SBI offers you the best deal for financing your new car. Lowest interest rates, lowest EMI, minimal paperwork and quick disbursement.
Purpose For purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs.
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:
Salient 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;
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.
Repayment
You can enjoy the longest repayment period in the industry with us: 84 months.
Interest
Processing Fee
Security
As per Bank's extant instructions.