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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    State Bank of Hyderabad Car Loan Eligibility Calculator

    We found 0 State Bank of Hyderabad Car Loan Eligibility Calculator

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    State Bank of Hyderabad Car Loan Eligibility Overview

    State Bank of Hyderabad is a nationalised bank which was established in 1941 as the Hyderabad State Bank. It is an associate scheduled bank under State Bank of India. The Bank acts as the central bank of the State of Hyderabad, which covers the Hyderabad of Karnataka, Telangana of Andhra Pradesh and Marathwada in Maharashtra.


    State Bank of Hyderabad offers competitive car loan schemes for the purchase of new cars as well as used cars. It has comparatively low interest rates, flexible EMI and repayment tenures and offers a higher amount of loan as well. Customers can avail a loan for the purpose of purchase of new cars, Multi Utility Vehicles (MUVs), Jeeps, SUVs, etc.

    Types of Car Loan offered by State Bank of Hyderabad

    • Smart Car 2 Plus
    • Car loan along with home loan scheme

    State Bank of Hyderabad Car Loan Eligibility Criteria

    Smart Car 2 Plus

    • Salaried
      • Any individual who is employed with the Central Government, Defence/Paramilitary Forces, Central Public Sector Undertakings, Railway, State Government or Public Sector Insurance companies are eligible to apply.
      • If the applicant is an employee of a Public Sector Bank, it is mandatory that he/she should have a salary account in the Bank and must have received salary for at least 3 consecutive months.
      • The applicant who falls within the above category should have a Net Annual Income (NAI) of atleast Rs. 3 lacs, whether they maintain a salary account with the Bank or not.
      • Pensioners and Other salaried individuals: If the applicant is a pensioner or a salaried individual who doesn’t fall within the above mentioned categories, then the should have a Net Annual Income (NAI) of at least Rs. 3 lacs, whether they maintain a salary account with the Bank or not.
    • Self-employed, Professionals, and Businessmen: If the applicant is self-employed, professional or a businessman, the Net Profit or Gross Taxable income earned should be at least Rs. 4 Lacs.
    • Agriculturists: Any individual who earns his/her primary source of income from agriculture or allied activities, can apply for a car loan from SBH if he/she earns a Net Annual Income of at least of Rs. 4 lacs (along with co-applicant as well, if any).

    Car loan along with home loan

    Car loan can be availed by the Bank’s existing Housing Loan borrowers with special features, easier eligibility criteria and quicker processing.

    Individuals / Joint Borrowers who has:

    • Availed a SBH Home Loan and has completed the construction of the house and/or taken possession of it.
    • Got authentic Equitable Mortgage.
    • Never defaulted on the home loan and has satisfied all the terms and conditions related to its sanction.

    New Borrowers who have:

    • Availed a SBH Home Loan.
    • Got authentic Equitable Mortgage.
    • Satisfied all the terms and conditions related to its sanction.

    Existing customers who have availed a SBH home loan doesn’t have to provide additional documentation for availing a car loan. However, if the address provided in the Housing Loan documentation has changed, then address proof has to be provided. For new applicants the KYC Due Diligence is applicable as per the Bank’s regulations.

    Factors Affecting State Bank of Hyderabad Car Loan Eligibility

    CIBIL score - CIBIL score shows an individual’s credit score as evaluated by the Credit Information Bureau Ltd. Those who have a high credit score has better chances of getting their loan processed easily. A low credit score is considered negatively by the bank and your application can be rejected solely because of this reason.

    Debt-to-Income Ratio - The debt-to-income ratio another factor that is scrutinized in detail by the Bank. this helps to analyze the repayment capacity of an applicant based on his/her income and the debts that he/she is liable for. This portrays whether or not the borrower can repay his/her car loan meticulously.

    Loan Tenure - Car loan tenure is another determining factor in car loan approval. A shorter loan tenure can increase your car loan eligibility since it assures the Bank of a quicker repayment of the car loan. Hence, the loan approval from SBH will be more favorable.

    Age - Age is also an important criteria that affects your eligibility. If an applicant falls in the higher age bracket his/her chances of getting a loan is low. Applicants who are young and fall within the age criteria set by the bank, has better chances of getting a car loan approved by SBH. Applicants who fall close to the maximum age limit have a better probability of getting their loan approved if they have opted for a shorter loan term.

    How to Increase your State Bank of Hyderabad Car Loan Eligibility

    Co-applicants: If you have a co-applicant, you can enhance your chances of getting a loan from SBH. This is because the joint income will be higher and banks consider this in terms of better repayment capacity. A borrower’s our father, mother, spouse, son, daughter, brother or sister can be added as co-applicant and their income will increase your eligibility.

    Having a good Credit History/ CIBIL Score: The first stage of verifying your creditworthiness is by checking your credit history/CIBIL Score. If all your dues are paid consistently and you have a healthy mix of both secured and unsecured loans in your credit report, the bank considers you as a customer with good repayment capacity. Thus, the probability of getting your car loan application approved is higher.

    Joint Accounts/ Guarantor: Defaulting payments, cheque bounces, etc in a joint account in your name, or any credit transaction in which you are a guarantor/co-signatory can reflect poorly on your credit score. This is because you are held equally liable to them. It is advisable to review such accounts monthly as well as annually.

    State Bank of Hyderabad Car Loan Eligibility Calculator

    You can figure out your eligibility for a SBH car loan quickly and easily with the online car loan eligibility calculator. All you have to do is enter some basic information to find out if you are eligible for a loan or not. The exact total cost of taking the loan as well as EMI to be paid for your car loan can also be analyzed. The details to be provided include: income, profession, date of birth (age), model of car, cost, etc. The tool then displays whether the individual is eligible to avail a SBH car loan or not, instantly.

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  • State Bank Of Hyderabad Car Loan Reviews

    • State Bank of Hyderabad Car Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      The process at SBH has been smooth for the car loan. The response is good in the collection of my documents and the services has been perfect till the disbursement. They offered me a good interest rate and the processing charges was also normal. In all no hassles faced.
      Was this review helpful? 0
      , nasik
      Reviewed on Apr 18, 2017
    • State Bank of Hyderabad Car Loan
      "Nice service"
      0.5 4.0/5 "Great!"
      State Bank of Hyderabad is my existing bank for my savings account. Hence I applied for a car loan with them. I got a good response from them on my loan and I had submitted all the required documents with them. It is under process, so far no issues with them, the process is going smooth.
      Was this review helpful? 0
      , nanded
      Reviewed on Apr 07, 2017
    • State Bank of Hyderabad Car Loan
      "Hassle Free"
      0.5 5.0/5 "Blown Away!"
      I took the car loan during the year 2010, at the time SBH offered me 9% of floating interest it was high. Now my car loan got without any hassles even I got my NOC letter from the bank. Now SBI is taking initiative for all SBH products, I hope SBH is now better but it was a good experience with them for the car loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 27, 2017
    • State Bank of Hyderabad Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took car loan with the State Bank of Hyderabad and the interest rate is around 6.5% as of now, which they have reduced. The loan amount got disbursed to my account very immediately like it got sanctioned within a day of time but processing time took around one week of time.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 14, 2017
    • State Bank of Hyderabad Car Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan from SBH, My Maruthi showroom dealer have suggested me to process with them, SBH done a great job within a day they approved the loan and disbursed the amount of Rs.3.6 Lakhs to the dealer and I did not face any issues on ECS Payment, its convenient to make my EMI through auto debit.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 09, 2017
    • State Bank of Hyderabad Car Loan
      "Very Friendly Banking"
      0.5 5.0/5 "Blown Away!"
      Renault showroom got tie up with SBH, They have suggested me for the car loan. I processed with them, Bank manager came to my place and collected my documents and done the disbursement with the least interest rate of 9.2% and without processing fee. SBH taken only stamp duty charges of Rs.1600. Totally its a good experience with SBH for the car loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 25, 2017
    • State Bank of Hyderabad Car Loan
      "High speed process"
      0.5 5.0/5 "Blown Away!"
      I was taken my car loan with SBH. They has taken only 45 mins for my loan approval. Documentation process also simple, they asked only PAN Card. My loan amount was 5.5 lacs with years tenure. The Interest rate was less 9.25%, also there was no processing fees. So I was very happy with their services.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 02, 2017
    • State Bank of Hyderabad Car Loan
      "Instant car loan"
      0.5 5.0/5 "Blown Away!"
      SBH car loan process was very easy and quick. Its hassle free and even it is funny to disclose that they did not ask me for the pan card later they realized that pan card is missing and they had politely asked me for the pan card through mail.More than all, Hypothetication is there in my name in RC book, rather it should be have been on the Bank's name.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 20, 2016
    • State Bank of Hyderabad Car Loan
      "Fine"
      0.5 3.5/5 "Pretty good"
      Getting a car loan from SBH, was very simple and it was an easy task too. The process was very straight, I received good guidance from their executives. The bank asked me only the major papers for processing the loan. Moreover, there were no hidden charges which is involved.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 11, 2016
    • State Bank of Hyderabad Car Loan
      "Good response"
      0.5 5.0/5 "Blown Away!"
      I got the car loan with State bank of Hyderabad and the interest rate was nominal one with them. Within a day of time the loan amount got disbursed and I do have every documents in proper manner, so immediately loan amount got sanctioned.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 28, 2016
    • State Bank of Hyderabad Car Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I got car loan with State Bank of Hyderabad and the interest rate was nominal one with them. The loan amount got disbursed to my account within a week of time. Processing charges were very minimal with them and the documentation process are good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2016
    • State Bank of Hyderabad Car Loan
      "Good service "
      0.5 5.0/5 "Blown Away!"
      Faster service was provided by SBH for getting the car loan processed.They have taken 2hours of time for processing.They have collected all the required documents for the processing.The rate offered was around 9.87% for the car loan.They have applied very less charges for processing.
      Was this review helpful? 0
      , warangal
      Reviewed on Jun 01, 2016
    • State Bank of Hyderabad Car Loan
      "Quick"
      0.5 4.5/5 "Excellent!"
      State bank of Hyderabad disbursed my car loan within three to four days, it was a quick approval because the showroom dealer took care of all the process. There was no processing fee for the loan which was the best part. They sanctioned 85%-90% of the loan amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 09, 2016
    • State Bank of Hyderabad Car Loan
      "Quick response but could revise rates"
      0.5 5.0/5 "Blown Away!"
      It was during the year 2012 I had taken a car loan from State Bank of Hyderabad for the Ford Figo. As I am their customer for about 14 years, I get a very good response and customer service. The rate of interest charged was 11% which is high according to me its better than other banks. The loan was sanctioned in the evening and it was a very quick and easy loan process.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 09, 2016
    • State Bank of Hyderabad Car Loan
      "Very nice experience and good offers"
      0.5 5.0/5 "Blown Away!"
      I recently took a car loan with State Bank of Hyderabad. They had some good offers going on. I got an interest rate of 9.9% and they did not charge me any processing fee. The loan tenure is for 7 years. The loan process and documentation was pretty smooth and the disbursal took about a week.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 31, 2016
    • State Bank of Hyderabad Car Loan
      "Lot of formalities!"
      0.5 3.0/5 "Satisfactory"
      State bank of Hyderabad is following lot of formalities in disbursing the car loan. They are not responding to the customers properly. Along with that, they deducted some charges while disbursal. I would suggest them to provide information about the hidden charges in prior to the applicants.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 08, 2016
    • State Bank of Hyderabad Car Loan
      "Very responsive..."
      0.5 5.0/5 "Blown Away!"
      Compare to all SBH is good in terms charges. I got very good deal from SBH. I have taken a car loan from them. I faced lots of problem even though they resolved my all quires. I got my loan amount within 3 working days. They were very responsive even I got support from their Manager end.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 29, 2016
    • State Bank of Hyderabad Car Loan
      "Fast processing!"
      0.5 5.0/5 "Blown Away!"
      Though my car dealer had tie up for loans with State bank of Hyderabad, he suggested me to go ahead with SBH. Once I applied the process was in a swift manner and I never expected this much fast on loan amount disbursal. Within 2 days, I got the car loan disbursed.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 11, 2016
    • State Bank of Hyderabad Car Loan
      "very fast..."
      0.5 5.0/5 "Blown Away!"
      I think it was 10.15% of rate for car loan. It was very easy to avail the loan from State Bank of Hyderabad. Twice I availed a car loan with same bank. I submitted an application for loan amount of 5 lakhs where they sanctioned the loan in a couple of days. The process was very fast.
      Was this review helpful? 0
      , nellore
      Reviewed on Jan 04, 2016
    • State Bank of Hyderabad Car Loan
      "Average"
      0.5 4.0/5 "Great!"
      My car loan was disbursed by state bank within twenty five days .All the process was taken care by the showroom dealer. Rate of interest was 10.5% and the processing fee was 1% on the loan amount. Not much documentation was required.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 11, 2015
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