SBI Car Loan

car loan rates

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Features

  • Know your Car loan Eligibility in 1 minute, available online and across all branches.
  • Loan Tenure up to 7 years
  • Highly competitive & Cheapest Interest Rates for Car loans.
  • Special offers, Easy EMIs and nominal charges for SBI Bank account holders.
  • Special Car loan offers* for women employees.

Benefits

  • Simple documentation
  • Instant Approval
  • Car loan disbursal in just 2 days*
  • Transparent procedure
  • Car loans available for various needs

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SBI Bank Car Loan Documents

Simple and easy Documentation for SBI Bank Car loans (though documentation varies from individual to individual). The document requirement is based on your profession, income and loan requirement.

  • Proof of identity: Copy of passport/voter ID card/driving license
  • Last 3 months bank statement/6 months bank passbook
  • Latest salary slip/ current dated salary certificate with the latest Form 16
  • Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport

 

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SBI Bank Car Loan Eligibility Criteria

Regular Income Group: This category includes salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state and local bodies.

Eligibility Criteria:

  • Age:       21-60 years.
  • Employment:       Have had a job for at least 2 years, and a minimum of 1 year with your current employer
  • Earning: Minimum income:  Rs. 15,000/- per month net income

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