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 1268 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
      "BEST BANKING FOR CAR LOAN"
      0.5 4.5/5 "Excellent!"
      I am using the car loan from STATE BANK OF INDIA last 4 and above years. The process is quick to get the loan also the loan amount is sufficient and the rate of interest is reasonable with this bank. The duration for repaying this car loan is for 5 years.
      Was this review helpful? 2
      , kolkata
      Reviewed on Oct 15, 2018
    • SBI Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan with the STATE BANK OF INDIA where i have got the sufficient amount of loan sanctioned. the process of getting the loan is very quick and easy method. It is a good loan to use added on that it is a user friendly.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 15, 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, the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. The loan amount was for Rs 5.5 lakhs and this was taken for a tenure period of 5 years.
      Was this review helpful? 5
      , new delhi
      Reviewed on Oct 11, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with SBI for car loan, the loan amount was for Rs 3.5 lacs with nominal interest rate when compared to others. It was a new car and loan was approved based on the on road price. The tenure period for this loan was for 3 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 11, 2018
    • SBI Car Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      My experience with SBI for car loan was good, the rate of interest was little high when compared to other banks. It was a new car and the loan amount was for Rs 4.5 lacs. They charged Rs 3000 as penalty without my notice for RC issue. The tenure period for this loan is 7 years.
      Was this review helpful? 2
      , visakhapatnam
      Reviewed on Oct 11, 2018
    • SBI Car Loan
      "Good Financial service "
      0.5 4.0/5 "Great!"
      I have taken car loan for the state bank of India . They have provided good rate of interest based on the market price where there is nominal processing fee . Making the payment through Ecs process. They have instantly approved Overall am satisfied with the service and response .
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Oct 09, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with SBI, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with SBI and they followed up on time. Processing fees and charges were less in this bank.
      Was this review helpful? 2
      , navi mumbai
      Reviewed on Oct 08, 2018
    • SBI Car Loan
      "Good Banking Service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan for the state bank of India. They have provided nominal rate of interest even they have given based on the market price where there is nominal processing fee . Making the payment through easy monthly installment .They took some time for the approval
      Was this review helpful? 3
      , kolkata
      Reviewed on Oct 04, 2018
    • SBI Car Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      State bank of India is giving good service for the car loan where they took some week time for the approval and documentation . Am pretty happy with the service where they have explained the terms and conditions . Am making the payment through Ecs mode.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Oct 03, 2018
    • SBI Car Loan
      "Good Banking Service"
      0.5 4.0/5 "Great!"
      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? 6
      , hyderabad
      Reviewed on Oct 02, 2018
    • SBI Car Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      Base on the good rate of interest i have chosen state bank of India for car loan . There is nominal charges for the processing fees for approval and documentation. They instantly approved the loan in 2 days . I make the payments through Ecs process
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 02, 2018
    • SBI Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have purchased the car loan from the STATE BANK OF INDIA and using from last 1year 3monthsand i have to pay 50k for every month. I got approval of 7 lakhs which is satisfactory added on that the rate of interest is 11-10%. Process is quick service also the documentation are simple.
      Was this review helpful? 3
      , visakhapatnam
      Reviewed on Oct 01, 2018
    • SBI Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My experience was average with SBI for car loan, it was a new car so my loan amount was approved based on the on-road price. The loan amount was for Rs 4.5 lacs with rate of interest of 9%. Customer service was good and the tenure period for this loan is 7 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 01, 2018
    • SBI Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with this car loan and the loan amount has also been satisfactory as well. The car dealers had helped me in getting this loan and they had done all the documentation so it was smooth. The interest rate with them has been nominal when compared with the market rate.
      Was this review helpful? 5
      , pune
      Reviewed on Sep 26, 2018
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a really good experience i had with them and the loan got approved within a day. Everything had been good with them and they had helped me in the documentation. The manager over there had helped me a lot where she had personally helped a lot during the process in getting this Car Loan. There has not been any hassle faced with their services.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 25, 2018
    • SBI Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      State Bank of India has also offered me a car loan. The customer services and response is good and there are no issues in the process. The rate of interest and processing charges is normal and that is the best about the bank. The process is also satisfactory.
      Was this review helpful? 4
      , nagpur
      Reviewed on Sep 11, 2018
    • SBI Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience i had with this Car Loan. The process in getting this loan just took one day and it has been simple and easy. The loan amount which they had provided has been satisfactory as well as the interest rate with them has been nominal as well. Their customer support also had been responsive during the process.
      Was this review helpful? 1
      , jaipur
      Reviewed on Sep 07, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a best experience with SBI for car loan, the loan amount was for Rs 2 lacs with nominal interest rate when compared to others. It was a new car which was taken back in 2008. Customer service was good and they followed up on time.
      Was this review helpful? 4
      , kolkata
      Reviewed on Sep 06, 2018
    • SBI Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a car loan form the SBI. The loan amount was 4.5 Lacs, the process was easy. The rate of interest was really competitive.The pre-closure charges are also pretty low. They can still work on reducing the interest rate and still make their profit.
      Was this review helpful? 5
      , lucknow
      Reviewed on Aug 31, 2018
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with SBI 2 years back. The loan amount was 4,70,000 and the in the tenure period was 7 years . Their customer sere and responses was sup to the mark. They haves sanctioned the loan with the committed time, and the processing fee was also nominal.
      Was this review helpful? 7
      , new delhi
      Reviewed on Aug 30, 2018
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