SBI CAR LOAN

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SBI CAR LOAN

Enjoy the joy of owning a car by taking a car loan in State Bank of India. The bank does not have any processing fee and pre-payment penalty on the loan. Get finance for buying a new car by taking an SBI car loan at a low interest. Individuals can repay the amount of the loan with the interest in a period of seven years maximum. The finance is granted by the bank for On-Road Price of the car that helps in getting money for registration, insurance, warranty extension, annual maintenance and buying car accessories. There are no foreclosure charges on the loan. The bank gives the facility of overdraft. The car that you plan to take the loan for should be a new car or a three months old car. Individuals can take the car loan for passenger cars and SUVs. Also, one can take the loan for buying a multi-utility vehicle or MUV.

The SBI car loan is available for people who are 21-65 years old. Individuals with a regular service who work in a government establishment, PSU, or a private company can take the loan. The loan is given for an amount forty-eight times of the monthly income. The car loan is available for professionals, self-employed people, and businesspersons. The loan is given for an amount of four times of the income or profit. People who earn their living by agriculture of allied activities can also apply for the car loan.