Auto Loans - Interest Rates
Auto Loans
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: 9.00%) | |
---|---|---|
i) SBI Car Loan, |
From 9.20% to 10.15% |
|
Loyalty Car Loan Scheme |
SBI Car Loan, NRI Car Loan |
From 9.15% to 10.10% (CIC Based rates are applicable) |
SBI Green Car Loan (For Electric Cars) |
From 9.10% to 9.80% |
|
Certified Pre-owned Car Loan Scheme |
From 11.75% to 15.25% (CIC Based rates are applicable). |
|
SBI Two-Wheeler Loan |
13.35% to 14.85% (0.50% Concession available for EV) |
|
Super Bike Loan Scheme | 12.85% to 14.35% |
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 |
9.20% |
0.30% + 1 Year MCLR |
9.30% |
775 - 799 |
0.35% + 1 Year MCLR |
9.35% |
0.45% + 1 Year MCLR |
9.45% |
757-774 |
0.45% + 1 Year MCLR |
9.45% |
0.55% + 1 Year MCLR |
9.55% |
721-756 |
0.70% + 1 Year MCLR |
9.70% |
0.80% + 1 Year MCLR |
9.80% |
700-720 |
0.95% + 1 Year MCLR |
9.95% |
1.05% + 1 Year MCLR |
10.05% |
650-699 |
1.05% + 1 Year MCLR |
10.05% |
1.15% + 1 Year MCLR |
10.15% |
-1 (NTC) |
9.45% to 9.80% |
Mean Rate for Auto Loans for Quarter2 (FY 24-25): 9.27
Last Updated On : Tuesday, 19-11-2024
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