Christmas 2021: SBI offers car loan with zero processing fee: Know interest rate, EMI and other details here

SBI Car Loan Interest Rate: If you are a State Bank of India (SBI) customer and planning to buy a car this Christmas, then SBI has certain offers for you. The interested individuals must note that they can avail the SBI car loan without any processing charges. For further details, the interested individuals can login to the official website of SBI at sbi.co.in.

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Recently, the largest public sector lender in the country has tweeted from its official Twitter handle about the offers on car loan. The tweet said, "Make this Christmas merrier with great deals on SBI Car Loan. Apply now on YONO app or Know more: sbi.co.in/web/personal-banking/loans/auto-loans/sbi-new-car-loan-scheme."

Make this Christmas merrier with great deals on SBI Car Loan.

Apply now on YONO app or Know more: https://t.co/aYhi3BO4o0
#SBI #StateBankOfIndia #SBICarLoan #Offers #AzadiKaAmritMahotsavWithSBI pic.twitter.com/ke8FRq4FLw

— State Bank of India (@TheOfficialSBI) December 23, 2021

The customers must note that the car loan will be available with  an interest rate of 7.25 per cent per annum. The other benefits that are applicable include 90 per cent on-road finance and nil payment charges.

As per the SBI website, the EMI installments for the car loan comprises of both principal and interest components. The EMI would be calculated depending on the tenor one chooses to repay the loan. The EMI would be higher if one chooses to repay within a shorter period as against a longer-term loan. One can repay the loan in up to 84 EMIs.

The interested customers must know that SBI provides finance for one-time road tax, registration fee and insurance premium also. The bank also provides free Personal Accident Insurance up to the outstanding amount, so that in case of accidental death, your near and dear ones are not required to repay the loan.

The interested individuals must note that they can give a missed call on 7208933142 or SMS “CAR” on 7208933145 to get a call back from the contact centre regarding the loan.

In case of any queries and further details, the interested individuals can login to the official website of SBI at sbi.co.in.