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Auto Loans

Auto Loans Interest Rates w.e.f. 15.05.2022 (Fixed Rate)

Scheme Interest Rate w.e.f.15.05.2022 (1-year MCLR: 7.20%)

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

 

From 7.45% to  8.15%

 

 

Loyalty Car Loan Scheme

SBI Car Loan, NRI Car Loan

From 7.40% to 8.10%(CIC Based rates are applicable) #
SBI Green Car Loan (For Electric Cars) From 7.25% to 7.60%

Certified Pre-owned Car Loan Scheme

From 9.45% to 12.45% (CIC Based rates are applicable).

SBI Two-Wheeler Loan

16.45% p.a. to 18.20% p.a.

 

Finer pricing for New Car Loans based on CIC scores 

CIC Score  Term of Loan 
3-5 years Above 5 years
757 & ABOVE 0.25% + 1 Yr MCLR 7.45% 0.35% + 1 Yr MCLR 7.55%

721-756

0.50% + 1 Yr MCLR

7.70%

0.60% + 1 Yr MCL

7.80%

689-720

0.75% + 1 Yr MCLR

7.95%

0.85% + 1 Yr MCLR

8.05%

606-688

0.85% + 1 Yr MCLR

8.05%

0.95% + 1 Yr MCLR

8.15%
-1

7.45% to 7.80%

#For Women concession of 5 basis points in this category of 606-688 CIC Score

Super Bike Loan Scheme

S. No CIBIL Score     Salaried Customer/ Defence Pensioners Others
1 >= 741 3.50 + 1yr MCLR   4.50+ 1yr MCLR
2 731-740 5.00+ 1yr MCLR   6.00+ 1yr MCLR
3 700-730 and (New to credit) 10.75+1yr MCLR   11.75+ 1yr MCLR

 Mean Rate for Auto Loans : 8.25%


Last Updated On : Wednesday, 18-05-2022

Interest Rates

7.45% p.a.

 

*T&C Apply.

 

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