Request received - loud & clear!
Returning you to where you were...
SBI has launched the New Car Loan Scheme that comes with affordable interest rates, low EMIs, minimum documentation, and easy disbursal. This scheme can be availed for the purchase of SUVs (Sport Utility Vehicles), MUVs (Multi Utility Vehicles) or new passenger cars.
Some of the main features of the scheme are:
Men – Interest rate of 0.60% and MCLR of 9.70% p.a.
Women – Interest rate of 0.55% and MCLR of 9.65% p.a.
The following eligibility criteria should be met in order to avail an SBI new car loan:
Income criteria – In this case, the net yearly income of the applicant and co-applicant should be at least Rs.3,00,000.
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.
Income criteria – The net yearly income of applicant along with the co-applicant’s should be a minimum of Rs.4,00,000.
Documents required in order to apply for the SBI New Car Loan Scheme along with a duly signed application form are:
Salaried
Self-employed/Professionals/Businessmen
Individuals working in agricultural and allied activities:
Ownership proof of the land in the name of borrower. Land should be on freehold basis.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.