SBI Car Loan Mohali | Lowest Interest Rates 2024 | Information

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

SBI Car Loan Mohali Information

Offers on SBI Car loans in Mohali

• 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 Mohali for Car Loans

• Address: LCPC , Plot No. D 173 Phase 8-B, Industrial Area, Sahibzada Ajit Singh Nagar, Punjab 160061
• Address: 45, Sarovar Path, Phase 7, Sector 61, Sahibzada Ajit Singh Nagar, Punjab 160062

Documents Requirement for Loans in Mohali:

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 Mohali:

Mohali is a city adjacent to Chandigarh, 18th District in Punjab, India. It is officially named after the eldest son of Guru Gobind Singh, Sahibzada Ajit Singh. It, along with Chandigarh and Panchkula, form a part of the Chandigarh Tricity.