State Bank of India Pre owned car Loan process

carEveryone seeking a dream about the car and bungalow , now your dream will be complete, Just announced State bank of India car loan for second hand car. It’s good new for used car buyer now days Indian favorite bank State Bank of India (SBI) giving loan on Pre owned car, with long term tenure so each one can buy used car.

Now we are discussing on the used car loan topic in this post, hope It’ very helpful for every one.

Bold Point in this offer

  • Advance EMI No
  • 7 Year tenure
  • Interest Rates Low
  • 51% Processing Fee
  • 2%Pre-payment penalty
  • Interest Calculated on Daily Reducing Balance;
  • Flexibility of payment of EMI anytime during the month
  • LTV 85% of On Road Price of car (includes registration, insurance and cost of accessories worth Rs 25000)

  • Interest rate 7.60% above Base Rate i.e. 16.90% p.a.

  • Certified Pre-owned car loan Up to 3 years 6.35% above Base Rate i.e. 15.65% p.a.

Documents required for loan process

  • 6 Month Bank Statement
  • 2 photographs photo
  • Residence Proof
  • Voters ID card
  • PAN card
  • Salary Slip
  • Proof of official address for non-salaried individuals

  • T. Returns/Form 16: 2 years for salaried employees and 3 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable to be submitted.

For more information you can Check official website: sbi.co.in | Apply

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