Car Loan 

SBI Car Loan Bihar | Lowest Interest Rates 2024 | Information

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Apply for SBI Car Loans in Bihar: Get lowest Interest car loans in Bihar with State Bank of India. Compare EMI, Eligibility, Documents and Fees and Charges on Used, NRI and New Car loans in Bihar.

SBI Car Loan Bihar Information

Interest Rates 8.40% to 9.25%
Loyalty Car Loan Scheme 8.40% to 9.20%
Lowest EMI Rs 1579/lakh
Processing fees NIL
Prepayment charges Nil
Repayment options Up to 7 years
Maximum loan amount Up to 4 times of net annual income
Loan approval time 30 Minutes
Maximum Finance Upto 90% of on Road Price
Min. Income 3.00 Lakh annual

Offers on SBI Car loans in Bihar

  • No Advance EMI | Lowest EMI
  • Longest repayment tenure (7 years)
  • LTV 85% of ‘On Road Price’ of car, in case of Corporate Salary Package accounts
  • Flexibility of payment of EMI anytime during the month
  • No pre-payment penalty
  • Free Accident insurance – Optional SBI Life cover

Major Branches of SBI in Bihar for Car Loans

  • Address: West Gandhi Maidan, Patna, Bihar 800001
  • Address: Danapur Main Road, Danapur Cantonment, Patna, Bihar 801503
  • Address: 3Rd Floor Abdul Hai Commercial Complex Exhibition Road Patna, Exhibition Rd, Salimpur Ahra, Golambar, Patna, Bihar 800001
  • Address: KP Rd, Purani Godaam, Dulhingunj, Gaya, Bihar 823001

  • Address: Bhikhanpur, Bhagalpur, Bihar 812002
  • Address: Khanjarpur, Bhagalpur, Bihar 812001
  • Address: P.O.-BIHAR UNIVERSITY CAMPUS, Pokhraira, Muzaffarpur, Bihar 842001
  • Address: Anand Puri Rd, Barhanpura, Muzaffarpur, Bihar 842003
  • Address: NH 57, Muzaffarpur, Bihar 842001

  • Address: Line Bazar, Naya Tola, Purnea, Bihar 854301

Documents Requirement for Loans in Bihar:

You would need to submit the following documents along with the completed application form:

  • Statement of Bank account of the borrower for last 6 months.
  • 2 passport size photographs of borrower(s).
  • A copy of passport /voters ID card/PAN card.
  • Proof of residence.
  • Latest salary-slip showing all deductions
  • I.T. Returns/Form 16: 2 years for salaried employees and 2 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable
  • Proof of official address for non-salaried individuals

About Bihar:

Bihar is a state in northern India. It is the 12th largest state in terms of geographical size at 38,202 sq mi and 3rd largest by population. Almost 58% of Biharis are below the age of 25, which is the highest proportion in India.

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