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Auto Loans

Auto Loans

SBI Auto Auto / Vehicle Loans Interest Rates

Auto Loans Interest Rates

(Fixed Rate-Interest Rate applied at the time of disbursement will remain same for the entire loan period)

Scheme (1-year MCLR: 8.70%)

i) SBI Car Loan,
ii) NRI Car Loan,
iii) Assured Car Loan,

 From 8.70% to 9.85%
Loyalty Car Loan Scheme From 8.70% to 9.80%
Green Car Loan (For Electric Cars) From 8.70% to 9.85%

Certified Pre-owned Car Loan Scheme

From 10.45% to 15.60% (CIC Based rates are applicable).

SBI Two-Wheeler Loan

11.70% to 15.70% (0.50% Concession available for Electric Two-wheeler)
Super Bike Loan Scheme 12.55% to 14.55%

 

Finer pricing for New Car Loans based on CIC scores 

(A) SALARIED & PENSIONERS SEGMENT

                                                                                                    ROI Structure
CIC Score Term of Loan
3-5 Years Above 5 Years

800 & above

At 1 Year MCLR

8.70%

At 1 Year MCLR

8.70%
775-799 At 1 Year MCLR 8.70% At 1 Year MCLR 8.70%
757-774 0.15% above 1 Year MCLR 8.85% 0.25% above 1 Year MCLR 8.95%
721-756 0.35% above 1 Year MCLR 9.05% 0.45% above 1 Year MCLR 9.15%
700-720 0.75% above 1 Year MCLR 9.45% 0.85% above 1 Year MCLR 9.55%
650-699 1.05% above 1 Year MCLR 9.75% 1.15% above1 Year MCLR 9.85%

Based on RSM Score – NTC (101-200)
RSM Score 3-5 Years ROI(%) Above 5 Years ROI (%)
>=71  0.25% + 1 Year MCLR 8.95 0.35% + 1 Year MCLR 9.05
41-70 0.50% + 1 Year MCLR 9.20 0.60% + 1 Year MCLR 9.30

 

(B) NON-SALARIED SEGMENT

                                                                                                    ROI Structure
CIC Score Term of Loan
3-5 Years Above 5 Years

800 & above

 1 Year MCLR

8.70%

0.10% above 1 Year MCLR

8.70%
775-799 0.15% above 1 Year MCLR 8.85% 0.25% above 1 Year MCLR 8.95%
757-774 0.25% above 1 Year MCLR 8.95% 0.35% above 1 Year MCLR 9.05%
721-756 0.50% above 1 Year MCLR 9.20% 0.60% above 1 Year MCLR 9.30%
700-720 0.75% above 1 Year MCLR 9.45% 0.85% above 1 Year MCLR 9.55%

Based on RSM Score – NTC (101-200)
RSM Score

3-5 Years

 ROI (%) Above 5 Years ROI (%)

>=71 

0.25% + 1 Year MCLR

8.95

0.35% + 1 Year MCLR

9.05

41-70

0.50% + 1 Year MCLR 9.20 0.60% + 1 Year MCLR 9.30

 Mean Rate for Auto Loans for Quarter 1 (FY 26-27): 9.08%


Last Updated On : Tuesday, 18-08-2026

Interest Rates

7.25%* p.a. onwards

w.e.f. 01.04.2026

*T&C Apply.

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