State Bank of Bikaner and Jaipur Car Loan

State Bank of Bikaner and Jaipur Car Loan Key Features – Jan 2021

State Bank of Bikaner and Jaipur Car Loan Rate of Interest

7% per annum

Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
Loan up to 90% of On Road Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,524
Minimum Net Monthly Income ₹ 25,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
Processing Fee 0.40% of the principal amount
State Bank of Bikaner and Jaipur Car loan Foreclosure Charges No foreclosure charges
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation

About State Bank of Bikaner and Jaipur Car Loan

State Bank of Bikaner and Jaipur Car Loan

AVAIL THE LOWEST RATE OF INTEREST ON CAR LOAN FROM STATE BANK OF BIKANER & JAIPUR
Click to Apply Online or Call us on 600 11 600

State Bank of Bikaner and Jaipur is an Associate bank of the State Bank of India. At present, the bank has 1037 branches, mostly located in Rajasthan state in India. The other branches are spread over the major business centers of India.

What is State Bank of Bikaner and Jaipur Car Loan?

Cars are the ultimate symbol of liberty, individuality and independence. But the increasing price of vehicles is the major worry. The State Bank of Bikaner and Jaipur Car Loan can help you in getting the right deal for you. The loan offers finance for the vehicle at low interest rates and flexible repayment options.

Documents

Charges

Interest Rate

Advantages of State Bank of Bikaner and Jaipur Car Loan

State Bank of Bikaner and Jaipur Car Loan

Features and Benefits of State Bank of Bikaner and Jaipur Car Loan 

  •  Maximum loan amount is up to 90% of the ex-showroom price of the car
  •  LTV (Loan to value) of up to 90% of the ex-showroom price of car
  •  Repayment period ranges from 1 to 5 years
  •  We offer extremely quick service
  •  Minimum loan amount is Rs 1 lakh, and maximum Loan amount depends upon the price of car, varies with car model, profile of the customer etc
  •  Loans are approved within 24 hours after the documentation process
  •  Prepayment is allowed after 6 months from the disbursement of the loan

State Bank of Bikaner and Jaipur Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 25000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

State Bank of Bikaner and Jaipur Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate

7% per annum

Starts@9.65%
Processing fee 0.40% of the principal amount Up to 0.25% (Max Rs. 5,000)
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges No foreclosure charges No foreclosure charges
Penal Interest 2% per month 2% per month
Part Payment charges 3% of the paid amount 3% of the paid amount
Cheque/Instrument Swap Charge NIL NIL
Documentation Charge Rs.1000 per instance Rs.1000 per instance
Issuance of Duplicate No Dues Certificate Charges NIL NIL
Registration Certification Collection Charge NIL NIL
Cheque Bounce/Instrument Return Charges Rs.750 per instance Rs.750 per instance
Issuance of Duplicate Statement Charges Rs. 10 per page Rs.10 per page
Loan Cancellation/Re-booking Charges NIL NIL
Issuance of Credit Report NIL NIL

State Bank of Bikaner and Jaipur Car Loan Documents Required

Documents required for a car loan are as followed:

Salaried Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof(Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof(Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

State Bank of Bikaner and Jaipur Car Loan EMI Calculator

With this State Bank of Bikaner and Jaipur Car Loan interest rate calculator, the applicant has the option to check out the EMI’s before getting a Car Loan. You can easily check through the link below:

Car Loan EMI Calculator

State Bank of Bikaner and Jaipur Car Loan Types

State Bank of Bikaner and Jaipur Car Loan offers different types of car loans to its customers. You can choose any type of loan that works the best for you. It offers the following types of Car Loans:

  1. New Car Loan –  If you wish to buy a new car, you can get State Bank of Bikaner and Jaipur Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you wish to buy a used car, you must choose this scheme of State Bank of Bikaner and Jaipur Car Loan which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – For this type of Car Loan, if you require urgent funds, you can keep your cars as an assurance with the bank.

State Bank of Bikaner and Jaipur Car Loan Interest Rates:

New Car Loan Used Car Loan

7% per annum

16.65%

How to Apply for State Bank of Bikaner and Jaipur Car Loan online?             

  1. Visit Dialabank and fill the form available on the top of the page.
  2. The Dialabank Relationship Manager will get in touch with you.
  3. You will get the right loan and assistance from us.
  4. You can easily Apply For Car Loan through Dialabank and enjoy many benefits.

FAQs for State Bank of Bikaner and Jaipur Car Loan

✅ What is State Bank of Bikaner and Jaipur Car Loan?

State Bank of Bikaner and Jaipur Car Loan is a loan provided for purchasing a new as well as a used car.

✅ How can I get Car Loan from State Bank of Bikaner and Jaipur?

You can get a car loan from State Bank of Bikaner and Jaipur by visiting the nearest branch. You will get satisfaction to apply from anywhere.

✅ How does State Bank of Bikaner and Jaipur Car Loan work?

State Bank of Bikaner and Jaipur car loan interest rates are provided at reasonable rates. You can get a car loan approval faster. State Bank of Bikaner and Jaipur offers a flexible loan tenure period.

✅ What is the State Bank of Bikaner and Jaipur Car Loan Interest Rate?

The car loan interest rate charged by State Bank of Bikaner and Jaipur is starts at

7% per annum

.

✅ How to Check Car Loan status in State Bank of Bikaner and Jaipur?

You must visit the State Bank of Bikaner and Jaipur branch to check your car loan status. You can also use State Bank of Bikaner and Jaipur’s net banking services to check your car loan status.

✅ How to Calculate Car Loan interest in State Bank of Bikaner and Jaipur?

For calculating your car loan interest in State Bank of Bikaner and Jaipur, the following information is required:

  • Loan tenure
  • Rate of interest
  • Loan amount
  • You can calculate car loan interest for Canara Bank through the EMI Calculator.

✅What is the maximum loan amount I can avail myself on Car Loan from State Bank of Bikaner and Jaipur?

You can get a maximum loan amount for a car loan from State Bank of Bikaner and Jaipur up to 90% of On Road Price.

✅ What is the loan tenure of State Bank of Bikaner and Jaipur Car Loan?

The loan tenure duration for a car loan from State Bank of Bikaner and Jaipur ranges from 1 to 7 years.

✅ Can I get 100% Car Loan from State Bank of Bikaner and Jaipur?

You can get loan up to 90% of On Road Price for a car loan from State Bank of Bikaner and Jaipur. To avail a 100% Car loan, you should visit the online platform of Dialabank.

✅ How much processing fee is applicable on State Bank of Bikaner and Jaipur Car Loan?

State Bank of Bikaner and Jaipur charges a processing fee is 0.40% on the principal amount for getting a car loan.

✅ What are the EMI options available on State Bank of Bikaner and Jaipur Car Loan?

Your car loan EMIs are automatically subtracted from your bank account. Also, you can pay your car loan EMI through the net banking services of State Bank of Bikaner and Jaipur.

✅ What are the State Bank of Bikaner and Jaipur Car Loan Prepayment charges?

State Bank of Bikaner and Jaipur do not come with any prepayment charges for availing a car loan.

✅ Can I get a top-up loan on my existing State Bank of Bikaner and Jaipur Car Loan?

Yes, you can get a top-up loan on your existing State Bank of Bikaner and Jaipur Car loan. Dialabank also helps you with the same.

✅ Do I need to provide a guarantor to avail a car loan from State Bank of Bikaner and Jaipur?

Having a guarantor for getting a car loan from State Bank of Bikaner and Jaipur will increase your car loan eligibility.

✅ How to get a State Bank of Bikaner and Jaipur Car Loan Statement?

For getting car loan statement from State Bank of Bikaner and Jaipur, you can use the bank's online portal. You can visit Dialabank online and fill a simple form to get offers.

✅ How to pay State Bank of Bikaner and Jaipur Car Loan interest online?

You can pay your car loan interest through the net -banking services of State Bank of Bikaner and Jaipur. For getting a low-interest car loan, you must visit Dialabank online.

✅ What if I can’t pay the interest on State Bank of Bikaner and Jaipur Car Loan for 3 months?

If you can’t pay the interest on State Bank of Bikaner and Jaipur for Car Loan for 3 months, then it will add up to the outstanding loan amount and repayment charges will be renewed.

✅ How can I apply for EMI Moratorium on State Bank of Bikaner and Jaipur Car Loan?

You can apply for EMI Moratorium on State Bank of Bikaner and Jaipur by visiting the nearby bank branchor you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅ Can I close the State Bank of Bikaner and Jaipur car loan online?

You cannot close your car loan by using the online portal of State Bank of Bikaner and Jaipur. Car Loan can only be closed offline after proper documents verification.

What is the State Bank of Bikaner and Jaipur Car Loan Customer Care Number?

The customer care number of Canara Bank for car loan queries is  9878981166.

✅ How can I get NOC from State Bank of Bikaner and Jaipur for a car loan?

You can get a car loan NOC from State Bank of Bikaner and Jaipur when you clear your car loan amount.

 What is the State Bank of Bikaner and Jaipur Car Loan closure procedure?

  • Just go to the bank with the documents.
  • Write a letter for pre-closure of the State Bank of Bikaner and Jaipur Car Loan account.
  • After paying the pre-closure charges of State Bank of Bikaner and Jaipur Car Loan your account is closed.

✅ What are the State Bank of Bikaner and Jaipur Car Loan preclosure charges?

State Bank of Bikaner and Jaipur Car Loan preclosure charges are zero.

✅ What is the State Bank of Bikaner and Jaipur Car Loan maximum tenure?

The State Bank of Bikaner and Jaipur Car Loan maximum tenure is 7 years.

✅ What is the State Bank of Bikaner and Jaipur Car Loan minimum tenure?

The State Bank of Bikaner and Jaipur Car Loan minimum tenure is 1 year.

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. Indusind Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. ICICI Bank Car Loan
  8. AXIS bank Car Loan
  9. IDBI Car Loan

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