SBI Brand New Car Finance Scheme – Personal Banking

SBI Brand Brand New Car Finance Scheme

SBI gives you the most readily useful deal for funding 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 Warranty that is extended provider Package/ Annual Maintenance Contract/ price of add-ons.
  • Interest calculated on Daily Reducing Balance;
  • For sale of the latest passenger vehicles, Multi energy cars (MUVs) and SUVs.
  • Financing Upto 90% of ‘On-road cost’
  • No Advance EMI
  • Optional SBI Life Insurance Coverage cover available

Eligibility

  • To avail A sbi auto loan, you need 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 should really be a the least Rs. 3,00,000/-. 48 times during the the web Monthly money.
    Professionals, Self-employed, entrepreneurs, proprietary/partnership companies as well as others who will be tax assesses Net revenue or Gross Taxable earnings of Rs. 3, 00,000/- p.a. (earnings of co-applicant can be clubbed together). 4 times profit that is net Gross Taxable income as per ITR after adding straight straight back depreciation and repayment of most current loans.
    Persons involved in agriculture and allied activities. Tax return isn’t needed in the event of agriculturists. Net Yearly earnings of applicant and/or co applicant together ought to be a the least Rs. 4, 00,000/-. 3 times of Web Annual Income.

Papers Required

You would have to submit the documents that are following using the finished application:

Salaried

  • Statement of bank account fully for final six months.
  • 2 passport size photographs
  • Evidence of Form 16/ITR is waived for the Salary Package clients who will be keeping the Bank to their salary account for minimal year.

Statement of bank-account (For 6 months) is waived for our Salary Package clients who will be keeping Salary account with us.

Non-Salaried/ Professional/Businessmen

  • Statement of bank take into account final a few months.
  • 2 passport size photographs
  • Evidence of Identity
  • Address Proof
  • Income verification: ITR for final 2 years
  • I.T. Returns or Form 16 for the past two years.
  • Audited Balance sheet, P&L declaration for just two years, Shop & establishment act certificate / sales income tax certification / SSI registered certificate copy that is/ of.

Individual involved in agricultural and allied activities.

  • Statement of bank take into account last half a year.
  • 2 passport size photographs
  • Evidence of Identity
  • Address Proof
  • Direct agricultural task (crop cultivation): Khasra/Chitta Adangal (showing cropping pattern) Patta/Khatoni (showing land keeping) with picture. All land ought to be on free hold foundation and ownership evidence to be in the true title of debtor.
  • Allied activity that is agriculturallike Dairy, Poultry, Plantation/ Horticulture) Documentary evidence of operating of this tasks to be prov
Interest Levels

7.90% p.a.

*T&C Apply.

9.15% p.a.

*T&C Apply.

Loan quantity as much as Rs. 3 lakhs

8.85% p.a.

Rs. 3 lakhs & as much as Rs. 5 lakhs

Begin With

10.50% p.a.

3.25% p.a.

3.00% p.a.

3.50% p.a.

3.00% p.a.

Above Rs. 1 lakh

10.20% p.a.

Upto Rs.7.50 lakh

10.20% p.a.

Above Rs.7.50 lakh

8.40% p.a.

(On Using through YONO)

8.65% p.a.

1 to less than 2 12 months year

24 months to lower than 36 months

Quick Hyper Hyper Links

Car Finance Squeeze Page

SBI Brand Brand New Auto Loan Scheme

Certified Pre Owned Car Finance

For Existing Mortgage Borrowers

For Two-wheeler loan of Rs. 2.50 Lacs & Above

For Existing Term Deposit Customers

For pro & Self Employed/Businessmen having No earnings Proof ( Maximum Loan Rs. 4.00 Lacs)

For Two Wheeler as much as Rs. 2.50 Lacs

Stipulations

SBI Rewardz For Car Finance

Green Auto Loan: For Electrical Cars

  • Features
  • Eligibility
  • Conditions and terms

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Interest Levels

7.90% p.a.

*T&C Apply.

9.15% p.a.

*T&C Apply.

Loan quantity as much as Rs. 3 lakhs

8.85% p.a.

Rs. 3 lakhs & as much as Rs. 5 lakhs

Begin From

10.50% p.a.

3.25% p.a.

3.00% p.a.

3.50% p.a.

3.00% p.a.

Above Rs. 1 lakh

10.20% p.a.

Upto Rs.7.50 lakh

10.20% p.a.

Above Rs.7.50 lakh

8.40% p.a.

(On Applying through YONO)

8.65% p.a.

1 12 months to not as much as 2 year

A couple of years to significantly less than three years

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