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SBI New Car Loan Scheme

Low rates, EMIs, paperwork and easy disbursement.

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7 years
Repayment Tenure

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Minimum 7.65%
Interest Rate

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Upto 90%
Financing of 'On-road Price'

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Copy of Copy of Copy of Copy of Copy of Carousel Instagram Post Red and Blue Tones 3d Elem
Copy of Copy of Copy of Copy of Copy of Carousel Instagram Post Red and Blue Tones 3d Elem
Copy of Copy of Copy of Copy of Copy of Carousel Instagram Post Red and Blue Tones 3d Elem
Copy of Copy of Copy of Copy of Copy of Carousel Instagram Post Red and Blue Tones 3d Elem

  • 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

average rating is 4.5 out of 5

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