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Interest Rate

9.3% Per Annum

Processing Fee


Tenure Range

1-7 years

Fees & charges:

  • Preclosure Fee - NIL


  • Nationality- NIL 
  • Age - 21-65 years 
  • Yearly Income - 3 Lakhs (Salaried), 4 Lakhs (employed)

Features & Benefits:

  • Service at your door-step 
  • Enjoy Part-payment facility
  • Customers can enjoy E-approval
  • Avail Top-up loan facility 
  • No need for the guarantor

Documents Required:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Income Proof:

  • Last 2 years IT returns 
  • Income computation certificates by CA for last 2 years 
  • Bank statement for last 6 months
  • Turnover Proof -  Service Tax Returns/ latest sales

Short Description:

SBI Bank Car Loan is on the top of the list for providing car loans in India. The most attractive features of lowest interest rate in the industry make it as a unique car loan among the customers without the need of the guarantor.

Bank Description:

SBI is largest public sector bank in India and it is on the top when it comes of building trust among the Indians. Its 24,000+ branches and 59,000+ ATMs all over the nation caters different services like Loans, saving and deposit account, mutual funds and much more. SBI Bank Car Loan provides about 90% finance for the on-road price of the car.