Car Loan

Check List Of Documents For SBI Auto Loans

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Following are the documents to be furnished by applicant for SBI Auto loans:

SBI Personal Car Loan Features (New, Used, Certified Pre-Owned and Reimbersement)

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SBI provides, different car loan schemes in the personal banking sector which attracts many common features. They are listed here with individual details. All are considered to be Term loans for purchase of New / Used / Certified Pre-owned passenger cars, Multi Utility Vehicles (MUVs) and SUVs. Used and Certified Pre-Owned car, MUV, SUV upto 5 years old.

SBI Loan Processing Fee - Personal Finance

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SBI Bank Loan Processing Fee Details In Personal Finance

Processing fee details of SBI Personal Finance products are given below. The complete and updated details are to be checked with SBI website.

SBI Certified Pre-Owned Car Loan

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SBI provide the best car loan scheme for purchasing of Certified Pre-owned Car, not more than 5 years old. This loan would be the best choice for people who wish to test a car for a short period and then buy a brand new luxury car in the later stage.

SBI NRI Car Loan Scheme - Details and Documents Required

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A major misunderstanding noticed among overseas Indians who wish to avail a car loan can be had from the bank without involvement of any others. It is mandatory requirement for every NRI loan could be passed only if person has a close relative who will be the principal applicant. More clearly, the actual Borrower or applicant should be a resident Indian of the NRI Guarantor.

SBI SME Auto Loan (SBI FRTO Loan)

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SBI SME Auto loan allows Small and Medium Entrepreneurs (SME) for buying new and old vehicles such as auto-rickshaw, car, jeep, MUV of any model. Old vehicles should not be older than 4 years and be passed by the bank's assessment. This Term loan scheme also known as Finance for Road Transport Operators - FRTO.

SBI Used Car Loan Scheme

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Representative image - Used car for sale

SBI provides the best car loan scheme for you to take a loan for purchase of used car, not more than 5 years old. Featuring no Advance EMI, longest repayment tenure (7 years), lower interest rates, lower EMI, LTV 85% of ‘On Road Price’ of car (includes registration, insurance and cost of accessories worth Rs 25000), interest Calculated on Daily Reducing Balance, Flexibility of payment of EMI any time during the month, low pre-payment penalty ie. only 2%, low processing fee (only 0.50% of loan amount), free Accidental insurance, optional SBI Life cover.

SBI Car Loan Details and Documents Required To Be Submitted

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SBI offers car loans for the longest tenors (84 months) and also provides finance for both new cars as well as old cars (not more than five years old). Interest for Car loans shall be on daily reducing balance, unlike the flat rate of interest or interest based on annual reducing balance method used by several other financiers. Finance includes for one-time road tax, registration fee and insurance premium also.