SBI New Auto Loan Scheme – Personal Banking

SBI New Auto Loan Scheme – Personal Banking

SBI Brand New Car Finance Scheme

SBI provides you with the most readily useful deal for financing the new automobile. Cheapest interest levels, EMI that is lowest, minimal documents and fast disbursement.

Salient Features

  • Cheapest Rates Of Interest & EMI;
  • Longest Repayment Tenure (7 years);
  • Funding on ‘On-Road cost’:
  • On-Road price includes Registration, Insurance and extensive Warranty/ Total provider Package/ Annual repair Contract/ price of add-ons.
  • Interest calculated on Daily Lowering Balance;
  • To buy of brand new passenger vehicles, Multi energy cars (MUVs) and SUVs.
  • Financing Upto 90% of ‘On-road cost’
  • No Advance EMI
  • Optional SBI Term Life Insurance address available


  • To avail a car that is sbi, you ought to be an indiv
    Category money Criteria Max. Loan Amount
    Regular employees of Central Public Sector companies (Maharatnas/ Navratnas/ Miniratnas). Defence Salary package (DSP), Para Military income package (PMSP) & Indian Coastal Guard Package (IGSP) Customers and Short Commissioned Officers of varied Defence establishments. Net Yearly earnings of applicant and/or co-applicant if any, together ought to be no less than Rs. 3,00,000/-. 48 times of the web Monthly money.
    Professionals, Self-employed, Businessmen, proprietary/partnership organizations yet others that are tax assesses Net revenue or Gross Taxable earnings of Rs. 3, 00,000/- p.a. (income of co-applicant can together be clubbed). 4 times web revenue or Gross Taxable earnings as per ITR after adding right straight back depreciation and payment of all of the current loans.
    Persons involved with agriculture and allied tasks.Continue reading