The State Bank of India (SBI) car loan scheme caters to the customers who have already taken car loan from SBI. The finance can be made 100% on the on-road price of vehicle being financed. The persons in the age group of 21-65 are eligible. The repayment period for the SBI car loan is maximum of 7 years. Net Annual Income of applicant and/or co-applicant if any, together should be Rs. 2 lakh.
| Scheme | Interest Rate w.e.f. 01.03.2018 (1-year MCLR: 8.15%) | |||
| i) SBI Car Loan, ii) NRI Car Loan, iii) Combo Loan Scheme, iv) Assured Car Loan Scheme, v) SME Retail Car Loan Scheme (excluding Taxi, Transport Operators and fleet segments in SME) | From 8.90% to 9.40% | |||
| Loyalty Car Loan Scheme | SBI Car Loan, NRI Car Loan and Combo Loan Scheme | For Men: 1.15% above 1 year MCLR i.e. 9.30% p.a. | ||
| For Women: 1.10% above 1 year MCLR i.e. 9.25% p.a. | ||||
| Certified Pre-owned Car Loan Scheme | Men: 2.45% above 1 year MCLR i.e. 10.60% p.a. | |||
| For Women: 2.40% above 1 year MCLR i.e. 10.55% p.a. | ||||
| Certified Pre-owned Car Loan Scheme | 4.65% above 1 year MCLR i.e. 12.80% p.a. | |||
| Super Bike Loan Scheme | 3.65% above 1 year MCLR i.e. 11.80% p.a. | |||
| SBI Two-Wheeler Loan | 9.25% above 1 year MCLR i.e. 17.40% p.a. | |||
| SBI Car Loan Lite | CIBIL Score | Rate of Interest | ||
| >=750 | 3% above 2 Yr MCLR i.e. 11.25% p.a. | |||
| From 650 to 749 | 4% above 2 Yr MCLR i.e. 12.25% p.a. | |||
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
