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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,
ii) NRI Car Loan,
iii) Assured Car Loan Scheme

 

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

8.65% p.a.

 

*T&C Apply.

 

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