SBI Green Car Loan for Electric Cars

If loan applicant is a regular employee of a public sector undertaking, state/central government, a reputed establishment, or a private company, SBI offers up to 48 times the net monthly income as the maximum loan amount to the applicant. 

Income criteria - In this case, the net yearly income of the applicant and co-applicant should be at least Rs.3,00,000. 

If loan applicant is a professional, businessman, self-employed, or proprietary/partnership firms who fall under income tax assesses, the bank offers maximum loan amount of four times of you're the applicant's net profit or gross taxable income as calculated per ITR. 

Income criteria - In this case, the gross taxable income or net profit should be Rs.4,00,00 p.a., where income of the co-applicant can also be clubbed together. 

If loan applicant is associated with agricultural and allied activities, he or she can avail three times the net annual income as the maximum loan amount under this scheme. 

The net yearly income of applicant along with the co-applicant's should be a minimum of Rs.4,00,000.