SBI Car Loan EMI Calculator
Calculate your State Bank of India car loan EMI at 8.5%–10.15% interest. See monthly EMI, total interest, and amortization schedule.
₹
₹1,00,000₹50,00,000
%
6.5%14.2%
12 Mo84 Mo
Monthly EMI
₹16,510
Total Interest
₹1,90,587
Total Payment
₹9,90,587
Monthly EMI
₹16,510
Principal Amount
₹8,00,000 (80.8%)
Total Interest
₹1,90,587 (19.2%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,33,386 | ₹64,734 | ₹1,98,120 | ₹6,66,614 |
| Year 2 | ₹1,45,534 | ₹52,586 | ₹1,98,120 | ₹5,21,080 |
| Year 3 | ₹1,58,793 | ₹39,327 | ₹1,98,120 | ₹3,62,287 |
| Year 4 | ₹1,73,256 | ₹24,864 | ₹1,98,120 | ₹1,89,031 |
| Year 5 | ₹1,89,031 | ₹9,078 | ₹1,98,120 | ₹0 |
SBI Car Loan — Key Details
Interest Rate
8.5% – 10.15%
per annum
Loan Amount
₹1,00,000 – ₹50,00,000
Max Tenure
7 years
84 months
Processing Fee
Nil
✓Zero processing fee (limited period)
✓Up to 90% on-road price financing
✓No prepayment penalty
✓Pre-approved car loans for SBI account holders
Min CIBIL
700+
Prepayment
Nil
Disbursal
3-7 days
SBI Car Loan — FAQ
What is the SBI car loan interest rate?
State Bank of India offers car loan interest rates from 8.5% to 10.15% per annum. The actual rate depends on your CIBIL score, income, loan amount, and property type. A CIBIL score of 750+ gets you rates closer to 8.5%.
What is the EMI for a ₹8,00,000 SBI car loan?
For a ₹8,00,000 car loan from State Bank of India at 8.75% for 5 years, the EMI is approximately ₹16,510 per month. Total interest payable: ₹1,90,600.
What is the minimum CIBIL score for SBI car loan?
State Bank of India typically requires a minimum CIBIL score of 700 for car loans. A higher score (750+) gets better rates and faster approval.
What is the processing fee for SBI car loan?
State Bank of India charges a processing fee of Nil (limited period offer) on car loans. Some offers may include processing fee waivers during promotional periods.
Can I prepay my SBI car loan?
Prepayment policy for State Bank of India car loan: Nil. Prepaying even small amounts early in the tenure can save significant interest.
How long does SBI take to disburse a car loan?
State Bank of India typically takes 3-7 days to disburse a car loan after document verification and approval. Pre-approved customers may get faster processing.
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