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.
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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?
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.
