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