Personal, home, vehicle & other loans

Loyalty Car Loan

A relationship car loan for qualifying home-loan borrowers, offering up to 100% of ex-showroom price, seven-year repayment and current fixed rates from 8.70% to 9.80%.

Current fixed interest-rate range8.35%–9.30% (fixed at disbursement)Maximum financeUp to 100% of ex-showroom price Maximum amountUp to 100% of the vehicle ex-showroom price, subject to the bank's eligibility and security conditions.

Official product page ↗Compare category

✓ Manually checked 6 Oct 2026 · active

Offered byState Bank of India

India for qualifying existing home-loan borrowers

Key facts

What the official sources publish

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

Relationship eligibilityExisting SBI housing-loan borrower with at least one year of satisfactory post-moratorium servicing, possession taken, valid equitable mortgage, required security margin and completed sanction termsView source

The relationship conditions distinguish this from the standard new-car product.

Source: Loyalty Car Loan Scheme
Page / section: Eligibility
Accessed: 13 Aug 2026
Confidence: high

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Maximum financeUp to 100% of ex-showroom priceView source

Actual sanction remains subject to instructions and credit assessment.

Source: Loyalty Car Loan Scheme
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

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Maximum repayment period84 monthsView source

Seven years is the published maximum.

Source: Loyalty Car Loan Scheme
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

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Minimum net annual income₹2 lakhView source

Relationship and security conditions apply in addition to income.

Source: Loyalty Car Loan Scheme
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Loan typeVehicle loanView source

The official product name identifies this as “ Loyalty Car Loan”.

Source: Loyalty Car Loan — official product page
Page / section: Official product name and loan classification
Accessed: 13 Aug 2026
Confidence: high

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Tenure84 monthsView source

Seven years is the published maximum. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.

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

Open official source ↗

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 amountUp to 100% of the vehicle ex-showroom price, subject to the bank's eligibility and security conditions.Effective 15 Jul 2025View source

The official Features section states: maximum up to 100% of Ex-Showroom Price.

Source: Loyalty Car Loan — official product page
Page / section: Features —
Accessed: 14 Sept 2026
Confidence: high

Open official source ↗

Current fixed interest-rate range8.35%–9.30% (fixed at disbursement)View source

The current table lists Loyalty Car Loan at 8.35%–9.30% 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

Open official source ↗

Benefits and features

Up to 100% of ex-showroom price
Rates from 8.70% p.a.
Seven-year maximum tenor
Lower ₹2 lakh income threshold

Eligibility

Only qualifying existing housing-loan borrowers are eligible.
Loans above ₹5 lakh extend the housing-loan equitable mortgage; smaller loans require the published title-deed lien authority.

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

Documents the bank lists

Car-loan documents
Existing home-loan servicing and possession records
Mortgage extension or title-deed lien authority as applicable

Try the numbers

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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₹21,459twenty-one thousand four hundred fifty-nine rupees

Interest paid over the full loan₹26,50,118twenty-six lakh fifty thousand one hundred eighteen rupees

Everything you repay₹51,50,118fifty-one lakh fifty thousand one hundred eighteen 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 · 1 row · 3 columnsSBI Loyalty Car Loan — 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 Loyalty Car Loan — current interest rate
Scheme	Published rate	Rate-card reference and treatment
Loyalty Car Loan	8.35%–9.30%	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 ↗

Table 3 · 19 rows · 3 columnsSBI Auto Loan MITC — conditions, fees and service chargesText reviewed page-by-page from the 2-page official MITC; this table preserves the source’s exact distinctions between shared rules, new-car-only rules, and charges explicitly headed “under SBI Car Loan.”View tableHide table

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SBI Auto Loan MITC — conditions, fees and service charges
Topic	Published term	Applicability / source scope
Products named	Car Loan; Loyalty Car Loan; Car Loan; Assured Car Loan; Two-Wheeler Loan; Super Bike Loan.	Page 1 — explicit covered-product list
Car-loan purpose	Purchase of new/used cars, and .	Page 1 — purpose
Maximum tenor	Up to 84 months on fixed interest rate.	Page 1 — loan tenure
General car-loan	Maximum 85% of on-road price; maximum loan amount 100% of ex-showroom price.	Page 1 — ; product-page discrepancy is recorded separately
Interest calculation	Daily reducing balance with monthly rests; Car Loan rate is fixed and -based at sanction in this .	Page 1 — rate and calculation
Penal interest	For loan amounts above ₹25,000, if irregularity exceeds the /installment amount for one month: 2% per month over the applicable rate on overdue amount for the default period; no penal interest for loans up to ₹25,000.	Page 1 — penal interest
Cheque// dishonour	₹250 + for each bounced cheque, or Standing Instruction dishonour; says the charge may vary.	Page 1 — dishonour
Repayment setup	Set the monthly repayment date to coincide with the borrower’s major income flow; bank may use when available.	Page 1 — repayment
Prepayment and foreclosure	Pre-payment penalty NIL in new-car loan; gives 2% of closure amount + for fixed-rate new-car foreclosure within 24 months.	Page 1 — prepayment/foreclosure; later Auto Loan provides current covered-scheme detail
Vehicle hypothecation / RC	Mark hypothecation in vehicle registration; submit the original RC for lien verification within 120 days; delay beyond 120 days may incur ₹2,500 + per month until registration/lien noting.	Page 1 — security
Inspection	Initial inspection; thereafter periodic inspections waived for a standard asset. After one monthly instalment defaults, inspection is required and costs ₹350 + each time.	Page 1 — inspection
processing fee (new car fixed-rate wording)	Up to ₹5 lakh: ₹750 + ; above ₹5 lakh to ₹10 lakh: ₹1,200 + ; above ₹10 lakh: ₹1,500 + . The current 01-10-2026 fee page now prints different New Car amounts and no amount in its /Loyalty/Green rows; do not apply this older schedule to those blank rows.	Page 1 — fee schedule
Other charges scope	Under the heading “Other charges under Car Loan”: VAHAN search ₹50 + ; cheque/ swap ₹400 + ; amortization schedule ₹100 + ; duplicate account statement ₹112 + ; pre-payment statement ₹100 + ; duplicate NOC ₹300 + ; petrol-to-/CNG conversion NOC ₹400 + ; NOC revalidation ₹400 + ; loan rescheduling ₹500 + .	Page 1 — other charges under Car Loan; variant applicability is not separately mapped
Borrower-paid incidentals and tax	Borrower bears valuer fees, insurance premium, stamp duty, registration/CERSAI registration, VAHAN hypothecation verification, /telecalling and other incidental costs; government taxes may be collected as applicable.	Page 1 — incidentals/tax
Disbursement and	Disbursement to supplier/dealer via / or after statutory compliance; all loans require verification before sanction.	Page 1 — disbursement and
Comprehensive vehicle insurance	Keep the vehicle comprehensively insured for market value or at least 10% above outstanding loan, whichever is higher; note the bank’s financier interest; renew annually until all dues are repaid.	Page 2 — insurance
Application disposition time	Complete applications with required documents: 2 days at urban centres and 4 days at rural centres. Keep separate from the linked form’s 15-day notice statement.	Page 2 — TAT
Default reminders	may send repayment reminders by post, fax, telephone, email, or appointed collection agencies.	Page 2 — default
Credit bureau disclosure	may inquire with credit bureaus and disclose account/credit/default data to authorized agencies under the terms stated in the .	Pages 1–2 — disclosure

dated 17-02-2024 explicitly names six products; it does not name the Green Car Loan or Certified Pre-owned Car Loan.
The source labels the processing fee as a new-car fixed-rate schedule and other charges under Car Loan. Do not assume these amounts apply to , Loyalty, Assured, Two-Wheeler or Super Bike where the source does not specify.
The current fee page updated 01-10-2026 supersedes the older New Car processing-fee rows; the , Loyalty and Green rows are blank on that current page.
current page (updated 11-07-2024) says up to 90% of on-road price; this older, broader says max 85% of on-road and 100% ex-showroom. does not reconcile the difference.
The current Auto Loan already reviewed 29-08-2026 is retained as the newer source for product-specific /contingent-charge facts; this table does not replace it.
target timing (2 urban/4 rural days) and linked application-form mail notice (within 15 days) are preserved as separate statements.

Auto Loan Most Important Terms and Conditions · Pages 1–2; complete extracted page text manually reviewed; effective date 17-02-2024 · accessed 6 Oct 2026Open official source ↗

Loyalty 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