Car Loan 

SBI Car Loan Nagpur | Lowest Interest Rates 2024 | Information

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

SBI Car Loan Nagpur 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 Nagpur

  • 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 Nagpur for Car Loans

  • Address: Poonam Plaza Complex, Koradi Rd, Mankapur Square, Mankapur, Nagpur, Maharashtra 440030

  • Address: Khamla, Nagpur, Maharashtra 440025

  • Address: Khandwani Chambers, Central Ave Rd, Telephone Exchange, Near Dr.Ambedkar Square, Chappru Nagar, Lakadganj, Nagpur, Maharashtra 440008

  • Address: Plot No. 6, Barde Layout, Friends Colony, Katol Road, MH SH 248, Nagpur, Maharashtra 440013

  • Address: Sai Complex, Amravati Rd, Bharatnagar, Nagpur, Maharashtra 440033

  • Address: Dighori Road, Taj Plaza Complex, Near Bada Taibag, Nagpur, Maharashtra 440024

  • Address: Ring Rd, Narendra Nagar, Badil Kheda, Nagpur, Maharashtra 440015
  • Address: Central Ave Rd, Satyam Layout, Wardhaman Nagar Colony, Nagpur, Maharashtra 440008
  • Address: Jagdish Sabha Griha, Rana Pratap Nagar Road, Gopal Nagar, Nagpur, Maharashtra 440020
  • Address: Ambazari Rd, Gandhi Lay Out, Nagpur, Maharashtra 440010

Documents Requirement for Loans in Nagpur:

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

About Nagpur:

Nagpur is a city and winter capital of the state of Maharashtra, a fast growing metropolis and third largest city in Maharashtra after Mumbai and Pune.

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