SbI Assured Car Loan Scheme

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Assured Car Loan Scheme

Features

  • Name of the Scheme : SBI ASSURED CAR LOAN SCHEME
  • Margin Required : 100% of Fixed Deposit for “On Road price”.
  • Eligible Age Group : People with Min. age 18 Year , No upper Age limit
  • Minimum Income Criteria : Income declared by applicant will be accepted.
  • What will be the maximum loan amount? : Min: Rs. 2 lacs, Max: No Limit.
  • EMI/NMI Ratio : Not Applicable
  • Repayment period : 3-7 Years, as per customer's choice

Documents Required

The following papers are to be submitted along with loan application :

  • Statement of Bank account of the borrower for last 6 months.
  • 2 passport size photographs of borrower/guarantor (s).
  • A copy of passport /voters ID card/PAN card.
  • Proof of residence by way of tax receipts, telephone bill, electricity bill or any other document that comply with the regulatory and/or KYC requirements. Proof of official address for non-salaried individuals.
  • Formalities for creation of charge on FD.

Interest Rates

8.40% p.a.

(On Applying through YONO)

8.65% p.a.

 

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