#1
25th December 2017, 04:10 PM
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State Bank Of India Auto Loan
I need some information about New Car/ Auto Loan Scheme of State Bank of India, so that I can go through it?
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#2
26th December 2017, 12:03 PM
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Re: State Bank Of India Auto Loan
As per your demand I will let you know more about State Bank of India, New Car/ Auto Loan Scheme so that you can have idea. Features Lowest Interest Rates & EMI; Longest Repayment Tenure (7 years); Financing on On-Road price': On-Road price includes Registration, Insurance and Extended Warranty/ Total Service Package/ Annual Maintenance Contract/ Cost of Accessories Interest calculated on Daily Reducing Balance; No Pre-Payment Penalty or Foreclosure Charges; No Advance EMI; We also reimburse finance for the cars purchased out of your own funds at rate of interest applicable to New Car Financing: Car should not be more than 3 month old Optional SBI Life Insurance cover available; Overdraft facility available. Eligibility To avail an SBI Car Loan, you should be an individual aged 21 to 65 years, belonging to one of the following 3 categories: Category 1 Regular employee of State / Central Government, Public Sector Undertaking, Private Company or a reputed establishment. Income Criteria Max. Loan Amount Net Annual Income of applicant and/or co-applicant if any, together should be a minimum of Rs. 2,50,000/- 48 times of the Net Monthly Income Category 2 Person engaged in agricultural and allied activities. Income Criteria Max. Loan Amount Net Annual income of applicant and/or co applicant together should be a minimum of Rs. 4,00,000/- 3 times of Net Annual Category 3 Professionals, self-employed, businessmen, proprietary/partnership firms who are income tax assesses. Income Criteria Max. Loan Amount Net Profit or Gross Taxable income of Rs. 4,00,000/- p.a. (income of co-applicant can be clubbed together) 4 times Net Profit or Gross Taxable income as per ITR after adding back depreciation and repayment of all existing loans New Car/ Auto loan scheme Address:- State Bank of India 18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange Phone:- 1800425-3800 |