annual Income:

SBT Car Loan Interest Rates

Scheme Interest Rates
Below 10 lakh – New Car 10.20%
Above 10 lakh – New Car 9.95%
Preowned (repayment upto 3 years) 14.70%
Preowned (repayment above 3 years) 15.20%

Processing Fees: 0.30% of loan amount with a minimum of Rs.1000/- and a maximum Rs.3,000/- .(Service tax extra)

State Bank of Travancore Car Loan EMI Calculator

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

Amount of Loan
✓ Eligible Amount Maximum
✓ New Cars/Jeeps 30 times net monthly income Rs.30 lakhs
✓ Second hand cars 30 times net monthly income
✓ (vehicles upto 2 years old) Rs.4 lakhs
✓ (vehicles 2 to 5 years old) Rs. 3 lakhs

* Margin Take over of Car loans (from other banks) can be considered.

**Reimbursement of expenses incurred for purchase of new cars by way of Hypothecation is also considered.

✓ Up to Rs.20 lakhs – 15% of the road cost of the new car to be purchased (invoice cost+life tax+Insurance)
✓ Above Rs.20 lakhs – not less than 25%
✓ 25% for second hand cars upto 2 years old
✓ 40% for second hand cars above 2 years upto 5 years old


✓ New Cars 84 equated monthly installments
✓ Second hand cars 60 equated monthly installments


Primary : Hypothecation of the vehicle purchased out of bank finance.

Collateral (for
Car loans
above Rs. 50000/-) :

Personal guarantee of one or two persons of sufficient worth.

Processing Charges 0.50% of the loan amount subject to a minimum of Rs.500/- and maximum Rs.10000/-

Insurance Comprehensive Insurance is compulsory for all loans for purchase of vehicle.

Documents / 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

Other Available Products of State Bank of Travancore

SBT Home Loan
SBT Housing Loan
SBT Car Loan
SBT Personal Loan
SBT Two Wheeler Loan
SBT Consumer Durable Loans
SBT NRI Car Loans

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