Sidbi Car Loan: Find Details on Interest Rates, Documents, EMI, Processing Fee, Prepayment charges, documents requirement, finance options for SUV, MUV and more, Emi calculations online at deal4loans
Interest Rates - 9.90% for New vehicle / 15.30 - 15.55% for used cars.
Repayment period - 7 Years for new cars
Quantum of Loan - maximum 3 times of annual income or 15 lakh for used cars
Margin - 15% of on road price of car.
Minimum Income - 75000 annual required for car loan.
Banks/Rates | HDFC Bank | Kotak | Axis Bank | State Bank of India (SBI) |
New Car Loan |
9.45% - 12.50% | 11.50% - 13.50% | 9.40% - 12.00% | 9.45%( for WOMEN) 9.50%( for Others) |
Processing Fee | Up to 2.5 Lakhs: Rs. 3220/-, (Above 2.5 Lac, Rs.4390/- to Rs.5870/-) | Rs.3300/- to Rs.4750/- | Rs.3500/- to Rs.5500/- | Nil |
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HDFC Bank ICICI Bank Kotak Mahindra SBI Magma Fincorp |