SBI Car Loan— Interest Rates, Eligibility & How to Apply
SBI offers competitively priced car loans with long tenures, low processing fees and no foreclosure charges.
Soft check — comparing won't affect your credit score.
SBI Car Loan at a glance
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Figures are illustrative 2026 ranges and subject to the lender's current policy. See our editorial policy.
Why choose SBI?
- Among the lowest car-loan rates
- Tenure up to 8 years
- No foreclosure charge
- On-road price financing
How to apply via RupeeQuik
1. Compare
See your eligible car loan offers with a soft check.
2. Choose
Pick the best-fit offer by total cost, not just the headline rate.
3. Apply
Finish on the lender’s page — your verified details carry over.
SBI Car Loan — FAQs
What is the SBI car loan interest rate?+
SBI car loan rates start from around 9% p.a., depending on the car, loan-to-value and your credit profile.
How much of the car's price can SBI finance?+
SBI typically finances up to 85–100% of the on-road price for eligible borrowers.
What is the maximum car loan tenure at SBI?+
Car loan tenure usually extends up to 7 years for new cars; used-car tenures are shorter.
What documents are needed for a SBI car loan?+
KYC, income proof (salary slips or ITR), bank statements and the car/proforma invoice. Existing customers often get pre-approved offers.
