SBT Car loans for NRIs Residents | Interest Rates | Documents | Information

State Bank of Travancore Car loan – Compare online Interest Rates, Documents, Eligibility and Processing Fees of SBT auto loans for NRI & Indians.

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.
✓ Minimum Net Annual Income Rs. 3,00,000/.

Compare, Calculate & Save more on Interest Rates & EMIs

Professional Details
Loan Amount


Annual Income


SBT Car Loan Interest Rates 2018

Scheme Interest Rates
New Car Check Here
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)

Amount of Loan: Eligible Amount Maximum
✓ New Cars/Jeeps 48 times net monthly income
✓ 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


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 loans above Rs. 50000/-)
✓ Personal guarantee of one or two persons of sufficient worth.

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