| State Bank of India Car Loan |
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| Introduction |
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| 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. |
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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 |
Ex-Showroom |
| Loan Amount |
Loan Amount : Maximum Loan amount will be 2.5 times of net annual income.
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Maximum allowable loan amount is Rs 15 lakhs.
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| Tenure |
Min. - 12 months.
Max. - 84 months.
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Min. - 36 months.
Max. - 84 months.
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| Interest Rate |
11.25 % |
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 |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Pre-Payment Charges |
2 % |
2 % |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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| Comment on Charges |
Processing Charges-0.50% ( waived till 31/12/2011)
Margin - 15% |
Processing charges: 0.50%, Margin -15% |
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Special Offers
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Special Privileges |
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| New Car |
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The interest for second and third years will be 10% and thereafter the interest will be a floating one depending on the prevailing rate. |
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| New Car |
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The interest for second and third years will be 10% and thereafter the interest will be a floating one depending on the prevailing rate. |
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Eligibility Criteria
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Eligibility Criteria
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Salaried
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Salaried:
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| Income |
Rs 12000 |
| Age |
Min.: 21 Yrs. Max.: 58 Yrs. |
| Current Employment Years |
1 Yrs. |
| Total Employment Years |
2 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Self Employed
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Self Employed:
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| Income |
Rs 10000 |
| Age |
Min.: 21 Yrs. Max.: 65 Yrs. |
| Total Employment Years |
3 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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