You can finance your brand new car on your monthly income, then State Bank Of India is a suitable lender. To borrow a loan for the purchase of a car, you just need to apply for it to the bank. And it offers the best car loan rates to customers on their selected brands. As it avails the loan based on the applicant eligibility. Read the given article to know about SBI car loans in detail.
Attractive features of SBI on car loans! SBI offers a wide range of benefits on your car purchase starting from its lowest EMI. You can easily handle the SBI car loan with a maximum repayment duration of 7 years. And every individual who has a regular income and belongs to salaried, self-employed or agriculture can apply for the loan. The eligible age for SBI new car loan is 21 to 67 years for the customers, and they can get the loan after submitting their ID and income proofs. The existing SBI customers can apply for the car loan by checking pre-approved offers. And they get the best car loan rates on their borrowed amount if their CIBIL is 700 or above. SBI new car loan interest rate starts from 8.50%-9.20% per annum. The car loan interest rates charged on daily reducing balance of the loan. How can I apply for an SBI car loan via Yono? The SBI customers can use the Yono app to apply for a car loan. It is the official SBI mobile banking app for the customers using which they can handle their banking on their mobile phones. Another benefit of using Yono app for SBI car loan is that you can get a lower rate of interest. Because of auto loans, SBI provides an 8.25%-8.50% starting interest rate on car loans from the Yono app. You can finance 90% on-road price of the new car with the SBI new car loan, and can take the benefit of best car loan rates on it. No such documents are needed if you apply for a car loan from Yono. Just the salary slip and 2 photographs are required with address proof. Safety with the SBI car loan! You get an option of SBI life insurance cover, with the help of which, you can secure your family or any kind of medical emergency when you meet with a road accident. The borrower can take life insurance to maintain security towards their loved ones and personal health. You can also not ignore the service maintenance of your car and the extended insurance and warranty of the SBI car loan. Using the insurance of your car loan, you can get relieved of the damage cost of your new car. Now, financing a car is not a big deal with SBI, because its best car loan rates and services make your car purchase a joyful ride for you. And if you have any queries related to the car loan, you can dial 1800 11 2211.
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Anika Sharma
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