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 Bikaner and Jaipur Used Car Loan Reviews

    • State Bank of Bikaner Jaipur Car Loan
      "Two best features"
      0.5 4.0/5 "Great!"
      The two key elements of SBBJ Car loan is nothing but maximum loan amount followed by maximum tenure. The process was very smooth no hassle as such. The biggest advantage was SBBJ was able to provide the maximum tenure therefore I decided to take loan from SBBJ.
      Was this review helpful? 2
      , jaipur
      Reviewed on Sep 10, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Good for interest rate offer"
      0.5 5.0/5 "Blown Away!"
      I bought a Chevrolet car and it was from the showroom that I got my auto loan financed by State Bank of Bikaner and Jaipur. Their initial rate of interest was 10.12% but on offer price it was reduced to 9.8% which was very much affordable. I had to just go for my signatures on the documents and the rest was taken care of by the bank executive. I paid around Rs.1.75 Lakhs and signed some documents and on the 3rd day I got my car.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 01, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      On the same day of my approach for the car loan to SBBJ bank they sanctioned 80 % of the amount . The process was very smooth as i have the account with them. Documents were also collected in one day. Interest rate charged was 9.85% interest rate.
      Was this review helpful? 0
      , jaipur
      Reviewed on Apr 21, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      Normally we think that nationalized banks are slow in their process. But it was not the case with SBBJ bank. I have taken my car loan from them. It was an excellent process. They completed the loan within two days. I also got a very reasonable rate of interest. And the processing charges was zero too. Overall a satisfactory experience.
      Was this review helpful? 0
      , alwar
      Reviewed on Apr 20, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "Pretty happy and satisfied !"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from State Bank of Bikaner and Jaipur. The customer service they offered and their responsiveness was awesome. It was a very smooth and swift process. The loan processing and documentation was hassle free and the loan amount was disbursed quickly as well.They did waive off the processing fee as well.
      Was this review helpful? 8
      , new delhi
      Reviewed on Mar 22, 2016
    • State Bank of Bikaner Jaipur Car Loan
      "The best car loan"
      0.5 5.0/5 "Blown Away!"
      First of all, there is no processing fee for SBBJ Car loan. There is no foreclosure charges. The interest rate offered by them is the least in the market which is 9.85% flatFirst of all, there is no processing fee for SBBJ Car loan. There is no foreclosure charges. The interest rate offered by them is the least in the market which is 9.85% flat. They have offered the loan for a period of 48 months. The loan amount is 3 lakhs. I visited the branch with complete documents and within 2 hours the loan was approved. They have offered the loan for a period of 48 months. The loan amount is 3 lakhs. I visited the branch with complete documents and within 2 hours the loan was approved
      Was this review helpful? 0
      , kota
      Reviewed on Nov 14, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Good rates"
      0.5 5.0/5 "Blown Away!"
      It was a nice experience with State Bank of Bikaner and Jaipur and I have got the car loan within 24hours.The interest rate applied was a good rate and I can make the repayment after the 6months without any charges applied and comfortable mode.The charges applied was quite less.
      Was this review helpful? 1
      , jaipur
      Reviewed on Nov 12, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Quick Processing!"
      0.5 5.0/5 "Blown Away!"
      I took my car loan with State bank of Bikaner and Jaipur. Within 2 days, my loan application is approved and the loan amount is also disbursed. Required documents like salary certificates, form 16 and bank statements were collected for the loan process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 02, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "The Best Bank..."
      0.5 5.0/5 "Blown Away!"
      State bank of Bikaner and Jaipur is the best. I got very less interest rate for my car loan. I have a good relationship with the manager. They were also offering other loans. I got this car loan processed in a very short period. EMI dates are comfortable. They allow part payments and fore closure.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 02, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My Car loan experience with State Bank of Bikaner and Jaipur was not that good. It was my salaried account with this bank and they did not collect any processing charges for the application. The customer service offered was very bad and also there was no proper response from the bank.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jul 23, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car Loan from State Bank of Bikaner and Jaipur in 2015. The tenure period is 5 years. I have bought a commercial vehicle. The response was really good from the bank as they processed the loan within 7 days after submitting the documents. The processing fee they collected is only Rs 750, interest rate is 13.75% which is less since the loan is for commercial vehicles. Part payment option is available and no charges for pre-closure.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jul 22, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      When I applied for a car loan from State bank of Bikaner and Jaipur the experience was good. They were really quick in processing and were very supportive for availing the loan. The manager is really good. After the loan disbursed the response must be improved. The rate of interest was 11.25% which was reasonable. There was no processing fees. It took 4 days got the loan.
      Was this review helpful? 2
      , udaipur
      Reviewed on Jan 10, 2015
    • State Bank of Bikaner Jaipur Car Loan
      "Great"
      0.5 4.0/5 "Great!"
      My overall experience of availing a car loan from State bank of Bikaner & Jaipur in the month of Jun'2014 was great. It was directly from the showroom I had availed the car loan. They sanctioned my loan on the very next day of documentation and my vehicle was delivered within a week. They offered me the lowest rate of interest and processing fee as well.
      Was this review helpful? 1
      , kolkata
      Reviewed on Oct 14, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Outstanding service"
      0.5 5.0/5 "Blown Away!"
      I have taken two car loans from State bank of Bikaner & Jaipur and the loans are still running. It is a very good bank and within just two days they approved my loan and delivered the car. Bank people are very nice and they don't harass and the best part is the verification is done by the bank personnel itself. I was recently looking for a personal loan which I would have taken it from this bank If I've had a salary account with them.
      Was this review helpful? 0
      , noida
      Reviewed on Aug 07, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      State Bank of Jaipur car loan the processing fees is zero and the interest rate is lowest and there is no prepayments charges and foreclosure they don't charge for it, the processing was very good and they created the account in one day and they gave the loan amount in the same day.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 02, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent services"
      0.5 4.5/5 "Excellent!"
      I took a Car Loan from SBBJ. There services are awesome. First time in my life i saw that is is much more better that a private back. They hardly took 1 day to approve my loan and gave me a sanction letter hand to hand. Never created any problem and it is almost 10 months now... GREAT JOB!!!!!!!
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 08, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I was very happy on receiving the car loan from State bank of Bikaner & Jaipur in the month of Feb'2014. It was good banking with them because they processed my loan in just 2 hours on collecting very less documents. The way they treat the customers is very good and the executives are very helpful. Rate of interest is quite good and the processing fees was just rs500. I already recommended the bank to some of my friends.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 13, 2014
    • State Bank of Bikaner Jaipur Car Loan
      "Wonderful job done"
      0.5 4.0/5 "Great!"
      I took the Car loan from State Bank of Bikaner as there was good customer interaction and I felt satisfied about it. I wanted to specify about the interest rate which was low compared with other banks. I went directly to the bank got the draft and submitted to the dealer and the overall process completion was 2 days. Overall experience was wonderful.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 26, 2014
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    State Bank of Bikaner and Jaipur Used Car Loan is Rated as "Blown Away!" by 18 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Overview:

    State Bank of Bikaner & Jaipur (SBBJ) offers loans for new as well as pre-owned cars. Getting easy funding to buy a second hand car has come as a great relief to many as they do not want to shell out a huge amount for that. Since second hand cars are comparatively less expensive, the burden of loan is evidently less. The only prerequisite is that the car should not be older than five years. And you can pick any make or model you want.

    Easy Monthly Instalments:

    If your spouse is earning, his/ her income could be included when the loan sum is calculated, given that he/ she agrees to it. SBBJ allows you great flexibility in terms of EMI and tenure. In fact you can pay back the loan in as many as 84 EMIs. This monthly installment pays towards the principal as well as interest. The road price of the car make and appropriate depreciation will be taken into consideration for approving the loan. These factors will be verified by a bank representative.

    The EMIs for a State Bank of Bikaner & Jaipur used car loan are normally gauged based on the tenure you choose to pay off the loan. Of course, the higher the EMI is shorter the loan term will be and vice versa. Since the official bank website has an EMI calculator, it is easier to decide how much you shall be required to shell out. You may also get in touch with your nearby SBBJ office to get more info regarding the loan sum, tenure and EMI. SBBJ also offers finance for one-time road tax, fees for registering and insurance premium.

    Loan Sum Permitted:

    The maximum permissible loan sum is INR 15 lakhs. It will take a week to process loan application.

    State Bank of Bikaner and Jaipur Used Car Loan Interest Rates

    SBBJ (State Bank of Bikaner and Jaipur) provides two used car loan products, one for the general public and the other for employees of Rajasthan government. The interest on this is computed by factoring the MCLR or Base Rate, depending on the date of loan sanction.

    State Bank of Bikaner and Jaipur Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

    MCLR backed rates take current fiscal conditions into account, with the operating costs being a key factor in finalising these rates. Subject to change on a regular basis, these benchmarks ensure fair and equitable accountability. The current MCLR for 1 year at SBBJ stands at 9.55% per annum.

    Used car loan interest rates

    The final interest payable by a borrower depends on the tenure of a loan, with the table below highlighting the rates for different loan terms.

    Loan period Interest rate
    Less than 3 years MCLR + 2% = 11.55% per annum
    More than 3 years MCLR + 2.50% = 12.05% per annum

    State Bank of Bikaner and Jaipur interest rate for used cars (Based on Base Rate)

    Borrowers who wish to continue paying interest according to the old system will be charged an interest equivalent to 9.85% per annum. SBBJ can choose to reduce this interest, depending on the relationship a borrower has with the bank.

    Note: Interest rates mentioned here are as of June 8, 2016. SBBJ reserves the right to modify/change these rates without prior notice and applicants are advised to check rates before applying.

    Security:

    As collateral, a nominal charge on the car funded is noted with the local Transport Authorities. A guarantee from the parties involved is mandatory as the loan sum is fixed. You also have the choice to pay back early and finish off the loan sooner as there is no advance payment penalty levied. Rest assured that there is complete transparency with regards to the rate of interest and the fees levied.

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