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SBI Auto Loans
SBI Car Loans offer low interest rates, easy repayment options, total
transparency, no processing charges, finance to include vehicle registration
charges, insurance and one time road tax.
In case of new cars, loan is provided on any make or model. In case of old cars
too, the loan is provided on any make or model, but the vehicle should not be
more than 5 years old.
Eligibility Criteria for State Bank of India Car Loan
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The individual should be between 21-65 years of age.
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He / She should be a permanent employee of State/Central Government, Public
Sector Undertaking, Private company or a reputed establishment or
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A Professional or self-employed individual who is an income tax payee or
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A Person engaged in agriculture and allied activities
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His / Her net annual income must be at least Rs. 75000.
Loan Amount
The maximum limit of car loan is subject to your re-paying capacity. A maximum
loan amount of 2.5 times the net annual income can be sanctioned. If married,
your spouse's income could also be considered provided the spouse guarantees
the loan. The loan amount includes finance for one-time road tax, registration
and insurance.
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