SBI Car Loan

SBI car-loan schemes include new-car, NRI, loyalty, assured, green/electric and certified pre-owned variants.

8.70%–9.85% p.a.Interest Rate

—Loan Amount

—Tenure

₹500 + GST to ₹2,000 + GST for new-car loans depending on amount/customer segmentProcessing Fee

Bank / LenderState Bank of India

Product TypeAuto Loan

Interest Rate8.70%–9.85% p.a.

Loan Amount—

Tenure—

Processing Fee₹500 + GST to ₹2,000 + GST for new-car loans depending on amount/customer segment

EligibilityScheme-specific; pricing varies by CIC score, term and salaried/non-salaried segment.

Key Benefits

New car, NRI, loyalty, assured and green-car schemes; CIC-based pricing; electric-car concessions; financing features vary by scheme.

Eligibility

Scheme-specific; pricing varies by CIC score, term and salaried/non-salaried segment.

Fees & Charges

New vehicle processing fee: up to ₹5 lakh ₹500 salaried/pensioner or ₹750 non-salaried; >₹5–10 lakh ₹1,000/₹1,250; above ₹10 lakh ₹1,500/₹2,000 + GST.

How to Apply

Apply through SBI vehicle-loan channels/YONO where applicable.

Frequently Asked Questions

What is the starting SBI car-loan rate?

SBI lists new-car scheme rates from 8.70% p.a., with pricing varying by scheme and borrower profile.

Are electric-car loans priced differently?

SBI lists Green Car Loan rates from 8.75% to 9.85% and specific CIC-based pricing.

Source: Official lender website · Last verified 2026-08-31