Car Loan 

SBI Car Loan Kerala – Interest Rates 2024, Apply

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

SBI Car Loan Kerala 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 Kerala

  • 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 Kerala for Car Loans

  • Address: Indira Gandhi Rd, Willingdon Island, Kochi, Kerala 682003
  • Address: Willingdon Island, Kochi, Kerala 682003
  • Address: CUSAT Branch, Ground Floor, Vidhyabharathi Building, Cochin University, University Road, South Kalamassery, Kalamassery, Ernakulam, Kerala 682022
  • Address: Smart City Branch, Ground Floor, Heera Cyber Views, Inforpark Edachira Road, Thengode, Kakkanad, Kerala 682030
  • Address: Aroor – Thoppumpady Rd, Thopumpady Junction, Thoppumpady, Kochi, Kerala 682005
  • Address: Chennakkara Building, CV Raman Pillai Rd, Sastamangalam, Thiruvananthapuram, Kerala 695010
  • Address: T C 3/2777(4), Pattom Junction, Pattom, Thiruvananthapuram, Kerala 695004
  • Address: Ed Heights, opposite to Bishop House, Kanyakumari – Panvel Road, Pattom, Thiruvananthapuram, Kerala 695004
  • Address: NH 66, Kollam, Kerala 691001
  • Address: PMP Complex, National Highway 47, Madannada, Kollam, Kerala 691010

Documents Requirement for Loans in Kerala:

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 Kerala:

Kerala (/ˈkɛərələ/), also known as Keralam (/ˈkɛərələm/) is a state located in the south-west region of India on the Malabar coast. It was formed on 1 November 1956 per the States Reorganisation Act by combining various Malayalam-speaking regions. Spread over 38,863 km2 (15,005 sq mi) with a population of 33,387,677, it is bordered by Karnataka to the north and north east, Tamil Nadu to the east and south, and the Laccadive Sea to the west. Thiruvananthapuram is the state capital among the 14 districts; other major cities include Thrissur,Kochi and Kozhikode.

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