SBI Car Loan Interest Rate, Eligibility, EMI Calculator, best used car loan, vehicle loan, document required, features | Apply for SBI Car Loan online India
SBI Car Loan
State BANK OF India is an Indian multinational public sector and fiancé company founded in 1921. The bank has 14000 branches 191 overseas offices. In 36 countries, it is the largest banking and fiancé company by assets in India.
State Bank of India offers the best car deal for financing your new car. With less paperwork and quick approval.
Features of SBI Car Loan
Attractive and lowest interest rates & EMI
‘On Road Price’ Finance
7 year longest payment Tenure.
Interest calculated on Daily Reducing basis
No Advance EMI
No Foreclosure and Pre payment charges.
Overdraft and Insurance facility available.
Loan available for Multi Utility Vehicle and Super Utility Vehicle also.
Eligibility for SBI Car Loan
- You should be the age of 21 to 65 years..
- You should be a Regular employee of State Govt/Central Govt/PSU/Private Limited/Ltd
- You should be a Professionals / Self Employed / Businessman/proprietor and partnership firm.
- A salaried per Net annual Income of Rs. 2,50,000.00 of Applicant and co-applicant.
- Professionals and self employed Net Profit or Gross Taxable income is Rs. 4 Lakh.
Document Required for SBI Car Loan
|Salaried Person||Non Salaried/Professional/Business|
|2 Passport Size Photograph||2 Passport Size Photograph|
|Valid Identity Proof||Valid Identity Proof|
|Valid Address Proof||Valid Address Proof|
|Latest Salary Slip & Form-16||Last 2 Year ITR|
|ITR Returns||Audited Balance Sheet / P&L A/c|
|Business Establishment Proof
Sales Tax Certificate / SSI Certificate / S Tax No. Etc.
Interest Rate on SBI Car Loan
|Interest Rate for Woman||9.45%|
|Interest Rate of Others||9.50%|
|EMI on Per Lakh||1632.00|
|Processing Fees||Not Applicable|
|Repayment option||Up to 7 Year|
|Loan Limit||Up t 4 Time of Annual Income|
|Finance||100% on Road Price|
Fees and Charges on Car Loan
|Scheme Name||Processing Fees|
|SBI CAR LOAN SCHEME||Nil|
|SBI Combo Loan Scheme||Nil|
|NRI Car Loan||Nil|
|SBI Loyalty Car Loan Scheme||Nil|
|SBI ASSURED CAR LOAN SCHEME||Nil|
|Certified Pre-owned car loan||0.50% of loan amount +ST
Min: Rs. 450 +ST
Max: Rs. 9100 +ST
More Schemes from SBI Car Loan
|Scheme Name||Tenure||Interest rate|
|For Men||For Women|
|SBI Car Loan Scheme||For All Tenure||9.50% p.a.||9.45% p.a.|
|SBI Combo Loan Scheme||For All Tenure||9.50% p.a.||9.45% p.a.|
|NRI Car Loan||For All Tenure||9.50% p.a.||9.45% p.a.|
|Certified Pre-owned car loan||For All Tenure||12.90% p.a.|
|SBI Loyalty Car Loan Scheme||Car Loan, Combo Loan, NRI Car Loan||9.40% p.a.||9.35% p.a.|
|Certified Pre-owned Car Loan Scheme , Used Car Loan Scheme||10.70% p.a.||10.65% p.a.|