{"id":342,"date":"2022-01-29T11:54:36","date_gmt":"2022-01-29T06:24:36","guid":{"rendered":"https:\/\/mypf.co.in\/en\/?p=342"},"modified":"2022-01-29T12:52:20","modified_gmt":"2022-01-29T07:22:20","slug":"sbi-car-loan","status":"publish","type":"post","link":"https:\/\/mypf.co.in\/en\/sbi-car-loan\/","title":{"rendered":"SBI Car Loan"},"content":{"rendered":"<div class=\"ce2f2325fbb081daae55861658afb8ac\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- Responsive - Sidebar -->\r\n<ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-3428361155371797\" data-ad-slot=\"6612014064\" data-ad-format=\"auto\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<p>SBI is the one of the most trusted bank in India for banking and loans. Those looking to take a car loan must enquire for SBI car loan, because SBI provides right amount of loan at the lowest interest rate for longer repayment period.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"key-features-of-sbi-car-loan\"><strong>Key Features of SBI Car Loan<\/strong><\/h3>\n\n\n\n<ul><li>Competitive interest rates &amp; EMI<\/li><li>Longest repayment tenure upto 7 years<\/li><li>Provides financing on the On-Road price<\/li><li>Financing Upto 90% of &#8216;On-road Price&#8217;<\/li><li>Interest calculated on Daily Reducing Balance<\/li><li>No Advance EMI<\/li><li>Optional Life Insurance Cover from SBI<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sbi-car-loan-eligibility\"><strong>SBI Car Loan Eligibility<\/strong><\/h3>\n\n\n\n<p>If you want to apply for a SBI new or used car loan, make sure that you fulfil the below-mentioned car loan eligibility criteria:<\/p>\n\n\n\n<ul><li>You must be between 21-67 years old to apply\/be considered<\/li><li>You must be either a Central\/State Government employee, a professional or self-employed individual, or an individual who is engaged in agricultural and allied activities.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"documents-required\"><strong>Documents Required<\/strong><\/h3>\n\n\n\n<p>Along with the completed application form, you will also need to submit the following documents:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"for-salaried\"><strong>For Salaried<\/strong>:<\/h4>\n\n\n\n<ul><li>Last 6 month&#8217;s bank account statement.<\/li><li>2 passport size photographs.<\/li><li>Address Proof: Copy of any one Ration Card, Driving License, Voters ID Card, Passport, Telephone Bill, Electricity bill or Life Insurance policy<\/li><li>Proof of Identity: Copy of any one Passport, PAN Card, Voters ID Card or Driving License etc.<\/li><li>Income Proof: Latest Salary Slip, Form 16<\/li><li>I.T. Returns or Form 16 for the last 2 years.<\/li><\/ul>\n\n\n\n<p>Note: You will not need to submit Form 16\/ITR if you have a salary account with SBI that has been active for at least 12 months.<\/p>\n\n\n\n<p>Note: You will not need to submit bank statement of 6 months if you have a salary account with SBI that has been active for at least 12 months.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sbi-car-loan-processing-fees\"><strong>SBI Car Loan Processing Fees:<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Auto Loan Scheme<\/th><th>Processing Fee<\/th><\/tr><tr><td>SBI CAR LOAN(For New Vehicle)<\/td><td><strong>NIL (Till 31.01.2022)<\/strong><\/td><\/tr><tr><td>SBI NRI \u2013 CAR LOAN SCHEME (For New Vehicle)<\/td><td><strong>NIL (Till 31.01.2022)<\/strong><\/td><\/tr><tr><td>SBI LOYALTY CAR LOAN SCHEME (For Home Loan Borrowers)<\/td><td><strong>NIL (Till 31.01.2022)<\/strong><\/td><\/tr><tr><td>Assured Car Loan<\/td><td><strong>NIL (Till 31.01.2022)<\/strong><\/td><\/tr><tr><td>SBI GREEN CAR (Electric Vehicle)<\/td><td><strong>NIL (Till 31.01.2022)<\/strong><\/td><\/tr><\/tbody><\/table><figcaption><em>Last Updated On :<\/em> Friday 28th Jan, 2022<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Auto Loan Scheme<\/strong><\/td><td><strong>Processing Fee<\/strong><\/td><td><strong>Max Processing Fees<\/strong><\/td><td><strong>Min Processing Fees<\/strong><\/td><\/tr><tr><td>CERTIFIED PRE-OWNED CAR LOANS<\/td><td>1.25% of Loan Amount + GST<\/td><td>Rs 10,000\/ + GST<\/td><td>Rs 3750\/ + GST<\/td><\/tr><tr><td>SBI TWO- WHEELER LOAN SCHEME<\/td><td>2.0% of Loan Amount + GST<\/td><td>NA<\/td><td>Rs 1,000\/ + GST<\/td><\/tr><tr><td>HIGH VALUE SUPER BIKE LOAN<\/td><td>1.00 % of Loan Amount + GST<\/td><td>Rs 10,000\/ + GST<\/td><td>NA<\/td><\/tr><\/tbody><\/table><figcaption><em>Last Updated On :<\/em> Friday 28th Jan, 2022<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"for-non-salaried-professional-businessmen\"><strong>For Non-Salaried\/ Professional\/Businessmen<\/strong>:<\/h4>\n\n\n\n<ul><li>Last 6 month&#8217;s bank account statement.<\/li><li>2 passport size photographs.<\/li><li>Proof of Identity.<\/li><li>Address Proof.<\/li><li>Income Proof: ITR for last 2 years<\/li><li>I.T. Returns or Form 16 for the last 2 years.<\/li><li>Audited Balance sheet, P&amp;L statement for 2 years, Shop &amp; establishment act certificate \/ sales tax certificate \/ SSI registered certificate \/ copy of partnership.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"person-engaged-in-agricultural-and-allied-activities\"><strong>Person engaged in agricultural and allied activities<\/strong>:<\/h4>\n\n\n\n<ul><li>Last 6 month&#8217;s bank account statement.<\/li><li>2 passport size photographs<\/li><li>Proof of Identity<\/li><li>Address Proof<\/li><li>Direct Agricultural Activity (crop cultivation): Khasra\/Chitta Adangal (showing cropping pattern) Patta\/Khatoni (showing land holding) with photograph. All land should be on free hold basis and ownership proof to be in the name of borrower.<\/li><li>Allied Agricultural Activity (like Dairy, Poultry, Plantation, Horticulture): Documentary proof of running of the activities to be provided.<\/li><\/ul>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>SBI is the one of the most trusted bank in India for banking and loans. Those looking to take a car loan must enquire for SBI car loan, because SBI provides right amount of loan at the lowest interest rate for longer repayment period. Key Features of SBI Car Loan Competitive interest rates &amp; EMI [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[36],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBI Car Loan - My Personal Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mypf.co.in\/en\/sbi-car-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI Car Loan - My Personal Finance\" \/>\n<meta property=\"og:description\" content=\"SBI is the one of the most trusted bank in India for banking and loans. 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