State Bank of Hyderabad Car Loan

State Bank of Hyderabad Car Loan Key Features – Jan 2021

State Bank of Hyderabad Car Loan Interest Rate

7% per annum

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 Instant Car Loan 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 a 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 – Should be a minimum of 21 years old and should not exceed 60 years.
Net Monthly Income – Rs.25000 is the base criteria.
Employment Duration – At least one year
Income Eligibility – Form 16
Self-Employed Individuals Age – 21-70 years of age
Minimum ITR  – Rs. 4 lakh
Employment Duration – 3 years(minimum)
Income Eligibility –  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 must be associated with at least six months.
Average Quarterly Balance – Rs.5000
Maximum Loan Amount – 3 times

State Bank of Hyderabad Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
Interest Rate

7% per annum

   14.80% p.a. to 16.80% p.a.
Processing fee 0.50%(minimum Rs.1500) 0.50%(minimum Rs.1500)
Issuance of Duplicate Repayment Schedule Charges Above Rs.350 Above Rs.350
Foreclosure Charges Nil Nil
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Above Rs.350 Above Rs.350
Documentation Charge Above Rs.350 Above Rs.350
Issuance of Duplicate No Dues Certificate Charges Above Rs.350 Above Rs.350
Registration Certification Collection Charge Above Rs.150 Above Rs.150
Cheque Bounce/Instrument Return Charges Above Rs.350 Above Rs.350
Issuance of Duplicate Statement Charges Above Rs.350 Above Rs.350
Loan Cancellation/Re-booking Charges Nil Nil
Issuance of Credit Report Above Rs.50 Above Rs.50

State Bank of Hyderabad Car Loan Documents Required

Documents required for a car loan are as followed:

Salaried Individual

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

Self-Employed Individuals

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

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 two years
Bank Statement Bank statement of last three 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 (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 two years
Bank Statement Bank statement of last three 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

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 of a car loan from the 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 that 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.
  2. Our Relationship Manager 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 Car Loan through Dialabank and enjoy the 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 the 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 a Car Loan from the State Bank of Hyderabad?

You can get a car loan from the 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 attractive car loan 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 the State Bank of Hyderabad for a car loan starts at

7% per annum

.

✅ 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 the 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 Rate 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 the State Bank of Hyderabad through the EMI Calculator.

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

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

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

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

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

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

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

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

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

The options available on the 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 are no prepayment charges for the 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 myself of a car loan from the State Bank of Hyderabad?

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

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

For getting a car loan statement from the 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 the 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 the State Bank of Hyderabad Car Loan for 3 months?

If you can’t pay the interest on the 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 the EMI Moratorium on State Bank of Hyderabad Car Loan?

You can apply for EMI Moratorium on State Bank of Hyderabad by 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 the State Bank of Hyderabad Car Loan agent?

The number for the State Bank of Hyderabad Car Loan agent is 9878981166.

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

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

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

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

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

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

✅ What is the State Bank of Hyderabad Car Loan closure procedure?

  • Just go to the bank with the Car Loan Documentation Required.
  • Write a letter for pre-closure of the State Bank of Hyderabad Car Loan account.
  • Pay the pre-closure charges as per State Bank of Hyderabad Car Loan.

✅ What is the State Bank of Hyderabad Car Loan preclosure charges?

State Bank of Hyderabad Car Loan preclosure charges are nil.

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

The State Bank of Hyderabad Car Loan maximum tenure is 7 years.

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

The State Bank of Hyderabad Car Loan minimum tenure is 1 year.

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