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

Eligibility

  • 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. Net Yearly earnings of applicant and/or co applicant together must certanly be no less than Rs. 4, 00,000/-. 3 times during the Web Annual Income.

Papers Required

You will have to submit the documents that are following aided by press tids site the finished application:

Salaried

  • Statement of bank take into account final six months.
  • 2 passport size photographs
  • Evidence of Form 16/ITR is waived for the Salary Package customers who’re keeping the Bank to their salary account for minimal year.

Statement of bank-account (For 6 months) is waived for the Salary Package clients who will be keeping Salary account with us.

Non-Salaried/ Professional/Businessmen

  • Statement of bank account fully for final six months.
  • 2 passport size photographs
  • Evidence of Identity
  • Address Proof
  • Income verification: ITR for final two years
  • I.T. Returns or Form 16 for the past 24 months.
  • Audited Balance sheet, P&L declaration for 2 years, Shop & establishment act certificate / product sales income tax certification / SSI registered certificate copy that is/ of.

Individual involved with allied and agricultural tasks.

  • Statement of bank account fully for final half a year.
  • 2 passport size photographs
  • Proof Identity
  • Address Proof
  • Direct agricultural task (crop cultivation): Khasra/Chitta Adangal (showing cropping pattern) Patta/Khatoni (showing land keeping) with picture. All land should always be on free hold foundation and ownership evidence to stay the title of debtor.
  • Allied agricultural activity (like Dairy, Poultry, Plantation/ Horticulture) Documentary proof operating for the tasks to be prov
Rates Of Interest

7.90% p.a.

*T&C Apply.

9.15% p.a.

*T&C Apply.

Loan quantity as much as Rs. 3 lakhs

8.85% p.a.

Rs. 3 lakhs & as much as Rs. 5 lakhs

Begin From

10.50% p.a.

3.25% p.a.

3.00% p.a.

3.50% p.a.

3.00% p.a.

Above Rs. 1 lakh

10.20% p.a.

Upto Rs.7.50 lakh

10.20% p.a.

Above Rs.7.50 lakh

8.40% p.a.

(On Applying through YONO)

8.65% p.a.

1 to less than 2 12 months year

24 months to not as much as 36 months

Fast Hyper Links

Car Loan Website Landing Page

SBI Brand Brand New Auto Loan Scheme

Certified Pre Owned Auto Loan

For Existing Mortgage Loan Borrowers

For Two-wheeler loan of Rs. 2.50 Lacs & Above

For Existing Term Deposit Clients

For pro & Self Employed/Businessmen having No earnings Proof ( Maximum Loan Rs. 4.00 Lacs)

For just two Wheeler up to Rs. 2.50 Lacs

Conditions And Terms

SBI Rewardz For Car Loan

Green Car Loan: For Electrical Cars

  • Features
  • Eligibility
  • Conditions and terms
Interest Levels

7.90% p.a.

*T&C Apply.

9.15% p.a.

*T&C Apply.

Loan quantity as much as Rs. 3 lakhs

8.85% p.a.

Rs. 3 lakhs & as much as Rs. 5 lakhs

Begin From

10.50% p.a.

3.25% p.a.

3.00% p.a.

3.50% p.a.

3.00% p.a.

Above Rs. 1 lakh

10.20% p.a.

Upto Rs.7.50 lakh

10.20% p.a.

Above Rs.7.50 lakh

8.40% p.a.

(On Using through YONO)

8.65% p.a.

1 12 months to lower than 2 year

24 months to lower than 36 months

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