SBI Car Loan

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Buy your dream Car

Rates as low as 8.75%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

APPLY NOW AND GET GUARANTEED LOWEST EMIs FOR YOUR SBI CAR LOAN

About SBI Car Loan

SBI Car Loan

Nowadays cars have become the ultimate symbol of liberty, individuality, and independence. But the major concern is the escalating price of cars which has simply gone beyond the reach of the common masses.

In this situation, the person thinks to avail a loan for purchasing the car. SBI Car Loan is financial assistance offered to people for buying a car. This loan offers the flexibility to buy a car of any make and model.

SBI Car Loan Interest Rates

Interest Rate
New CarLess than 3 lacs10.25%
3-6 lacs9.50%
6-10 lacs9.25%
10-20 lacs9.00%
More than 20 lacs8.70%
Used Car14.00%
Features and Benefits of SBI Car Loan
  1. Affordable EMIs
  2. Simple and Hassle free process
  3. Easy to pay back
  4. Flexibility of payment
  5. Speedy Approval in 4 hours
  6. Minimum Documentation
  7. Attractive Interest Rates
Eligibility for SBI Car Loan
  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: For Salaried 1 year in current employment and minimum 2 years of employment / For Self- Employed at least 3 years in business
  4. Minimum Annual Income: For Salaried Rs 84000 net annual income / For Self- Employed Rs. 72,000/- p.a.
  5. Telephone: Must at the residence.
Documentation for SBI Car Loan
  1. Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License ( Laminated, Recent, Legible)
  2. Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
  4. Bank Statement: Last 6 months

About SBI

State Bank of India (SBI) has its headquarters in Mumbai. It is a multinational financial and banking service association. It deals with a consumer loan, insurance, corporate banking and many more. It is featured in the top 10 brands of India according to the survey conducted by Brand Finance.

How to Apply?

Apply online on www.dialabank.com

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Kotak Mahindra Car Loan
  3. Yes Bank Car Loan
  4. Axis Bank Car Loan
  5. Canara Bank Car Loan
  6. Indusind Bank Car Loan
  7. Others

Q1. What is a car loan?

A car loan is borrowing money that a lender such as a bank or non-banking financial company provides an individual allowing purchasing a car. With the increased popularity of car loans, most banks and NBFCs offers the loan individuals who have a good credit history.

Q2.  A loan to purchase a used car

Yes, a car loan is offered for pre-used cars. The interest rate for a used car would differ from a new car. The loan would only cover the price of the car itself, other costs as the transfer of registration, etc. will have to borne by you.

Q4. The benefits of applying for a car loan with Dialabank

When you apply for a car loan with Dialabank, we provide you with all available options based on the information you provide us. You get the complete list of lenders who, suit your specific requirement you can compare the various loan options based on tenure, interest rate, maximum loan amount.

Q5. What is the maximum amount of loan that I can avail?

The maximum loan amount is up to 90-95% of the ex-showroom price of the car on new cars and 80-85% on used cars.

Q7. What is the tenure of a car loan?

The tenure of a car loan ranges from 1 year to 7 years. The shorter the car loan tenure, the higher is the EMI payable and the reverse is true for longer car loan tenures.

Used Car Loan EMI CalculatorSIP Calculator
EMI CalculatorSIP Calculator

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Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.

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