(Updated on 06.02.2019) SBI Car Loan EMI Calculator February 2019 – Loansninsurances.com provides a simple tool to calculate Car Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee & more.
State Bank Of India Car Loan is one of the best & most preferred Car Loans with a wide range of benefits. State Bank Of India provides car loan to every segment of the population, viz: salaried professionals, self-employed professionals, partnership firms & agriculturalists to purchase any kind of cars or multi-utility vehicles at the lowest Car Loan Interest Rates, longest Loan Repayment Tenure, Interest on Daily Reducing Balance, and lots more. SBI Car Loan Eligibility Calculator is the most efficient tool to know your Car Loan Eligibility and also to avail the perfect affordable Car Loan.
SBI is also known for its widely renowned & tempting SBI Personal Loan & SBI Home Loan. Don’t think much!! Be a part of State Bank Of India.
Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Car loan EMI within seconds.
1.15% above 1 year MCLR i.e. 9.10% p.a.
1.10% above 1 year MCLR i.e. 9.05% p.a.
2.45% above 1 year MCLR i.e. 10.40% p.a.
2.40% above 1 year MCLR i.e. 10.35% p.a.
3.65% above 1 year MCLR i.e. 11.60% p.a.
*Vehicle Search Charges – (for Auto Loans) :- ₹ 50/- Per Search.
For example, a customer applied for car loan ₹ 5,00,000 amount, interest rate given by State Bank of India (SBI) is 9.25% for 60 months. Now you should have to check how much EMI, interest amount you will pay for your Car Loan.
Now you should have to figure out yearly basis car loan amount. Follow the given table for a complete break up, these values calculated on Nov 1, 2016.
Statement of bank’s account for last 6 months.
2 passport size photographs, completed application form.
Address Proof: Passport/ PAN Card/ Voters ID card/ Driving License etc.
Income Proof: Latest Salary Slip, Form 16; Income Proof: ITR for last 2 years.
I.T. Returns or Form 16 for the last 2 years, Allied agricultural activity (like Dairy, Poultry, Plantation/ Horticulture).
SBI has announced change in Car Loan interest rates on 2nd November 2017. the rates have been changed. This has been done post MCLR (Marginal Cost of Funds Based Lending Rates) rate cut on the very first day of November month. For a car loan customer, Interest ranges from 8.70 per cent to 9.20 per cent compared to the earlier 8.75 – 9.25 per cent per annum. However, the exact rate will depend on the amount of loan and the credit score of the individual.
This entry was posted in Tools & Calculators and tagged Car Loan EMI Calculator, SBI Car Loan Calculator, SBI Car Loan Eligibility Calculator, SBi Car Loan EMI, SBI New Car EMI, SBI Old Car EMI on July 1, 2016 by Karishma.