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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: 8.75%) i) SBI Car Loan, ii) NRI Car Loan, iii) Assured Car Loan Scheme. From 8.95% to 9.90%.
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 8.75% 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.
Apply for SBI Vehicle Loans online and get attractive interest rates, flexible repayment options and hassle-free documentation.
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’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...
Sep 20, 2022 · The bank offers car loans starting with an interest rate of 7.85% per annum to salaried, self employed and SMEs as well. The bank may lend up to 90% financing of ‘on-road price’ on select...
Apr 23, 2019 · As per SBI website, the Mean Rate for Auto Loans 9.52 per cent. The actual interest rate will be based on one’s credit score procured by SBI from any of the CICs.
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.
