How to get SBI Car Loan

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Who can get SBI Car Loan?

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1. The age of the applicant/individual should be between 21 years to 65 years.

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2. The applicant should be either a Central/State Government employee, a professional or a self-employed person or a person engaged in agriculture and allied activities.

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Features of SBI Car Loan 1. Get financing up to 90% of the vehicle's on-road value. 2. Find the longest repayment tenure up to 7 years.

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3.No advance EMI will be required to be paid. 4. SBI Life Insurance cover is available with Car Loan (optional). 5. Interest is calculated on the basis of daily decreasing balance.

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Important Documents for SBI Car Loan:-

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Salaried Person 1. Car loan application form 2. Bank statement for last 6 months 3.ID and Address Proof 4. 2 passport sized photographs 5. Income proof: Salary Slip, Form 16, and ITR for 2 years

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Self-Employed Person 1.Car loan application form 2.Bank statement for last 6 months 3. ID and Address Proof 4.2 passport sized photographs 5. Income proof: Form 16 and ITR for 2 years

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Agriculturist Person 1. Car loan application form 2. Bank statement for last 6 months 3. ID and Address Proof 4. 2 passport sized photographs 5. Bank accepts crop pattern and documents of holding and documentary proof of cultivation

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