SBI Car Loan Mangalore | Lowest Interest Rates 2024 | Information
Apply for SBI Car Loans in Mangalore: Get lowest Interest car loans in Mangalore with State Bank of India. Compare EMI, Eligibility, Documents and Fees and Charges on Used, NRI and New Car loans in Mangalore.
SBI Car Loan Mangalore 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 Mangalore
- 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 Mangalore for Car Loans
- Address: Kankanady, Mangaluru, Karnataka 575002
- Address: Near State Bank, Attavar, Mangaluru, Karnataka 575001
Documents Requirement for Loans in Mangalore:
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 Mangalore:
Mangalore is the chief port city of the Indian state of Karnataka. It is located about 350 kilometres west of the state capital, Bangalore.
