| State Bank of Hyderabad Car Loan |
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| Introduction |
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| State bank of Hyderabad offers loan for the purchase of new passenger cars, jeeps, multi utility vehicles (MUVs) and SUVs. For the loan above Rs 6 lakh, 30% repayment is to be done in 7 years. However there is an option for repayment in a shorter tenure, preferably with a check off facility in case of salaried persons. Bank takes security hypothecation of vehicle & Guarantee of spouse, if his/her income has been taken into account for computing the eligibility criteria of loan amount. Normally securities in the form of surrender value of LIC policy, NSCs, units of UTI, Deposits with our Bank, SBI Magnums, gold or any other security are acceptable by the bank for grant of advance so as to cover at least 35% of the loan amount. There is no processing fee attached to the car loans of the bank. The insurance is comprehensively insured for the market value. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 85
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Min. - Rs 50000
Max. - Rs 85
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| Tenure |
Min. - 12 Yrs.
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Min. - 12 Yrs.
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| Interest Rate |
10.5 % |
14.75 % |
| Time to Process Loan |
7 days |
7 days |
| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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