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State Bank Of Travancore

Before applying for a home loan, you need to make sure you are eligible in order to avoid rejections that might inadvertently hurt your credit score. Also, you need to compare and contrast the different home loan offers in the market to land the best deal with the lowest interest rate as applicable to you credit profile.

Why do people buy house? Pride of ownership is the foremost reason why people yearn to own their home. if you are one among those, read on!

The decision to buy your dream home should be backed by sound financial planning rather than it being an emotional decision. Many banks and NBFC’s offer home loans at attractive terms and rates, to suit various budgets and enable people of all strata to buy their own home.

Interest rate for home loans in India starts from 8–9 % onwards and are influenced by a variety of factors. Even a 0.05 % reduction in interest rate could help you save thousands of rupees in the long run. Be cautious and don't jump at the first offer you get. Shop around for the best rates.

State Bank of Travancore Home Loan Overview

Whether you are looking for a property, or wish to construct your own house, you could perhaps consider State Bank of Travancore Home Loans. Home loan interest rates in State Bank of Travancore are competitive. Some of the features and benefits include:

  • Flexible repayment tenure
  • AttractiveState Bank of Travancore home loan interest rate
  • Pre-approved offers and preferential State Bank of Travancore home loan interest ratefor existing customers
  • Hassle-free documentation and speedy approvals

Loans can be availed for the following purpose:

  • Purchase of new / old dwelling unit.
  • Construction of house.
  • Purchase of plot of land for construction of a house.
  • Repaying a loan already taken from other Housing Finance Company / Bank.
  • State Bank of Travancore Home Loan Eligibility

    • You must be salaried, govt. or private employee, or self-employed with a regular source of income
    • Individuals either singly or jointly with family members can apply.

    State Bank of Travancore Home Loan Interest Rate 2018: Starting from 10.25% p.a. – subject to periodic review

    State Bank of Travancore home loan interest rate is influenced by a variety of factors, including loan amount, your net income, your repayment history, internal State Bank of Travancore loan assessment parameters. ForState Bank of Travancore current home loan interest rate, It is best to contact the bank directly.

    Note: The above interest rates and other charges are subject to periodic review. The final pricing will be based on your income, loan amount, loan tenure, and the bank’s internal policies and the applicable rates at the specific time.

    How to calculate Interest/EMI on State Bank of Travancore Home Loan

    Using a Home Loan EMI calculator takes the guesswork out of figuring out what kind of loan you can afford. There is no need to manually calculate the cost of different loan products offered by various lenders. It is quick, simple, accurate, and you need to know only three things when using the home loan calculator: the loan amount, the interest rate and the tenure. The Home Loan calculator will do the hard number crunching and present you with a breakup of the EMI amount. The whole process of calculating your EMI only takes a few minutes.

    You can use CreditMantri’s Home Loan EMI calculator to calculate the exact amount that you will need to pay on a monthly basis provided that you enter all the amounts correctly. The tool will show you a detailed break up that includes the amount borrowed, the amount of interest payable and the processing fee. Using an EMI calculator will help you gauge an understanding of the actual amounts involved in an EMI.

    State Bank of Travancore Home Loan FAQs

    Who is eligible to avail a home loan from State Bank of Travancore?

    You are eligible for a loan if you are an Indian citizen and are salaried / self- employed professional/ businessman.

    What is the maximum loan term that I can avail by taking a home loan from State Bank of Travancore?

    State Bank of Travancore offers flexible loan tenures, up to 15 years. The term for the loan will under no circumstances exceed the age of retirement.

    Is there a prepayment charge?

    You can make a full payment or a part payment towards paying off your loan before your tenure. For the charges, it is best to contact the bank directly.

    Does my property need to be insured?

    Property insurance is mandatory in order to protect your property against uncertainties like earthquake, fire or any damage and destruction due to natural and man-made calamities, during the tenure of the loan.

    State Bank of Travancore Home Loan Status

    Once you submit your application with your complete contact details and employment history, a State Bank of Travancore representative will collect the required documents from you. Upon the successful verification of your documents, and if you are found eligible, State Bank of Travancore will make a loan offer.

    You can check your State Bank of Travancore Home Loan status by contacting your branch and referencing the application number. You can also contact State Bank of Travancore customer care for help with tracking your application.

    How to Apply for State Bank of Travancore Home Loan

    You can check your eligibility and apply for a home loan by signing up with CreditMantri. It is quick, simple and above all, free.

    CreditMantri matches your credit and demographic profile to the lender's lending criteria and presents you a shortlist of only those lenders willing to lend to you based on your unique credit profile. In effect, we prescreen your application to make sure you are likely to qualify as per the lender’s credit criteria. Hence the chances of your home loan application getting approved is higher.

    Click here to sign up and apply for loans and credit cards, the CreditMantri way!

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