If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    SBI Car Loan Status - Track SBI Car Loan Application Status

    Owning a car of one’s choice is a dream come true for most consumers. Nowadays, there is easy access to funding as banks offer loans to purchase new and used cars. With over 200 years of experience in the banking and financial services, State Bank of India (SBI) is the largest public sector commercial bank in India.

    SBI is one of the leading banks in India, offering various products ranging from insurance to loans at competitive interest rates and flexible loan tenure. When it comes to auto loans, State Bank of India offers different types of car loans - New Car Loan, Pre-owned Car Loan, Combo Loan, NRI Car Loan, Loyalty Car Loan, etc. to meet the varying needs of its customers.

    Who can apply for SBI Car Loan?

    State Bank of India offers car loans to applicants with a good credit score, steady income, and a stable occupation. Anyone from the age of 21 to 65 years old can apply for a car loan at State Bank of India - salaried employees, self-employed persons, partnership firms, agriculturists, etc. SBI Car loans can be used to purchase most makes and models of vehicles available on the Indian market. Those who prefer to take long drives on the weekend on rugged terrains or go on a cross-country road trip can opt for SUVs. Those who have children can purchase passenger cars and MUVs for a safe drive to the school and back every day.

    SBI Car Loan Interest Rate

    At State Bank of India, customers can get a maximum car loan of up to 85% of the on-road price of a new car. Interest rate for SBI New Car Loan starts from 8.70% to 9.20% p.a. In the case of an Used Car Loan, the interest rate is much higher in comparison to New Car Loan. For Loyalty Car Loan Schemes, the interest rate for men is 9.10% p.a. whereas for women, it is 9.05% p.a. The interest rate for Certified Pre-Owned Car Loan is 12.60% p.a. The loan tenure of a SBI car loan is up to 84 months i.e. 7 years, which is the longest tenure for car loans in the industry. Car loan interest rates are calculated based on whether the car is new or used, loan tenure, the type of car loan scheme, and the eligibility criteria of the applicant.

    SBI Car Loan Eligibility

    A potential customer can check his or her loan eligibility using the car loan eligibility calculator on a third-party website or the bank website. It is wise to know one's car loan eligibility before applying for the loan in order to avoid rejection. Whether it is personal loan or car loan, any type of loan rejection will negatively affect an individual’s credit score. The different types of car loans offered by State Bank of India are:

    • New Car Loan
    • Loyalty Car Loan,
    • Nano Youth Car Loan
    • Combo Loan
    • NRI Car Loan
    • Certified Pre-Owned Car Loan

    Apply for SBI Car Loan Online

    Banks charge a small processing fee which is a fixed percentage of the principal loan amount to process the car loan. Fortunately, State Bank of India doesn't charge a processing fee for New Car Loan, Combo Loan, NRI Car Loan, and Loyalty Car Loan as of now. For certified pre-owned car loan, there is a 0.50% of the loan amount + GST charged as processing fee, subject to minimum Rs.450 + GST to maximum Rs.17,800 + GST. Apply for SBI car loans online to get better deals. However, before applying for a car loan, it is important to compare various deals on offer in order to choose the one that best serves your financial needs. Third-party comparison websites make car loan comparison easy and simple to perform with just a few clicks of the mouse. You can also get an instant quote on your chosen car loan offer.

    SBI Car Loan EMI Calculator

    Use SBI car loan EMI calculator to find out the monthly cost of your loan. Just enter the loan amount, loan tenure, interest rate, and processing fee in the tool. You will get an amortisation table with details such as equated monthly installments, interest payable, and outstanding principal amount after each EMI payment for the loan period. Car loan EMI shouldn’t exceed 50% of the individual’s salary. It is advisable to maintain a low debt-to-income ratio so as not to default on the loan payment.

    Documents required for SBI Car Loan Application

    To avoid rejection, ensure to submit valid supporting documents such as ID proof (Voter's ID, PAN card or Passport), address proof (Driving License or utility bills), age proof (birth certificate), income proof (the latest salary slip, last 6 months bank statement, and IT returns) and recently taken passport-size photographs along with the duly-filled and signed application form. The supporting documents should match the information provided on the loan application form. SBI car loan application form can be downloaded from the bank website or obtained in person from the nearest bank (SBI) branch. SBI branches in different cities or states can be located using the online branch locator tool.

    Check SBI Car Loan Status Online

    In addition to applying for a car loan online, you can also check the status of your loan application on the website. Nowadays, with the advent of technology, everything is available at the tip of your fingers. It’s no wonder that the banking sector has taken advantage of the latest technologies to provide better access to financial services and products to its customers.

    As one of the top most lenders in the country, State Bank of India provides its customers the facility to keep track of their car loan status online. This online facility makes it easier for applicants to check their car loan application status in the comfort of their home or office. It is beneficial in terms of the optimum use of one’s time, energy, and resources. It is necessary to check your car loan application status in order to find out if and when you will get your funds to purchase your dream car.

    Documents required for SBI Car Loan Application

    To avoid rejection, ensure to submit valid supporting documents such as ID proof (Voter's ID, PAN card or Passport), address proof (Driving License or utility bills), age proof (birth certificate), income proof (the latest salary slip, last 6 months bank statement, and IT returns) and recently taken passport-size photographs along with the duly-filled and signed application form. The supporting documents should match the information provided on the loan application form. SBI car loan application form can be downloaded from the bank website or obtained in person from the nearest bank (SBI) branch. SBI branches in different cities or states can be located using the online branch locator tool.

    Check SBI Car Loan Status Online

    In addition to applying for a car loan online, you can also check the status of your loan application on the website. Nowadays, with the advent of technology, everything is available at the tip of your fingers. It’s no wonder that the banking sector has taken advantage of the latest technologies to provide better access to financial services and products to its customers.

    As one of the top most lenders in the country, State Bank of India provides its customers the facility to keep track of their car loan status online. This online facility makes it easier for applicants to check their car loan application status in the comfort of their home or office. It is beneficial in terms of the optimum use of one’s time, energy, and resources. It is necessary to check your car loan application status in order to find out if and when you will get your funds to purchase your dream car.

    How to Check SBI Car Loan Application Status?

    There is no paperwork involved in checking your car loan application status online. That is a good thing as you aren’t liable to face any hassle when there is no paperwork involved. Tracking one’s car loan application status online is not only a simple task but also quick. The applicant has to just enter certain details such as the type of loan, application ID, and his or her Date of Birth (DOB) into the tool. Click on 'Submit' and get instant results of his or her car loan application status.

    Track SBI Car Loan Status by Loan Application ID

    Here is a step-by-step guide on how to track SBI Car Loan Status using the loan Application ID:

    • Step 1 - Visit the State Bank of India website. Tip- To perform any activity online, ensure the internet connection is good and use an advanced browser.
    • Step 2 - Go to the SBI Car Loan application status page.
    • Step 3 - Select the type of loan from the drop-down box. In this case, it would be car loan.
    • Step 4 - Enter the application ID that you received after applying for a car loan at SBI.
    • Step 5 - The last detail to be entered in the tool is your Date of Birth.
    • Step 6 - Enter the string of numbers shown in the image into the box provided.
    • Step 7 - Ensure all the details provided by you are correct.
    • Step 8 - Finally, click on ‘Submit’ to get your car loan application status.

    You will be directed to a web page containing your SBI car loan application status immediately with no time to waste and free of charge. You can use the car loan application tracker any number of times and at any time you deem convenient.

    Know SBI Car Loan Status through Customer Care Numbers

    State Bank of India offers timely and effective customer care services through its customer care centre. Customers can contact SBI customer care executives through the bank's 24/7 helpline number. The customer care executive will take your call and ask for personal details to verify your identity. You will need to state personal details such as your name, father's name, PAN, etc. in order to confirm your identity. He or she will resolve any loan-related queries that you may have like how to track your car loan status. The toll-free number of State Bank of India is 1800 11 2211 and 1800 425 3800. Here is an alternate SBI Customer Care number - 080-26599990. You can also find a list of SBI customer care numbers online for different cities and states.

    Customer Reviews

    • SBI Car Loan
      "Need more customer support for good relationship"
      0.5 2.0/5 "Expected more"
      I am not at all happy with the SBi customer service . SBI never respect the customers . From the beginning itself , I am not okay with the process and Bank . My showroom has delivered the car very instantly after the sanction of loan . I am happy with the interest rate .
      Was this review helpful? 0
      , mysore
      Reviewed on Mar 22, 2019
    • SBI Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I had a car loan it was closed now with State Bank of India, I got the loan with the lower interest. The service was really nice, infact the rate of interest is lesser. From the bank I got the NOC letter after closing my car loan, overall it was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 20, 2019
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have purchased a Hyundai i20 car and took a loan with SBI 2 years ago. The interest rate was very competitive and there was no processing fee because as a customer as well as of employee. Being an employee, I got a long tenure of 15 years. Also foreclosure can be done without any charges.
      Was this review helpful? 4
      , mumbai
      Reviewed on Mar 15, 2019
    • SBI Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this Car loan almost ten years back and the process in getting this loan was pretty good. The loan amount which they had provided was sufficient and the interest rate with them has been nominal. There was no additional charges which they had made as well.
      Was this review helpful? 2
      , chennai
      Reviewed on Mar 14, 2019
    • SBI Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience with this Car loan was pretty good and the process went pretty smooth where the disbursement happened within a week. The loan amount which they had provided was sufficient and the interest rate with them has been nominal as well. The charges which they had made has also been nominal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 12, 2019
    • SBI Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with SBI , the process of getting loan was too fast i just got my loan in few days and i do not have to worry about document . The tenure period is 7 year and they charge nominal rate of interest and about processing fee was also good . They gave option of preclosure too .
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 11, 2019
    • SBI Car Loan
      "Wonderful Experience"
      0.5 4.0/5 "Great!"
      I have car loan with SBI, the experience is wonderful within a day the loan got disbursed. Only thing for getting statement I need to visit to the bank they don't have online facility. There is no proper customer support, if I need anything I need to contact the manager. Rate of interest for the car loan is best in the market its very competitive as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 11, 2019
    • SBI Car Loan
      "Masters in the market"
      0.5 4.0/5 "Great!"
      I have a car loan with State Bank of India and I would say its a cool going process. I don't have any problems in approaching the customer care. The interest rate is quite nominal and comparatively good. The loan duration is 7 years. The pre closure is available and partial payment can be done any time without limitation.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 08, 2019
    • SBI Car Loan
      "Very faster Loan"
      0.5 5.0/5 "Blown Away!"
      I purchased the Maruti swift 1 year before with the SBI car loan . Show room has tie up with SBI . SBI approved my car loan within 1 hour of time because of my salary account & PPF account . Rate Of Interest is very medium and almost 10 % range . SBI provides very faster loan for me .
      Was this review helpful? 3
      , new delhi
      Reviewed on Mar 05, 2019
    • SBI Car Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      I like SBI customer care, within two days of time my car loan amount was sanctioned, the amount is sufficient around Rs. 5 lakhs its an on road purchase. I have purchased Swift car, the processing is nominal as other banks. I interacted with the bank directly because its my salary account.
      Was this review helpful? 4
      , nawanshahr
      Reviewed on Mar 05, 2019
    • SBI Car Loan
      "Hassle free loan experience"
      0.5 5.0/5 "Blown Away!"
      Last year I took car loan from SBI, I didn't approach them directly, the showroom guys had tied up with them, the loan amount was satisfactory and the rate of interest is floating around 8.9% for the duration of seven years. The process was very convenient I done the process through showroom, they default done the process.
      Was this review helpful? 3
      , bangalore
      Reviewed on Mar 05, 2019
    • SBI Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan with the STATE BANK OF INDIA and the loan amount is very good and satisfactory also i got the loan within few days. The rate of interest is nominal with this loan. The documentation process was simple and with quick process.
      Was this review helpful? 2
      , secunderabad
      Reviewed on Mar 04, 2019
    • SBI Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I took to car loans form SBI. The car loan was satisfactory, the application and the processing took nominal. The interest rate is very nominal with the SBI. It took almost a few days to receive the loan. Customer support is good i am happy to have car Loan from this bank .
      Was this review helpful? 3
      , new delhi
      Reviewed on Mar 02, 2019
    • SBI Car Loan
      "Need to very transparent"
      0.5 4.5/5 "Excellent!"
      I am happy with the interest rate which was offered by State Bank of India when have compared to others. The customer service is up to the mark and they need to improve. They don't inform about the charges and debited from my account. There was a processing fee but its okay. Its ongoing and the loan duration is 5 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 02, 2019
    • SBI Car Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan in SBI in the year of 2016 December. It is very good and the interest rate was 8.5%. They were very supportive and helped me well. There was no processing fee. I got 100% funding to purchase grand i10 Ford car. The loan duration is 7 years.
      Was this review helpful? 4
      , new delhi
      Reviewed on Mar 01, 2019
    • SBI Car Loan
      "Not satisfied with the service"
      0.5 2.0/5 "Expected more"
      The experience with this loan was not that great where the process has got delayed and it was not smooth. The loan amount was fine and the interest rate with them has been nominal. There has not been any sort of extra charges which they had made so far.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Feb 27, 2019
    • SBI Car Loan
      "The best for loan"
      0.5 5.0/5 "Blown Away!"
      My car loan is with State Bank of India. Though the documentation process is a bit slow, but I always choose the government sector for a loan. I got a good deal on the interest rate and charges. The after loan services are also good. The documentation was done on time and I got the loan as needed. Satisfactory overall.
      Was this review helpful? 2
      , jaipur
      Reviewed on Feb 24, 2019
    • SBI Car Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      I have a car loan with State Bank of India. The process to get this loan was pretty easy. There was no hassles in the documentation process.The rate of interest and processing charges are not high as well. The loan was also as needed. Good overall.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 24, 2019
    • SBI Car Loan
      "Poor service"
      0.5 1.0/5 "Really Bad"
      My car loan was taken with SBI , i close this account because the services which they provide was not up to the mark . Coming to their customer services even they are very slow , their banking services is also not so good . Rate of interest and processing fee was nominal .
      Was this review helpful? 2
      , new delhi
      Reviewed on Feb 23, 2019
    • SBI Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have compared with many others and found SBI is best for car loan. The processing fee and interest rate is very low. I have taken the car loan in State Bank of India in October. The loan process was faster. I did not apply for 100% funding but they have approved the loan whatever I requested. The customer service is good.
      Was this review helpful? 4
      , faridabad
      Reviewed on Feb 21, 2019
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