Auto Loans - Interest Rates
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
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years
Loan Schemes Landing

Loan Against Securities And Consumer Durable Loans

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years