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
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    9.30% Floating
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    SPECIAL OFFER FOR WOMEN
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    SBI Car Loan is Rated as "Excellent!" by 1253 Users

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    Car Loan BYTES FROM OUR KITCHEN

    SBI Car Loan

    SBI Bank is actively involved since 1973 in non-profit activity called Community Services Banking. All their branches and administrative offices throughout the country sponsor and participate in large number of welfare activities and social causes. Their business is more than banking because they touch the lives of people anywhere in many ways. Their commitment to nation-building is complete & comprehensive. SBI provide the best car loan scheme for you. Read on to learn about the eligibility and documentation requirements for the SBI Car Loan.

    State Bank of India, a Fortune 500 company is one of the oldest financial establishments in India with services ranging from personal banking, NRI services, corporate banking to agricultural banking. SBI’s commitment to the society and its contributions towards nation building have earned recognition and rewards from across the globe. SBI has also evolved and adapted itself with the changing dynamics of technology and has become a leader in providing innovative banking solutions to its clientele. State Bank of India offers exciting car loan schemes with competitive interest rates, flexible repayment options and the longest loan tenure in the industry.


    You’re probably eligible for an SBI Car Loan if you are

    01
    02
    03
    04
    SBI Car Loan Minimum Age

    At least 21 years old

    SBI Car Loan Maximum Age

    Less than 65 years old

    SBI Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    SBI Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your SBI Car Loan amount eligibility is based on these factors

    01
    02
    03
    SBI Car Loan Minimum Salary

    Minimum income required
    Rs.2,50,000 per annum

    SBI Car Loan Maximum Loan to Value

    Loan capped @
    85% of the ex-showroom price

    SBI Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible SBI Car Loan amount by these steps

    01
    02
    SBI Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    SBI Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years


    Documentation needed to apply for an SBI Car Loan

    • 1. Residence proof
    • 2. Photo ID and age proof
    • 3. Signed application form with photograph
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    SBI Car Loan Interest RatesUpdated on 20 Sep 2018

    SBI Car Loan Details
    Interest Rate Men : 9.30% Women : 9.25%
    Processing Fees Nil
    Pre Closure Charges Nil
    Loan Tenure 1 year to 7 years

    Apply for Car Loan Online

    Why choose a SBI Car Loan?

    State Bank of India provides car loans to every segment of the population namely salaried professionals, self-employed professionals, partnership firms and agriculturists. SBI Car Loans are provided for multi utility vehicles, new passenger cars and SUVs. With such a wide variety of options, the SBI car loan scheme becomes a natural choice for an applicant wanting to buy a car of his/her choice.

    Features of SBI Car Loan

    State Bank of India provides one of the best car loans in India with a wide range of benefits. Customers opting for a SBI car loan can expect great value and return on their investment.

    Key features of a State Bank of India car loan are given below.

    • The State Bank of India car loan comes with no hassles regarding EMIs and gives a customer the lowest EMI payment option possible. The added advantage is that a customer does not have to pay any advanced EMI while availing a SBI car loan. Customers also have the flexibility of opting to pay their EMIs at any time during the month.
    • The interest rates offered are also the lowest ranging from 9.20% - 9.25% . The interest rate is calculated for a borrower based on the daily reducing balance.
    • SBI offers the longest repayment tenure with customers selecting periods of up to seven years (84 months) for repayment of their car loans.
    • State Bank of India does not charge any penalty for pre closure of a car loan.
    • The bank charges a processing fee of 0.51% of the loan amount, with a minimum requirement of Rs 1020/- up to a maximum of Rs 10200/-.
    • Customers availing a SBI car loan can also enjoy the benefit of an additional SBI life insurance cover.
    • The loan margin allowed by SBI for borrowers with a net annual income of up to Rs 10 lakhs is 15% of the on-road price of the car. For customers with a net annual income of more than Rs 10 lakhs, the loan margin is around 15% on the ex-showroom price or 20% on the on-road price of the car.
    • An overdraft facility is also available with SBI for borrowers.

    Perfect Car Loan Deals for you

    SBI Car Loan Interest Rates

    A car loan is sanctioned by a lender to help the borrower purchase the car of their dreams. There are a number of banks that provide car loans at attractive rates. State Bank of India has a number of great deals when it comes to car loans which are tailor made to cater to the needs and requirements of the people. Here is a list of loans that have been made available by SBI:

    Loan Scheme Name Time period Interest Rates for Men (p.a.) Interest Rates for Women (p.a.)
    Car loan For the full time period 9.25% 9.20%
    Combo loan scheme For the full time period 9.25% 9.20%
    Certified pre-owned car loan For the full time period 12.65% 12.65%
    NRI Car Loan For the full time period 9.25% 9.20%
    SBI Assured Car For the full time period 9.25% 9.20%
    SBI Loyalty NRI car loan, car loan, combo loan 9.15% 9.10%
    Two-wheeler For the full time period 17.25% 17.25%
    Super Bike For the full time period 11.65% 11.65%

    With rates like these, it is not a tough task to pay back a car loan for any citizen who’s capable of pickup a car.

    SBI follows the system of MCLR (Marginal Cost Based Lending Rate) to determine the applicable interest rate for car loans as per the mandate by RBI. The bank maintains a single slab of interest rate applicable for all term options.

    Note: The above mentioned interest rates are subject to change as per the revised GST rates.

    SBI Marginal Cost Based Lending Rate (MCLR) for New Borrowers
    Benchmark MCLR rate 9.15%
    SBI Car Loan Scheme 9.75% (MCLR + 0.60%)
    SBI Combo Loan Scheme 9.75% (MCLR + 0.60%)
    NRI Loan Scheme 9.75% (MCLR + 0.60%)
    Pre-owned Car Loan 13.15% (MCLR + 4.00%)

    Women borrowers get a concession of 0.05% on the existing rate for all car loans schemes from SBI.

    Note:The MCLR is subject to periodic revision as per bank’s credit policy and RBI’s quarterly reviews. Make sure to confirm with the bank on prevailing rates at the time of applying and choose the terms accordingly.

    SBI Car Loan Eligibility

    • SBI car loans can be easily availed by individuals above the legal age of 21 up to an age of 65 years.
    • Salaried professionals can apply as a single applicant or as co-applicants with a combined net annual income of Rs 3, 00,000/-. State and Central Government employees, Public Sector and Private sector employees qualify as salaried professionals for SBI car loans. The loan amount that will be sanctioned for a salaried employee will be 48 times more than the net monthly income.
    • Self-employed businessmen, proprietary or partnership firms with a net profit or gross taxable income of Rs. 4, 00,000/- per annum are also eligible to apply for a SBI car loan. If there are co-applicants in this case, then the income of the co-applicant can be clubbed with the applicant’s income details. For self-employed professionals, the bank generally sanctions a loan amount up to four times more than the net profit or gross taxable income as per Income Tax Returns (ITR) after the addition of depreciation. The payment pattern of a customer with regards to other loans would also be considered while approving a SBI car loan.
    • SBI also provides car loans for persons involved in agriculture and other allied activities. The net annual income of an applicant and a co-applicant in this case should come up to Rs. 4, 00,000/- for obtaining an approval from the bank. State Bank of India sanctions car loans up to three times more than the net annual income for agricultural applicants.

    While applying for a SBI car loan, customers need to submit the completed application form along with a list of required documents namely – borrower’s bank account statement for the last six months, two passport size photographs, copies of passport or voter’s id or pan card, a proof of residence, latest salary slip for employed professionals and proof of office address for self-employed individuals. IT Returns form and Form 16 for the previous two years are also required for both salaried and self-employed individuals.

    SBI Car Loan EMI Calculator

    The main menu on the Bankbazaar home page contains finance tools which can help a customer calculate the EMI that he/she will be paying while availing a SBI car loan. Our Car Loan EMI calculator is designed to efficiently calculate the SBI EMI payment details in a matter of seconds. Customers have to follow a simple process to instantly calculate their SBI car loan EMIs.

    1. On the main menu, a customer is required to select the ‘Finance Tools’ drop down menu, which opens up to the EMI calculator option. Selecting this link will take you to the Car loan EMI calculator option specifically leading you to the calculator page.
    2. There are separate ruler scales available on the calculator page donating the ranges of the ‘loan amount’ and ‘tenure’ that can be selected by customers.
    3. Customers need to enter a few details to calculate the EMI to be paid for a SBI car loan. The first detail that has to be entered is the required loan amount and the tenure of the SBI car loan taken. The pre-populated values can be changed to suit the customer’s details.
    4. Then the interest rate charged by State Bank of India for car loans has to be entered along with the processing fee charged for SBI car loans. The default value is already populated in the field and can be changed accordingly.
    5. Clicking on ‘calculate’ will give a customer details of his SBI car loan EMI payments along with the breakup of the total interest that will be due.

    On a rare instance, if customers face any issues or problems while navigating through this page, please feel free to get in touch with our customer care team.

    1. How can a customer track his SBI Car Loan application status online?

      Applicants can track their SBI car loan applications made through Bankbazaar by receiving update via SMS to the registered number and mails to the registered email ID. You can also check the SBI car loan application status online through the official website of State Bank of India.

    2. From where can I get the SBI car loan application form?

      Eligible applicants can apply for the SBI car loan online by visiting the official website of State Bank of India or by visiting the Bankbazaar website and filling the SBI car loan online application form.

    3. Can I view my SBI car loan statement online?

      Yes, SBI car loan statements can be viewed online by visiting the SBI online banking portal and logging in to your Net Banking account.

    4. What all costs are covered by the loan margin amount?

      The costs covered using the loan margin amount is the “On-Road” price includes Insurance charges, Registration fees, and Total Service Package, Extended Warranty, Cost of Accessories and/or Annual Maintenance Contract.

    5. What are the foreclosure charges levied on the SBI car loan?

      State Bank of India levies zero penalty fee on the preclosure of car loans.

    6. Is it possible to get a reimbursement from SBI, on the cost of a car purchased using own finance?

      Yes, borrowers are eligible to get a reimbursement of the amount spent by them to finance the purchase of the car, as long as it is a new car or a car which is less than three months old.

    7. How can I get more information related to SBI Car Loans?

      In order to get more information related to SBI car loans, customers can reach out to any branch of State Bank of India or call the dedicated SBI customer care service through the toll-free number which will be available at the Bank’s website or on BankBazaar.

    8. While providing finance based on “on-road” price, what all costs are considered?

      Costs that come under “On-Road” price includes Insurance charges, Registration fees, and Total Service Package/ Extended Warranty/ Cost of Accessories and or Annual Maintenance Contract.

    9. What is the income eligibility criteria for farmers or those involved in agricultural activities to avail the SBI New Car Loan?

      Only farmers or those involved in agricultural activities who have an annual income of at least Rs. 4,00,000. The applicant can also have a co-obligor to the car loan application in order to reach the minimum income criteria.

    10. What is the income eligibility criteria for professionals to avail the SBI New Car Loan?

      Professionals and Businessmen have to earn an annual income of at least Rs. 4,00,000. The applicant can also have a co-obligor to the car loan application in order to reach the minimum income criteria.

    11. What are the income proofs that have to be submitted by salaried applicants?

      Salaried applicants must submit their Form 16 or latest salary slip and latest 2 years’ IT Returns, as income proof.

    12. What are the identity proof documents that have to be submitted by the applicant?

      Identity proof documents that have to be submitted by the applicant are: PAN Card, Passport, Driver’s License, Voter's ID card, etc.

    13. What are the address proof documents that have to be submitted by the applicant?

      Any one of the following documents can be submitted by the applicants, as address proof: Driving License, Passport, Voters ID card, Ration card, Life Insurance policy, Electricity bill or Telephone Bill.

    14. How much finance can you avail on the SBI New Car Loan?

      SBI New Car Loan applicants are eligible to receive 85% of the On-Road price of the vehicle as auto loan.

    15. Are there any special benefits for women availing the car loan schemes from SBI?

      Yes, women can get lower interest rate on the SBI car loan schemes than regular customers. Generally, the rate is .05% lesser than the regular interest rate.

      SBI Car Loan Scheme

      Interest Rate for Female Borrowers

      Interest Rate for Male Borrowers

      SBI Car Loan Scheme

      9.80%

      9.85%

      SBI Combo Loan Scheme

      9.80%

      9.85%

      NRI Car Loan Scheme

      9.80%

      9.85%

      SBI Loyalty Car Loan Scheme

      9.55%

      9.60%

      SBI Nano Youth Car Loan Scheme

      10.05%

      10.10%

    16. What does the SBI Combo Loan Scheme offer?

      With the SBI Combo Loan Scheme, an eligible applicant can avail loans to procure both a car and a two-wheeler for a loan quantum up to 85% of the on-road price of the same.

    17. What is the income eligibility criteria for salaried individuals to avail the SBI Combo Loan Scheme?

      Salaried individuals have to earn an annual income of at least Rs. 3,00,000 to avail the SBI Combo Loan Scheme. The applicant can also have a co-obligor to the car loan application in order to reach the minimum income criteria.

    18. What is the income eligibility criteria for self-employed individuals to avail the SBI Combo Loan Scheme?

      Salaried individuals have to earn an annual income of at least Rs. 4,00,000 to avail the SBI Combo Loan Scheme. The applicant can also have a co-obligor to the car loan application in order to reach the minimum income criteria.

    19. What is the loan quantum that can be availed by a salaried borrower under the SBI Combo Loan Scheme?

      Under the SBI Combo Loan Scheme, a salaried borrower can avail up to 48 times his/her net monthly income as loan amount.

    20. How does CIBIL score affect your SBI car loan application?

      Like all other lenders, SBI also checks the CIBIL score of the applicant while processing his/her car loan application. Only if the CIBIL score is high, the loan application will be approved by the Bank.

    21. What is the maximum tenure for repayment that you can avail on the SBI car loan application?

      The maximum repayment tenure on an SBI car loan is 84 months.

    22. What is the loan margin available on the SBI Combo loan scheme?

      Applicants who earn a Net Annual Income not more than Rs. 10 lakh are eligible for a loan margin of 15% of 'On Road Price' of car. Applicants who earn a Net Annual Income of over Rs. 10 lakh are eligible for a loan margin of 15% of ex-showroom price of car or 20% of "On-road price", whichever is chosen by the borrower.

    23. What is the loan margin available on the SBI Loyalty Car Loan Scheme?

      There is no loan margin applicable on the SBI Loyalty Car Loan Scheme.

    24. I am 20 years old. Can I apply for a car loan under the SBI Loyalty Car Loan Scheme?

      No, you have to be at least 21 years old in order to be eligible for the SBI Loyalty Car Loan Scheme.

    25. What is the minimum income eligibility criteria for the SBI Loyalty Car Loan Scheme?

      The applicant must earn a the minimum income of at least Rs. 2,00,000 in order to fulfill the eligibility criteria for the SBI Loyalty Car Loan Scheme.

    26. What is the maximum repayment period under the SBI Loyalty Car Loan Scheme?

      The maximum repayment period is 7 years under the SBI Loyalty Car Loan Scheme.

    27. Is prepayment penalty levied on foreclosure of the loan under the SBI Loyalty Car Loan Scheme?

      No, there is no penalty on foreclosure of the loan under the SBI Loyalty Car Loan Scheme.

    28. Who can avail a car loan under the SBI Loyalty Car Loan Scheme?

      This scheme is available only to existing SBI home loan borrowers who are self-employed, businessmen, professionals, individuals employed under the central government, state government, corporations, public sector/ private sector, individuals involved in farming and allied activities, etc.

    29. Does SBI offer the provision for life insurance along with the car loan?

      Yes, while applying for an SBI car loan, the applicant can choose to opt for the life insurance plan offered by SBI Life Insurance Company Ltd.

    30. For the takeover of a car loan from another bank (balance transfer), what are the documents to be submitted to SBI?

      For the takeover of a car loan from another bank (balance transfer), the documents to be submitted to SBI are:

      • Original Sanction letter of the lender.
      • Account statement by the lender.
      • RC Book
      • Copy of Insurance.
      • Foreclosure letter.
      • List of documents held by the lender
      • Letter undertaking the issue of NOC by the present lender (financial institution or bank).

    SBI Car Loan - Not to be missed!!!

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      With the growth in economy and the increase in disposable incomes of salaried and self-employed individuals, more consumers are looking forward to purchasing automobiles for day-to-day commutes and weekend road trips. Banks and non-banking financial companies offer new and used car loans at competitive interest rates to lure potential buyers. You can get a car loan of up to 85-90% of the on-road price of the car to be purchased. For the remaining cost, you will have to make a down payment. Those who don't have sufficient funds to make a significant down payment can benefit from zero-down payment car loans. Post-demonetisation, some auto dealerships in the country offer 100% on-road finance for the purchase of new and used cars. A prospective buyer must have a good credit score and a clean credit report to warrant such as a loan. If you lack funds to make a down payment, work at improving your credit score. Find out what is the eligibility criteria for a zero-down payment car loan.
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      If you are an avid trekker or have a family of 5, then a hatchback car will prove useful as the foldable rear seats can accommodate more luggage/cargo. Here is a list of the best hatchback cars in the country from the top carmakers in the world. The cars that have made the list are top of the line models with stylish interiors and exteriors, standard safety features, and more cabin space. Hatchbacks come with both petrol and diesel engine options with a decent mileage. You may find a car that is within your budget as the price of the hatchbacks ranges from Rs.4 lakhs to Rs.10 lakhs. You can obtain a car loan to purchase a hatchback of your choice. Banks and NBFCs in India offer auto loans at competitive interest rates for the purchase of new cars as well as used cars not less than 3-5 years old. Are you in the market for a brand new hatchback? Take a look at the price, features, and specifications of the best hatchbacks available in India.
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      If you are planning to sell your old car or purchase a used car, it is important that you know how to estimate the value of a car. So, what are the factors used to determine the value of a car? Year of purchase, miles driven from the time of purchase, depreciation rate, and condition of the vehicle are some of the factors that affect the value of a car. Used car valuation can help you find out the resale value of your old car. There are online tools available for used car valuation which are easy to use. Once you enter the details of your car such as the make and model, geographical location, age, etc., the tool will give you an approximate price of the car. Find out how to get a better valuation for a car by following some useful tips such as car maintenance, healthy driving habit, and using genuine spare parts for replacement.
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    SBI Car Loan Reviews

    • 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? 3
      , 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? 4
      , 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? 6
      , new delhi
      Reviewed on Aug 30, 2018
    • SBI Car Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      I had a very nice experience with car loan from SBI, the process was smooth and i received my loan amount on time. The loan amount was sufficient and the rate of interest was fine. I am happy with the customer service of SBI and the tenure period is 7 years.
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 29, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with SBI and my loan experience was good, the loan amount was for Rs 3.5 lacs with nominal interest rate when compared to others. It is a new car and the process was smooth at the time of taking the loan. Customer service was good and the tenure period for this loan is for 7 years.
      Was this review helpful? 4
      , jaipur
      Reviewed on Aug 27, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with SBI, the loan amount was for Rs 8 lacs with nominal interest rate when compared to other banks. My loan was approved based on the on road price. The tenure period for this loan is for 7 years out of which 2 years is already completed.
      Was this review helpful? 4
      , bangalore
      Reviewed on Aug 21, 2018
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with SBI 1 year back. The loan amount was 4 lakhs and the Interest rate was satisfactory . The tenure period was 7 years . The customer service and responses was up to the mark. The loan was approved on time and the documentation was quite smooth.
      Was this review helpful? 4
      , chennai
      Reviewed on Aug 18, 2018
    • SBI Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      My car loan was taken with SBI 2 years back.The loan amount was 6 lakhs and the interest rate was satisfactory . He tenure period was 5 years.There is no issues faced with the service here. The customer service and responses was up to the mark. There is no processing fee at all.
      Was this review helpful? 12
      , bangalore
      Reviewed on Aug 14, 2018
    • SBI Car Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from SBI and my loan experience is pretty good. My loan amount is 2.5lakh and interest rate is 8.5% it is nominal in the market. There is no hidden charges. I use to pay 8000 as EMI per month. Processing fee is 2% on loan amount. The process was very quick no challenges faced till date.
      Was this review helpful? 3
      , noida
      Reviewed on Aug 14, 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 ad the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. The tenure period was for 5 years but i preclosed in 2 years. There are no additional charges on preclosure.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 07, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was good with SBI, the loan amount was for Rs 6.60 lakhs with nominal interest rate when compared to other banks. Customer service was good, they responded on time and they collected documents on time. The tenure period for this loan is 5 years.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Jul 31, 2018
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my car loan wit SBI 2years back.. The loan amount was 9 lakhs and the interest rate was satisfactory . The tenure period was 5 years . I had a good experience here and the documentation was also quite easy .The customer service and responses was really amazing . There is no delay in the process and the processing fee was also average .
      Was this review helpful? 7
      , hyderabad
      Reviewed on Jul 30, 2018
    • SBI Car Loan
      "Very nice car loan"
      0.5 5.0/5 "Blown Away!"
      I have taken this car loan with SBI 3 years before. Total tenure of the car loan is totally 5 years. I have applied the loan amount of Rs. 10 lakhs and they have sanctioned the same. I don't remember about the interest rate and processing fee. I will pay the EMI through auto deduction from my account directly. I have received the loan on time.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jul 29, 2018
    • SBI Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take car loan from the state bank of India . They have given promising rate of interest with nominal processing fees . They did instant approval for the loan . Am happy with their customer service and response in terms of car loan process. They have the tenure period of 3 years .
      Was this review helpful? 8
      , chennai
      Reviewed on Jul 27, 2018
    • SBI Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with this loan but the loan amount which they had provided had not been satisfactory. The interest rate which they had been charging had been nominal when compared with the market rate. Their customer support and the staff responses had been good where there has been a good response which they had been making.
      Was this review helpful? 3
      , sambalpur
      Reviewed on Jul 26, 2018
    • SBI Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with SBI few months back. The loan amount was 7 lakhs and the interest rate was average . The tenure period was 6 years . I had a very smooth experience and the loan amount was sanctioned with in 2 hrs. There is no processing fee here.The customer service and responses was good.
      Was this review helpful? 5
      , new delhi
      Reviewed on Jul 25, 2018
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken car loan form the state bank of India . Its been long time and i have closed the loan . They have given nominal rate of interest which am satisfied with it. There is no processing fees with tenure period of 7 years . They took just 2 days for the approval of the loan . Am satisfied with the my car loan from the sbi.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 25, 2018
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been smooth and easy and the loan has been disbursed in one single day. The loan amount which they had provided had been satisfactory and the interest rate has been less when compared with the other banks which are offering. Their customer support also had been very good and they had been responsive as well.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Jul 20, 2018
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