SBI Brand Brand New Car Finance Scheme - Personal Banking

SBI Brand Brand New Car Finance Scheme - Personal Banking

SBI Brand Brand New Auto Loan Scheme

SBI provides you with the most useful deal for funding your brand-new vehicle. Cheapest rates of interest, cheapest EMI, minimal documents and fast disbursement.

Salient Features

  • Cheapest Interest Levels & EMI;
  • Longest Repayment Tenure (7 years);
  • Funding on ‘On-Road cost':
  • On-Road price includes Registration, Insurance and Warranty that is extended provider Package/ Annual repair Contract/ price of add-ons.
  • Interest calculated on Daily Reducing Balance;
  • For sale of the latest passenger vehicles, Multi energy automobiles (MUVs) and SUVs.
  • Financing Upto 90% of 'On-road cost'
  • No Advance EMI
  • Optional SBI Term Life Insurance cover available


  • To avail A sbi auto loan, you ought to be an indiv
    Category money Criteria Max. Loan Amount
    Regular workers of Central Public Sector companies (Maharatnas/ Navratnas/ Miniratnas). Defence Salary package (DSP), Para Military wage package (PMSP) & Indian Coastal Guard Package (IGSP) Customers and Short Commissioned Officers of varied Defence establishments. Net Yearly earnings of applicant and/or co-applicant if any, together must be a the least Rs. 3,00,000/-. 48 times of the internet Monthly money.
    Professionals, Self-employed, entrepreneurs, proprietary/partnership companies as well as others who will be tax assesses Net revenue or Gross Taxable earnings of Rs. 3, 00,000/- p.a. (earnings of co-applicant can together be clubbed). 4 times profit that is net Gross Taxable earnings as per ITR after adding straight right back depreciation and payment of all of the current loans.
    Persons involved with agriculture and allied activities. Tax return isn't needed in case there is agriculturists.Read more