होम  »  बैंकिंग  »  Loans  »  Car Loan  »  SBI Car Loan

SBI Car Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
SBI New Car Loan Scheme 9.30% -9.80%, Floating 0 - 7 Years
Details
Documents Required

For Salaried Individuals

  • Duly filled in application form along with 2 passport sized photographs
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • PAN Card
  • Statement of bank account for the last 6 months
  • Income Proof Details – Form 16 for last 2 years, Latest Salary Slip for 3 months

For individuals engaged in Agricultural and Allied Activities

  • Duly filled in application form along with 2 passport sized photographs
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • PAN Card
  • Statement of bank account for the last 6 months
  • Income Proof Details – Direct Agricultural activity (crop cultivation), Khasra/Chitta Adangal (shows the cropping pattern), Patta/Khatoni which shows the landholding with a photograph.
  • All the land should be on freehold basis and the ownership proof should be in the name of the borrower.

For Non-Salaried/ Businessmen/ Professionals

  • Duly filled in application form along with 2 passport sized photographs
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • PAN Card
  • Statement of bank account for the last 6 months
  • Income Proof Details –Income Tax Returns for the last 6 months
  • Business Proof Details – Audited Balance Sheet, Profit and loss account statement for the last 2 years, SSI registered certificate, Shop and Establishment Act Certificate, Sales Tax Certificate, Copy of partnership.
Benefits

  • Longest repayment period (up to 7 years)
  • Get loan amount on the road price
  • No advance equated monthly instalments
  • Lowest Interest Rates
  • Lowest Equated monthly instalments
  • SBI Life Insurance coverage is available on an optional basis
Eligibility

  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant should be 65 years
  • The applicant should be a resident Indian.

The applicants should fall under the below-mentioned categories to secure the loan

Category Income Criteria Maximum Loan Amount  
Should be a regular employee in State/ Central Government or Private Company or Public Sector Undertaking or a reputed establishment Net Annual Income of the applicant and or the co-applicant if any should be minimum of Rs 2,50,000 48 times of total Net Monthly Income  
If the applicant is engaged in agricultural and related activities Net Annual Income of the applicant and or co-applicant together should be minimum of Rs 4,00,000 3 times the Net Annual Income  
Professionals, self-employed, Businessmen, Partnership/Proprietary firms who are income tax assesses Net Profit or Gross Taxable Income of Rs 3,00,000 per annum (in this case, the income of the co-applicant can be clubbed together) 4 times the Net Profit or Gross Taxable Income as per the Income Tax Regulations after adding back depreciation amount and repayment of all existing loans.  
Other Details

  • If the net annual income is up to Rs 10 lakhs then get financing of up to 90% of On-road Price.
  • If the net annual income is more than Rs 10 lakhs then get financing of up to 90% of On-road Price.
SBI Two Wheeler Loans 9.30%-9.80%, Floating 0 - 3 Years
Details
Documents Required

  • Duly filled in application form along with 2 passport sized photographs
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Signature identification from bankers of the borrower.
  • PAN Card
  • Statement of bank account for the last 6 months
  • Income Proof Details – Form 16 for last 2 years which is duly acknowledged by the Income Tax Office for Professionals, self-employed and others, Latest Salary Slip for 3 months
  • Latest salary slip which shows all the deductions
  • TDS Certificate
Benefits

  • No Advance EMI is charged
  • Lowest equated monthly instalments
  • Lowest interest rates
  • The interest amount is calculated on daily reducing balance
  • Free accidental insurance is available
  • Optional SBI life cover is also available
Eligibility

  • The minimum age of the applicant should be 21 years
  • The maximum age of the applicant should be 65 years
  • The applicant can be the permanent employee working in the state or central government, private company, public sector undertaking, or reputed organization
  • The applicant can also be a self-employed individual who is an income tax assesses as per the Income Tax Act of 1961
  • The applicant can also be engaged in agricultural and allied activities
  • The minimum net annual income of the applicant should be Rs 75000 (for regular diesel/petrol/gas operated scooters and motorcycles)
  • The minimum net annual income of the applicant should be Rs 60000 (for mopeds and battery operated two wheelers)
Other Details

  • The loan amount is restricted to 6 times the net monthly income for salaried individuals
  • The loan amount is restricted to half of the net annual income for self-employed
  • Loan amount should be arrived based on the nature of the activity (cropping pattern, annual yield, dairy poultry, farming, orchards) in case of agriculturists
  • The Processing Fees is Nil for two-wheeler loan, but if the loan amount is up to Rs 600000 then a processing fee of Rs 1000+GST charges will be levied as processing fee
  • If the loan amount is above Rs 600000, then Rs 1500+GST charges will be levied as processing fee
तुरंत पाएं न्यूज अपडेट
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X