7 years
Repayment Tenure
Minimum 7.65%
Interest Rate
Upto 90%
Financing of 'On-road Price'




Interest rate varies from 7.65%to 8.35% depending upon the credit score of the Individual
CIC Score 3-5 years Above 5 years
757 & ABOVE 0.25% + 1 Yr MCLR 7.65% 0.35% + 1 Yr MCLR 7.75%
721-756 0.50% + 1 Yr MCLR 7.90% 0.60% + 1 Yr MCL 8.00%
689-720 0.75% + 1 Yr MCLR 8.15% 0.85% + 1 Yr MCLR 8.25%
606-688 0.85% + 1 Yr MCLR 8.25% 0.95% + 1 Yr MCLR 8.35%
-1 7.45% to 7.80%
5 basis points concession for women in the 606-688 CIC Score range
Optional SBI Life Insurance cover available
Interest calculated on Daily Reducing Balance
The verdict
- If you have the proper documents and meet the requirements for the loan, this car loan offered a long tenure and relatively reasonable interest rates.
Rating
How to get
Visit https://sbi.co.in/web/personal-banking/loans/auto-loans/sbi-new-car-loan-scheme
Click Apply Now.
Fill the form & bank agent will contact you.
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