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Auto Loans

Auto Loans Interest Rates w.e.f. 15.01.2023 (Fixed Rate)

Scheme Interest Rate w.e.f. 15.01.2023 (1-year MCLR: 8.40%) 

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

 

From 8.55% to  9.35%

 

 

Loyalty Car Loan Scheme

SBI Car Loan, NRI Car Loan

From 8.50% to 9.30% (CIC Based rates are applicable)
SBI Green Car Loan (For Electric Cars) From 8.50% to 9.20%

Certified Pre-owned Car Loan Scheme

From 11.15% to 14.65% (CIC Based rates are applicable).

SBI Two-Wheeler Loan

17.65% to 19.40% 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 8.55% 0.25% + 1 Yr MCLR 8.65%
757 - 774 0.25% + 1 Yr MCLR 8.65% 0.35% + 1 Yr MCL 8.75%
721 - 756 0.50% + 1 Yr MCLR 8.90% 0.60% + 1 Yr MCLR 9.00%
700 - 720 0.75% + 1 Yr MCLR 9.15% 0.85% + 1 Yr MCLR 9.25%
650 - 699 0.85% + 1 Yr MCLR 9.25% 0.95% + 1 Yr MCLR 9.35%
-1(101-200) 8.65% to 9.00%

 

Super Bike Loan Scheme

S. No CIBIL Score     Salaried Customer/ Defence Pensioners Others
1 >= 741 3.50 + 1yr MCLR   11.90% 4.50+ 1yr MCLR 12.90%
2 731-740 5.00+ 1yr MCLR   13.40% 6.00+ 1yr MCLR 14.40%
3 700-730 and (New to credit) 10.75+1yr MCLR   19.15% 11.75+ 1yr MCLR 20.15%

 Mean Rate for Auto Loans : 8.50%


Last Updated On : Monday, 16-01-2023

Interest Rates

8.55% p.a.

 

*T&C Apply.

 

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