State Bank of Indore Car Loan

State Bank of Indore Car Loan Key Features – Jan 2021

About State Bank of Indore Car Loan

State Bank of Indore (Indore Bank) was a government-owned Indian bank and the largest of State Bank of India’s (SBI) six associate bank subsidiaries.

State Bank of Indore provides Instant Car Loan at attractive rates of interest to the consumer for buying their dream car whether new or second hand. It is an easily available loan that can be procured by anyone even by ones who have a slightly low credit/CIBIL score.

Advantages of State Bank of Indore Car Loan

State Bank of Indore Car Loan Eligibility

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

State Bank of Indore Car Loan Documents Required

Documents required for a car loan are as followed:

Salaried Individual

Self-Employed Individuals

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

2. Private Limited/Limited Companies

State Bank of Indore Car Loan EMI Calculator

The applicant has the option to know the EMI’s before availing of a Car Loan. Thus, you can easily check through the link below:

Car Loan EMI Calculator

State Bank of Indore Car Loan Types

State Bank of Indore offers different types of car loans to its customers. You have the option of choosing the offer which suits your need the best. It offers the following types of Car Loans:

1. New Car Loan –  Those who wish to buy a new car, this is the scheme for you. You can take the State Bank of Indore 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 then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
3. Loan Against Car – You can opt for this scheme if you require 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 Indore Car Loan Pre Calculated EMI

How to Apply for State Bank of Indore Car Loan?

1. Visit Dialabank and fill a form.
2. Wait for a call from our Relationship Manager who will guide you throughout the process.
3. You can compare different offers from banks and choose the one which suits your needs.
4. Thus, easily Apply For Car Loan through Dialabank and enjoy the best offers.

State Bank of Indore Car Loan for Top Selling Cars

Other Available Products from State Bank of Indore

FAQs for State Bank of Indore Car Loan

✅ What is the State Bank of Indore Car Loan?

State Bank of Indore car loan is the loan sum provided to its customers by the bank for a new or used car.

✅ How can I get a Car Loan from the State Bank of Indore?

1. Visit Dialabank and fill a form.
2. Wait for a call from our Relationship Manager who will guide you throughout the process.
3. You can compare different offers from banks and choose the one which suits your needs.
4. Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.

✅ How does State Bank of Indore Car Loan work?

When you will apply for a car loan, then you will get a call from our representative and then, there will a document verification process. Then, the loan amount will be credited to your account.

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

The car loan interest rate in the State Bank of Indore is 7.50% only.

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

You can track your car loan status online on the Car loan status website.

✅ How to Calculate Car Loan Interest in State Bank of Indore?

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

You can prepay/foreclose your State Bank of Indore Car Loan with No foreclosure charges after the first 12 EMIs and 2% before the first 12 EMIs.

✅ Can I get a top-up loan on my existing State Bank of Indore car loan?

You can get a top-up loan on your current car loan from the State Bank of Indore for up to 150% of its value.

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

Generally, you don’t need a guarantor for a car loan. However, you may need a guarantor if you don’t fulfill the eligibility criteria for car loan.

✅ How to get the State Bank of Indore Car Loan Statement?

Get the statement in person by visiting your branch and requesting a detailed statement.

                                                       or

You can get the statement online. To do this, you should have a State Bank of Indore internet banking activated.

✅ How to Pay State Bank of Indore Car Loan Interest Online?

Simply logon to online State Bank of Indore payment to ‘see and pay’ your bills. You also get an electronic acknowledgment for every bill paid by you using e-PAY. You can also pay through Paytm.

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

State Bank of Indore imposes 24% of the exceptional amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for 3 months.

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

You can apply for EMI Moratorium on State Bank of Indore Car Loans directly from the State Bank of Indore website’s Loan corner.

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

Call Dialabank at 9878981166 as it is one of the most trusted State Bank of Indore Car Loan agents. Dialabank even ensures the best offers on your Car Loan.

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

State Bank of Indore car loans can be closed by visiting the nearest branch and clearing off the outstanding amount.

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

Call 9878981166 and clear any of your queries with us anytime.

✅ How can I get NOC from the State Bank of Indore for a Car loan?

You can get NOC directly from the branch for State Bank of Indore Car Loans.

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

• Just go to the bank with the List of documents required for Car Loan.
• Write a letter for pre-closure of the State Bank of Indore Car Loan account.
• Pay the pre-closure charges as per State Bank of Indore Car Loan.

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

State Bank of Indore Car Loan preclosure charges are 2% of the principal outstanding.

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

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

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

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