State Bank of Travancore Kochi: Adeqaute Finances for your Needs

State Bank of Travancore Kochi

About State Bank of Travancore

State Bank of Travancore was instituted as the Travancore Bank on 12 Sep 1945 under the aegis of the then Maharaja of Travancore. It was the first public sector bank in India to connect its network through satellite in 1994. It was also the first public sector bank to offer automated teller machines (ATMs) in Kerala, also in the same year. To give more impetus to the SSI sector, the bank has decided to open SSI branches even outside its prominent districts in Kerala. It also entered into a new business area through leasing in 1994-95. SBT came with a prompt customer service of Tele-banking for the first time in Pottam branch. Further, the bank proposed to introduce `Anywhere Banking’ by which computerized branches situated in one city can be interconnected so the customer from any of these branches can transact business at any branch within the cluster. As a result, CBS system has been formed interconnecting branches of State Bank of Travancore.

State Bank of Travancore rests in the heart of Kochi, the commercial capital of Kerela. The city is also known to be the major online trading centre in the country, thanks to the strongest financial support obtained from the Government of India in coordination with the banking sector including State Bank of Travancore . Moreover, the city is also recognized as one of the seventeen major industrial cities of India by the World Bank, as a Doing Business Group. State Bank of Travancore also offers NRI loans for the aspirants of home loan to acquire an affordable home in India.

Branch Addresses of State Bank of Travancore Kochi

Branch NameComplete AddressIFSCMICRContact Number
Kochi - MattancherryP.B.No.66, Sando Gopalan Road, Koovapadom, Mattancherry.P.O, Ernakulam, Kerala, Pin - 682002SBTR00001406820090150484 2224945/ 0484 2225210
Thoppumpady (ERNAKULAM)P.B.No.843, Shenoy Bhavan, Palluruthy P.O., Ernakulam, Kerala, Pin - 682005 SBTR00001416820090160484 - 2231385 0484 - 2233380
Ernakulam - M.G.RoadP.B.No.3624, Joys Building, M.G.Road, Ernakulam, Kerala, Pin - 682035SBTR000014268200900204842352865 04842371531 04842370054
Ernakulam - BroadwayP.B.No.2537, C.S.I.Shopping Complex Bldg, Menaka P.O., Ernakulam, Kerala, Pin - 682031 SBTR00001436820090030484-2361172/ 0484-2368372/ 0484-2380420
Udyogamandal P.B.No.6, Fact Township, Udyogamandal P.O., Ernakulam, Kerala, Pin - 683501 SBTR00001586820090260484 2547145 (CM) 0484 2545501 0484 2545995
EdappallyP.B.No.1, Masa Buildings, Edappally P.O., Ernakulam, Kerala, Pin - 682024 SBTR00002186820090050484-2334755/ 0484-2332452/ 0484-2344753
Palarivattom (ERNAKULAM)P.B.No.2298, Preethi Buildings, Palarivattom P.O., Ernakulam, Kerala, Pin - 682025 SBTR0000403682009007484 ?/?
Vyttila - Ernakulam P.B.No.7, Preethi Buildings, Vytilla P.O., Ernakulam, Kerala, Pin - 682019SBTR000051768200900904842301387 0484230776 04842306084
Service Branch - ErnakulamP.B.No.3698, 2nd Floor, Kochumangalathu Buildings, Ernakulam College P.O., Ernakulam, Kerala, Pin - 682035SBTR00005796820090010484 2364031
Industrial Finance Branch - ErnakulamP.B. No.3689, Malankara Centre, M.G.Road, College P.O., Ernakulam, Kerala, Pin - 682035 SBTR00006266820090100484 2380454 04842374493 04842355939

Products Offered by State Bank of Travancore Kochi

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 Lakhs9.15% - 11.30%

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
11.00% - 14.00%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
7.20% - 7.90%(i) 0.30% of loan amount with a minimum of ₹ 1000/- and a maximum ₹ 3,000/- .(Service tax extra)

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 companiesNIL2.90% - 6.20%NIL7 days to 10 years

Documents Required at State Bank of Travancore Kochi

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

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

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)

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%