Auto Loans - Interest Rates
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Auto Loans Interest Rates
(Fixed Rate-Interest Rate applied at the time of disbursement will remain same for the entire loan period)
Scheme | (1-year MCLR: 8.65%) | |
---|---|---|
i) SBI Car Loan, |
From 8.85% to 9.80% |
|
Loyalty Car Loan Scheme |
SBI Car Loan, NRI Car Loan |
From 8.80% to 9.75% (CIC Based rates are applicable) |
SBI Green Car Loan (For Electric Cars) | From 8.75% to 9.45% | |
Certified Pre-owned Car Loan Scheme |
From 11.40% to 14.90% (CIC Based rates are applicable). |
|
SBI Two-Wheeler Loan |
13.00% to 14.50% (0.50% Concession available for EV) |
Finer pricing for New Car Loans based on CIC scores
CIC Score |
Term of Loan |
|||
3-5 Years |
Above 5 Years |
|||
800 & above |
0.20% + 1 Year MCLR |
8.85% |
0.30% + 1 Year MCLR |
8.95% |
775 - 799 |
0.35% + 1 Year MCLR |
9.00% |
0.45% + 1 Year MCLR |
9.10% |
757-774 |
0.45% + 1 Year MCLR |
9.10% |
0.55% + 1 Year MCLR |
9.20% |
721-756 |
0.70% + 1 Year MCLR |
9.35% |
0.80% + 1 Year MCLR |
9.45% |
700-720 | 0.95% + 1 Year MCLR | 9.60% | 1.05% + 1 Year MCLR | 9.70% |
650-699 |
1.05% + 1 Year MCLR |
9.70% |
1.15% + 1 Year MCLR |
9.80% |
-1(NTC) |
9.10% to 9.45% |
Super Bike Loan Scheme
S.No. |
CIBIL Score |
Salaried customers / Defense / Pensioners |
Others |
||
1 |
>=741 |
3.50% + 1 Year MCLR |
12.15% |
4.50 + 1 Year MCLR |
13.15% |
2 |
731-740 |
5.00% + 1 Year MCLR |
13.65% |
6.00 + 1 Year MCLR |
14.65% |
3 |
700-730 and (New to Credit) |
10.75% + 1 Year MCLR |
19.40% |
11.75 + 1 Year MCLR |
20.40% |
Mean Rate for Auto Loans: 9.00%
Last Updated On : Monday, 01-01-2024
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Loan Schemes Landing
Loan Against Securities And Consumer Durable Loans
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above