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Auto Loans

Auto Loans Interest Rates (Fixed Rate)

Scheme Interest Rate (1 year MCLR: 7.00%)

i) SBI Car Loan, ii) NRI Car Loan, iii) Assured Car Loan Scheme

 

 

From 7.25% to  7.95%

 

 

Loyalty Car Loan Scheme

SBI Car Loan, NRI Car Loan

From 7.20% to 7.90%

Certified Pre-owned Car Loan Scheme

Men: 1.75% above 1 year MCLR i.e. 8.75% p.a

For Women: 1.70% above 1 year MCLR i.e. 8.70% p.a.

Certified Pre-owned Car Loan Scheme

From 9.25% to 12.75%

Super Bike Loan Scheme

3.25% above 1 year MCLR i.e. 10.25% p.a

SBI Two-Wheeler Loan

16.25% p.a. to 18.00% p.a.

 

Finer pricing for New Car Loans based on CIC scores 

CIC Score  Finer pricing for New Car Loans based on CIC Scores
Term of Loan 
3-5 years Above 5 years
757 & ABOVE 0.25% + 1 Yr MCLR 7.25% 0.35% + 1 Yr MCLR 7.35%

721-756

0.50% + 1 Yr MCLR

7.50%

0.60% + 1 Yr MCL

7.60%

689-720

0.75% + 1 Yr MCLR

7.75%

0.85% + 1 Yr MCLR

7.85%

606-688

0.85% + 1 Yr MCLR

7.85%

0.95% + 1 Yr MCLR

7.95%
-1

7.25% to 7.60%

#For Women concession of 5 basis points in this category of 606-688 CIC Score

 Mean Rate for Auto Loans : 9.52%


Last Updated On : Monday, 04-10-2021

Interest Rates

7.25% p.a.

 

*T&C Apply.

 

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