Discover SBI Assured Car Loan Options - Get Assured Approval! - Personal Banking
SbI Assured Car Loan Scheme
SBI Assured Car Loan / Vehicle Loan
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. 1 lacs, Max: No Limit.
- EMI/NMI Ratio : Not Applicable
- Repayment period : 3-7 Years, as per customer's choice
- Interest Rate : Click here to view the interest rates
- Processing fee : Click here to view the Processing Fee
- Dial 1800-11-2211 for more information/ applying through Contact Centre
- Give a Missed Call on 7208933142 or SMS “CAR” on 7208933145 to get a call back from our Contact Centre
Documents Required for SBI Assured Car Loan / Vehicle Loan:
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KYC Documents |
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Applicant with KYC compliant account with SBI |
New Customer/ KYC non-compliant account with SBI |
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No fresh KYC document is required.
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Proof of Identity: (Copy of Anyone) Passport/ PAN Card/Proof of possession of Aadhar Number/ Voters ID card/ Driving License etc. |
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Address proof to be provided in case of change of address. |
Proof of Residence/ Address: (Copy of Anyone) Driving License/Voters ID card/Proof of possession of Aadhar Number/Passport /Telephone Bill/ Electricity bill/Life Insurance policy |
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Copy of PAN Card is not required, if available in Bank's Record. |
Copy of PAN Card is mandatory, if not available in Bank’s record. |
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NRI Car Loan (for NRI borrowers)- Copy of passport/visa is not required, if the same is available in Bank’s record. |
NRI Car Loan (for NRI borrowers)- Passport copy with page containing visa stamping is required, if the same is not available in Bank’s record. |
The following papers are to be submitted along with Vehicle loan application :
- Statement of Bank account of the borrower for last 6 months.
- 2 passport size photographs of borrower/guarantor (s).
- Formalities for creation of charge on FD.
Last Updated On : Monday, 16-02-2026
Interest Rates
6.95%
2 years to less than 3 years
5.75% p.a.
for loan amount up to Rs. 2 lacs
7.90% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
Auto Loan Landing Page
For Two Wheeler Loan from Rs 1.50 Lakhs to Rs 25.00 Lakhs
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
6.95%
2 years to less than 3 years
5.75% p.a.
for loan amount up to Rs. 2 lacs
7.90% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs




