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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    We found 2 SBI Car Loan Status - Track SBI Car Loan Application Status
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    SBI Car Loan Status - Track SBI Car Loan Application Status is Rated as "Excellent!" by 1297 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 Financial service"
      0.5 4.5/5 "Excellent!"
      I have taken car loan from the state bank of India . They have give good rate of interest and am happy with it . They took only 1 week for the approval and documentation . There charges some nominal amount for processing fees . Overall am satisfied with my car loan.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 12, 2018
    • SBI Car Loan
      "GOOD BANKING"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the STATE BANK OF INDIA where the process is very quick and very fast process. The loan amount is satisfactory also the rate of interest is 8.75% also there is a pre closer charges applicable and 5 years to repay the loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 12, 2018
    • SBI Car Loan
      "Nice loan from SBI"
      0.5 3.5/5 "Pretty good"
      I have purchased the car loan from SBI. The details given about the car loan was good. I have taken the loan amount of Rs. 2.5 lakhs. They have provided me a interest rate of 9% and there was some processing fee. I have been paying the EMI of Rs. 5700 and I'm making the payment through ECS.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 11, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with SBI and my experience was good, it was a new car and the loan amount was for Rs 7.6 lacs with nominal interest rate when compared to others. Customer service was good and the tenure period is 5 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my car loan with state bank of India from past 1 year, the loan amount they have give me was sufficient for me , but there service is not up to the mark, they took long procedure to get loan, the rate of interest they have charged me is less comparing to other bank, and there are no hidden charges .
      Was this review helpful? 2
      , hosur
      Reviewed on Dec 08, 2018
    • SBI Car Loan
      "Transparency should be easy process"
      0.5 3.0/5 "Satisfactory"
      My car loan with SBI, when I took the loan they quoted 9.55% at finally they changed around 13%, suddenly they increase the interest at the closure not even they intimated. The duration for 5 years , even after that they ask me pay at the remaining amount, even paper work is tough.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with SBI and my experience was good, it was a new car and the loan amount was for Rs 5.5 lacs with nominal interest rate when compared to others. Customer service was good and the tenure period is 5 years out of which 3 years is pending.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 03, 2018
    • SBI Car Loan
      "Quick and Prompt Service"
      0.5 5.0/5 "Blown Away!"
      Two days back I purchased Baleno car, the loan amount was around Rs. 8 lakh for the emi amount of Rs.16,000. The interest rate is some thing high, they charged around 10% its bit high. But span of 2 days they disbursed the amount to purchase my car.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 03, 2018
    • SBI Car Loan
      "Good car loan with SBI"
      0.5 5.0/5 "Blown Away!"
      I have taken my car loan with State bank of India. 5 years before i have purchased my car loan amount. The loan amount was Rs. 3 lakhs and total tenure period of 7 years. I have no idea about the interest rate, I pay the premium amount of Rs. 21000. Amount will be deducted through ECS mode.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 02, 2018
    • SBI Car Loan
      "Need a single window process"
      0.5 1.0/5 "Really Bad"
      Earlier I had a car loan with State Bank of India. They took longer time to issue the NOC. They don't have a single down process. I have closed it a year in advance, it was done in the year of 2013. They have many surcharges which is really high. They didn't charge for foreclosure. Need an improvement in the technologies.
      Was this review helpful? 5
      , secunderabad
      Reviewed on Nov 30, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with SBI, the process was smooth and i received my loan amount on time. The loan amount was based on my requirement and the rate of interest was nominal when compared to others. Tenure period for this loan was for 7 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 29, 2018
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was an awesome experience which i had with this Car Loan, where they had came directly to my home in collecting all the documents and the disbursement happened within two days. I have to say a big thanks to them for their wonderful support and i am happy with their services.
      Was this review helpful? 3
      , new delhi
      Reviewed on Nov 28, 2018
    • SBI Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      For car loan SBI gave me the best interest rate, I have taken loan in 2014, they have approved my on road price of the car. The process was good because my salary account with the SBI. The bank manager responded very well, the loan period for seven years with flexible interest rate.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 28, 2018
    • SBI Car Loan
      "Average car loan"
      0.5 3.0/5 "Satisfactory"
      I have taken my car loan with State bank of India. There is no hidden charges. I have got my loan on time. I have received the interest rate which is very high. The interest rate was 11% and the processing fee was nominal. 5 years ago i have got the car loan. I have been paying the EMI of Rs. 9000. I do not find any difficulties.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 27, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was good with SBI, the process was smooth and i received my loan amount on time. The loan amount was based on my requirement and the rate of interest was nominal when compared to others. Tenure period for this loan was for 7 years.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 26, 2018
    • SBI Car Loan
      "Good Experience for car loan."
      0.5 5.0/5 "Blown Away!"
      I took car loan from SBI they processed with 8% of interest for the loan amount of Rs. 5 lakhs, but for the loan formalities was inconvenient. I keep visiting to the bank and they taken 5 to 6 days to approved the loan. Finally they forwarded amount to the dealer on the same day I purchased Swift dezire vdi car.
      Was this review helpful? 2
      , lucknow
      Reviewed on Nov 26, 2018
    • SBI Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The process is quick and also the documentation verified very quick. I have got the loan within 2-3 days. The loan amount is good also the rate of interest is 9%. The duration is for 3yrs year to close the loan. For pre closer there are no charges applicable.
      Was this review helpful? 2
      , new delhi
      Reviewed on Nov 20, 2018
    • SBI Car Loan
      "Good service for car loan"
      0.5 5.0/5 "Blown Away!"
      I took car loan from SBI, before four years I was taken the loan. At the time the interest rate is low, I have purchased Innova car, they approved on road price value and gave me 100% of loan amount. The processing fee is also reasonable with good flexible EMI options.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 20, 2018
    • SBI Car Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have applied for the card loan with the STATE BANK OF INDIA where the process is very good and simple to get the loan as well as the loan amount is sufficient from this bank added on that the rate of interest is nominal when compared to the others.
      Was this review helpful? 4
      , bangalore
      Reviewed on Nov 16, 2018
    • SBI Car Loan
      "Good Car loan"
      0.5 5.0/5 "Blown Away!"
      I am not sure about the SBI customer care. I have gone through all the details with the dealer. I have got the loan within 10 days. I have received the car loan of Rs. 4 lakhs and they have provided the interest rate of 8.99% and I'm okay with it. I am paying the EMI of Rs. 14000 per month and i have chosen the tenure period for 3 years.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 16, 2018
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