Rate of Interest For Car Loan In State Bank Of India

Hii sir, I Wants to Apply for the Car Loan in the State Bank of India Will you Please Provide me the Interest Rates for the Car Loan of the State Bank of india ?

[pawan]

SBI Car Loans are provided for multi utility vehicles, new passenger cars and SUVs. With such a wide variety of options, the SBI car loan scheme becomes a natural choice for an applicant wanting to buy a car of his/her choice.

Features

The State Bank of India car loan comes with no hassles regarding EMIs and gives a customer the lowest EMI payment option possible.

The added advantage is that a customer does not have to pay any advanced EMI while availing a SBI car loan. Customers also have the flexibility of opting to pay their EMIs at any time during the month.

SBI offers the longest repayment tenure with customers selecting periods of up to seven years (84 months) for repayment of their car loans.

State Bank of India does not charge any penalty for pre closure of a car loan.
The bank charges a processing fee of 0.51% of the loan amount, with a minimum requirement of Rs 1020/- up to a maximum of Rs 10200/-.

Customers availing a SBI car loan can also enjoy the benefit of an additional SBI life insurance cover.

Interest Rate

Loan Scheme Name Interest Rates for Men (p.a.) Interest Rates for Women (p.a.)
Car loan 9.25% 9.20%
Combo loan scheme 9.25% 9.20%
Certified pre-owned car loan 12.65% 12.65%
NRI Car Loan 9.25% 9.20%
SBI Assured Car 9.25% 9.20%


Loan Tenure : 1 year to 7 years

For more information you may Contact to the Nearest branch of the State Bank of India