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.

 

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  1. Respected
    Sir
    Mai berozgar hu mera kuchh job nahi hai. Parantu 1000000 lakh mis deposit hai . Kya mujhe sbi se Scorpio for wheeler gadi finance ho sakta hai?
    Plese how to do sbi finance us?

  2. A very informative article , thanks for sharing . The Indian automobile is growing fast.In this scenario car loans are one of the most popular loan segments for a bank. SBI is best for car loans ..http://saverable.com/car-loan

  3. Hi,

    This is Ravikumar. I have HDFC account at AP. i want car loan. my salary 46k.
    Monthly what amount I should pay?

    thanks

  4. I asked loan for amount 3 lakhs
    But they refused..
    I Also working in state govt. Sector. .

  5. I AM HAVING SBI SAVINGS ACCOUNT FOR THE LAST 2 DECADES ALSO MY SALARY GOES TO SBI MAINS TEZPUR. MY GROSS SALARY GOES TO RS.60,000 +PM. I WANT CAR LOAN RS. 450,000/- OR 4,00,000/- . WHAT EMI I HAVE TO PAY AS SUCH. CAN U INTIMATE PL.

  6. I want to apply for car loan.I want to know the rate of interest and monthly emi for rs 100000 .

    • Then those of us that we’re disadcharged with VA Service-Connected Disadabiladity Ratading should have the right to use Base Hosadpiadtals intsead of being forced to live with what the VA does or does not have fundading for, where Base Hosadpiadtals are not run by budadgetading restraints. I would gladly pay a loan fundading fee for the abiladity to be seen on a Miladiadtary base and not whomever the VA could hire or retain as an employee this month. I would add in the BX/PX privadeledges as I know a lot of VA Rated Soldier’s are not entiadtled too, but my I.D. Card never expires, so I can not speak for those that are being not recievading those benadeadfits and accordading to your arguadment should be for it to be equal across the board. Facts are, I wish we were all treated at least as good as someadone on weladfare (no disadreadspect as if it is used right, it is a good sysadtem), but they get unlimadited healthadcare within a reaadsonadable disadtance to where they live, while Vetaderadans in my area have a 3-hour jouradney in each direcadtion if the need Speadcialty Services.

  7. I am in job my anuual income 3 lakh per year. I want a car loan 5 lakh rupees. Give me gud suggestion??

  8. Amit R. Paranjape :

    I am a Practising Advocate, I desire to purchase a new Maruti Suzuki swift which is costing approx. Rs 6,00,000/-. I have paid my income-tax regularly. I want to know that can I get a car loan? if yes, upto what limit I would get the car loan and on what will be the rate of interest. Kindly confirm the same as early as possible.

  9. I have SBI SB account at Kochi
    I want to a car Loan,
    Monthly what amount I should pay?
    My Incom is Rs.30000/- p.m.

  10. Machhindra shinde :

    I want to apply for car loan.i am staying I cuncolim goa I want to know the rate of interest and monthly emi for rs 500000 also want to know the % of loam issuance.

  11. I wan’t car loan

  12. Nayanita Bharadwaj :

    Hi,
    I have a SBI saving account at Chandigarh and I want to avail Auto loan. I am self employed and my husband is in service under a reputed MNC.
    My query is am I eligible for a car loan from SBI?