The EV scheme offers one year more than the standard new-car maximum. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.

Source: Green Car Loan
Page / section: Features — comparison field: Tenure
Accessed: 13 Aug 2026
Confidence: high

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Prepayment / foreclosureStandard auto-loan prepayment is NIL. Foreclosure is 2% of theo-balance plus GST when completed within two years of disbursement; actual seizure and parking charges apply if the bank seizes the vehicle.View source

The table states NIL prepayment for standard auto loans and 2% plus foreclosure on theo-balance 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

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Maximum amountPublished eligibility formula: 48× net monthly income for specified employees; 4× net profit or gross taxable income for professionals/self-employed; 3× net annual income for agriculture and allied activities. LTV is up to 100% of on-road price.Effective 16 Feb 2026View source

The current page publishes the three-category Max. Loan Amount formulas and up to 100% of on-road price.

Source: Green Car Loan — official product page
Page / section: Eligibility table; Features — Loan to Value
Accessed: 14 Sept 2026
Confidence: high

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Current fixed interest-rate range8.30%–9.35% (fixed at disbursement)View source

The current table lists Green Car Loan for electric cars at 8.30%–9.35% below the 3-month heading of 8.25%; rates are fixed at disbursement.

Source: Auto / Vehicle Loans Interest Rates
Page / section: Current scheme table; last updated 16-09-2026
Accessed: 6 Oct 2026
Confidence: high

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Rate-card reference8.25% 3-month MCLR reference; the scheme rate is fixed at disbursement and does not reset with MCLR.View source

The current scheme row falls under 3-month : 8.25%. 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

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Benefits and features

EV-only focused finance
Up to 100% of on-road price
Rates from 8.75% p.a.
Eight-year maximum tenor

Eligibility

Applicants must be aged 21 to 70 and meet category-specific income rules.
The current rate table should be used instead of inferring a rate from the older concession statement.

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

Documents the bank lists

Application and
Income evidence
Recent bank statements
Electric-car quotation and registration or insurance documents

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Loan repayment estimate

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

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,380twenty-one thousand three hundred eighty rupees

Interest paid over the full loan₹26,31,240twenty-six lakh thirty-one thousand two hundred forty rupees

Everything you repay₹51,31,240fifty-one lakh thirty-one thousand two hundred forty 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.

TableItemChoose column

· Standard auto loanNot published; field blank

This value is copied from Auto Loan — and prepayment treatment. Check the table notes before relying on it.

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

Published tables

Complete rates, limits and schedules

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

Table 1 · 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

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SBI Auto Loan KFS — APR and prepayment treatment
Item	Standard auto loan	Certified Pre-Owned Car Loan
	Not published; field blank	Not published; field blank
Prepayment within 2 years	NIL	1% of pre-payment amount + , charged quarterly
Foreclosure within 2 years	2% of theo-balance +	3% of theo-balance +
Seizure / parking	Actual charges	Actual 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 2 · 3 rows · 3 columnsSBI Green Car Loan — published maximum-loan formulasEligibility categories and the maximum-loan formula printed on the current official page.View tableHide table

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SBI Green Car Loan — published maximum-loan formulas
Applicant category	Published income criterion	Maximum loan amount
Specified employees / / PMSP / IGSP / short-commissioned defence officers	Combined net annual income at least ₹3 lakh	48× net monthly income
Professionals, self-employed, businessmen and income-tax assessees	Net profit or gross taxable income at least ₹3 lakh p.a.	4× net profit or gross taxable income after depreciation and existing-loan repayments
Agriculture and allied activities	Combined net annual income at least ₹4 lakh	3× net annual income

The page also publishes up to 100% of on-road price; sanction remains subject to assessment.

Green Car Loan — official product page · Eligibility table · effective 16 Feb 2026 · accessed 14 Sept 2026Open official source ↗

Table 3 · 1 row · 3 columnsSBI Green Car Loan (electric cars) — current interest rateExact scheme-specific rate and the MCLR group printed on SBI’s current fixed-rate table.View tableHide table

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SBI Green Car Loan (electric cars) — current interest rate
Scheme	Published rate	Rate-card reference and treatment
Green Car Loan (electric cars)	8.30%–9.35%	3-month : 8.25%; 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 ↗

Green Car Loan

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI Aashray Home Loan

SBI Assured Car Loan

SBI Certified Pre-Owned Car Loan

SBI Combo Home Loan