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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  • SBH Used Car Loan Reviews

    • State Bank of Hyderabad Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Five years back I had taken the car loan from State Bank of Hyderabad. I almost completed 5 yrs and 2 more years to go. Interest rate for the loan was 8% at that time I believe. I directly approached SBH for the loan and everything went smooth with them. I had no issues with the bank for the loan.
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      , hyderabad
      Reviewed on Jun 12, 2017
    • 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , nellore
      Reviewed on Jan 04, 2016
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    SBH Used Car Loan is Rated as "Blown Away!" by 63 Users

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    Car Loan BYTES FROM OUR KITCHEN

    State Bank of Hyderabad Used Car Loans

    Founded in the year 1941, the State Bank of Hyderabad, also known as SBH, is one of the oldest public sector nationalized banks operating in India. Headquartered in Gunfoundry, Hyderabad, SBH is the largest of the 5 associated banks with the State Bank of India. The bank enjoys a pan-India presence with a widespread network of over 1,500 branches and has, throughout its glorious history, proved its excellence by providing quality financial products and services to its customers. Currently SBH offers a wide spectrum of financial products and services like accounts, deposits, loans, merchant banking, international banking, online fund transfer and agriculture specific financial services.

    Under personal banking, State Bank of Hyderabad provides loans not only for the purchase of new vehicles but also second hand vehicles. The SBH Used Car Loan makes it much easier to purchase your dream car with features like competitive rates of interest, flexible repayment terms and more.

    Features and Benefits of State Bank of Hyderabad Used Car Loan

    Following are some of the notable features of the SBH Used Car Loan.

    Category of vehicles

    This car loan may be used to finance the purchase of passenger cars, multi-utility vehicles (MUVs) and sports-utility vehicles (SUVs) which are not more than 5 years old from the date of registration.

    No Processing Fee

    Save more as the SBH Used Car Loan, does not involve any processing fee

    Loan Amount

    Salaried applicants can avail loan amounts up to 48 times of their net monthly income while self-employed persons can avail a loan amount up to 4 times their net annual income.

    State Bank of Hyderabad Used Car Loan Interest Rates

    A used car loan from SBH typically attracts a higher interest rate compared to a loan for new cars, with SBH relying on the base rate and MCLR to determine the applicable interest. The interest payable depends on the date of loan sanction, with borrowers who availed a loan before April 1, 2016 falling under the ambit of Base Rate, while new borrowers are covered by MCLR.

    State Bank of Hyderabad Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

    SBH has introduced MCLR benchmark rates following directives issued by the RBI. These rates factor in the current cost of operating a bank, providing real-time incentives to borrowers. The table below highlights the current MCLR at SBH.

    MCLR Benchmark Tenure (Period) Benchmark Rates (MCLR)
    Overnight 9.15%
    1 month 9.35%
    3 months 9.45%
    6 months 9.50%
    1 year 9.60%

    Used car loan interest rates – May 2016

    The final interest payable by a new borrower includes a component which is over and above the base MCLR. This additional portion is decided by the bank, with the loan tenure and banking relationship playing a key role in finalising the interest.

    State Bank of Hyderabad Base Rate (For existing borrowers)

    Base Rate 9.75%, effective October 8, 2015

    State Bank of Hyderabad interest rate for used cars (Based on Base Rate)

    Existing customers who wish to continue with their current system of interest will be liable to pay the following rates.

    Tenure Interest rate
    Less than 3 years 15.30% per annum
    More than 3 years 15.50% per annum

    Note: Rates mentioned here are indicative and valid as of June 8, 2016. SBH reserves the right to modify these rates without prior notice and borrowers should check the rates with the bank before applying.

    State Bank of Hyderabad Used Car Loan Eligibility Criteria

    This car loan is available for professionals, self-employed individuals and businessmen (who is an income tax assessee) and also individuals who are involved in agricultural or allied fields. Following are some of the eligibility conditions which applicants must fulfill in order to apply for the SBH Used Car Loan.

    • Applicants must be not below 21 years of age and not above 65 years of age
    • Applicants must be permanent employees of the public sector undertaking, private company, a renowned organization or state/central government employees
    • Must have a minimum net annual income of Rs 2,50,000 or above.
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