State Bank of India • car Loan
Check My EligibilitySBI New Car Loan
Interest Rate7.5% p.a.
Loan Limit₹1 Lakh - ₹1 Crore
Max Tenure7 Years (84 mos)
Lending Guidelines
Minimum Age21 Years
Maximum Age70 Years
Minimum Credit Score700
Minimum Monthly Income₹30,000
Processing Fees0.25% + ₹1,500
Target Profiles
salariedself employedbusiness owner
Key Features
- Finance up to 90% of on-road price
- Interest on daily reducing balance
- Optional SBI Life insurance
Required Documents Checklist
- PAN Card
- Aadhaar Card
- Income Proof
- Car Quotation from Dealer