Get Car Loan Easy 5 Steps

SBI provide the best car loan scheme for you to take a loan for purchase of used car, not more than 5 years old.

SBI offers you:

• No Advance EMI;

• Longest repayment tenure (7 years);

• Lower interest rates

• Lower EMI;

• LTV 85% of ‘On Road Price’ of car (includes registration, insurance and cost of accessories worth Rs 25000),

• Interest Calculated on Daily Reducing Balance;

• Flexibility of payment of EMI anytime during the month;

• Low pre-payment penalty, only 2%;

• Low processing fee (only 0.50% of loan amount);

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• Free Accidental insurance ;

• Optional SBI Life cover.