You can apply for an SBI car loan online either through the official SBI website or via the SBI YONO App. The process involves filling out an online form, uploading the required documents, and then visiting a branch for final verification and disbursement.
Online Application Process
The application process can be completed in a few simple steps:
- Visit the Website or YONO App:
- Website: Go to the official SBI auto loan application portal at onlineapply.sbi.bank/personal-banking/auto-loan.
- YONO App: Log in to the YONO App, navigate to the hamburger menu (☰), select “Loan” > “Car Loan”, and tap “Apply Now”.
- Fill in Details: Complete the application form with your personal details, employment information, and vehicle preferences.
- Upload Documents: Upload scanned copies of the necessary documents, which include:
- Proof of Identity (Passport, PAN Card, Voter ID, Driving License).
- Address Proof (Ration card, Utility bills, Passport).
- Income Proof (Latest Salary Slip, Form 16, or ITR for non-salaried).
- Bank account statement for the last 6 months.
- Submit and Verify: Review all details for accuracy and submit the form. An in-principle offer may be generated. You will then need to visit your selected SBI branch for document verification and final processing.
Alternatives
- Contact Centre: You can dial the toll-free numbers
1800-11-2211or1800-425-3800for assistance or to apply through the contact center. - Missed Call/SMS: Give a missed call to
7208933142or SMS “CAR” to7208933145to receive a call back from an SBI representative.
Eligibility Criteria
- Age: Applicants must be between 21 and 65 years old.
- Income: A stable annual income is required, which the bank assesses to determine repayment capability.
- Loan Amount: SBI generally funds about 75-80% of the car’s on-road price, with the rest required as a margin/down payment.
Overview of SBI Car Loans
| Features | New Car Loan Scheme | Used Car Loan Scheme |
| Interest Rate | 8.75% p.a. onwards | 11.50% p.a. – 15.00% p.a. |
| Loan Tenure | Up to 7 years | Up to 5 years |
| Processing Fee | 0.40% of loan amount (Min ₹1,000; Max ₹10,000 + GST) | 1.25% of loan amount + GST (Max ₹10,000) |
| Loan Amount | Up to 100% of car’s on-road price | Based on vehicle valuation and bank policy |
| Eligibility | Salaried, self-employed and professionals | Salaried or self-employed buying certified used cars |
| Credit Score | Best rates for CIBIL score 700 & above | Rate depends on CIBIL score and vehicle age |
Car Loan Schemes Provided by SBI
The list of car loan schemes provided by SBI is given below:
| Scheme | Loan Details | Eligibility & Features |
| SBI New Car Loan | Loan up to 90% of on-road price.Tenure: Up to 7 years (84 months). | Available for purchase of new passenger cars, SUVs, and MUVs. Applicant age should be between 21 and 70 years. Optional SBI Life Insurance cover available. |
| Certified Pre-Owned Car Loan | Loan amount from ₹3 lakh to ₹10 lakh.Tenure: Up to 5 years or 8 years minus the vehicle’s age (whichever is lower). | For purchase of certified used cars not older than 5 years.Applicantage: 21–65 years. Vehicle must be certified by authorized dealers. |
| SBI Loyalty Car Loan | Loan up to 100% of on-road price. Tenure: Up to 7 years. | Exclusive for existing SBI Home Loan customers. Minimum annual income of ₹2 lakh required. |
| SBI Assured Car Loan | Loan from ₹2 lakh and above.Tenure: 3 to 7 years. Margin: 100% of FD value. | Offered to SBI Fixed Deposit holders against their FD value. Loan available without income proof, based on FD. |
| SBI Green Car Loan | Loan up to 100% of on-road price. Tenure: 3 to 8 years. | Specifically for purchase of electric vehicles (EVs).Applicant age: 21–70 years. Lower interest rate compared to regular car loans. |
Documents Required for SBI Car Loan
| Category | Documents Required |
| Salaried Employees | • Bank account statement for the preceding 6 months• 2 passport size photos• Proof of address• Identity proof• Proof of income: – Latest pay slips – Form 16 – Income Tax Returns or Form 16 for the preceding 2 years |
| Non-Salaried / Businessmen / Professionals | • Bank account statement for the preceding 6 months• 2 passport size photos• Proof of address• Identity proof• Proof of income: – Income Tax Returns for the preceding 2 years – Form 16 for the preceding 2 years – Audited Balance Sheet – P&L statement for the preceding 2 years – Sales Tax Certificate – Partnership Copy |
| Individuals Engaged in Agricultural and Allied Activities | • Bank account statement for the preceding 6 months• 2 passport size photos• Proof of identity• Proof of address• Direct agricultural activity• Allied activities (poultry, dairy, plantation, horticulture): Evidential proof of the activities running must be provided |
How to Apply for an SBI Car Loan
Applying for an SBI Car Loan is a simple and hassle-free process. You can choose to apply either online from the comfort of your home or visit a nearby SBI branch to submit your application in person. Here’s how it works:
✅ Online Application Process
- Visit the SBI Website Start by going to the official SBI website where you can explore various car loan schemes tailored to meet your needs.
- Select the Loan Scheme Choose the car loan option that best suits you, such as a new car loan or a loan for a certified pre-owned vehicle.
- Fill in the Application Form Enter your personal details, employment information, and vehicle preferences in the online application form.
- Upload Required Documents Upload scanned copies of necessary documents like identity proof, address proof, income certificates, and bank statements. This helps SBI assess your eligibility.
- Submit the Application After verifying that all details are accurate, submit the form for review.
- Document Verification and Loan Disbursement Once your documents are verified and everything is found to be in order, the loan amount is approved and disbursed directly into your bank account.
✅ Offline Application Process
- Visit the Nearest SBI Branch Head to the closest SBI branch and request the car loan application form.
- Fill Out the Form Complete the form by providing all required details related to your personal background, income, and the car you wish to purchase.
- Attach the Documents Submit the form along with the necessary documents such as identity proof, income proof, address proof, and bank statements.
- Loan Processing and Approval The bank will verify your application and documents. Once satisfied, the loan will be sanctioned and the amount will be credited to your account.
SBI Car Loan Interest Rate and Fees* Oct 2025
| Interest Rate | 9.20% – 9.70% |
| Processing Fee | Rs. 1,000 – Rs. 1,500 + GST |
| Repayment Tenure | Upto 7 years |
| Financing | 90% of ‘on-road’ price |
| Maximum Loan Amount | For Government Employees: 40 times of monthly income. For Professionals: 4 times of gross taxable income. For Businessmen: 4 times of net profit. For Agriculturalist: 3 times of net annual income. |
Note: The car loan interest rates mentioned on this archived page are from October 2025 and may have changed now. In order to know the latest rates please visit the State Bank of India website.
SBI Car Loan Interest Rate and Fees* Oct 2025
| Interest Rate | 9.20% – 9.70% |
| Processing Fee | Rs. 1,000 – Rs. 1,500 + GST |
| Repayment Tenure | Upto 7 years |
| Financing | 90% of ‘on-road’ price |
| Maximum Loan Amount | For Government Employees: 40 times of monthly income. For Professionals: 4 times of gross taxable income. For Businessmen: 4 times of net profit. For Agriculturalist: 3 times of net annual income. |
SBI Car Loan Features
These are the salient features of the car loan given by SBI bank:
- Multiple Options to choose from: State bank Of India offers multiple Car loan options to choose from for financing the purchase of both new as well as used cars.
- Lowest interest rates: Car loan interest rates by SBI bank are very lucrative and are charged at the lowest possible rates. State Bank of India car loan interest rates are offered at both fixed as well as flexible rates. The prevailing SBI Car Loan interest rates range between 10.40% and 10.45%.
- No advance EMI (advance monthly car loan payments): The State Bank of India car loan borrowers enjoys flexible options to pay EMIs. Car loans provided by SBI come with hassle free options as per which the customer does not have to pay advanced EMI at the time of taking SBI car loan. Further, they even get the liberty to pay off their EMIs at any time during the month.
- Repayment tenure: The State Bank of India has designed the car loan product keeping the convenience of the borrowers in mind. For the same, SBI bank offers the longest car loan repayment period of 7 years or 84 months.
- Financing the Car’s ‘On-Road’ Price: State Bank of India finances car loan of a borrower on 85% of On-Road price that includes cost of registration/annual maintenance contract/total service package/cost of accessories /charges for insurance and extended warranty.
- Interest is calculated on daily reducing balance: Another added advantage of SBI car loans is that the customers are charged interest at daily reducing balance.
- No-foreclosure Charges: Certain SBI car loan schemes offer no fore-closure charges; which mean car loan borrowers do not need to pay extra for pre-paying the borrowed car loan amount.
- Optional SBI life cover: Along with SBI Car Loan, State Bank of India even offers an option of choosing SBI life cover by paying a little extra cost.
- Overdraft Facility: With the SBI Car loans, borrowers can even avail overdraft facility at the State Bank of India.
SBI Car Loan Eligibility
These are the eligibility conditions to avail car loan from SBI bank:
| Age Group | Category | Income Criteria | Max. Loan Amount |
| Age: 21 to 65 years | An employee of Central/State government, public/private limited company | A net annual income of Rs. 2,50,000 of the applicant and/or the co-applicant | 48 times of the net monthly income |
| Age: 21 to 65 years | Professionals, self-employed, businessmen, proprietary/partnership firms | Net Profit or Gross Taxable income of Rs. 4,00,000 | 4 times of Net Profit or Gross Taxable income as per the filed ITR |
| Age: 21 to 65 years | Agriculturist | A net annual income of Rs. 4,00,000 of the applicant and/or the co-applicant | 4 times of Net annual income |
SBI Car Loan Documents Required
These are the required documents to submit to avail the car loan from SBI Bank:
| Salaried | Self-Employed | Agriculturist |
| Car loan application form | Car loan application form | Car loan application form |
| Bank statement for last 6 months | Bank statement for last 6 months | Bank statement for last 6 months |
| ID and Address Proof | ID and Address Proof | ID and Address Proof |
| 2 passport sized photographs | 2 passport sized photographs | 2 passport sized photographs |
| Income proof: Salary Slip, Form 16, and ITR for 2 years | Income proof: Form 16 and ITR for 2 years | Bank accepted cropping pattern and land holding documents and documentary proff of cultivation |
एस. बी. आई. नया कार/वाहन ऋण
एस. बी. आई. आपको अपनी नई कार के वित्तपोषण के लिए सबसे अच्छा सौदा प्रदान करता है। सबसे कम कार ऋण ब्याज दरें, सबसे कम ई. एम. आई., न्यूनतम कागजी कार्रवाई और त्वरित संवितरण।
मुख्य विशेषताएँ
- सबसे कम वाहन ऋण ब्याज दरें और ई. एम. आई
- सबसे लंबी पुनर्भुगतान अवधि (7 वर्ष);
- ‘ऑन-रोड प्राइस’ पर वित्तपोषणः
- वाहन ऋण ब्याज की गणना दैनिक घटती शेष राशि पर की जाती है
- नई यात्री कारों, बहुउद्देशीय वाहनों (एम. यू. वी.) और एस. यू. वी. की खरीद के लिए।
- कोई पूर्व भुगतान शुल्क नहीं
- 2 साल के बाद कोई फोरक्लोजर शुल्क नहीं
- ऑन-रोड कीमत के 100% तक वित्तपोषण
- कोई अग्रिम ई. एम. आई. नहीं
- वैकल्पिक एस. बी. आई. जीवन बीमा उपलब्ध है
- कार ऋण ब्याज दर : ब्याज दरें देखने के लिए यहां क्लिक करें
- कार ऋण प्रसंस्करण शुल्कः प्रसंस्करण शुल्क देखने के लिए यहां क्लिक करें
कार ऋण (वाहन ऋण) में फ्लेक्सी भुगतान विकल्प
बैंक के पास अपने ग्राहकों के लिए एक अनूठा फ्लेक्सी पे विकल्प है। फ्लेक्सी पे विकल्प के तहत, उधारकर्ता निम्नलिखित दो विकल्पों में से चुन सकते हैंः
- पहले 6 महीनों के लिए ई. एम. आई. लागू नियमित ई. एम. आई. का 50 प्रतिशत होगा, बशर्ते ऋण की अवधि न्यूनतम 36 महीने हो।
- पहले 6 महीनों के लिए ई. एम. आई. लागू नियमित ई. एम. आई. का 50 प्रतिशत होगा और अगले 6 महीनों के लिए यह लागू नियमित ई. एम. आई. का 75 प्रतिशत होगा, बशर्ते कार ऋण की अवधि न्यूनतम 60 महीने हो।
- / 1800-11-2211 अधिक जानकारी के लिए संपर्क केंद्र के माध्यम से आवेदन करने के लिए कॉल करें
- हमारे संपर्क केंद्र से कॉल वापस पाने के लिए 7208933142 पर मिस्ड कॉल करें या 7208933145 पर “सीएआर” एस. एम. एस. करें
