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State Bank Of Tranvancore

State Bank of Tranvancore  is the Premier bank in Kerala with 554 branches and has  54 years of dedicated service with 671    branches spanning 14 states of  India.

The Bank has a total business over 153.13 billion and NRI business over 46 billion.It has a history of uninterrupted profits and every THIRD remittance to the state from the Middle East  is to SBT. The Bank has exclusively 3 branches dedicated for NRIs with 49 NRI divisions/cells.

Technological Excellence :

  Connectivity to SWIFT

  Connectivity to NICNET and Internet


   First Indian bank in the State to install ATMs.

  Rapid strides in computerisation; large number of branches fully- computerised.

  Tele - banking facilities in branches

  First Public Sector Bank  in Kerala to provide Online Account Browsing facility to the customers


International Connections :

  List of Exchange Companies in the Middle East having rupee drawing arrangement with SBT.

  City Exchange LLC, Dubai (Managed By SBT)

City Exchange LLC., Dubai, managed by our Bank, has arrangement to transfer funds to your accounts in 60 of our branches in Kerala through .  Credit will be effected on the next working day.  The list of the 60 branches is provided.

(The City Exchange LLC, Dubai (Citex) managed by SBT officials and operating from Dubai, Offers Fast, inexpensive and innovative remittance facilities)

 Bahrain Exchange Company, Kuwait

         Bahrain Financing Company, Manama, Bahrain

         Bahrain India International Exchange Company, Bahrain

         Emirates India International Exchange, Dubai

         Kuwait India International Exchange Company, Kuwai

         Mustafa & Jawad Exchange Company, Oman

      Oman & UAE Exchange Centre & Co. LLC, Oman

         U A E Exchange Centre, Abu Dhabi

Social Banking

  336 Social circles provide selfless community service

  18 years of award winning performance in Blood donation

  Anti - narcotic measures

  co-friendly smoke - free offices

Housing Loans Check List for Applicant

1.  Purpose

For construction, purchase/repair/renovation/alteration of a house or for purchase of a plot for the construction of a house for self occupation on return to India.

2.   Persons Eligible 

  1. All Non Resident Indians holding Indian Passports with a regular monthly income

  2. Spouses of Non-Residents, who are residents jointly with the non-resident Indian.

3.    Amount of Loan

36 times the Net Monthly Income (NMI) / Average Monthly Income (AMI). However, the repayment obligation is restricted to Maximum 50% of the Net Monthly Income. Maximum amount of the loan is Rs. 25 Lacs.

4.    Margin

20% of the total cost - to be remitted from abroad or transferred from funds in NRE/FCNR/NRNR/NRO A/c.

5.    Interest

Upto Rs. 2 lacs  12.00% 
Rs. 2,00,001 to Rs. 5 lacs 13.00% 
Above Rs. 5 lacs to Rs. 10 lacs 13.25% 
Above Rs. 10 lacs to Rs. 15 lacs 13.50%
Above Rs. 15 lacs  13.75%


Linked to our Prime Term Lending Rate (at present 12%) and subject to change

6.    Disbursement

  1. Construction of new building.
    In three stages, 30%. 40% and 30% of the loan amount. The last installment will be disbursed three or four weeks prior to the completion of the building.
  2. Outright purchase 100% to the seller, after payment of the margin by the applicant.
  3. Purchase of plot and construction of the building.
    The loan component for purchase of the plot will be only 30 % of the total project coat.

7.    Repayment


180 months including the repayment holiday of a maximum of 18 months. Repayment will begin on completion of the house or 18 months from the disbursement of the first installment of the loan, whichever is earlier. Repayment will be through remittance from abroad or transfer from NRE/FCNR/NRNR/NRO A/c. Rental income if any received should go towards repayment of loan. Repayment can be from local sources after returning to India permanently.

8.    Security

Mortgage of property by deposit of title deeds.


9. Processing Charge

Limit upto Rs.25,000/- Nil
Limits above Rs.25,000 to Rs. 2 lacs 0.5% of the loan amount (Max. Rs.500/-)
Limits above Rs.2 lacs 0.5% of the loan amount


10.   Insurance

Insurance is to be arranged for the total cost of the building.

11. Papers to be Submitted to Bank

In addition to the application form (in duplicate) two copies of the passport and two passport size photographs, the following papers are to be submitted to the Bank.

   11.1   Proof of Income
   (a)   In the case of salaried persons:

  1. Salary certificate showing deductions in case of employees
  2. Average monthly remittance into NRE A/c. in case of others.
  3. Authorisation to deduct monthly installments from NRE/NRO A/c.

    11.2    Documents to be submitted for construction/improvement of houses

  1. A copy of the plan inclusive of site plan approved by the Corporation/Municipality /Development Authority /Panchayat as required.
  2. A copy of the building permit issued by the Corporation/ Municipality/ Panchayat as required. In areas where building permit is not required a no Objection Certificate from the authority concerned.
  3. Estimate approved by an official not below the rank of Asst. Executive Engineer (Civil) / Registered Architect.
  4. Original and prior title deeds
  5. Latest tax receipts
  6. Possession certificate
  7. Encumbrance certificate from the Sub Registrar for the last 15 years.
  8. Title clear certificate from Bank's approved advocate
  9. Valuation report from the Bank's approved valuator.

    11.3    Documents to be submitted for purchase of House/Flats

  1. A copy of the agreement for sale
  2. A copy of the Title deeds of the present owner
  3. A copy of the land tax receipt
  4. A copy of the building tax receipt
  5. Encumbrance certificate from the Sub Registrar for the last 15 years.
  6. Title clear certificate from the Bank's approved advocate.
  7. Valuation report of the property and building from the Bank's approved valuator.

After the sale deed is executed, the original deed along with fresh encumbrance certificate and possession certificate should be submitted.
For purchase of plot alone all the documents shown in 11.3 except item No. iv is to be submitted.
IV. After availment of the loan, encumbrance certificate for four months after the date of mortgage is to be produced.

At the State Bank of Travancore we take extra care to build your dreams into reality. Like the NRI Housing Loans scheme. Providing unmatched support through easy terms and adequate finances.

  • 15 years payback period.
  • Low interest rates.
  • Funds upto Rs.25 lacs.
  • On new structures, outright purchase or even for repairs & renovations.

For further details : www.sbtr.com


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