SBI Car Loan Bhopal | Lowest Interest Rates | Apply Online

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

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Annual Income


SBI Car Loan Bhopal Information

Interest Rates 7.65% to 8.35%
Loyalty Car Loan Scheme 7.60% – 8.30%
Lowest EMI Rs 1539/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 100% of on Road Price
Min. Income 2.50 Lakh annual

Offers on SBI Car loans in Bhopal

  • 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 Bhopal for Car Loans

  • Address: Bhadbhada Road, Main Branch, New Market, TT Nagar, Bhopal, Madhya Pradesh 462003
  • Address: Near Central Flour Mill, Hoshangabad Road, Bhopal, Madhya Pradesh 462008
  • Address: Nagar Nigam Complex, Main Road, Sant Hirdaram Nagar, Block B, Hemu Kalani, Bairagarh, Bhopal, Madhya Pradesh 462030
  • Address: Govindpura, Bhopal, Madhya Pradesh 462023

Documents Requirement for Loans in Bhopal:

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 Bhopal:

Bhopal is the capital of the Indian state of Madhya Pradesh and the administrative headquarters of Bhopal District and Bhopal Division. The city was the capital of the former Bhopal State. Wikipedia

Points of interest: Van Vihar National Park, Taj-ul-Masajid, Lower Lake, Bhopal

SBI Car Loan Contact Centre / Contact Details / Customer Care Bhopal

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