car loan

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A car adds smoothness and luxury to life, and it is an Auto Loan that helps a person to purchase a vehicle in easy installments. This loan offers finance to people and helps people in acquiring the vehicle. The loan can be used to buy a new or old vehicle.

Documents Eligibility Features Charges Interest Rate


Why should one choose SBI Car Loan in Erode?


  • One can buy any vehicle of any model and brand.
  • This Loan helps to convert the dream of having a vehicle in reality.
  • It helps the person to pay for the vehicle in installments.
  • There is no need to pay the whole sum straight away.


About Erode:

Erode is a city that is located on the banks of Kaveri River in the state of Tamil Nadu in India. It serves as  the administrative headquarters of Erode District.  It is popular for hand loom and power loom textile products and also referred as “Loom City” or “turmeric City”.


Interest Charges for SBI Car Loan


New Car Loan Interest Rate (Reducing) Used Car Loan  Interest Rate (Reducing)

0.45% above Base Rate

( 10.45% p.a.)

7.25% above Base Rate for 3 Years
7.50% above Base Rate above 3 Years


Special Note: SBI Bank do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.


Other Leading Auto Loan Providers in Erode (Click to Apply)
Axis Bank Car Loan HDFC Car  Loan PNB Car Loan Other Banks






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