SBI Car Loan Interest Rate 2014

SBI Car Loan Interest rate 2014: State Bank of India (SBI) offering Car loan with lowest interest rate in 2014 for Central government Employees, Central Public Sector Undertakings, Defence,Paramilitary Forces, Railway and State Government Employees who have salary package accounts with SBI.

SBI car loan interest rates ,emi and other application form charges (Updated 2014):

1.Interest rate : 10.75%

2.Application form charges: 500 rupees

3.Present EMI : 1699 rupees (Per lac for 7 years period @ 10.75%).

4.Maximum loan period: 7 years.

Who are eligible for SBI Car loan ?

Central/Defence/Public sector/State government employees are highly eligible for sbi car loan.

Other than these peoples,SBI also offering this loan for private job salaried,professionals and Self employees.But they need to submit income tax proof and other document.

What is the SBI personal loan interest rate 2014 ?

SBI personal loan interest rate 2014 is 10.75 %.It’s totally depends on the bank base points, at present SBI charging 10.75% interest rate.

What is SBI Car loan EMI ?

Latest SBI car loan EMI is 1699 rupees (Per lac for 7 years period @ 10.75%).

What are the documents required for SBI Car loan ?

These documents may be vary from one to another person based on the profession.See the details listed below clearly.

For Government /Private salaried employees :

Defence/Central government/State government/Private salaried applicants should submit following documents to apply online  for SBI car loan

1. Application form duly filled by the borrower.

2. Proof of identity (Photocopies of PAN/Passport/Driver’s License, Voter ID card)

3. Proof of Residence (photo copies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)

4. Statement of Bank account for last 6 months held by the applicant

5. Latest Salary slip.

6. Copy of identity card issued by the employer.

7. Form 16 or IT Returns for the last 2 year

For self employees/professionals/Business persons:

1. Photocopies of IT Returns/Assessment orders for the last 2 years.

2. Balance sheet and Profit and Loss A/c for the last three years

3. Proof of business address.

4. Business proof

5.Residence proof and Identity card

How to apply online for SBI Car loan ?

Interested and eligible candidates,who want to get car loan from state bank of India, they must apply online at SBI official website.

https://www.sbi.co.in/car/index.htm is the SBI car loan application form online link,where you can submit  and trace application form status.

SBI Life Insurance

SBI Life realizes the same and brings to your Money back guarantee. SBI Life Insurance is offering different policies with Protection Plans,Savings Plans, Unit Linked Plans, Child Plans, Pension Plans ,Health Plans and Group Plans. SBI Life offers a wide range of services like Premium Calculator,Insurance Calculator,Tax Calculator,Child Education Planner,HLV Calculator,Retirement Calculator and Easy Plan Finder.SBI Life Insurance online payment process explained clearly in the previous article.(Read here)

SBI Life Insurance Plans:

Protection Plans

Savings Plans

Unit Linked Plans

Child Plan

Pension Plans

Health Plans

Group Plans

SBI Life – Smart Income Shield Insurance ,SBI Life – Saral Shield, SBI Life – Smart Shield and SBI Life – Swadhan plans will come under Protection plans.

SBI Life – Smart Performer,SBI Life – Unit Plus Super,SBI Life – Saral Maha Anand,SBI Life – Smart Elite,SBI Life – Smart Scholar,SBI Life – Smart Horizon and SBI Life – Smart Wealth Assure plans will come under Unit linked Insurance.

SBI Life -Smart Income Protect,SBI Life – Smart Money Back Insurance,SBI Life – Flexi Smart Insurance,SBI Life – Sanjeevan Supreme
SBI Life – Shubh Nivesh and SBI Life – Saral Life plans listed under saving plans.

For more SBI Life Insurance plans visit here

SBI Life Insurance Online Payment

SBI Life Insurance Online Payment will accept at www.sbilife.co.in.This is the official website for SBI Insurance plans,Premium & Pension plans.SBI offering many money back pension services to their customers.There are more than 10 methods available to make payment for SBI Life Insurance in online mode & as well as off line mode.

Direct Remit at SBI Life branch

Online Payment of premium through SBI Life Web Site

Using Post & courier services.

Direct Debit from the SBI bank Account

Pay in online by using your Credit card

Online Payment at www.sbilife.co.in

Pay in ATM by following instructions

Payment through www.visabillpay.com

Finally you need to pay in 2 modes

1.Online

2. Offline

SBI Life Insurance payment in online:Login to www.sbilife.co.in and use any of State bank of India Group banks Creditcard or Debit card and pay the amount

SBI Life Insurance payment in offline:ATM/Courier/Post and Directly paying at any of SBI Life Insurance branches across various cities in India.You need to fill SBI Life insurance Challan form to pay the money.

If you have an SBI Credit card or debit card,then it’s very easy to pay Life insurance payment.SBI is offering many services like Car loan, Home loan, Credit card (SBI Card), Education Loan and Home loan.

SBI Car Loan-Eligibility,Interest Rate,Emi Calculator and Documents

SBI Car Loan:

Get Full Information on SBI Car Loan Eligibility,Documents Required,Application form,Interest Rate,EMI Calculator and Latest New Schemes.

SBI offering Cal loans with low interest rates and processing fees.There is no upper limit for Car loan,it’s depends on your 4 times of Net Annual Income or 48 times of Net Monthly Income.

NRI’s and Indians can apply for Car loans at State Bank of India.This scheme applicable for  new car, jeep,MUV of any model by non individuals. Free Accident insurance,Lowest interest rates,repayment tenurs 7 years and no advenced EMI are the some of best SBI Car loan features.

SBI Car Loan Interest rate is 10.75% per year at base rate of 9.75 percent. SBI Launched a New Car loan scheme with minimal processing fee and emi’s,this offer valid till first quarter of 2013.In case of NRI’s the interest rate is 10.50% only.

SBI Car Loan Eligibility:

1.Age must be between 21 to 60 years

2.Applicants must be employee of State / Central Government/Private Company/Software company/ Public Sector Undertaking etc.

3.Applicant’s income per year should me more than Rs. 2.5 lakhs or at least get Rs.22000 per month

4.Professionals,proprietary,Business owners,self employees,Engineers,Doctors and even medium class peoples can apply for this loan.

SBI Car Loan Interest rates :

SBI Car loan interest rate for Indians is 10.75 percent and for NRI’s it’s bit of low i.e 10.50%.SBI Car loan emi calculator available at State Bank of India official website and calculate monthly EMI rate.

SBI Car Loan Documents required: 

1.Residency Proof and Identity Card like passport /voters ID card/PAN card

2.Last 6 Months SBI Bank Statement

3.two recent pass port  photographs

4.Salary slip for employs and income tax statement for self employees

SBI Car loan Repayment:

Applicants use the best repayment service of  longest repayment period in the industry as 84 months.

SBI announced the new car loan schemes,valid till 2013 with lowest interest rates and minimum processing fee at Rs.510 rupees only.