SBI Combo Loan Scheme is targeted towards people who want to borrow a loan to receive financial aid while purchasing a car as well as a two-wheeler at the same time. Using this scheme, a candidate can withdraw up to 85% of the on-road price of the car and motorcycle that he or she has selected. This includes the total service package, extended warranty, annual maintenance contract, or price of the accessories in addition to insurance and registration. Once the loan is approved, the portions for the car loan and the two-wheeler loan are disbursed simultaneously or within a month.
See the list below to check out the important features of this loan scheme.
Check out the SBI car loan eligibility criteria mentioned below to see whether you can avail the benefits of this loan or not.
Below mentioned is the list of documents that a person will need to submit if he or she wants to secure this loan.
You won’t need to apply for two different loans anymore in order to purchase a car and a two-wheeler simultaneously. With SBI Combo Loan Scheme, you can now get the funds at the same time to buy the car and motorcycle that you have always wanted. With zero advance EMI and prepayment penalty, low interest rates, and flexible repayment options and loan tenure, you can receive the loan amount quickly to take care of your motorcycle and car-buying needs together. When you avail this loan, you will not have to pay a large amount as interest for two different loans. Instead, you can get the required funds and repay the debt at a single interest rate.
You can submit your application and other necessary documents at your nearest SBI branch. Once the submitted details are verified, the funds will be immediately transferred to your bank account.
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