[nilesh]

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Hello sir, is there any one can provide me here required eligibility criteria for car loan from State Bank Of Hyderabad?

[vikash]

The State Bank Of Hyderabad is provides car loan from the state bank of India rules. The State bank of India is merged State Bank Of Hyderabad and all associative banks.

A car is a dream for many as it is not only a convenient mode of transport, but also translates to a status symbol.

Make that dream a reality with the State Bank of Hyderabad car loan which offers different schemes to suit different customers.

Eligibility for car loan:

Customers can avail a car loan for purchase of MUV, Hatchback, SUV’s, Commercial vehicles from State Bank of Hyderabad.

They must of over the age of 21 years at the time of apply & 65 at the time of loan closure.

Maximum loan amount which you can fetch for new car is 48 times of your monthly income and 4 times of Form 16.

Minimum Income would be Rs.3 lac for Salaried / 4 Lakh for Self Employed / 4 Lacs for Agriculturist

State Bank of Hyderabad Car Loan Interest Rates:

Type of loan Effective interest rate
New car 9.25% p.a.
Used car less than 3 years 15.55% p.a.
Used car 3 - 5 years old 15.80%
For existing home loan customers 9.90% p.a.

MCLR-based interest rates of Top SBI Car Loan Schemes:

Loan Scheme Interest Rate for Women (per annum) Interest Rate for Men (per annum)
New Car Loan 9.65% onwards 9.70% onwards
Combo Loan 9.65% onwards 9.70% onwards
NRI Car Loan 9.65% onwards 9.70% onwards
Pre-owned Car Loan (certified) 13.10% onwards 13.10% onwards
New Car under Loyalty Scheme 9.55% onwards 9.60% onwards
Used Car under Loyalty Scheme 10.85% onwards 10.90% onwards