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Auto Loans Interest Rates. (Fixed Rate-Interest Rate applied at the time of disbursement will remain same for the entire loan period) Scheme. (1-year MCLR: 8.85%) i) SBI Car Loan, ii) NRI Car Loan, iii) Assured Car Loan Scheme. From 9.05% to 10.00%.
Lowest Interest Rates & EMI; Longest Repayment Tenure (7 years); Financing on ‘On-Road price': On-Road price includes Registration & Insurance. Interest calculated on Daily Reducing Balance; For purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs. No prepayment charges. No foreclosure charges after 2 year.
State Bank of India offers car loans to its customers with interest rates ranging between 8.85% and 14.90% and tenure of up to 8 years. Key Features of SBI Car Loan. Competitive EMI and car loan interest rates. Repayment tenure of 7 years. Provides financing on the On-Road price. Interest is computed based on Daily Reducing Balance. No Advance EMI.
The lowest car loan rate of interest currently offered by SBI is 8.60% as of 19 April 2023. For a loan tenure of 6 years, get an optimum EMI of Rs.1,822 per lakh. For a loan tenure of 5 years, get an optimum EMI of Rs.2,095 per lakh. The factors determining a car loan EMI are rate of interest, loan tenure, and loan quantum.
Best interest rates; Interest calculated on daily reducing balance ; Lowest EMI; No advance EMI ; Overdraft facility available ; Longest repayment tenure up to 7 years with optional SBI life cover ; No pre-payment penalties. Flexibility of payment of EMI anytime during the month
SBI Car Loan Interest Rate starts at 8.75% p.a. for New Car Loans and 11.40% p.a. for used car loans. These are fixed car loan interest rates and are one of the most affordable rates in India.
SBI’s interest rate on new car loans are either fixed for eligible borrowers, or based on the borrower’s CIC score, as follows: The interest rate on SBI’s car loans as per...
The SBI Automobile Loan Interest Rate begins at 8.55% per annum for new car loans and 11.15% per annum for used car loans. These are fixed vehicle loan interest rates that are among the lowest in India. Interest rates for used automobiles vary depending on criteria such as vehicle age, loan length, and loan type (top-up, refinance, etc.).
Feb 6, 2024 · SBI Car Loan interest rate varies from 8.85% to 9.80% and it is fixed to one year marginal cost of lending rate (MCLR). For SBI Green Car Loan (For Electric Cars), the bank offer interest rate between 8.75% to 9.45%.
Here's the interest rate of various SBI car loans - 1. SBI New Car Loan Scheme. SBI offers the best deal for financing your new car.
