State Bank of Travancore, is a subsidiary of the State Bank Group and also has private share-holders.

It is the premier bank of Kerala, India

It provides Housing Loan for construction, purchase/ repair/ renovation/ alteration of a house or for purchase of a plot for the construction of a house, with or without bank finance.

Eligibility
All Resident with regular monthly income with a minimum NMI of Rs. 12,000/- and Non-Resident Indians with a regular monthly income with a minimum NMI Rs. 15,000/-.

Spouses of Non-Residents, who are residents and receiving regular monthly income

Minimum age of 18 years with a steady source of income

The age should be such that the borrower is able to close the account before he attains the age of 70.

No. of Co-Borrowers
Maximum three (including spouse / children / parents/siblings)

Loan Amount
Maximum loan of Rs 500.00 lacs
Project cost less margin
Loan amount based on EMI/NMI
Loan to Value Ratio
Whichever is lower

Margin
Upto Rs. 75.00 lacs - 20%
Above Rs. 75 lacs -25%

Housing Loan Interest Rate
Limit up to and inclusive of Rs 75 lakhs
9.95 %p.a

Limit above Rs75 lakhs
0.25% above base rate presently10.20 %


Head Office
State Bank of Travancore
P.B. No. 34, Poojapura,
Thiruvananthapuram - 695012
Phone: +91 471 2192009,
Fax: +91 471 2351877