State Bank of Travancore Chennai

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About State Bank of Travancore

State Bank of Travancore is an associate bank of State Bank of India. Established its base in Chennai through setting up some of its branches. The city is known as one of the largest cultural, economic and educational centres of South India. State Bank of Travancore makes its presence recognized through its various offerings of products and services such as personal banking, corporate banking, NRI, MSME, agriculture and allied services. Apart from the host of products, State Bank of Travancore encourages the city’s rapid development with the premier customer services it provides time-to-time. Chennai, the pivotal centre for the automobiles, software services, medical tourism, hardware manufacturing and financial services participate in the banking services for the speedy settlement of payments procedure of its vendors.

The State Bank of Travancore loans is availed by all customers of the bank. The bank grants loans to all the eligible applicants. The loans offered to Chennai residents encompass personal loans, gold loans, cash-key facility, Mitra Varsha, education loans, housing loans, car loans , trade loans. The integration of technology to the banking services have encouraged State Bank of Travancore to extend exemplary services in business banking, social and rural banking, as a result, has ranked the city, third highest in India in terms of GDP.

Branch Addresses of State Bank of Travancore Chennai

Branch NameComplete AddressIFSCMICRContact Number
Chennai (Main)P.B.No.7826, United India Insurance Bldgs, Esplanade P.O., Chennai, Tamilnadu, Pin - 600108, Service Centre 26445765/66SBTR0000002 600009002044 - 25341254 044 - 2534 1529 044 - 25330418
Mount Road – ChennaiP.B.No.2244 Metro Plaza, 162 Mount Road, Anna Salai P.O., Chennai, Tamilnadu, Pin – 600002SBTR0000003600009005 04428521005 04428527742 04424359432
Kilpauk (CHENNAI)P.B.No.1031, Coromandel Towers, 816 Poonamalle High Road, Kilpauk P.O., Chennai, Tamilnadu, Pin – 600010SBTR000029760000900704426412262 04426414055
Annanagar (EAST) ChennaiD - 105, First Floor, First Main Road, Anna Nagar East, Chennai, Tamilnadu, Pin – 600102SBTR0000320600009011044-26630896 044-26631348 044-26632497
T Nagar ChennaiP.B.No. 1015, 68, Usman Road, T Nagar P.O., Chennai, Tamilnadu, Pin – 600017SBTR000041160000900804424343758 04424335978
Triplicane ChennaiP.B.No.161, No.20, Triplicane High Road, Thiruvallikeni P.O., Chennai, Tamilnadu, Pin – 600005SBTR0000442600009004044-28547573 044-28593324
Besant Nagar (CHENNAI)P.B.No.5003, Plot No.E.32, 2nd Avene, Besant Nagar P.O., Chennai, Tamilnadu, Pin – 600090SBTR0000465600009003044-24916048 044-24465617
Indira Nagar (CHENNAI)15 Kasturiba Nagar, 3rd Cross Street, Adayar P.O., Chennai, Tamilnadu, Pin – 600020SBTR0000526600009006044 24410134
Annanagar (WEST) ChennaiNo.W - 7, North Main Road, Annanagar Western Extension, Chennai, Tamilnadu, Pin – 600101SBTR0000530600009009044 - 26150770, 26151459, 24468269

Products Offered by State Bank of Travancore Chennai

ProductEligibilityLoan Amount Interest RateProcessing FeeTenure
Home Loan(i) Salaried persons, self employed businessmen, professionals and agriculturists, who have regular monthly income and have a minimum of three years of standing / experience in their works are eligible to apply.

(ii) The Net Monthly Income(NMI) should be 60 times for age upto 45 years
(iii) The Net Monthly Income(NMI) should be 48 times for age above 45 years
(iv) Income of spouse can also be considered for NMI
Max. ₹ 500 Lakhs

9.20% - 9.45%



Upto ₹ 25,000: NIL, ₹ 25,001 to ₹ 2.00 lacs: ₹ 500/
Above ₹ 2.00 lacs: 0.50% of the loan amount + S.T., with a maximum of ₹ 10,000/
Upto 30 years
Personal Loan (i) For Government/ PSU employees: Normal Personal Loan & Elite Personal Loan

(ii) For Corporate employees: Corporate Personal Loan

(iii) Minimum age limit of the applicant should be 21 years and maximum 3 years before the date of retirement

(iv) Minimum Net Monthly Income for Government Employees should be ₹ 20,000/- & ₹10,000/- for Corporates.
(i) Normal-For Persons with Net Monthly Income(NMI) upto ₹ 40,000/-12 times of NMI, maximum ₹ 4.00 lakhs.

(ii) Elite-For persons with NMI above ₹ 40,000/-15 times of NMI, maximum ₹ 10.00 lakhs

(iii) Corporates-15 times NMI, maximum ₹ 10.00 lakhs

12.20% - 13.70%

1.00% of the loan amount sanctioned(Service Tax as applicable rates should be collected separately)Upto 5 years
Car Loan(i) Salaried and regular income earners with a minimum 2 years standing /experience in their line of activity. (State/ Central Government, Public Sector undertakings, Corporations, Private sector companies, Insurance Companies and Banks and also pensioners).

(ii)Commissioned Officers in defence services with a minimum 2 years of service.

(iii) Professionals, Self-employed, Businessmen, proprietary/ partnership firms and others who are income tax assessee with a standing of 2 years can avail of the loan facility.
(iv) The borrower should be in the age group of 21 to 65 years.
(i) Loan amount starting from ₹ 8 lakhs and above

(ii) Car Loan as Term Loan
Normal : Upto ₹ 10.00 lakhs
Premium car Loan : ₹ 10.00 lakhs and above

9.70% - 14.95%

(i) 0.30% of loan amount with a minimum of ₹ 1000/- and a maximum ₹ 3,000/- .(Service tax extra)

(ii)
When loans are rejected: 25% of the Processing Fee will be retained if the application is rejected after pre-sanction survey subject to Minimum of ₹ 250/- plus service tax
Upto 7 years
Business LoanFor MSME Contractor Plus
(i) Registered/empanelled contractors of good repute undertaking works on behalf central and state governments/local bodies/railways/PSU's/MNC's and reputed private sector organizations

(ii) Sub contractors executing works on behalf of main contractors

For SME Easy Loan
(i) Existing enterprises/new connections, including takeover

For Doctor's Special

Individuals, Patnerships, Corporates, Trusts(with power to borrow). Applicants should be Medical/Dental/Homeopathic/Ayurvedic Graduate from recognized institutes
For MSME Contractor Plus

(i) Cash Credit: minimum ₹ 5 lakhs and maximum need based

(ii) Term loan-need based







For SME Easy Loan

(i) Minimum : Above ₹ 10 lakhs

(ii) Maximum : Need Based


For Doctor's Special
For MSME Contractor Plus

11.05%p.a.-14.05% p.a.

For SME Easy Loan

10.55% p.a.-10.80% p.a


For Doctor's Special

11.30% p.a.-12.05% p.a
N.A.For MSME Contractor Plus
Upto 7 years




For SME Easy Loan and Doctor's Special

Upto 8 years
Fixed DepositIndividuals, Hindu Undivided Families (HUFs), Minor represented by parents/guardian,Guardian on behalf of societies, clubs, trusts and associations, associations, clubs, trusts, sole proprietorship firms, partnership firms and limited companiesNIL

5.50% - 7.00%

NIL7 days to 10 years

Documents Required at State Bank of Travancore Chennai


Products
Documents
Home Loan Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card
Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID
Income Proof-Latest Salary Slips & Form 16 for Salaried
- Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years
Bank Account Statement for the Last 6 Months
Track record of existing loans, if any
Details of property you look to buy & construct
Personal Loan Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
Address Proof- Utility bill/Passport/Aadhar card/Voter ID
Income Proof- Latest Salary Slip/ ITR/Form-16
Other Income Proof for Salaried Individual
Letter of Authority from Employee authorizing the employer to deduct monthly installment out of salary for remitting to bank and Letter of Undertaking from the employer for check off facility OR Letter of Authority from employee/ applicant authorsing the Bank to deduct the loan instalment out of the salary routed through branch.
Other Income Proof for self-employed professionals
IT returns for the last two financial years. Proof of professional qualification (Copy of highest professional degree held). Proof of office/commercial address.

Bank Statement- Last 3-6 Month Bank Statement
Car LoanFor Self-Employed, Professionals, Proprietory/Partnership Firms and Businessmen

Statement of Bank account of the borrower for last 6 months.
Proof of Identity: - (any one of the following) - Passport copy/PAN Card/ Voters ID card/ Driving Licence etc.
2 passport size photographs of borrower.
Income Proof: - Latest ITR for 2 years.
Address Proof: - (any one of the following) - Ration card/Driving licence/Voters ID Card/Passport Copy/Telephone Bill/ Electricity Bill/Life Insurance policy/ PAN Card , Aadhar Card.
I.T. Returns/Form 16 for the last 2 years.
Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate/sales tax certificate/SSI registered certificate/copy of partnership.

PAN CARD to be obtained compulsorily in all cases. Apart from PANCARD, Branches should obtain another valid ID proof like Aadhar card or driving License also.
Fixed DepositAn Individual, Hindu Undivided Family, Sole Proprietorship Concern

ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card
Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque
A photograph
Trusts

Copy of the Trust Deed
Copy of the registration certificate
Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account
Photographs of the members operating the account
Associations/Clubs

By-laws of the Association
Copy of the Resolution by the board authorizing the members concerned to open and operate the account
Photographs of the members operating the account

Partnership Firm
Partnership Deed
Letter from partners approving the persons concerned to open and operate the account
Photographs of the persons operating the account


Public or Private Limited Companies
Board Resolution / Authority Letter
Memorandum & Articles of Association
Certificate of Incorporation
Certificate of Commencement of Business (Public Limited Company)
Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
Governing Act / Rules and Regulations(PSUs) (certified true copy)

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