SBI Car Loan Chennai | Interest Rates | Eligibility | Information

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

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Loan Amount


Annual Income


SBI Car Loan Chennai 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 Chennai

  • 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 Chennai for Car Loans

  • Purasavakkam High Rd, Perumalpet, Purasaiwakkam, Chennai, Tamil Nadu
  • College Rd, Chetpet, Chennai, Tamil Nadu
  • 2/38, 2nd Main Rd, Railway Colony, Amaindhakarai, Chennai, Tamil Nadu 600029
  • 2nd Ave, Y Block, Block Y, Anna Nagar, Chennai, Tamil Nadu 600040
  • Anna Salai, Anna Colony, Thiyagaraya Nagar, Chennai, Tamil Nadu 600035
  • 5, 1st Cross St, Baktavatsalm Nagar, Adyar, Chennai, Tamil Nadu 600020
  • 2/38, Amaindhakarai, Chennai, Tamil Nadu 600029
  • South Thirumalai Nagar, Seeyalam, Chennai, Tamil Nadu
  • W Karikalan St, TNGO Colony, Adambakkam, Chennai, Tamil Nadu 600088
  • MRC Nagar, Chennai Branch, No.11 Second Street, South Beach Avenue, MRC Nagar Main Rd, MRC Nagar, Raja Annamalai Puram, Chennai, Tamil Nadu 600028

Documents Requirement for Car Loans in Chennai – 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.