sbi car loan 1

8/3/2019 Sbi Car Loan 1

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SBI CAR LOAN
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ELIGIBILITYEmployees of State / Central Govt / PSUs /

Pvt. sector companies / Corporations & reputed

establishments. Professionals / self-employed & others who are IT

assesses.

Persons engaged in agriculture and allied activities.

High net worth salaried executives of multinationals.


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Age: 21 to 65 years (At the time of sanction of loan)

Loan to be fully repaid before borrower attains 70 years

of Age.Net annual income : Minimum Rs.1 lac.

Loan Amount : No ceiling

Repayment PeriodRepayment Period :: Up to 7 years for salaried personUp to 7 years for salaried person

Up to 5 years for others.Up to 5 years for others.Loan available up to 85% of On Road PriceLoan available up to 85% of On Road Price

(Including Accessories).(Including Accessories).


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SBI EZEE CAR LOAN

SCHEMENewly launched scheme on Bank Day for

financing new cars.

INTEREST RATE : For 1st

year : 8%For 2nd & 3rd year :

10%

From 4th year :

Normal rate(Between 11%

to 11.50%)

PROCESSING FEES : Fully waived


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ADVANTAGES Pre-Payment / Extra Payment option is open (Without penalty).Pre-Payment / Extra Payment option is open (Without penalty).

Interest application is on actual repayment basis not on theInterest application is on actual repayment basis not on thebasis of EMI fixed at the time of sanction of loan.basis of EMI fixed at the time of sanction of loan.

Overdraft facility is also available where cheque books,Overdraft facility is also available where cheque books,ATM cards will be issued.ATM cards will be issued.

Low fluctuation in SBAR comparative to other BanksLow fluctuation in SBAR comparative to other BanksPLR.PLR.

Less paper work.Less paper work.

Quick sanction, within 24 hours after submission ofQuick sanction, within 24 hours after submission ofrequired papers.required papers.


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SERVICE CHARGES TO

DEALERSVehicles/ loan amount permonth from one dealer outlet

Total service charge payable

Up to 10 vehicles or loan amount upto 30 lac. 1 % of loan amount per car.

Above 10 and up to 25 vehicles oramt. >Rs. 30 lac up to Rs. 60 lac.

1.25% of the loan amount.

Above 25 vehicles or amt. above Rs.60 lac.

1.50 % of loan amount.

In Gujarat, Car Dealers are being given service charges

@1.5 % since first car sold.


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DOCUMENTS REQUIRED Identity proof.

Address Proof of residence.

Photographs.

Last 3 month salary slip / 2years Form 16 / 2-3

years IT Return

Quotation of the Vehicle

6 months statement of salary account or from where

transaction is being done.


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THANKYOU


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RATE OF INTERESTTENURE RATE OF INTERESTNEW CAR : SBAR 11.75% p.a.

Up to 3 yrs (loan Rs. 7.5 lac &above)

0.75% below SBAR i.e. 11% p.a.

Up to 3 yrs (loan < Rs. 7.5 lac) 0.50% below SBAR i.e. 11.25% p.a.

> 3 to 5 yrs for all loans 0.50% below SBAR i.e. 11.25% p.a.

> 5 yrs up to 7 yrs for all loans 0.25 % below SBAR i.e. 11.50% p.a.

USED CAR :

Up to 3 yrs 3.00% above SBAR i.e.14.75% p.a.

> 3 to 7 yrs 3.25% above SBAR i.e. 15% p.a.

sbi car loan 1

Documents