SBI Car Loan Interest Rates, EMI, Eligibility

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SBI Car Loan Highlights

Below is the latest SBI Car Loan rates, eligibility criteria, repayment period and more details.

SBI New Car Loan Loyalty Car Loan Scheme Certified Pre-owned Car
Interest Rates 8.65% – 9.35% 9.20% – 9.30% 11.00% to 12.00% (CIC Based rates are applicable).
Maximum Loan Tenure 7 years 7 years 3 years (Car Man. Date)
Maximum Loan Amount Eligibility 85% 85% 80%
Min. Monthly EMI for 1 Lakh ₹1,591 onwards for 7 Years ₹1,619 onwards for 7 Years ₹3,274 for 3 Years
Processing Fee 0.40%, min. Rs. 1000 up to Rs. 7500 (+ GST). 0.40%, min. Rs. 1000 up to Rs. 7500 (+ GST). For Loan Amount Upto Rs.6 lacs Rs.1000/- + GST
Prepayment Charges Nil Nil 2.00%
Age (years) 21 years – 65 years 21 years – 65 years 21 years – 65 years
Salaried Minimum Annual Income ₹3,00,000 ₹3,00,000 ₹2,00,000
Self Employed Professionals Minimum Annual income ₹4,00,000 ₹4,00,000 ₹4,00,000
Self Employed Businessmen Minimum Annual Income ₹4,00,000 ₹4,00,000 ₹4,00,000

Calculate your monthly using car loan emi calculator with the help of car loan interest rates, loan amount and repayment period.

Loan Amount     Rs.
Interest Rate % Per Annum
Loan Tenure Years
Installment Date
Results
Loan Amount Rs. 5,00,000
Monthly Instalment (EMI) Rs. 10,550
Total Interest Amount Rs. 1,32,992
Total Amount (Principal + Interest) Rs. 6,32,992
Installment NoInstallment DateOpening BalanceEMIInterestPrincipal
201704/2017 To 12/2017Rs. 5,00,000Rs. 94,950Rs. 34,446Rs. 60,504
201801/2018 To 12/2018Rs. 4,39,496Rs. 1,26,600Rs. 38,797Rs. 87,803
Jan01/2017Rs. 4,39,496Rs. 10,550Rs. 3,553Rs. 6,997
Feb02/2017Rs. 4,32,499Rs. 10,550Rs. 3,496Rs. 7,054
Mar03/2017Rs. 4,25,445Rs. 10,550Rs. 3,439Rs. 7,111
Apr04/2017Rs. 4,18,334Rs. 10,550Rs. 3,382Rs. 7,168
May05/2017Rs. 4,11,166Rs. 10,550Rs. 3,324Rs. 7,226
Jun06/2017Rs. 4,03,940Rs. 10,550Rs. 3,265Rs. 7,285
Jul07/2017Rs. 3,96,655Rs. 10,550Rs. 3,206Rs. 7,344
Aug08/2017Rs. 3,89,311Rs. 10,550Rs. 3,147Rs. 7,403
Sep09/2017Rs. 3,81,908Rs. 10,550Rs. 3,087Rs. 7,463
Oct10/2017Rs. 3,74,445Rs. 10,550Rs. 3,027Rs. 7,523
Nov11/2017Rs. 3,66,922Rs. 10,550Rs. 2,966Rs. 7,584
Dec12/2017Rs. 3,59,338Rs. 10,550Rs. 2,905Rs. 7,645
201901/2019 To 12/2019Rs. 3,51,693Rs. 1,26,600Rs. 29,890Rs. 96,710
Jan01/2017Rs. 3,51,693Rs. 10,550Rs. 2,843Rs. 7,707
Feb02/2017Rs. 3,43,986Rs. 10,550Rs. 2,781Rs. 7,769
Mar03/2017Rs. 3,36,217Rs. 10,550Rs. 2,718Rs. 7,832
Apr04/2017Rs. 3,28,385Rs. 10,550Rs. 2,654Rs. 7,896
May05/2017Rs. 3,20,489Rs. 10,550Rs. 2,591Rs. 7,959
Jun06/2017Rs. 3,12,530Rs. 10,550Rs. 2,526Rs. 8,024
Jul07/2017Rs. 3,04,506Rs. 10,550Rs. 2,461Rs. 8,089
Aug08/2017Rs. 2,96,417Rs. 10,550Rs. 2,396Rs. 8,154
Sep09/2017Rs. 2,88,263Rs. 10,550Rs. 2,330Rs. 8,220
Oct10/2017Rs. 2,80,043Rs. 10,550Rs. 2,264Rs. 8,286
Nov11/2017Rs. 2,71,757Rs. 10,550Rs. 2,197Rs. 8,353
Dec12/2017Rs. 2,63,404Rs. 10,550Rs. 2,129Rs. 8,421
202001/2020 To 12/2020Rs. 2,54,983Rs. 1,26,600Rs. 20,078Rs. 1,06,522
Jan01/2017Rs. 2,54,983Rs. 10,550Rs. 2,061Rs. 8,489
Feb02/2017Rs. 2,46,494Rs. 10,550Rs. 1,992Rs. 8,558
Mar03/2017Rs. 2,37,936Rs. 10,550Rs. 1,923Rs. 8,627
Apr04/2017Rs. 2,29,309Rs. 10,550Rs. 1,854Rs. 8,696
May05/2017Rs. 2,20,613Rs. 10,550Rs. 1,783Rs. 8,767
Jun06/2017Rs. 2,11,846Rs. 10,550Rs. 1,712Rs. 8,838
Jul07/2017Rs. 2,03,008Rs. 10,550Rs. 1,641Rs. 8,909
Aug08/2017Rs. 1,94,099Rs. 10,550Rs. 1,569Rs. 8,981
Sep09/2017Rs. 1,85,118Rs. 10,550Rs. 1,496Rs. 9,054
Oct10/2017Rs. 1,76,064Rs. 10,550Rs. 1,423Rs. 9,127
Nov11/2017Rs. 1,66,937Rs. 10,550Rs. 1,349Rs. 9,201
Dec12/2017Rs. 1,57,736Rs. 10,550Rs. 1,275Rs. 9,275
202101/2021 To 12/2021Rs. 1,48,461Rs. 1,26,600Rs. 9,273Rs. 1,17,327
Jan01/2017Rs. 1,48,461Rs. 10,550Rs. 1,200Rs. 9,350
Feb02/2017Rs. 1,39,111Rs. 10,550Rs. 1,124Rs. 9,426
Mar03/2017Rs. 1,29,685Rs. 10,550Rs. 1,048Rs. 9,502
Apr04/2017Rs. 1,20,183Rs. 10,550Rs. 971Rs. 9,579
May05/2017Rs. 1,10,604Rs. 10,550Rs. 894Rs. 9,656
Jun06/2017Rs. 1,00,948Rs. 10,550Rs. 816Rs. 9,734
Jul07/2017Rs. 91,214Rs. 10,550Rs. 737Rs. 9,813
Aug08/2017Rs. 81,401Rs. 10,550Rs. 658Rs. 9,892
Sep09/2017Rs. 71,509Rs. 10,550Rs. 578Rs. 9,972
Oct10/2017Rs. 61,537Rs. 10,550Rs. 497Rs. 10,053
Nov11/2017Rs. 51,484Rs. 10,550Rs. 416Rs. 10,134
Dec12/2017Rs. 41,350Rs. 10,550Rs. 334Rs. 10,216
202201/2022 To 03/2022Rs. 31,134Rs. 31,650Rs. 505Rs. 31,145
Jan01/2017Rs. 31,134Rs. 10,550Rs. 252Rs. 10,298
Feb02/2017Rs. 20,836Rs. 10,550Rs. 168Rs. 10,382
Mar03/2017Rs. 10,454Rs. 10,550Rs. 85Rs. 10,465
Total:Rs. 6,33,000Rs. 1,32,989Rs. 5,00,011

Documents Required

  1. Statement of bank account for last 6 months.
  2. 2 passport size photographs
  3. Proof of Identity
  4. Address Proof
  5. I.T. Returns or Form 16 for the last 2 years.
  6. Allied agricultural activity (like Dairy, Poultry, Plantation/ Horticulture)

Proof of Identity – (Copy of any one) Passport/ PAN Card/ Voters ID card/ Driving License etc. Address Proof :- (Copy of any one) Ration card/Driving License/Voters ID card/Passport /Telephone Bill/ Electricity bill/Life Insurance policy

SBI Car Loan Branches in India

City Location
Ahmedabad Dr Vikram Sarabhai Marg I I M, Vastrapur Ahmedabad, Gujarat 380015
Ajmer LOCO WORKSHOP AJMER, OPP.SENIOR RAILWAY INST. NASIRABAD ROAD, Railway Quarters, Ajmer, Rajasthan 305001
Bangalore 1793, 3-4, Air Cargo Complex, Bangalore Airport Exit Road, HAL Airport Road, Bengaluru, 560017
Bhiwadi RIICO Industrial Area, Bhiwadi, Haryana 301019
Bhopal Bhadbhada Road, Main Branch, New Market, STT Nagar, TT Nagar, Bhopal, Madhya Pradesh 462003
Bikaner Dhanpat Rai Rd, Joshiwara, Old Bikaner, Bikaner, Rajasthan 334001
Chandigarh Sector 17-B, Second Floor, 17B, Sector 17, Chandigarh, 160017
Chennai MRC Nagar, Chennai Branch, No.11 Second Street, South Beach Avenue, Janaki Ave, MRC Nagar, Raja Annamalai Puram, Chennai, Tamil Nadu 600028
Coimbatore Shop No.482/483, Basememt, SVN Chambers, Cross Cut Road, Ponnaiyan Street, Ram Nagar, Coimbatore, Tamil Nadu 641012
Delhi Shop No.2, Local Shopping Centre, Sector 12, R.K. Puram, New Delhi, Delhi 110022
Faridabad Neelam Chowk, NIT, Fruit Garden, New Industrial Town, Faridabad, Haryana 121001
Ghaziabad 13, Niti Khand I, Indirapuram, Niti Khand I, Indirapuram, Ghaziabad, Uttar Pradesh 201010
Gurgaon Block M, Old DLF Colony, Sector 14, Gurgaon, Haryana 122001
Hyderabad Bank Street, Sultan Bazaar, Koti, Sultan Bazar, Koti, Hyderabad, Telangana 500095
Indore Hukumchand Marg, Itwaria Bazaar, Maharaja Tukoji Rao Holker Cloth Market, Indore, Madhya Pradesh 452007
Jaipur New Sanganer Rd, Shyam Nagar, Jaipur, Rajasthan 302019
Jalandhar Nehru Garden Rd, Railway Station, Gobind Garh, Fentonganj, Jalandhar, Punjab 144001
Karimnagar Near PTS shopping complex, Ring Road, NTPC Ramagundam TownShip, Ramagundam, Karimnagar, Telangana 505215
Khammam PLOT NO. 13 & 14, KONA PLAZA, BY-PASS ROAD, Bank Colony, Khammam, Telangana 507002
Kochi Mons. Mathew Kothakathu Rd, Chullickal, Kochi, Kerala 682002
Kolhapur Near Dasara Chowk, New Shahupuri, Kolhapur, Maharashtra 416002
Kolkata College St, Sealdah, College Square, Kolkata, West Bengal 700073
Madurai Kochi-Madurai-Tondi Point Rd, Kamarajar Salai, Madurai, Tamil Nadu 625009
Mangalore Above Pabbas, MG Rd, Lalbagh, Mangaluru, Karnataka 575003
Mumbai Bldn No-30, Prerna Property Housing Society, Near kurla Station, Nehru Nagar, Kurla East, Nehru Nagar, Kurla, Mumbai, Maharashtra 400024
Mysore Chamarajapura, Chamarajapuram Mohalla, Lakshmipuram, Mysuru, Karnataka 570004
Nagpur Industrail Finance Branch, Sai Complex, Amarvathi Raod, Bharat Nagar,, Sadar, Nagpur, Maharashtra 440033
Nashik Aute Nagar, SH27, Deolali Gaon, Nashik, Maharashtra 422214
Navi Mumbai Central Facility Building , Phase – 2, Market 1 , Turbhe, Vashi, APMC Market, Sector 19, Vashi, Navi Mumbai, Maharashtra 400705
Nizamabad NH 16, Kanteshwar, Nizamabad, Telangana 503002
Noida A-718, Vyapar Marg, Block C, Sector 4, Noida, Uttar Pradesh 201301
Pune Giga Space Complex, Amenity Building, Near Phoenix Mall, Pune Nagar Rd, Viman Nagar, Pune, Maharashtra 411014
Salem Collectorate Branch Salem, No.3, Ground Floor, Collector Office Building, Bretts Rd, First Agraharam, Salem, Tamil Nadu 636001
Surat Near Honey Park Cross Road, Chatrapati Shivaji Marg, Guru Ram Pavan Bhumi, Surat, Gujarat 395009
Thane Vishnu Nagar, Thane West, Thane, Maharashtra 400602
Tirupati KT Rd, Nehru Nagar, Tirupati, Andhra Pradesh 517501
Trivandrum MG Road, Statue, Palayam, Thiruvananthapuram, Kerala 695001
Vadodara Panigate Rd, Opp. Jamnabai Hospital, Mandvi, Vadodara, Gujarat 390017
Varanasi FIRST FLOOR, VARANASI MAIN BRANCH BLDG, OPPOSITE KUTCHERY, Varanasi, Uttar Pradesh 221002
Vellore No 112, Arcot Road, Arcot Road, Opposite C.M.C. Hospital, Thottapalayam, Vellore, Tamil Nadu 632004
Vijayawada Kaleswarao Market Street, BRP Road, Kaleswara Rao Market, Tarapet, Vijayawada, Andhra Pradesh 520001
Visakhapatnam 32,, 24-107-32, Kanithi Rd, China Gantyada, Gonthinavanipalem, Gajuwaka, Visakhapatnam, Andhra Pradesh 530044
Warangal  Industrial Estate Branch, Near M.G.M, MG Rd, Auto Nagar, Kothawada, Warangal, Telangana 506002

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