SBI Car Loan Madurai: Interest Rates 2024, Eligibility, EMI Details
SBI Car Loans in Madurai: Apply for lowest Interest car loans in Madurai with State Bank of India 2024. Compare EMI, Eligibility, Documents and Fees and Charges on Used, NRI and New Car loans in Madurai.
SBI Car Loan Details – EMI / Eligibility in Madurai
| Interest Rates | 8.90% to 9.70% |
| Loyalty Car Loan Scheme | 8.85% to 9.75% |
| Lowest EMI | Rs 1604/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 Lakh per year |
Compare all major banks car loan interest rates in India here
Special Offers on SBI Car loans in Madurai
- No Advance EMI | Lowest EMI on car loans
- 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
Branches of SBI in Madurai for Car Loans
- 7A West Veli Street, Madurai, Tamil Nadu 625001
- Bypass Rd, Chockikulam, Madurai, Tamil Nadu 625002
- Race Course Colony, Ramaond Reserve Line, Madurai, Tamil Nadu 625020
- New Natham Main Rd, Sivagami Nagar, Cs Nagar, Madurai, Tamil Nadu 625014
- Arasaradi Arapalayam Rd, Gnanavolivupuram, Arappalayam, Madurai, Tamil Nadu 625016
- Chinthamani, Anuppanadi, Madurai, Tamil Nadu 625009
- Anjal Nagar, Koodal Nagar, Madurai, Tamil Nadu 625018
- South Gate Branch, Manjanakkara Street,S Marret St, Panthadi, South Gate, Madurai, Tamil Nadu 625001
Documents Requirement for SBI Car Loans in Madurai:
You would need to submit the following documents along with the completed application form for apply sbi car loan
- 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
SBI Car Loan Madurai Contact Details Customer Care Number
Call SBI’s 24×7 helpline through Tollfree 1800 11 2211 (BSNL, MTNL), 1800 425 3800 or Toll no. 080-26599990.
About Madurai
Madurai is an energetic, ancient city on the Vaigai River in the South Indian state of Tamil Nadu. Its skyline is dominated by the 14 colorful gopurams (gateway towers) of Meenakshi Amman Temple. Covered in bright carvings of Hindu gods, the Dravidian-style temple is a major pilgrimage site. Millions attend the processions and ceremonies of April’s Chithirai Festival celebrating Meenakshi and Lord Vishnu.
The city covers an area of 242.97 km2 and had a population of 1,017,865 in 2011. The city is also the seat of a bench of the Madras High Court, one of only a few courts outside the state capitals of India.
The city is referred by various names like “Madurai”, “Koodal”, “Malligai Maanagar”, “Naanmadakoodal” and “Thirualavai”. The word Madurai is derived from Madhura (sweetness) arising out of the divine nectar showered on the city by the Hindu god Shiva from his matted hair.
