SBI Brand Brand New Car Finance Scheme — Personal Banking

SBI Brand Brand New Auto Loan Scheme

SBI provides you with the most readily useful deal for funding your brand-new automobile. Cheapest rates of interest, cheapest EMI, 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 repair Contract/ price of Accessories.
  • Interest calculated on Daily Lowering Balance;
  • For sale of brand new passenger cars, Multi energy cars (MUVs) and SUVs.
  • Financing Upto 90% of ‘On-road cost’
  • No Advance EMI
  • Optional SBI Term Life Insurance address available

Eligibility

  • To avail a car that is sbi, you need to be an indiv
    Category money Criteria Max. Loan Amount
    Regular workers 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 must be a minimum of Rs. 3,00,000/-. 48 times during the the web Monthly money.
    Professionals, Self-employed, entrepreneurs, proprietary/partnership businesses among others that are 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 web revenue or Gross Taxable earnings as per ITR after adding right right straight back depreciation and repayment of most current loans.
    Persons involved in agriculture and allied tasks. Tax return is not needed in the event of agriculturists. Net Yearly earnings of applicant and/or co applicant together is no less than Rs. 4, 00,000/-. 3 times during the Web Annual Income.

Papers Required

You will have to submit the documents that are following using the finished form:

Salaried

  • Statement of bank take into account last six months.
  • 2 passport size photographs
  • Evidence of Form 16/ITR is waived for the Salary Package clients that are keeping the Bank to their salary account for minimal 12 months.

Statement of bank-account (For half a year) is waived for the Salary Package clients that are maintaining Salary account with us.

Non-Salaried/ Professional/Businessmen

  • Statement of bank take into account last six months.
  • 2 passport size photographs
  • Evidence of Identity
  • Address Proof
  • Income verification: ITR installment loans in nevada for last 2 years
  • I.T. Returns or Form 16 going back a couple of years.
  • Audited Balance sheet, P&L declaration for just two years, Shop & establishment act certificate / product product product sales taxation certification / SSI registered certificate / content of partnership.

Individual involved with agricultural and allied tasks.

  • Statement of bank take into account final a few months.
  • 2 passport size photographs
  • Evidence of Identity
  • Address Proof
  • Direct activity that is agriculturalcrop cultivation): Khasra/Chitta Adangal (showing cropping pattern) Patta/Khatoni (showing land keeping) with photograph. All land should really be on free hold foundation and ownership evidence to stay the name of debtor.
  • Allied agricultural activity (like Dairy, Poultry, Plantation/ Horticulture) Documentary evidence of operating of this tasks to be prov
Rates Of Interest

7.90% p.a.

*T&C Apply.

9.15% p.a.

*T&C Apply.

Loan amount 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 Using through YONO)

8.65% p.a.

1 to less than 2 12 months year

A couple of years to lower than 36 months

Fast Hyper Hyper Links

Car Finance Squeeze Page

SBI Brand New Car Finance Scheme

Certified Pre Owned Auto Loan

For Existing Mortgage Loan Borrowers

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

For Existing Term Deposit Clients

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

For just two Wheeler as much as Rs. 2.50 Lacs

Conditions And Terms

SBI Rewardz For Car Loan

Green Auto Loan: For Electrical Cars

  • Features
  • Eligibility
  • Conditions and terms
Rates Of Interest

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 year to not as much as 2 year

24 months to lower than three years

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