SBI Vehicle Loan Chennai

Will you provide me the details of SBI car Loan of Chennai ?

[Saksham]

Yeah I will definitely give you some information about the SBI car Loan Chennai

Benefits of SBI Advantage Car Loan Scheme:

Outstanding service and lower costs, A quick survey of similar schemes available.
You will find that SBI Car Loans for new and old vehicles offer you:
No Advance EMI
Longest repayment tenure (7 years)
Lowest interest rates
Lowest EMI
LTV 85% of ‘On Road Price’ of car
Flexibility of payment of EMI anytime during the month
No pre-payment penalty
Free Accident insurance
Optional SBI Life cover
Overdraft facility available

The SBI Advantage Car Loan Scheme
Eligibility for SBI Car Loan:
To avail an SBI Car Loan, you should be:
Individual between the age of 21-65 years of age.
A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professionals or self-employed individual proprietary/partnership firms who is an income tax assessee…

Net Annual Income Rs. 2,50,000/- and above.

Processing Fee: Rs. 500 Flat Charges

Loan Amount:

There is no upper limit for the amount of a car loan. A maximum loan amount of 4 times the net annual income can be sanctioned.

You would need to submit the following documents along with the completed application form if you are an existing SBI account holder:
1.Statement of Bank account of the borrower for last 12 months.
2.2 passport size photographs of borrower.
3.Signature identification from bankers of borrower.
4.A copy of passport /voters ID card/PAN card.
5.Proof of residence.
6. Latest salary-slip showing all deductions

If you are not an account holder with SBI you would also need to furnish documents that establish your identity and give proof of residence.

Margin: New / Used vehicles : 15% of the on the road price.

Repayment
For Salaried, For Self-employed & Professionals : Maximum of 84 months

Security: As per bank’s extant instructions.


SBI Scheme also offers to purchase:
1. jeep,
Multi Utility Vehicle (MUV) or SUV (any make or model)
If you want the details of any other vehicle just let me know I will give you the same.

For further queries you can contact:

No 37/17/1, Damodaran St,Doron Complex, T Nagar, Chennai - 600017


Call: +(91)-44-66423643