State Bank Of Hyderabad Used Car Loans

I need to know more about Car Loan Scheme For Used Car offer by State Bank Of Hyderabad, so that I can have idea?

[pawan]

I would like to tell you that State Bank Of Hyderabad is now State Bank of India and here I will get details of Car Loan Scheme For Used Car.

Eligibility
To avail an SBI Car Loan, you should be:

Individual between the age of 21-65 years of age.

A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or

A Professionals or self-employed individual who is an income tax assessee or

Person engaged in Agricultural and allied activities.

Documents required
Statement of Bank account of the borrower for last 6 months.
2 passport size photographs of borrower(s).
Signature identification from bankers of borrower(s).
A copy of passport /voters ID card/PAN card.
Proof of residence.
Latest salary-slip showing all deductions
I.T. Returns/Form 16: 2 years for salaried employees and 3 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable to be submitted.
Proof of official address for non-salaried individuals

Margin
15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax and accessories).

Benefits
No Advance EMI;
Longest repayment tenure (7 years);
Lowest interest rates ;
Lowest EMI;

[pawan]

LTV 85% of On Road Price of car (includes registration, insurance and cost of accessories worth Rs 25000),
Interest Calculated on Daily Reducing Balance;
Flexibility of payment of EMI anytime during the month;
Low pre-payment penalty, only 2%;
Low processing fee (only 0.51% of loan amount);
Optional SBI Life cover

Address:-
State Bank of India
18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211