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Personal, home, vehicle & other loans

Certified Pre-Owned Car Loan

Fixed-rate used-car finance from ₹2 lakh to ₹1.5 crore, covering up to 85% of valuation for a maximum of five years, with -based rates from 10.45% to 15.60%.

Current fixed interest-rate range10.45%–15.60% (fixed at disbursement)Maximum amountLoan up to ₹1.5 croreMaximum repayment period10 years minus vehicle age, capped at 60 months
Official product page ↗Compare category

Quick eligibility check

Certified Pre-Owned Car Loan

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: ₹3 lakh for salaried, self-employed, professional and business applicants?

Published source: Minimum annual income

2Does your age meet this requirement: Applicants must be 21 to 67 when applying and repay before age 70?

3Does your age meet this requirement: The vehicle-age formula may shorten the five-year maximum?

4Document checkDo you have this required document or proof: Application and KYC?

Published source: Minimum annual income

5Document checkDo you have this required document or proof: Income evidence and recent bank statements?

Published source: Minimum annual income

6Document checkDo you have this required document or proof: Certified vehicle documents and valuation?

Published source: Minimum annual income

7Document checkDo you have this required document or proof: Passport and visa evidence where required for NRI applicants?

Published source: Minimum annual income
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 6 Oct 2026 · active
Offered byState Bank of India

India through , subject to certified vehicle valuation, age and credit assessment

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

PurposePurchase of a certified pre-owned carView source
Vehicle valuation and remaining eligible life govern finance and tenor.
Source
Certified Pre Owned Car Loan
Page / section
Eligibility
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Published loan range₹2 lakh to ₹1.5 croreView source
Sanction remains subject to 85% and underwriting.
Source
Certified Pre Owned Car Loan
Page / section
Eligibility
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Maximum loan-to-value85% of SBI-accepted vehicle valuationView source
The loan ceiling does not override the valuation cap.
Source
Certified Pre Owned Car Loan
Page / section
Eligibility
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Maximum repayment period10 years minus vehicle age, capped at 60 monthsView source
An older vehicle receives a shorter available repayment period.
Source
Certified Pre Owned Car Loan
Page / section
Eligibility
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Minimum annual income₹3 lakh for salaried, self-employed, professional and business applicantsView source
Age is 21 to 67 at sanction and repayment must finish before age 70.
Source
Certified Pre Owned Car Loan
Page / section
Eligibility
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Loan typeVehicle loanView source
The official product name identifies this as “ Certified Pre-Owned Car Loan”.
Source
Certified Pre-Owned Car Loan — official product page
Page / section
Official product name and loan classification
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Tenure10 years minus vehicle age, capped at 60 monthsView source
An older vehicle receives a shorter available repayment period. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.
Source
Certified Pre Owned Car Loan
Page / section
Eligibility — comparison field: Tenure
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureCertified Pre-Owned Car Loan prepayment costs 1% of the pre-payment amount plus GST, charged quarterly, within two years of disbursement. Foreclosure costs 3% of theo-balance plus GST within two years.View source
The expressly distinguishes CPO prepayment at 1% and foreclosure at 3%, each plus within two years.
Source
Auto Loan Key Facts Statement
Page / section
Page 2, Part 1 item 10(vii)–(x)
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Foreclosure charge3% of theo-balance plus GST when a Certified Pre-Owned Car Loan is foreclosed within two years of disbursement.View source
The states that for Certified Pre-Owned Car Loan, 3% plus on theo-balance applies when foreclosure occurs within two years from disbursement.
Source
Auto Loan Key Facts Statement
Page / section
Page 2, item 10(ix) — Foreclosure charges
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Vehicle search fee₹50 + GST per vehicle search.View source
The lists vehicle search fee as Rs 50 plus .
Source
Auto Loan Key Facts Statement
Page / section
Page 2, item 10(v) — Vehicle Search Fee
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
SI / ECS / PDC failure charge₹500 + GST if an instalment is not credited within seven days of the ECS, SI or PDC date.View source
The publishes ₹500 plus when an or instalment is not credited within seven days from the // date.
Source
Auto Loan Key Facts Statement
Page / section
Page 2, item 10(vi) — // Failure Charges
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Non-registration / non-hypothecation penalty₹2,500 + GST per month after 120 days from disbursement until the bank's hypothecation charge is noted by the RTO.View source
The publishes ₹2,500 plus per month until the bank's hypothecation charge is noted by the RTO, after 120 days from disbursement.
Source
Auto Loan Key Facts Statement
Page / section
Page 2, item 10(vii) — Penalty for Non-Registration / Non-Hypothecation
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Maximum amountLoan up to ₹1.5 croreView source
The manually reviewed product summary states: “Loan up to ₹1.5 crore”.
Source
Certified Pre-Owned Car Loan — official product page
Page / section
Published loan terms in product summary
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Current fixed interest-rate range10.45%–15.60% (fixed at disbursement)View source
The current table lists Certified Pre-owned Car Loan at 10.45%–15.60% under the 1-year heading of 8.70% and labels the rates -based.
Source
Auto / Vehicle Loans Interest Rates
Page / section
Current scheme table; last updated 16-09-2026
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
Rate-card reference8.70% 1-year MCLR reference; the scheme rate is fixed at disbursement and does not reset with MCLR.View source
The current scheme row falls under 1-year : 8.70%. The same page says the customer rate applied at disbursement remains fixed for the entire loan period.
Source
Auto / Vehicle Loans Interest Rates
Page / section
Rate-card grouping; last updated 16-09-2026
Accessed
6 Oct 2026
Confidence
high
Open official source ↗
Current processing fee1.50% of loan amount; minimum ₹3,000 and maximum ₹10,000, plus GST.View source
The current Auto Loan tab prints the fee for Certified Pre-owned Car Loan: 1.50% of loan amount; minimum ₹3,000 and maximum ₹10,000, plus .
Source
Processing Fees
Page / section
Auto Loan tab; page last updated 01-10-2026
Accessed
6 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Loan up to ₹1.5 crore
  • Up to 85% of valuation
  • Five-year maximum tenor
  • -based fixed pricing

Eligibility

  • Applicants must be 21 to 67 when applying and repay before age 70.
  • The vehicle-age formula may shorten the five-year maximum.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application and
  • Income evidence and recent bank statements
  • Certified vehicle documents and valuation
  • Passport and visa evidence where required for applicants

Related official documents

SBI Auto Loan Key Facts Statement — APR and contingent chargesofficial-kfs-pdf · current · accessed 29 Aug 2026
↗
SBI Processing Fees — Auto Loansofficial-fee-table · current · accessed 13 Aug 2026
↗
SBI Processing Fees — current Auto Loan sectionofficial-fee-page · current · accessed 6 Oct 2026
↗
SBI Auto Loans Interest Ratesofficial-interest-rate-page · current · accessed 13 Aug 2026
↗
SBI Auto / Vehicle Loans Interest Rates — current scheme and score tablesofficial-interest-rate-page · current · accessed 6 Oct 2026
↗
SBI Auto Auto / Vehicle Loans Interest Rates — current benchmarkofficial-interest-rate-page · current · accessed 29 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹24,876twenty-four thousand eight hundred seventy-six rupees
Interest paid over the full loan₹34,70,141thirty-four lakh seventy thousand one hundred forty-one rupees
Everything you repay₹59,70,141fifty-nine lakh seventy thousand one hundred forty-one rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Penal charges · Standard auto loan2.40% p.a. on irregular portion up to 60 days; 5% p.a. on outstanding beyond 60 days

This value is copied from Auto Loan — contingent charges. Check the table notes before relying on it.

Source: Auto Loan Key Facts Statement · Pages 1–2, Part 1 item 10 Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 4 columnsSBI Auto Loan KFS — contingent chargesAll charge rows transcribed from the published KFS table; Certified Pre-Owned exceptions are preserved.View tableHide table

Scroll sideways to view every column

SBI Auto Loan KFS — contingent charges
ChargeStandard auto loanCertified Pre-Owned Car LoanTrigger / timing
Penal charges2.40% p.a. on irregular portion up to 60 days; 5% p.a. on outstanding beyond 60 daysSame published rowPayment default or account irregularity
Other penal chargesNILNIL—
Foreclosure2% + on theo-balance within 2 years3% + on theo-balance within 2 yearsForeclosure within 24 months of disbursement
Vehicle search₹50 + ₹50 + When vehicle search is required
/ / failure₹500 + ₹500 + Instalment not credited within 7 days
Non-registration / non-hypothecation₹2,500 + per month₹2,500 + per monthAfter 120 days until RTO noting
PrepaymentNIL1% of pre-payment amount + , quarterlyCPO prepayment within 2 years
SeizureActual seizure and parking chargesActual seizure and parking chargesIf bank seizes vehicle
  • The template leaves blank; no value is inferred.
Auto Loan Key Facts Statement · Pages 1–2, Part 1 item 10 · accessed 29 Aug 2026Open official source ↗
Table 2 · 4 rows · 3 columnsSBI Auto Loan KFS — APR and prepayment treatmentThe KFS APR status and vehicle-loan prepayment/foreclosure rows, preserving the Certified Pre-Owned exception.View tableHide table

Scroll sideways to view every column

SBI Auto Loan KFS — APR and prepayment treatment
ItemStandard auto loanCertified Pre-Owned Car Loan
Not published; field blankNot published; field blank
Prepayment within 2 yearsNIL1% of pre-payment amount + , charged quarterly
Foreclosure within 2 years2% of theo-balance + 3% of theo-balance +
Seizure / parkingActual chargesActual charges
  • No is inferred from the fixed scheme rate or 1-year reference.
Auto Loan Key Facts Statement · Pages 1–2, Part 1 item 10 and field · accessed 29 Aug 2026Open official source ↗
Table 3 · 1 row · 3 columnsCertified Pre-owned Car Loan — current interest rateExact scheme-specific rate and the MCLR group printed on SBI’s current fixed-rate table.View tableHide table

Scroll sideways to view every column

Certified Pre-owned Car Loan — current interest rate
SchemePublished rateRate-card reference and treatment
Certified Pre-owned Car Loan10.45%–15.60%1-year : 8.70%; fixed at disbursement
  • page labels these as fixed rates: the rate applied at disbursement remains the same for the entire loan period.
  • The rate table prints percentage values but does not append “p.a.” to the rows; this transcription does not add that unit.
  • Current page date: Last Updated On 16-09-2026.
Auto / Vehicle Loans Interest Rates · Scheme rows and relevant heading; last updated 16-09-2026 · accessed 6 Oct 2026Open official source ↗

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