Auto Loans - Interest Rates
Auto Loans
Auto Loans Interest Rates w.e.f. 19.04.2023
(Fixed Rate-Interest Rate applied at the time of disbursement will remain same for the entire loan period)
Scheme | Interest Rate w.e.f. 19.04.2023 (1-year MCLR: 8.50%) | |
---|---|---|
i) SBI Car Loan, |
From 8.65% to 9.65% |
|
Loyalty Car Loan Scheme |
SBI Car Loan, NRI Car Loan |
From 8.65% to 9.65% (CIC Based rates are applicable) |
SBI Green Car Loan (For Electric Cars) | From 8.60% to 9.30% | |
Certified Pre-owned Car Loan Scheme |
From 11.25% to 14.75% (CIC Based rates are applicable). |
|
SBI Two-Wheeler Loan |
17.75% to 19.50% 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 | 8.65% | 0.25% + 1 Yr MCLR | 8.75% | |
757 - 774 | 0.25% + 1 Yr MCLR | 8.75% | 0.35% + 1 Yr MCL | 8.85% | |
721 - 756 | 0.50% + 1 Yr MCLR | 9.00% | 0.60% + 1 Yr MCLR | 9.10% | |
700 - 720 | 0.75% + 1 Yr MCLR | 9.25% | 0.85% + 1 Yr MCLR | 9.35% | |
650 - 699 | 1.05% + 1 Yr MCLR | 9.55% | 1.15% + 1 Yr MCLR | 9.65% | |
-1(101-200) | 8.75% to 9.10% |
Super Bike Loan Scheme
S. No | CIBIL Score | Salaried Customer/ Defence Pensioners | Others | ||
---|---|---|---|---|---|
1 | >= 741 | 3.50 + 1yr MCLR | 12.00% | 4.50+ 1yr MCLR | 13.00% |
2 | 731-740 | 5.00+ 1yr MCLR | 13.50% | 6.00+ 1yr MCLR | 14.50% |
3 | 700-730 and (New to credit) | 10.75+1yr MCLR | 19.25% | 11.75+ 1yr MCLR | 20.25% |
Mean Rate for Auto Loans: 9.00%
Last Updated On : Thursday, 20-04-2023

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Loan Schemes Landing

Loan Against Securities And Consumer Durable Loans

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above