SBBJ Auto Loan

Hi I would like to have the details like the qualification criteria, documents required and the rate of interest for the car loan which is offered by State Bank of Bikaner and Jaipur?

[Rajkumar Agarwal]

State Bank of Bikaner and Jaipur has its sources going back to 1943 when the Bank of Jaipur Ltd. what's more, the Bank of Bikaner Ltd. appeared.

The auto credit offered by SBBJ accompanies add up to straightforwardness and appealing terms, for example, low financing costs and simple reimbursement residencies. Clients can decide on a SBBJ advance to purchase new and utilized four wheelers including jeeps, MUC and SUVs. Utilized autos up to 5 years are considered.

Qualification Criteria

Age no less than 21 and under 70

Salaried workers and retired people procuring a base net yearly pay of Rs. 3 lakhs

Agriculturists with a base net yearly salary of Rs. 4 lakhs

Records

KYC-PAN, address and ID evidence

Salary verification, bank proclamation and one photo

Expenses and Charges

Preclosure charge = 0

Documentation expected to apply for a State Bank of Bikaner and Jaipur Car Loan

1. Marked application frame with photo

2. Living arrangement confirmation

3. Picture ID and age confirmation

4. Most recent 6 months bank explanation

5. Documentation for salaried candidates:

Most recent 3 months compensation – slips

Shape 16 or Income Tax Returns

6. Documentation for independently employed candidates:

Most recent 3 years Income Tax Returns with calculation of Income

Most recent 3 years CA Certified/Audited Balance Sheet and Profit and Loss Account

SBBJ Bank Car Loan Interest Rate
The current Base Rate offered by SBBJ is 9.95% effective from 18/06/2015.

Type of vehicle Interest rate Base Rate Total Interest
New cars 0.15% 9.95% 10.10%
Used cars upto 3 years old 6.25% 9.95% 16.20%