SBBJ Car Loan Interest Rate

Hello sir I want to apply for Car Loan in State Bank of Bikaner and Jaipura and I am here as I want to know what is the Interest Rate on this Loan so will you please tell me about this??

[Kiran Chandar]

State Bank of Bikaner & Jaipur is an associate bank of State Bank of India. Its branch network out of Rajasthan covers all the major business centers of India.

The Interest Rate on Car Loan of this Bank is 10.50% for Seven Years

Other Information related to this Type of Loan is

Purpose
Purchase of new/old car/jeep, MUV/SUV (old upto 5 years)
Reimbursement of car purchased from own sources within 2 years

Eligibility
Permanent employees, self employed, professionals, businessmen, traders agriculturists Net Annual Income 2, 50,000/-
Income of spouse / father / mother/ brother / sister (any one) can be clubbed, who will join as co-borrower. NMI should be at least 2 times of EMI.

Loan Amount
30 times of Net Monthly Income or 2.5 times Net Annual Income.
No maximum ceiling for new cars
15 lacs for old vehicles.
Margin 15% on road cost.

Repayment
EMI 36-84 months
Repayment to be completed by the time the borrower reaches 70 years

Security
Hypothecation of vehicle purchased
Hyp. Charge noting with RTO
PDCs for EMI

Processing Fee Flat 500/-