Green Car Loan: For Electric Cars - SBI Green
Green Car Loan: For Electric Cars
SBI Green Car Loan (Electrical Vehicle Loan )
Features for Green Car loan / Electrical Vehicle Loan
- Age : 21-70 years. (For sanction of loan)
- Repayment Period : Minimum 3 Years; Maximum 8 Years
- Rate of Interest Fixed: Further concession of 25 BPs in applicable rate of interest for normal car loan across the category of customers (Please refer Interest rate chart)
- Interest Rate : Click here to view the interest rates
- Processing fee : Click here to view the Processing Fee
- Loan to Value (LTV) : Upto 100% of On Road Price
| Category | Income Criteria | Maximum Loan Amount |
|---|---|---|
| Regular employees of Central Public Sector Enterprises (Maharana’s/Navratnas/ Miniratnas). Defence Salary package(DSP), Para Military salary package(PMSP) & Indian Coastal Guard Package(IGSP) Customers and Short Commissioned Officers of various Defence establishments | Net Annual Income of applicant and/or co-applicant if any, together should be a minimum of Rs. 3,00,000/- | 48 times of the Net Monthly Income |
| Professionals, self-employed, businessmen, proprietary/partnership firms who are income tax assesses. | Net Profit or Gross Taxable income of Rs. 3,00,000/- p.a.(income of co-applicant can be clubbed together | 4 times Net Profit or Gross Taxable income as per ITR after adding back depreciation and repayment of all existing loans |
| Person engaged in agricultural and allied activities. | Net Annual income of applicant and/or co applicant together should be a minimum of Rs. 4,00,000/- | 3 times of Net Annual Income |
Documents required for Electrical 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. |
Following other documents along with the completed application form
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Salaried
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Statement of bank account for last 6 months. (Submission of Bank Account Statement is waived for our Salary Package customers who are maintaining Salary account with us
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2 passport size photo
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Income Proof: Latest Salary Slip, Form 16
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I.T. Returns or Form 16 for the last 2 years. (Waived for our Salary Package customers who are maintaining their salary account with the Bank for minimum 12 months.)
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Non-Salaried/ Professional/Businessmen
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Statement of bank account for last 6 months.
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2 passport size photo
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Income Proof: ITR for last 2 years
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I.T. Returns or Form 16 for the last 2 years.
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Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate / sales tax certificate / SSI registered certificate / copy of partnership.
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Person engaged in agricultural and allied activities.
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Statement of bank account for last 6 months.
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2 passport size photo
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Direct agricultural activity (crop cultivation):
Khasra/Chitta Adangal (showing cropping pattern) Patta/Khatoni (showing land holding) with photograph. All land should be on free hold basis and ownership proof to be in the name of borrower. -
Allied agricultural activity (like Dairy, Poultry, Plantation/ Horticulture)
Documentary proof of running of the activities to be provided.
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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
Personal Landing
PM Surya Ghar – Loan for Solar Roof Top
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




