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    We found 2 SBI Car Loan Status - Track SBI Car Loan Application Status
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    SPECIAL OFFER FOR WOMEN
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    SBI Car Loan Status - Track SBI Car Loan Application Status is Rated as "Excellent!" by 1219 Users

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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
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken my car loan with the STATE BANK OF INDIA. I have been using since 2015 and it is very comfortable by using the loan. The rate of interest is 8.5% at the beginning and from January it is 9.5%. The loan amount is satisfied. I have got quickly the loan for my car.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The loan experience has been good with them. Where the whole process in getting this loan has been smooth and easy. The rate of interest has been okay with them and the loan amount which they had provided has been satisfactory as well. There has not been any issues faced and it went well.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 11, 2018
    • SBI Car Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My car loan was taken with SBI 5 years back. The loan mount was 6 lakhs and the interest rate was satisfactory .The customer service and responses was up to the mark.The processing fee was nominal. They have sanctioned the loan with the committed time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 08, 2018
    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good loan experience with them, where the whole process has been very easy. It took just two days in getting this loan. The loan amount had been satisfactory and they had been offering a good interest rate as well. Their customer support also had been good so far.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 08, 2018
    • SBI Car Loan
      "Easy to get"
      0.5 4.0/5 "Great!"
      I have not chance to go through their banking statement. The interest rates very less like 9.75 for the new car buyers. They have their own rules and term and conditions. It was one time payment and processing fee was less compared to other banks. I got car loan of Rs. 6 lakhs and I'm making the EMI of Rs. 10000.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 05, 2018
    • SBI Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The loan experience had been very good, the process has been fast in getting this loan and there has not been any delay. The rate of interest which they have been offering also had been very good and i can say it was not too high. The loan amount which they had offered also had been satisfactory.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 04, 2018
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience in taking this loan, three months back i have closed this loan amount. The rate of interest of them has been good as well, and the process has went pretty good. Even the loan amount which they had provided has been satisfactory as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 04, 2018
    • SBI Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the car loan from the STATE BANK OF INDIA around a year. The customer support service and the response is good from the STATE BANK OF INDIA . The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are average here and I am satisfied with it as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 01, 2018
    • SBI Car Loan
      "Car loan from SBI"
      0.5 5.0/5 "Blown Away!"
      From SBI i have taken a car loan and the approved loan amount was 5 lakhs. The rate of interest was 10.3%. The monthly EMI comes around 10200. There was some processing fee. Within 7 days i got the loan amount approved from SBI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2018
    • SBI Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have also taken a car loan with State bank of India. The process was good and I received the loan on time. The documentation process is also on time. The rate of interest is around 8% and the processing charges are normal. The after loan services are also good.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2018
    • SBI Car Loan
      "Good Service Very low charges"
      0.5 4.0/5 "Great!"
      I took to loans form SBI. The car loan was for 6 Lacs, the application and the processing took bit longer. The interest rate is very low with the SBI. Processing is time consuming which is the only drawback with them. It took almost a month to receive the cheque.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The overall experience i had with them had been very good so far. The rate of interest which they have charging was low comparing with the market. The whole process had been very quick and there has not been any kind of issues so far with their services.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • SBI Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Got the car loan from the State bank around 6 years ago. They have disbursed the loan amount within the time frame. The customer support service and the response is good from the State bank of India,. They required loan amount has been given . The rate of interest and the charges are average here.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 22, 2018
    • SBI Car Loan
      "Very good service with no charges! "
      0.5 5.0/5 "Blown Away!"
      I took a car loan from SBI, believe me I got the loan amount with in a day. It must be because of the job profile. I got the loan for 7 Lakhs cleared the loan with in 2 Months. There were no part payment charges , Pre-closure charges and No processing charges. SBI is the best for car loans and their interest rate is also competitive.
      Was this review helpful? 0
      , chennai
      Reviewed on May 21, 2018
    • SBI Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the SBI, all the aplication and documentation was done at the branch. I got the loan credited to my account with in a span of seven day. The whole process was smooth and hassle free. I never had any issues with their services.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. Customer service was good and the tenure for this loan is 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 18, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was less than Rs 3 lakhs with nominal interest rate when compared to all other banks. There are no charges on foreclosure and part payment options are available. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 0
      , indore
      Reviewed on May 16, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was based on my requirements and the rate of interest was nominal when compared to other banks. My loan was approved based on the ex-showroom price. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 15, 2018
    • SBI Car Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was more than 5 lakhs with nominal interest rate when compared to all other banks. My car loan was approved on the on-road price. They charge 3.9% of the principal amount for preclosure and the customer service was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 14, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience banking with them so far, i can say they are not up to the mark where all the services which they have been providing is average. During the process of taking this loan they have collected the documents at the door steps which was convenient.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
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