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.