COMPARE : CAR LOANS
State Bank of India Car Loan
Introduction
SBI car loan scheme has been designed to help you in purchasing your dream car. Bank charges low interest rates, and gives you easy repayment options. Bank maintains total transparency. Amount includes vehicle registration charges, insurance, one-time road tax and accessories as per conditions.
Highlights
  New Car Used Car
Loan Type Term Loan Term Loan
Ex-Showroom/On Road On Road On Road
Loan Amount There is no maximum loan amount for a new car loan. A maximum loan amount of 48 times of Net Monthly Income or 4 times of Net Annual Income can be sanctioned. Maximum Loan amount allowed is 2.5 times of net annual income.
Tenure Min. - 12 months.
Max. - 84 months.
Min. - 36 months.
Max. - 84 months.
Interest Rate 10.95 % 17.5 %
Time to Process Loan 4 days 7 days
Preferred Manufacturers Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota
 Fees & charges
 Special Offers
 Eligibility Criteria
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