About State Bank of Travancore Personal Loan
State Bank of Travancore Personal Loan is a bank that provides customers with numerous services and financial help. It even provides applicants with personal loans along with numerous offers, benefits and deals with low-interest rates.
The interest rate on a personal loan could range from 11% to 32% per annum or even more. The interest rate is dependent on the lender’s policies. The interest rate on personal loans is influenced by various factors like your credit history, including your repayment track record, credit score, net annual income, debt-to-income ratio, employment stability, etc.
Benefits of Personal Loan:
Act as a debt consolidation: Can help improve credit score as taking a Personal Loan to pay the credit card bill. This may help in improving our credit score, which can help us in financing our plans.
Help in financing up to 25 lakhs or more. This amount may vary from one bank to another.
Has an easy loan application process. Fill the form, and DialaBank will help you with other procedures and would provide you with correct data, so you don’t end up being scammed. DialaBank is worth believing.
State Bank of Travancore Personal Loan Eligibility
The eligibility criterion for a personal loan for State Bank of Travancore Personal Loan are:
Particulars | Salaried | Self-Employed |
Age | 21 – 60 years | 21 – 65 years |
Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
Co-applicant | Not mandatory | Not mandatory |
Loan Tenure | 12 – 60 months | 12 – 60 months |
Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
|
Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
CIBIL Score | 750 and above | 750 and above |
Residential Status |
Resident Indian staying in own house or a rented house
|
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
|
SBI | Up to 76 years | NA** | Rs.15,000 |
HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
Axis | 21 to 60 years | NA** | Rs.15,000 |
Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
|
India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
IDFC First Bank | 23 to 68 years | 3 years | NA* |
Federal Bank | 21 – 55 Years | 3 years | Rs.25,000 |
Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
Andhra Bank | 21 – 55 years | NA** | NA* |
Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed – Rs. 1.5 lakh |
IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
|
Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
Karnataka Bank | NA** | 3 years | NA* |
United Bank of India | up to 75 Years | 2 years | NA* |
UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
Documents Required for State Bank of Travancore Personal Loan
The documents required for UCO Bank are:
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
|
Existing Loans (if any) |
Payment Track Record & Sanction letter
|
Photograph |
One coloured passport size photograph
|
List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
|
Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
|
Existing Loans (in case any) |
Payment Track Record and sanction letter
|
Professional Degree Certificate |
In case of professionals
|
Photograph |
One coloured passport size photograph
|
List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
Identity Proof | Copy of the passport Copy of the visa |
Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
Photographs |
Passport size photographs
|
Know More About: Personal Loan Eligibility Criteria
State Bank of Travancore Personal Loan Approval Process
- when the bank receives the personal loan application, the bank will verify the information you gave in the application form. Details such as salary deposits, bank statements, and any other activity such as deduction of EMI from your account will be noted.
- Then comes the verification stage, where the data provided by you to the bank is verified. The KYC process is completed here. For example, the bank officials may contact you for the bank applications and documents required. The bank here cross verifies documents provided and inquires in the workplace or visits your home to avoid fraud.
- Here’s when the credit score of 750 or more is appreciated, and your loan is instantly approved. Next, the bank checks your credit score and looks at the transition history so far. Then, IT returns are examined for the last round, that is, the approval of the loan.
- The loan amount for the personal loan and tenure will be decided by the bank based on the following: annual salary, credit score, age, salary growth rate and the number of years left in job service.
- Once your loan is sanctioned, pay the processing expense and now can use the financiers.
Steps to Apply for State Bank of Travancore Personal Loan
- Visit the official website of Dialabank or contact us on 9878981166, or even send us an email at booking@dialabank.com.
- Fill in the information demanded by DialaBank for approving the form and submit the form to the lender.
- With this, Dialabank would advise you of the amount of money you are qualified to.
- Lastly, Dialabank will process your documents and verify them, and if the bank approves the loan, the funds will be instantly transferred into your bank account.
State Bank of Travancore Personal Loan Approval Process FAQs
✅ What is processing fees in the State Bank of Travancore Personal Loan?
Loan processing charges: Charges you incur on a Personal Loan. State Bank of Travancore Personal Loan has to bear some organisational expenses while processing and approving the loan.
✅ How can I apply for the State Bank of Travancore Personal Loan?
Through both offline and online, an individual can apply for a personal loan. For offline, you can visit the nearest Andhra Bank for Personal Loan and online, visit DialaBank for more data.
✅ Is it an advantage to be able to apply for a loan online?
The experience varies from person to person some value for the traditional method where they have a face-to-face talk. Others want to explore more technological advancements for using the traditional method. They might face insecurities like frauds or malpractices in the cyber world. Still, in this pandemic, it is crucial to stay at home. So DialaBank would work for its customers and connect to the bank of their wish.