SBI Car Loan EMI Calculator 2024 – Calculate EMI Online
SBI car Loan Emi Calculator – Within a Minute you can calculate your Loan Emi for car Loan. Get quotes on eligibility instantly (एसबीआई कार लोन इमआई कैलकुलेटर).
Interest Rates starts from 8.60% – 9.65% for others so calculate emi on the basis of these rates.
SBI Car Loan EMI Calculator
State Bank of India offers car loan in various schemes like Combo scheme, new car loan, pre owned car loan and used car loan scheme.
SBI provide the best car loan scheme for you
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| Repayment Period | 7 Years Maximum |
| Interest Rates | 8.60% to 9.65% |
| Lowest EMI | 1589/Lakh |
| Minimum Income Required | 25000 per month |
SBI Car Loan Eligibility
To avail an SBI Car Loan, you should be :
- All individual between the age of 21-65 years of age are eligible for car loans
- All regular employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment.
- Professionals, self-employed, businessmen, proprietary/partnership firms who is an income tax assessee.
- Person engaged in Agricultural and allied activities.
- Net Annual Income Rs. 3,00,000/- and above are required for sbi car loans
For customer information, For example a user applied for car loan amount Rs. 8,00,000 amount @ 8.30% for 60 months. So for customer value we calculated emi, interest amount which is paid for Car Loan in 5 years
| Car Loan Amount | Interest Rate | Loan Tenor | EMI / Month | Interest paid in 5 years |
| 7,00,000.00 | 8.30% | 60 months | Rs 16,336 | Rs 1,80,173 |
Year wise calculation chart
| Year | Principal | Interest | Balance Amount |
| 1 | Rs. 134,680 | Rs. 61,352 | Rs. 665,320 |
| 2 | Rs. 146,291 | Rs. 49,741 | Rs. 519,029 |
| 3 | Rs. 158,907 | Rs. 37,125 | Rs. 360,122 |
| 4 | Rs. 172,610 | Rs. 23,422 | Rs. 187,512 |
| 5 | Rs. 187,624 | Rs. 8,538 | Rs. 0 |
Repayment or Maximum Number of EMI
You can enjoy the longest repayment period on EMI scheme’s in the industry with SBI as long as 84 months or 7 Years.
For customer prospective below are the sample of calculations of Average loan amount for 7 years & 5 years. Users can calculate loan emi as per their needs via above calculator online.
| Loan amount | Interest Rate | EMI for 7 Years | EMI for 5 year |
| 3 Lakh | 8.30% | 4721 | 6126 |
| 4 lakh | 8.30% | 6294 | 8168 |
| 5 Lakh | 8.30% | 7868 | 10210 |
| 6 Lakh | 8.30% | 9442 | 12252 |
| 7 Lakh | 8.30% | 11015 | 14294 |
| 8 Lakh | 8.30% | 12589 | 16336 |
| 10 Lakh | 8.30% | 15736 | 20420 |
| 12 Lakh | 8.30% | 18883 | 24504 |
| 14 Lakh | 8.30% | 22031 | 28588 |
| 15 lakh | 8.30% | 23604 | 30630 |
| 18 Lakh | 8.30% | 28325 | 36756 |
| 20 Lakh | 8.30% | 31472 | 40841 |
| 22 Lakh | 8.30% | 34619 | 44925 |
| 25 Lakh | 8.30% | 39340 | 51051 |
| 28 Lakh | 8.30% | 44061 | 57177 |
| 30 Lakh | 8.30% | 47208 | 61261 |
Available Calculators of State Bank of India:
SBI Home loan eligibility calculator
SBI personal loan emi calculator
Source: State Bank of India Website.
