Car Loan 

SBI Car Loan Ludhiana | Interest Rates 2024 | Eligibility | Information

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Apply for SBI Car Loans in Ludhiana: Get lowest Interest car loans in Ludhiana with State Bank of India. Compare EMI, Eligibility, Documents and Fees and Charges on Used, NRI and New Car loans in Ludhiana.

SBI Car Loan Ludhiana Information

Interest Rates 8.40% to 9.25%
Loyalty Car Loan Scheme 8.40% to 9.20%
Lowest EMI Rs 1579/lakh
Processing fees NIL
Prepayment charges Nil
Repayment options Up to 7 years
Maximum loan amount Up to 4 times of net annual income
Loan approval time 30 Minutes
Maximum Finance Upto 90% of on Road Price
Min. Income 3.00 Lakh annual

Offers on SBI Car loans in Ludhiana

  • No Advance EMI | Lowest EMI
  • Longest repayment tenure (7 years)
  • LTV 85% of ‘On Road Price’ of car, in case of Corporate Salary Package accounts
  • Flexibility of payment of EMI anytime during the month
  • No pre-payment penalty
  • Free Accident insurance – Optional SBI Life cover

Major Branches of SBI in Ludhiana for Car Loans

  • Dhuri Road, Ludhiana Eye Hospital, Atam Nagar, Ludhiana, Punjab 141002
  • Salim Tabri, Suraj Hosiery Mill, G.T. Road, Ludhiana, Punjab 141008
  • Trust Market, kitchlu nagar, Police Chowki, Kitchlu Nagar, Ludhiana, Punjab 141001
  • Rahon Road, Vardhman Nagar, Jodhewal, Ludhiana, Punjab 141007
  • Haibowal Main Rd, Durga Puri, Haibowal Kalan, Ludhiana, Punjab 141001
  • Tagore Nagar, Ludhiana, Punjab 141001
  • Ishmeet Singh Rd, Shastri Nagar, Ludhiana, Punjab
  • Mall Road, Civil Lines, Mall Road, Civil Lines, Ludhiana, Punjab 141001

Documents Requirement for Car Loans in Ludhiana – State Bank of India:

You would need to submit the following documents along with the completed application form:

  • Statement of Bank account of the borrower for last 6 months.
  • 2 passport size photographs of borrower(s).
  • A copy of passport /voters ID card/PAN card.
  • Proof of residence.
  • Latest salary-slip showing all deductions
  • I.T. Returns/Form 16: 2 years for salaried employees and 2 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable
  • Proof of official address for non-salaried individuals
Contact Centre / Contact Details / Customer Care

: Call SBI’s 24×7 helpline through Tollfree 1800 11 2211 (BSNL, MTNL), 1800 425 3800 or Toll no. 080-26599990.

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