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SBI is a leading player in car financing in India. Here is useful information regarding SBI car loan schemes.

Cars India : Loans : SBI

SBI

SBI Car Loans offer low interest rates, easy repayment options, total transparency, no processing charges, finance to include vehicle registration charges, insurance and one time road tax.

In case of new cars, loan is provided on any make or model. In case of old cars too, the loan is provided on any make or model, but the vehicle should not be more than 5 years old.

Eligibility Criteria for State Bank of India Car Loan

The individual should be between 21-65 years of age.
He / She should be a permanent employee of State/Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professional or self-employed individual who is an income tax payee or
A Person engaged in agriculture and allied activities
His / Her net annual income must be at least Rs. 75000.

Loan Amount
The maximum limit of car loan is subject to your re-paying capacity. A maximum loan amount of 2.5 times the net annual income can be sanctioned. If married, your spouse's income could also be considered provided the spouse guarantees the loan. The loan amount includes finance for one-time road tax, registration and insurance.

» Citibank Car Loans
» HDFC Bank Car Loans
» ICICI Car Loans
» Maruti Finance
» Saraswat Bank
» SBI Car Loans
» Sundaram Finance

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