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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: 8.75%)

i) SBI Car Loan,
ii) NRI Car Loan,
iii) Assured Car Loan Scheme,
iv) Loyalty Car Loan,
v) Green Car Loan (For Electric Cars)

At 8.75% (For CIC Score 700 & Above and New to Credit Customers)

Certified Pre-owned Car Loan Scheme

From 11.50% to 15.00% (CIC Based rates are applicable).

SBI Two-Wheeler Loan

13.10% to 14.60% (0.50% Concession available for Electric Two-wheeler)
Super Bike Loan Scheme 12.60% to 14.10%

 

Finer pricing for New Car Loans based on CIC scores 

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

700 & above/ NTC

At 1 Year MCLR

8.75%

At 1 Year MCLR

8.75%

650-699

1.05% + 1 Year MCLR

9.80%

1.05% + 1 Year MCLR

9.90%

 Mean Rate for Auto Loans for Quarter 2 (FY 25-26): 9.20%


Last Updated On : Monday, 13-10-2025

Interest Rates

8.75% p.a.

*T&C Apply.

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