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Auto Loans

Auto Loans Interest Rates w.e.f. 05.09.2022 (Fixed Rate)

Scheme Interest Rate w.e.f. 05.09.2022 (1-year MCLR: 7.70%)

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

 

From 7.85% to  8.65%

 

 

Loyalty Car Loan Scheme

SBI Car Loan, NRI Car Loan

From 7.80% to 8.60%(CIC Based rates are applicable) 
SBI Green Car Loan (For Electric Cars) From 7.95% to 8.30%

Certified Pre-owned Car Loan Scheme

From 10.45% to 13.95% (CIC Based rates are applicable).

SBI Two-Wheeler Loan

16.95% p.a. to 18.70% p.a.

 

Finer pricing for New Car Loans based on CIC scores 

CIC Score  Term of Loan 
3-5 years Above 5 years
775 & ABOVE 0.15% + 1 Yr MCLR 7.85% 0.25% + 1 Yr MCLR 7.95%

757 - 774

0.25% + 1 Yr MCLR

7.95%

0.35% + 1 Yr MCL

8.05%

721 - 756

0.50% + 1 Yr MCLR

8.20%

0.60% + 1 Yr MCLR

8.30%

700 - 720

0.75% + 1 Yr MCLR

8.45%

0.85% + 1 Yr MCLR

8.55%
650 - 699 0.85% + 1 Yr MCLR 8.55% 0.95% + 1 Yr MCLR 8.65%
-1

7.95% to 8.30%

 

Super Bike Loan Scheme

S. No CIBIL Score     Salaried Customer/ Defence Pensioners Others
1 >= 741 3.50 + 1yr MCLR   11.20% 4.50+ 1yr MCLR 12.20%
2 731-740 5.00+ 1yr MCLR   12.70% 6.00+ 1yr MCLR 13.70%
3 700-730 and (New to credit) 10.75+1yr MCLR   18.45% 11.75+ 1yr MCLR 19.45%

 Mean Rate for Auto Loans : 8.00%


Last Updated On : Thursday, 08-09-2022

Interest Rates

7.85% p.a.

 

*T&C Apply.

 

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