SBI Car Loan EMI Calculator 2020 – Calculate EMI Online

SBI car Loan Emi Calculator – Within a Minute you can calculate your Loan Emi for car Loan. Get quotes on eligibility instantly (एसबीआई कार लोन इमआई कैलकुलेटर).

Interest Rates starts from 7.75% – 8.70% for others so calculate emi on the basis of these rates.

Compare, Calculate & Save more on Interest Rates & EMIs

Professional Details
Loan Amount

Occupation

Annual Income

City

SBI Car Loan EMI Calculator

State Bank of India offers car loan in various schemes like Combo scheme, new car loan, pre owned car loan and used car loan scheme.

SBI provide the best car loan scheme for you

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

Repayment Period 7 Years Maximum
Interest Rates 7.75% to 8.70%
Lowest EMI 1546/Lakh
Minimum Income Required 25000 per month
1 Year MCLR Rate 7.25%

Eligibility

emi-calculator

To avail an SBI Car Loan, you should be :

  • All individual between the age of 21-65 years of age are eligible for car loans
  • All regular employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment.
  • Professionals, self-employed, businessmen, proprietary/partnership firms who is an income tax assessee.
  • Person engaged in Agricultural and allied activities.
  • Net Annual Income Rs. 3,00,000/- and above are required for sbi car loans

For customer information, For example a user applied for car loan amount Rs. 8,00,000 amount @ 9.00% for 60 months. So for customer value we calculated emi, interest amount which is paid for Car Loan in 5 years

Car Loan Amount Interest Rate Loan Tenor EMI / Month Interest paid in 5 years
7,00,000.00 9.00% 60 months Rs 16606.68 Rs 196400.8

Year wise calculation chart

Year Principal Interest Balance Amount
1 Rs. 132,669 Rs. 66,615 Rs. 667,331
2 Rs. 145,114 Rs. 54,170 Rs. 522,217
3 Rs. 158,724 Rs. 40,560 Rs. 363,493
4 Rs. 173,615 Rs. 25,669 Rs. 189,878
5 Rs. 190,001 Rs. 9,381 Rs. 0

Repayment or Maximum Number of EMI

compare-car-loans-apply

You can enjoy the longest repayment period on EMI scheme’s in the industry with SBI as long as 84 months or 7 Years.

For customer prospective below are the sample of calculations of Average loan amount for 7 years & 5 years. Users can calculate loan emi as per their needs via above calculator online.

Loan amount Interest Rate EMI for 7 Years EMI for 5 year
3 Lakh 9.00% ₹ 4826.72 ₹ 6227.51
4 lakh 9.00% ₹ 6435.63 ₹ 8303.34
5 Lakh 9.00% ₹ 8044.54 ₹ 10379.18
6 Lakh 9.00% ₹ 9653.45 ₹ 12455.01
7 Lakh 9.00% ₹ 11262.35 ₹ 14530.85
8 Lakh 9.00% ₹ 12871.26 ₹ 16606.68
10 Lakh 9.00% ₹ 16089.08 ₹ 20758.36
12 Lakh 9.00% ₹ 19306.89 ₹ 24910.03
14 Lakh 9.00% ₹ 22524.71 ₹ 29061.70
15 lakh 9.00% ₹ 24133.62 ₹ 31137.53
18 Lakh 9.00% ₹ 28960.34 ₹ 37365.04
20 Lakh 9.00% ₹ 32178.16 ₹ 41516.71
22 Lakh 9.00% ₹ 35395.97 ₹ 45668.38
25 Lakh 9.00% ₹ 40222.70 ₹ 51895.89
28 Lakh 9.00% ₹ 45049.42 ₹ 58123.39
30 Lakh 9.00% ₹ 48267.23 ₹ 62275.07

Available Calculators of State Bank of India:

SBI Home loan eligibility calculator
SBI personal loan emi calculator

Source: State Bank of India Website.