Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
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 terms
Source 1Current fixed interest-rate range8.70% to 9.80% p.a.
Source 2Maximum financeUp to 100% of ex-showroom price
Source 3Maximum repayment period84 months
Source 4Minimum net annual income₹2 lakh
Source 5Processing feeSame published new-car fee bands: ₹1,000 to ₹3,000 for salaried/
Source 6Benefits 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 SBI 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