State Bank Of India Car Loan
SBI Car Loans: Want to buy a Car but worried about the rising interest rates? Hidden Charges? Not anymore. SBI Car Loans brings you the best deal for financing your new car. The assured finance can be 90% of the On-road price of the Car. The Car Loan scheme offers-
Cheapest Interest rates & EMI
Longest repayment tenure (extending to 7 years)
Financing is based on “on road price”
No advance EMI or pre-closure charges
Interest calculated on daily reducing balance
The Scheme is valid for buyers of new passenger Cars or SUVs & MUVs. You are eligible for the Loan as young as of 21 years. The documentation is simple and completely hassle-free.
| Bank Link | http://www.statebankofindia.com/user.htm |
| Loan Amount | 85% to 90% of on-road price |
| Interest Rate | 10.75% Per Annum |
| Tenure | Up to 84 Months |
| Pre Payment Charges | No pre-payment charges |
Service Charges
Processing Charges: Rs. 500/- per Car Loan Application
| Self | |
|---|---|
| Minimum Age (in yrs.) | 21-65 Years |
| Minimum Income (in Rs.) | Net Annual Income Rs. 600,000/- and above |
| Minimum Work Experience (yrs.) | 3 Years |
| Residence Status (yrs.) | Valid Residence proof |
| Id Proof | Copy of passport /Voters ID card/PAN card |
| Address Proof | Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof |
| DOB Proof | Birth Certificate or 10th Class Passing Certificate |
| Salaried | |
|---|---|
| Minimum Age (in yrs.) | 21-65 Years |
| Minimum Income (in Rs.) | Net Annual Income Rs. 400,000/- and above |
| Minimum Work Experience (yrs.) | 2 Years |
| Residence Status (yrs.) | Valid Residence proof |
| Id Proof | Copy of passport /Voters ID card/PAN card |
| Address Proof | Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof |
| DOB Proof | Birth Certificate or 10th Class Passing Certificate |
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