Your age should be between 21 years to 67 years to get SBI car loan. Under SBI Car Loan Offer, you can get 90% of the total on-road price of your favorite vehicle as a loan.
SBI is offering car loan at low interest rate
If you are planning to buy a car in the coming few days and are looking for good loan offers, then this news is for you. Yes, India’s largest government bank – State Bank of India (State Bank of India) We have come up with great car loan offers for you. SBI car loan (Car Loan) The most important thing is that if you are eligible for the loan based on all the terms and conditions, then you do not even need to visit the bank branch and you can use SBI’s YONO mobile app while sitting at home. (SBI Yono App) You can apply for loan from.
Features of SBI Car Loan Offer
According to the information given on SBI’s website, your age should be between 21 years to 67 years to get SBI car loan. Under SBI Car Loan Offer, you can get 90% of the total on-road price of your favorite vehicle as a loan. For which you will have to repay the loan at an annual interest rate of 7.25 percent. You will be given 7 years to repay the loan. Under this car loan offer from State Bank, you will not have to pay any money in the form of processing fees and prepayment charges. Let us tell you that under this offer you can buy only new passenger cars, including SUVs and MUVs.
It’s time to turn on your dreams with SBI Car Loan. What are you waiting for? Apply Now on YONO app or visit https://t.co/w57G1s13tp#SBICarLoan #SBI #StateBankOfIndia #YONOSBI #AmritMahotsav #AzadiKaAmritMahotsavWithSBI pic.twitter.com/0h6DxZKfnf
— State Bank of India (@TheOfficialSBI) March 1, 2022
Eligibility for State Bank of India Car Loan
| Social class | income criteria | Maximum loan amount |
|---|---|---|
| Regular employees of Central Public Sector Undertakings (Maharatna/Navratna/Miniratna). Defense Salary Package (DSP), Para Military Salary Packche (PMSB) and Indian Coast Guard Pay Patch (IGSP) customers and Short Commissioned Officers of various Defense Establishments. | The total net annual income of the applicant and/or co-applicant, if any, should not exceed Rs. 3,00,000/- should be Rs. | 48 times the net monthly income. |
| Professionals, Self-employed, Businessmen, Proprietorship/Partnership Firms and others who are Income Tax Payers. | Rupee. 3,00,000/- per annum net profit or gross taxable income. (Income of the co-applicant can be clubbed together). | 4 times net profit or gross taxable income after adding depreciation and repayment of all current debts |
| Persons engaged in agriculture and other allied activities. Income tax return is not required in case of agriculturists. | The total net annual income of the applicant and/or co-applicant, if any, should not exceed Rs. 4,00,000/- should be Rs. | three times the net annual income |
Documents required for employed people
Bank account details of last 6 months
– 2 passport size photographs
– ID proof
– Address proof
– Latest salary slip for income proof, Form 16
Income tax return or Form 16 for the last two years
– ID Proof- (copy of any one) Passport / PAN card / Voter ID card / Driving license etc.
Documents required for address proof (copy of any one) ration card / driving license / voter ID card, passport, telephone bill / electricity bill, life insurance policy
Documents required for non-employed, professional, businessman
Bank account details for the last 6 months
– 2 passport size photographs
– ID proof
– Address proof
– ITR of last two years for income proof
Income Tax Return or Form 16 for the last two years.
– Audited Balance Sheet, Profit and Loss Statement for two years, Shop and Establishment Act Certificate/Sales Tax Certificate/SSI Registered Certificate, Copy of Partnership
person engaged in agriculture and allied activities
Bank account details for the last 6 months
– 2 passport size photographs
– ID proof
Address Proof- Direct Agricultural Activity (Crop Growing)
– Khatra / Chitta Adangal (in which cropping pattern is displayed) Patta / Khatauni (by which land holding is established) with photo.
– All – The land should be wholly owned and the proof of ownership should be in the name of the borrower.
– Allied agricultural activity (such as dairy, poultry, horticulture)
Documentary evidence of performing these activities should be presented.
If you want to know more about this car loan offer of State Bank of India then you can call on 1800-11-2211. Apart from this, you can also text message by writing missed call to 7208933142 or CAR to 7208933142 for call back. Along with this, you can also get all the necessary information related to car loan by visiting the website of State Bank of India.
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