SBI brings new year gift, giving car loan at cheap interest rate, process very easy

SBI Car Loan: The country’s largest bank, State Bank of India (SBI) has brought a special gift for customers in the new year.

SBI has taken special initiative in fulfilling your car dream. You can take a car loan at a cheaper interest rate. For this the process is also very easy, just you should have all the documents. In this car loan, you get the facility of instant loan transfer with cheap EMI, low interest rate, extremely low paper work.

Car loan will be available only at 7.50 percent

SBI will provide car loans at 7.50 percent interest rate only on the occasion of New Year. You can repay the loan for a maximum period of 7 years.

Also Read: Big news for SBI Account Customers! These rules will be applicable on large payments from January 1

Finance up to 90 percent on road price

The bank is financing up to 90 percent of the on road price of the car. In this, interest will be calculated on daily reducing balance. People from 21 years to 67 years can apply for this loan.

Can buy a car like this

Under this car loan facility of SBI, new passengers can buy cars, sports utility vehicle i.e. SUV and MPV. Three different income criterias have been fixed for the loan.

Salary class customers should have these documents

To apply for SBI car loan, the people getting salary will have to submit 6 months bank statements, two passport size photos, ID proof, address proof, income proof (latest salary slip and Form 16), ITR for last two years.

Documents required for professional or businessman

Such customers are required to have 6 months bank statements, two passport size photos, ID proof, address proof, income proof (ITR for last two years), audited balance sheet, two year P&L statement, shop certificate / sales tax certificate and other papers. needed. Customers related to agriculture and other business can also take this car loan.