SBI Car Loan Mysore | Lowest Interest Rates 2024
SBI Car Loans in Mysore: Apply for lowest Interest car loans in Mysore with State Bank of India 2024. Compare EMI, Eligibility, Documents and Fees and Charges on Used, NRI and New Car loans in Mysore.
SBI Car Loan Details – EMI / Eligibility in Mysore
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 Mysore
- 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 Mysore for Car Loans
Documents Requirement for SBI Car Loans in Mysore:
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 Mysore 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 Mysore:
Mysore is the second-largest city in the state of Karnataka, India. Located at the base of the Chamundi Hills about 146 km southwest of the state capital Bangalore, it is spread across an area of 128.42 km.
Mysuru is famous in the world for its sandalwood and rosewood artifacts, stone sculptures, incense sticks, inlay work with ivory and its exquisite silk sarees. Mysuru emerged to be one of the major IT hubs in Karnataka. Mysuru is second in state for software exports.
Demonym(s): Mysorean, Mysurinavaru
District: Mysore
Elevation: 770 m (2,503 ft)
Postal Index Number: 570 0xx