(Calculate EMI for SBI Car Loans quickly and accurately. Use our SBI Car Loan EMI Calculator to plan your finances and find the best loan options.)
Below is a detailed breakdown of how your payments are distributed:
| 🗓 Month | 💸 Principal (P) | 💰 Interest (I) | 💳 Total (P+I) | 💼 Pending |
|---|
An SBI Car Loan EMI Calculator is a highly reliable online tool designed to help you accurately determine your monthly vehicle loan installments (EMIs). By entering key details such as the loan amount, interest rate, and loan tenure, the calculator generates an immediate and precise estimate of your monthly payments. With its straightforward interface and accurate computations, the SBI Car Loan EMI Calculator helps you make informed decisions and manage your finances with confidence.
Wow! only in 3 step your work done.
Enter the total amount of the loan you wish to borrow after deduction of down payment (that approx 10% to 20% of total vahicle cost).
Input the applicable interest rate for your Car Loan (that approx 9 to 10 as your CIBIL or Vahicle cost).
Select the duration over which you plan to repay the loan of vahicle.
The calculator will then display your monthly EMI, breaking down the principal and interest components. This helps you understand the financial commitment required and allows you to plan accordingly.
To avail an SBI Car Loan, you should be an individual aged 21 to 70 years, belonging to one of the following 3 categories:
| Category | Income Criteria | Max. Loan Amount |
|---|---|---|
Regular Employees and Defence Personnel
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Combined annual income of the applicant and co-applicant (if any) should be at least ₹3,00,000. | Up to 48 times your net monthly income. |
Professionals, Self-employed, and Business Owners
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Net profit or gross taxable income should be at least ₹3,00,000 per year. (Income of co-applicant can be combined.) | Up to 4 times net profit or gross taxable income as per ITR, after depreciation and existing loan repayments. |
Agriculturists
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Combined annual income of the applicant and co-applicant should be at least ₹4,00,000. | Up to 3 times your net annual income. |
| Category | Documents Required |
|---|---|
| Salaried Individuals |
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| Non-Salaried Individuals (Professionals/Business Owners) |
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| Agriculturists |
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| (1) Lowest Interest Rates & EMI | (2) Longest Repayment Tenure (7 years) |
| (3) Financing also available on Upto 90% ‘On-Road price' | (4) On-Road price includes Registration & Insurance |
| (5) Interest calculated on Daily Reducing Balance | (6) For purchase of new passenger cars, MUVs, and SUVs |
| (7) Optional SBI Life Insurance cover available | (8) No foreclosure charges after 2 years |
| Processing Fee: Click here to view the Processing Fee | Interest Rate: Click here to view the interest rates |
Bank has an exclusive Flexi pay option for its customers. Borrowers can choose from two options:
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| Dial 1800-11-2211 for more information or applying through Contact Centre. Give a Missed Call on 7208933142 or SMS “CAR” on 7208933145 to get a call back from our Contact Centre. | |
| Scheme | Interest Rate |
|---|---|
| SBI Car Loan, NRI Car Loan, Assured Car Loan Scheme | From 9.15% to 10.10% |
| Loyalty Car Loan Scheme | From 9.10% to 10.05% (CIC Based rates are applicable) |
| SBI Green Car Loan (For Electric Cars) | From 9.05% to 9.75% |
| Certified Pre-owned Car Loan Scheme | From 11.70% to 15.20% (CIC Based rates are applicable) |
| SBI Two-Wheeler Loan | 13.30% to 14.80% (0.50% Concession available for EV) |