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SBI Car Loan Srinagar: Interest Rates 2024, Eligibility, EMI Details

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SBI Car Loans in Srinagar: Apply for lowest Interest car loans in Srinagar with State Bank of India 2024. Compare EMI, Eligibility, Documents and Fees and Charges on Used, NRI and New Car loans in Srinagar.

SBI Car Loan Details – EMI / Eligibility in Srinagar

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 Srinagar

  • 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 Srinagar for Car Loans

  • Aerodrome Rd, Peerbagh, Srinagar, Jammu and Kashmir
  • Hazuri Bagh, Srinagar, Jammu and Kashmir 190008
  • Regal Chowk, Munshi Bagh, Srinagar, Jammu and Kashmir 190001
  • Baghat, Srinagar, Jammu and Kashmir 190015
  • Sanat Nagar, Rawalpora, Srinagar, Jammu and Kashmir 190015
  • Hazratbal Rd, Rainawari, Srinagar, Jammu and Kashmir 190003
  • Ram Munshi Bagh, Guzarwaan Mohalla, Sonwar, Srinagar, Jammu and Kashmir 190004
  • National Highway 1A, Ram Munshi Bagh, Guzarwaan Mohalla, Sonwar, Srinagar, Jammu and Kashmir 190004

Documents Requirement for SBI Car Loans in Srinagar:

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 Srinagar 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 Srinagar

Srinagar is the largest city of the Kashmir Valley and the summer capital of the Indian state of Jammu and Kashmir. It lies on the banks of the Jhelum River, a tributary of the Indus, and Dal and Anchar lakes. The city is famous for its gardens, waterfronts and houseboats. It is also known for traditional Kashmiri handicrafts and dried fruits.

Srinagar is one of several places that have been called the “Venice of the East” or the “Kashmiri Venice” Lakes around the city include Dal Lake – noted for its houseboats – and Nigeen Lake. Apart from Dal lake and Nigeen lake city is also famous for wular lake and manasbal lake to the north of srinagar. Wular lake is one of the largest fresh water lakes in Asia.

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