State Bank of Hyderabad Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

State Bank of Hyderabad Car Loan Key Features

State Bank of Hyderabad Car Loan Interest Rate [email protected]%
Min Loan Amount NIL
Max Loan Amount
(Loan to Value)
Loan up to 90% of Ex-showroom Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,591
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 30 years to 65 years
Types of Cars For All New Passenger Cars, Jeeps, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee Up to 0.25% (Max. Rs. 5,000)
Foreclosure Charges NIL
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About State Bank of Hyderabad Car Loan

State Bank of Hyderabad is one of the five corporate banks of the State Bank of India. It has 2000 branches all over the country. It has a wide variety of loan products.

State Bank of Hyderabad provides Car Loans at affordable rates of interest to the consumer for buying their dream car, it can be new or second hand. This loan has convenience in which you can get a car loan with 700 credit/CIBIL score.

Advantages of State Bank of Hyderabad Car Loan

State Bank of Hyderabad Car Loan

State Bank of Hyderabad Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 20,000
  • 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 Hyderabad Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate [email protected]% [email protected]%
Processing fee Up to 0.25% (Max. Rs. 5,000) NIL
Issuance of Duplicate Repayment Schedule Charges NIL NIL
Foreclosure Charges NIL NIL
Penal Interest 2% per month 2% per month
Part Payment charges NIL NIL
Cheque/Instrument Swap Charge Rs.250 per instance Rs.250 per instance
Documentation Charge NIL NIL
Issuance of Duplicate No Dues Certificate Charges NIL NIL
Registration Certification Collection Charge NIL NIL
Cheque Bounce/Instrument Return Charges Rs.250 per instance Rs.250 per instance
Issuance of Duplicate Statement Charges NIL NIL
Loan Cancellation/Re-booking Charges NIL NIL
Issuance of Credit Report NIL NIL

State Bank of Hyderabad Car Loan Documents Required

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 Hyderabad Car Loan EMI Calculator

The applicant has the choice to know the EMI’s of a Car Loan in advance. An applier can easily check through the link below:

Car Loan EMI Calculator

State Bank of Hyderabad Car Loan Types

State Bank of Hyderabad provides different types of car loans to its customers. You have the option of choosing the offer according to your need. It avails the following types of Car Loans:

  1. New Car Loan –  If you wish to buy a new car, this is the scheme for you. You can avail a car loan from State Bank of Hyderabad of a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to buy a used car, you have a choice which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose this scheme if you need urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.

State Bank of Hyderabad Car Loan Pre Calculated EMI

How to Apply for State Bank of Hyderabad Car Loan?

  1. Visit Dialabank and fill a form.        state bank of hyderabad car loan
  2. Our Relationship Manager who will guide you throughout the processing of a car loan.
  3. You can compare different offers from banks and opt for the one which suits your needs.
  4. So, you can easily apply for a Car Loan through Dialabank and enjoy best offers.

State Bank of Hyderabad Car Loan for Top Selling Cars

Other Available Products from State Bank of Hyderabad

State Bank of Hyderabad Personal Loan State Bank of Hyderabad Gold Loan State Bank of Hyderabad Home Loan
State Bank of Hyderabad Credit Card State Bank of Hyderabad Two Wheeler Loan State Bank of Hyderabad Education Loan

FAQs for State Bank of Hyderabad Car Loan

✅ What is State Bank Of Hyderabad Car Loan?

State Bank of Hyderabad Car Loan is a car loan offer to you for buying a car either new or used.

✅ How can I get Car Loan from State Bank of Hyderabad?

You can get a car loan from State Bank of Hyderabad by visiting the nearest branch of State Bank of Hyderabad or you can submit a form with Dialabank. You will get satisfaction to apply from anywhere.

✅How does State Bank of Hyderabad Car Loan work?

State Bank of Hyderabad offers car loan at attractive interest rates. You can get a car loan easily and quickly. State Bank of Hyderabad provides car loans for all types of cars and also provides flexible loan tenure duration.

✅What is the Car Loan Interest Rate in State Bank of Hyderabad?

The interest rate in State Bank of Hyderabad for a car loan starts at 7.35%.

✅How to Check Car Loan status in State Bank of Hyderabad?

You must visit the State Bank of Hyderabad branch to examine your car loan status. Also, use the net-banking page of State Bank of Hyderabad to check your loan status.

✅How to calculate Car Loan interest in State Bank of Hyderabad?

For the calculation of your car loan interest in State Bank of Hyderabad, you must know the given information:

  • Loan amount
  • Interest rate
  • Loan tenure

Also, you can calculate your car loan interest for State Bank of Hyderabad through the EMI Calculator.

✅What is the maximum loan amount I can avail on Car Loan from State Bank of Hyderabad?

The maximum loan amount for a car loan from State Bank of Hyderabad is up to 90% funding of Ex-showroom price.

✅What is the loan tenure of State Bank of Hyderabad Car Loan?

The loan tenure period for a car loan from State Bank of Hyderabad ranges between 1 to 7 years.

✅Can I get 100% Car Loan from State Bank of Hyderabad?

You can get loan up to 90% of Ex-showroom Price for a car loan from State Bank of Hyderabad. To avail a 100% Car loan, you must visit the online platform of Dialabank.

✅How much processing fee is applicable on State Bank of Hyderabad Car Loan?

The processing fee charged by State Bank of Hyderabad is up to 0.25% or Maximum Rs. 5,000 for getting a car loan.

✅What are the EMI options available on State Bank of Hyderabad Car Loan?

The options available on State Bank of Hyderabad Car Loan are Step-up EMI  and Balloon EMI.

✅What are the charges for Prepayment in State Bank of Hyderabad Car Loan?

There is no prepayment charges for State Bank of Hyderabad for availing a car loan.

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

Yes, you can get a top-up loan on your existing State Bank of Hyderabad car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

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

Yes, you can provide a guarantor for getting a car loan from State Bank of Hyderabad. It will increase your car loan eligibility.

✅How to get State Bank of Hyderabad Car Loan Statement?

For getting a car loan statement of State Bank of Hyderabad, you can use State Bank of Hyderabad’s mobile banking app.

✅How to pay State Bank of Hyderabad Car Loan interest online?

You can pay your car loan interest through the net -banking services of State Bank of Hyderabad. If you want a low-interest car loan, you must visit Dialabank online.

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

If you can’t pay the interest on State Bank of Hyderabad Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will redraft.

✅How can I apply for EMI Moratorium on State Bank of Hyderabad Car Loan?

You can apply for EMI Moratorium on State Bank of Hyderabad through visiting the nearby branch of State Bank of Hyderabad or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅What is the number for State Bank of Hyderabad Car Loan agent?

The number for State Bank of Hyderabad Car Loan agent is 1800-425-4055.

✅Can I close State Bank of Hyderabad car loan online?

You can close your car loan from State Bank of Hyderabad by using the net-banking page of State Bank of Hyderabad. You have to log in with your details on the net -banking page and pay your car loan.

✅What is State Bank of Hyderabad Car Loan Customer Care Number?

The customer care number of State Bank of Hyderabad for car loan queries is 1800-425-1825.

✅How can I get NOC from State Bank of Hyderabad for a car loan?

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

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