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
-
All Non Resident Indians holding Indian Passports with
a regular monthly income
-
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
- 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.
- Outright purchase 100% to the seller, after
payment of the margin by the applicant.
- 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
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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. |
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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:
- Salary certificate showing deductions in case of
employees
- Average monthly remittance into NRE A/c. in case of others.
-
Authorisation to deduct monthly installments from NRE/NRO A/c.
11.2 Documents to be
submitted for construction/improvement of houses
- A copy of the plan inclusive of site plan
approved by the Corporation/Municipality /Development Authority /Panchayat as required.
- 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.
- Estimate approved by an official not below the rank of Asst.
Executive Engineer (Civil) / Registered Architect.
- Original and prior title deeds
- Latest tax receipts
- Possession certificate
- Encumbrance certificate from the Sub Registrar for the last 15
years.
- Title clear certificate from Bank's approved
advocate
- Valuation report from the Bank's approved valuator.
11.3 Documents to be
submitted for purchase of House/Flats
- A copy of the agreement for sale
- A copy of the Title deeds of the present owner
- A copy of the land tax receipt
- A copy of the building tax receipt
- Encumbrance certificate from the Sub Registrar for the last 15
years.
- Title clear certificate from the Bank's approved advocate.
- 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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