Used Car Loan

Used Car Loan :

  • Purchase of passenger cars, Multi Utility Vehicles (MUVs) and SUVs not more than five years old.
  • No Advance EMI;
  • Longest  repayment tenure (7 years);
  • Lowest interest rates;
  • Lowest EMI;
  • LTV 85% of ‘On Road Price’ of car (includes registration, insurance and   cost of accessories worth Rs 25000);
  • Interest Calculated on Daily Reducing  Balance;
  • Flexibility of payment of EMI anytime during the month;
  • Low pre-payment penalty, only 2%;
  • Low processing fee (only 0.51% of loan amount);
  • Free Accident insurance ; Optional SBI Life cover;
  • From SBI


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