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Old August 6th, 2016, 10:49 AM
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Default State Bank Of India Vehicle Loan

Hello sir, is there any one can provide me detail of interested rate for vehicle loan by State Bank Of India?
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Old August 6th, 2016, 01:23 PM
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Join Date: Nov 2011
Posts: 34,143
Default Re: State Bank Of India Vehicle Loan

SBI provide the best car loan scheme for you. SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.

SBI offers you:

No Advance EMI;
Lowest interest rates ;
Lowest EMI;
LTV 85% of ¯On Road Price¯ of vehicle;
Interest Calculated on Daily Reducing Balance;

You’re probably eligible for an SBI Car Loan if you are:

SBI Car Loan Minimum Age
At least 21 years old

SBI Car Loan Maximum Age
Less than 65 years old

SBI Car Loan Eligible Employment Type
Salaried or self-employedwith regular income

SBI Car Loan Minimum Income
Earn more than the minimumincome required

Your SBI Car Loan amount eligibility is based on these factors:

SBI Car Loan Minimum Salary
Minimum income required Rs.3,00,000 per annum

SBI Car Loan Maximum Loan to Value
Loan capped @ 85% of the ex-showroom price

SBI Car Loan EMI
EMIs of other loans loweryour eligibility

SBI Car Loan Interest Rates:

SBI Car Loan Details
Interest Rate For Women - 9.70%
For Men - 9.75%
Processing Fees Rs. 500 + S.T
Pre Closure Charges Nil
Loan Tenure 1 year to 7 years

SBI Marginal Cost Based Lending Rate (MCLR) for New Borrowers:

Benchmark MCLR rate 9.15%
SBI Car Loan Scheme 9.75% (MCLR + 0.60%)
SBI Combo Loan Scheme 9.75% (MCLR + 0.60%)
NRI Loan Scheme 9.75% (MCLR + 0.60%)
Pre-owned Car Loan 13.15% (MCLR + 4.00%)
Answered By StudyChaCha Member
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