Calculate your SBI car loan EMI instantly. Current rate starts from 8.85 - 9.55% p.a. with tenure up to 7 years.
| Year | Principal | Interest | Balance |
|---|
State Bank of India offers car loan starting from 8.85 - 9.55% per annum with a maximum tenure of 7 years. The processing fee is 0.50% of loan amount + GST. Prepayment policy: Nil after 6 months.
Tenure: 5 years
| Loan Amount | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| ₹3 Lakh | ₹6,206 | ₹72,360 | ₹3,72,360 |
| ₹4 Lakh | ₹8,274 | ₹96,440 | ₹4,96,440 |
| ₹5 Lakh | ₹10,343 | ₹1,20,580 | ₹6,20,580 |
| ₹6 Lakh | ₹12,411 | ₹1,44,660 | ₹7,44,660 |
| ₹7 Lakh | ₹14,480 | ₹1,68,800 | ₹8,68,800 |
| ₹8 Lakh | ₹16,549 | ₹1,92,940 | ₹9,92,940 |
| ₹9 Lakh | ₹18,617 | ₹2,17,020 | ₹11,17,020 |
| ₹10 Lakh | ₹20,686 | ₹2,41,160 | ₹12,41,160 |
| ₹12 Lakh | ₹24,823 | ₹2,89,380 | ₹14,89,380 |
| ₹15 Lakh | ₹31,028 | ₹3,61,680 | ₹18,61,680 |
| ₹20 Lakh | ₹41,371 | ₹4,82,260 | ₹24,82,260 |
SBI offers Car Loan at interest rates starting from 8.85 - 9.55% per annum in 2026. The actual rate depends on your credit score, income, loan amount, and relationship with the bank.
The EMI for a ₹8 Lakh Car Loan from SBI at 8.85% for 5 years is approximately ₹16,549 per month. Use the calculator above to check EMI for different amounts.
SBI offers Car Loan up to ₹1 Crore with a maximum tenure of 7 years, subject to eligibility criteria and income assessment.
The processing fee for SBI Car Loan is 0.50% of loan amount + GST. Prepayment charges: Nil after 6 months.
You can apply for SBI Car Loan online through their official website or by visiting the nearest branch. You will need documents such as identity proof, address proof, income proof, and bank statements. Use the EMI calculator above to plan your loan before applying.