INSUBCONTINENT EXCLUSIVE:
SBI car loan: The repayment period of SBI new car loan scheme lasts up to 84 months.
Country's
largest lender State Bank Of India (SBI) offers car loan scheme with a repayment tenure of up to 7 years, according to its website-
This type of loan can be used to buy all type of passenger cars, multi utility vehicles and SUVs (Sports Utility Vehicle)
No pre-payment penalty and advance EMI (equated monthly instalments) is required in order to avail SBI's car loan
SBI charges an interest rate of 9.30 per cent to 9.80 per cent for car loans, according to its website
Here are 5 things to know about SBI car loan scheme:A regular employee of state / central government, public sector
undertaking, private company or a reputed establishment where the net annual income of applicant and/or co-applicant if any, together is a
businessmen, proprietary/partnership firms who are income tax assesses where the net profit or gross taxable income of the applicant is
The maximum loan amount that can be given in such a case is 4 times of net profit or gross taxable income as per ITR (Income Tax rules)
On-road price is the price the customer actually pays for the car and includes registration, insurance and extended warranty or total
Insurance cover are available with SBI car loan scheme.Get the latest election news, live updates and election schedule for Lok Sabha
Elections 2019 on TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
