State Bank of Travancore Reduces Interest Rate on Loans


Thiruvananthapuram: State Bank of Travancore (SBT) has reduced the interest rate on loans with effect from December 1, 2016.

Accordingly the interest rates on housing loan, car loan and home loan top ups have come down by 0.15 per cent. During the ongoing ‘loan dhamaka’ campaign processing charge will be fully waived for housing and car loans sanctioned up to December 31, 2016.

The special scheme of Maxgain – housing loan – as overdraft facility also is having reduced interest rate during this period. For people with steady cash flow, Maxgain is a sure shot scheme to save the interest on housing loan.