SBI car loan 2025 offers affordable EMI options, flexible repayment tenure, and competitive interest rates. Explore eligibility, documents, and use our EMI calculator to plan your loan smartly.
If you’re looking to buy a new or used car in 2025, the SBI car loan 2025 is one of the most reliable financing options in India. With the State Bank of India being the country’s largest public sector bank, it provides flexible repayment plans, quick approval, low processing fees, and attractive interest rates compared to private lenders. Whether you are a salaried employee, self-employed professional, or pensioner, SBI has tailored schemes to help you own your dream car easily.
In this guide, we will cover everything you need to know about the SBI car loan 2025, including latest interest rates, eligibility criteria, loan features, EMI calculation, repayment process, documentation, and tips to improve your approval chances. We’ll also answer common user queries through an FAQ section and provide internal as well as external trusted links for reference.
Overview – SBI Car Loan 2025
| Feature / Details | Information |
| Bank Name | State Bank of India (Public Sector) |
| Loan Category | Car Loan (New / Used / EV) |
| Target Year | 2025 |
| Interest Rate | Starting from 8.70% p.a. |
| Max Funding | Up to 90% (On-Road Price) |
| Max Tenure | Up to 84 Months (7 Years) |
| EV Offer | Special Rate (8.65%) |
| Processing Fee | 0.25% (Max ₹10,000) |
| Official Website | sbi.co.in |
Key Features of SBI Car Loan 2025
The SBI car loan 2025 has several attractive features designed to make car ownership easy and affordable for Indian buyers:
Loan Amount: Finance up to 90% of the on-road price of a new car or 85% of the valuation for a used car.
Interest Rate: Starting from 8.70% p.a., competitive compared to private banks and NBFCs.
Tenure Options: Flexible repayment ranging from 1 year to 7 years.
EMI Calculator: SBI’s official EMI calculator helps plan monthly payments easily.
Quick Approval: Loan processing usually within 2–3 working days.
Special Concessions: Reduced rates for women borrowers, electric vehicles, and defense personnel.
Prepayment Facility: Allowed with minimal charges, often waived after a year.
SBI Car Loan 2025 Interest Rates
The interest rates of SBI car loan 2025 are structured to benefit different customer categories.
Salaried Individuals: 8.70% – 9.20% p.a.
Self-employed Professionals: 8.90% – 9.50% p.a.
Women Applicants: Additional 0.05% concession.
Used Cars: 9.50% – 10.75% p.a.
Electric Vehicles (EVs): Concessional rate starting at 8.65% p.a.
These rates may vary depending on credit score, applicant’s income profile, car type, repayment capacity, and RBI policy updates.
For latest official rates, check SBI Car Loan Interest Rates.
SBI Car Loan 2025 EMI Calculator
The SBI car loan EMI calculator is a powerful tool for financial planning. It allows applicants to enter loan amount, interest rate, and tenure to calculate exact monthly EMI.
Formula Used:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
P = Loan principal amount
R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
N = Loan tenure in months
Example Calculation:
If you borrow ₹10,00,000 for 5 years at 8.70% p.a.:
Loan Amount = ₹10,00,000
Rate of Interest = 8.70% (0.00725 monthly)
Tenure = 60 months
Your EMI ≈ ₹20,594 per month.
This makes budgeting easier before applying.
Eligibility Criteria for SBI Car Loan 2025
To qualify for SBI car loan 2025, applicants must meet these conditions:
Age: 21 years (minimum) to 67 years (at loan maturity).
Income: Minimum net monthly income of ₹20,000.
Employment: Salaried, self-employed, business owners, pensioners.
CIBIL Score: Minimum 700 required; 750+ preferred for best rates.
Loan Coverage: Up to 90% of on-road price (new cars).
Documents Required for SBI Car Loan 2025
When applying for SBI car loan 2025, you need to provide the following documents:
Identity Proof: Aadhaar Card, PAN Card, Passport.
Address Proof: Electricity Bill, Voter ID, Rent Agreement.
Income Proof: Salary slips (last 3 months), ITRs for self-employed, Bank Statement (last 6 months).
Car-related Documents: Dealer quotation for new cars, RC for used cars.
Photographs: Passport-size photographs.
SBI Car Loan 2025 Schemes
SBI offers a wide range of car loan schemes in 2025 to suit different customer categories. These schemes are designed keeping in mind the applicant’s profession, repayment ability, and type of car being purchased.
1. SBI Regular Car Loan
Ideal for salaried individuals and self-employed professionals.
Covers both new and used cars.
Financing up to 90% of the car’s on-road price.
2. SBI Green Car Loan (Electric Vehicle Loan)
Special scheme to encourage eco-friendly vehicle ownership.
Concessional interest rates starting at 8.65% p.a.
Flexible repayment tenure up to 8 years.
Available for new electric cars only.
3. SBI Loyalty Car Loan
Exclusive for existing SBI customers with a good repayment track record.
Faster approval and processing.
Concession of 0.05% on applicable interest rates.
4. SBI Shaurya Car Loan
Tailored for defense and paramilitary forces personnel.
Concessional rates and zero processing fee.
Extended repayment tenure up to 7 years.
5. SBI Certified Pre-Owned Car Loan
For purchasing used cars up to 8 years old.
Loan coverage up to 85% of car’s valuation.
Interest rate ranges from 9.50% – 10.75% p.a.
SBI Car Loan 2025 Processing Fees & Charges
Before applying, it’s important to understand the additional charges involved in the SBI car loan 2025:
Processing Fee: 0.25% of loan amount (minimum ₹1,000, maximum ₹10,000).
Documentation Charges: Between ₹500 – ₹1,000 depending on the scheme.
Prepayment Charges: 1% – 2% if closed within first year, waived after 12 months.
Late Payment Penalty: 2% over applicable interest rate.
Stamp Duty/Other Charges: As per state laws and regulations.
These charges ensure transparency and are clearly communicated during loan approval.
Benefits of SBI Car Loan 2025
Opting for an SBI car loan 2025 offers multiple advantages compared to other lenders:
Reputation and Trust: As India’s largest public sector bank, SBI ensures reliability and safety.
Competitive Interest Rates: Lower than many private banks and NBFCs.
Flexible Repayment Tenure: Up to 7 years, making EMIs affordable.
Digital Application Process: Apply online with e-KYC for faster approvals.
Special Discounts: Additional benefits for women borrowers, defense staff, and EV buyers.
Transparency: No hidden charges or misleading terms.
High Loan Coverage: Up to 90% financing for new cars.
SBI Car Loan vs. Private Banks (2025 Comparison)
| Feature | SBI Car Loan 2025 | HDFC Bank Car Loan | ICICI Bank Car Loan | Axis Bank Car Loan |
|---|---|---|---|---|
| Interest Rate (New Car) | 8.70% – 9.20% | 9.10% – 10.25% | 9.25% – 10.50% | 9.30% – 10.75% |
| Loan Tenure | Up to 7 years | Up to 7 years | Up to 7 years | Up to 7 years |
| Processing Fee | 0.25% (₹1,000–₹10,000) | 0.5% – 1% | 0.5% – 1% | 0.5% – 1% |
| Prepayment Charges | Nil after 1 year | 2% – 4% | 3% – 5% | 2% – 4% |
| Special Schemes | EV loans, Shaurya, Loyalty | None specific | Tie-ups with dealers | Limited |
This table highlights why SBI continues to be the preferred choice for millions of car buyers in 2025.
Tips to Improve SBI Car Loan Approval Chances
If you want your SBI car loan 2025 to be approved quickly and with the best possible interest rate, follow these tips:
Maintain a High CIBIL Score: Aim for 750+ to qualify for lower interest rates.
Reduce Existing Debts: Keep your debt-to-income ratio below 40%.
Choose Shorter Tenure: Though EMIs may be higher, approval chances increase with shorter terms.
Apply with a Co-applicant: Adding a co-borrower (spouse/parent) improves eligibility.
Stable Employment Proof: Having at least 2 years of continuous employment builds trust with the bank.
Existing SBI Relationship: Customers with salary accounts or existing loans with good repayment history get faster approval.
How to Apply for SBI Car Loan 2025
Applying for an SBI car loan 2025 is simple and can be done both online and offline:
Online Application Process:
Visit the official SBI Car Loan Portal.
Select Car Loan 2025 option.
Enter details like car price, loan amount, tenure.
Upload required documents (Aadhaar, PAN, income proof).
Submit application for pre-approval.
Once verified, visit the nearest SBI branch for final documentation.
Offline Application Process:
Visit the nearest SBI branch.
Fill out the car loan application form.
Attach KYC, income proof, and car details.
Loan officer verifies documents.
Loan approval and disbursement within 2–3 days.
SBI Car Loan 2025 Repayment Process
Repayment of an SBI car loan 2025 is designed to be flexible and customer-friendly. Borrowers can choose between multiple repayment methods:
Electronic Clearing System (ECS): Monthly EMIs are automatically deducted from your SBI or non-SBI account.
Standing Instruction (SI): Customers with SBI accounts can set up SI for auto-debit of EMIs.
Post-Dated Cheques: Available for those who prefer manual submission (less common in 2025 due to digitization).
Part-Prepayment: Borrowers can pay extra amounts anytime to reduce tenure or EMI burden.
Full Preclosure: Allowed with minimal charges; often waived after one year.
SBI provides an online portal and mobile banking app where customers can check outstanding loan balance, EMI due dates, and repayment history.
Important Factors Affecting SBI Car Loan 2025
When applying for an SBI car loan 2025, keep these factors in mind:
Loan-to-Value Ratio (LTV): SBI finances up to 90% of the car’s cost. Higher down payment reduces EMI burden.
Credit Score: A higher score means better approval chances and lower interest rates.
Car Type: New cars attract lower interest rates compared to used cars. Electric vehicles enjoy concessional rates.
Income Stability: Regular income increases eligibility and loan amount approval.
Relationship with SBI: Existing account holders with good history get faster approvals.
Why Choose SBI Car Loan 2025 Over Others?
Nationwide Reach: Over 22,000 branches across India.
Government-Backed Security: Trust and reliability of a PSU bank.
Concessions for Special Categories: Discounts for women, defense staff, and EV buyers.
Fast Digital Processing: Apply online, get instant in-principle approval.
Transparent Terms: No hidden charges, clear agreements.
SBI remains the go-to choice for car buyers in 2025, especially those seeking long-term trust and low-cost financing.
Important Links For SBI Car Loan 2025
| SBI Bank officials website | click here |
| home page | click here |
| Join WhatsApp group | join here |
Authoritative External Links
FAQs on SBI Car Loan 2025
Q1. What is the minimum CIBIL score required for SBI car loan 2025?
The minimum requirement is 700, but a score of 750+ improves approval chances and interest rates.
Q2. Can I apply for SBI car loan 2025 online?
Yes, SBI allows a 100% digital loan application with e-KYC and instant approval.
Q3. What is the maximum loan amount I can get under SBI car loan 2025?
SBI finances up to 90% of the on-road price of new cars and up to 85% for used cars.
Q4. What is the current SBI car loan interest rate in 2025?
Rates start at 8.70% p.a., varying with applicant profile, car type, and repayment tenure.
Q5. Is there a special SBI car loan scheme for electric vehicles?
Yes, the SBI Green Car Loan offers concessional rates starting at 8.65% for EV buyers.
Q6. How can I calculate EMI for SBI car loan 2025?
Use the SBI EMI Calculator on the official website or apply the standard EMI formula.
Q7. Are pensioners eligible for SBI car loan 2025?
Yes, pensioners drawing regular pension from SBI accounts are eligible.
Q8. Can I prepay or foreclose my SBI car loan?
Yes, prepayment is allowed with nominal charges, waived if closed after one year.
Q9. How long does SBI take to disburse a car loan?
Usually within 2–3 working days if documents are complete and verified.
Q10. Why is SBI car loan 2025 better than private banks?
Because SBI offers lower rates, transparent charges, special concessions, and nationwide accessibility, making it more reliable.
Conclusion
The SBI car loan 2025 is a powerful financial product that enables individuals to purchase their dream vehicle with affordable EMIs, flexible repayment, and trustworthy service. With competitive rates starting from 8.70% p.a., quick processing, multiple repayment options, and special schemes for different borrower categories, SBI continues to be the top choice for car financing in India.
If you’re planning to buy a car in 2025, consider SBI’s offerings for security, affordability, and transparency. By using the SBI EMI calculator, preparing documents in advance, and maintaining a strong credit profile, you can ensure smooth approval and cost-effective ownership of your new vehicle.