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Business, & agriculture finance

Car Loan

term loans in the unit's name for new petrol, diesel, CNG, hybrid or electric cars, up to ₹5 crore with 10%–15% margin and 5- or 7-year repayment.

Loan amountUp to ₹5 crore or four times annual gross taxable income, whichever is lowerTarget customersExisting-to-bank and new-to-bank SME units; all MSME and non-MSME units with the stated borrowing/current-account conditionsSecurityNo collateral security; hypothecation of the vehicle(s) purchased is taken
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Quick eligibility check

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.

1Do you meet this requirement: Existing-to-bank and new-to-bank SME units?

Published source: Target customers

2Do you meet this requirement: all MSME and non-MSME units with the stated borrowing/current-account conditions?

Published source: Target customers

3Do you meet this product condition: Unit must have SBI borrowing or a qualifying 12-month current-account relationship?

Published source: Eligibility

4Do you meet this requirement: existing borrowing accounts must not be SMA-1 or worse in the last 12 months?

Published source: Eligibility

5Do you meet this requirement: Loans must be in the SME unit's name?

6Document checkDo you have this required document or proof: The page states account-vintage and account-quality conditions but does not publish a fixed applicant document checklist?

Published source: Documents

7Document checkDo you have at least one of these required documents: ₹3 lakh per year or above, according to the previous year's income-tax return?

Published source: Minimum gross taxable income
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 1 Sept 2026 · active
Offered byState Bank of India

India

Key facts

What the official sources publish

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

PurposeTerm loan in an SME unit's name to purchase new passenger cars, jeeps, MUVs and SUVs for promoters, partners, directors or employees; demo cars are not financedEffective 9 Jan 2025View source
To provide car loans as term loan in the name of units, for purchase of only new cars... Financing for Demo Cars is not permitted.
Source
Car Loan — official product page
Page / section
Objective / Purpose
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Target customersExisting-to-bank and new-to-bank SME units; all MSME and non-MSME units with the stated borrowing/current-account conditionsEffective 9 Jan 2025View source
The loan can be extended in the name of Units, both Existing to Bank (ETB) and New to Bank (NTB). Loans in individual names shall not qualify.
Source
Car Loan — official product page
Page / section
Features — Target Group and Eligibility
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
FacilityTerm loanEffective 9 Jan 2025View source
Facilities Available: Term Loan.
Source
Car Loan — official product page
Page / section
Features — Facilities Available
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Loan amountUp to ₹5 crore or four times annual gross taxable income, whichever is lowerEffective 30 Apr 2025View source
Quantum of finance: Rs 5.00 crores or up to 4 times the Gross Taxable Income per annum, whichever is lower
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Car Loan
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Borrower margin10% of on-road price up to ₹25 lakh; 15% above ₹25 lakh to ₹5 croreEffective 9 Jan 2025View source
Up to Rs. 25 lakh: 10% of the on-road price; >Rs.25 lakh to Rs.5 Cr: 15% of the on-road price.
Source
Car Loan — official product page
Page / section
Features — Borrower's Margin / Contribution
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Tenure5 or 7 years through EMIsEffective 30 Apr 2025View source
Maximum Repayment Period of 5 or 7 years through
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Car Loan
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount, minimum ₹500 and maximum ₹10,000Effective 9 Jan 2025View source
0.50% of the loan amount (subject to min. of Rs. 500 and max. of Rs. 10,000).
Source
Car Loan — official product page
Page / section
Features — Processing Fee / Upfront Fee
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Other chargesAs per SBI guidelines and disclosed to the borrower before sanctionEffective 9 Jan 2025View source
Other Charges: As per Bank Guidelines which will be appraised to the borrower before sanction of loans.
Source
Car Loan — official product page
Page / section
Features — Other Charges
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
SecurityNo collateral security; hypothecation of the vehicle(s) purchased is takenEffective 30 Apr 2025View source
Collateral Security is not required. Only hypothecation of the vehicle(s) purchased will be taken as a security
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Car Loan
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
EligibilityUnit must have SBI borrowing or a qualifying 12-month current-account relationship; existing borrowing accounts must not be SMA-1 or worse in the last 12 monthsEffective 9 Jan 2025View source
Existing unit ... borrowing arrangement ... last 12 months subject to account not being in SMA-1 or worse; current-account customers require minimum vintage of 12 months.
Source
Car Loan — official product page
Page / section
Special Feature and Eligibility
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Turnover / relationship vintageA qualifying SBI current-account relationship must have at least 12 months' vintage. Existing SBI borrowing is also accepted when the account has not been SMA-1 or worse during the last 12 months; no rupee turnover threshold is published.Effective 9 Jan 2025View source
The page states that an existing unit may use a borrowing arrangement with for the last 12 months or a current-account relationship with minimum vintage of 12 months; existing borrowing must not be SMA-1 or worse.
Source
Car Loan — official product page
Page / section
Special Feature and Eligibility
Accessed
8 Sept 2026
Confidence
high
Open official source ↗
Minimum gross taxable income₹3 lakh per year or above, according to the previous year's income-tax returnEffective 30 Apr 2025View source
Promoter/Partner/Director should have a Gross Taxable Income of Rs.3.00 lakhs p.a. and above as per their last year's Income Tax Return
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Car Loan
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
Car Loan — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
DocumentsThe page states account-vintage and account-quality conditions but does not publish a fixed applicant document checklist.View source
The manually reviewed product record states: “The page states account-vintage and account-quality conditions but does not publish a fixed applicant document checklist.”.
Source
Car Loan — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to ₹5 crore overall limit with no per-car cap
  • Petrol, diesel, CNG, hybrid and electric new cars
  • 5- or 7-year repayment
  • Pre-existing ETB/NTB current-account routes

Eligibility

  • Loans must be in the unit's name; individual-name loans do not qualify and demo cars are excluded.
  • Existing borrowing/current-account vintage routes require 12 months and the account must not be SMA-1 or worse during the last 12 months.

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

Documents the bank lists

  • The page states account-vintage and account-quality conditions but does not publish a fixed applicant document checklist.

Related official documents

SBI Bouquet of Products and Services — Version 3.0 (Business loan section)official-pdf · current · accessed 10 Sept 2026
↗
SME Car Loan — official SBI product pageofficial-product-page · current · accessed 1 Sept 2026
↗
SME Car Loan — official SBI product page (final comparison review)official-product-page · current · accessed 8 Sept 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₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine 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.

Eligible vehicles · Published termNew petrol, diesel, CNG, hybrid or electric cars; demo cars excluded

This value is copied from Car Loan — published terms. Check the table notes before relying on it.

Source: Car Loan — official product page · Purpose, Features, Special Feature and Eligibility Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 9 rows · 2 columnsSME Car Loan — published termsTerms published on SBI's official SME Car Loan page.View tableHide table

Scroll sideways to view every column

SME Car Loan — published terms
ItemPublished term
Eligible vehiclesNew petrol, diesel, CNG, hybrid or electric cars; demo cars excluded
Borrower unit (ETB or NTB); individual-name loans excluded
Amount₹5 crore overall; no per-car cap
Margin10% up to ₹25 lakh; 15% above ₹25 lakh to ₹5 crore
PricingBased on score and loan tenor
Repayment5 or 7 years through
Processing fee0.50%; minimum ₹500, maximum ₹10,000
Other chargesBank guidelines, disclosed before sanction
Account condition12-month vintage routes; SMA-1 or worse excluded for existing borrowing
  • Last updated on the page: 9 January 2025.
Car Loan — official product page · Purpose, Features, Special Feature and Eligibility · accessed 1 Sept 2026Open official source ↗
Table 2 · 13 rows · 4 columnsBusiness-loan panelsView tableHide table

Scroll sideways to view every column

Business-loan panels
Product or variantPublished purpose / eligibilityAmount / rate / feeTenure / margin / security
Cash Credit (Working Capital)Manufacturing, trade and services; limits assessed on audited financials/cash flow and projectionsCompetitive rating-linked interest; amount not publishedFacility subject to bank policy
Term LoanManufacturing, trade and services acquiring fixed assets or expanding capacityCompetitive internal/external-rating-linked interest; amount not publishedCollateral as per bank policy
e-DFSDealers/distributors recommended by an Industry Major/6-month -linked; minimum 25% collateral securityCash-credit inventory funding
e-VFS — vendor exposureVendors of reputed corporates; peak monthly sales plus 20% contingency100% invoice funding; ₹10,000–₹30,000 unified charges; nil collateralClean cash credit; T-Bill-linked pricing; in-principle digital sanction up to ₹50 crore
e-VFS — Industry Major exposureCorporate's peak monthly purchases; no individual vendor limit100% invoice funding; no primary security; clean or security-backed by risk assessmentT-Bill-linked pricing; liberalised documentation
Export FinanceExporters using EPC, FBP, , and Exporters Gold CardCompetitive/T-Bill-linked pricing; Interest Equalisation Scheme where eligibleNeed-based limits based on export turnover/orders; collateral as per policy
Asset Backed Loan (Saral)Loan against propertyMore than ₹10 lakh to ₹5 crore; 65% of realizable property value180 months; no primary security envisaged
ABLLoan against propertyMore than ₹5 crore to ₹20 crore; 60% of realizable property value240 months; no primary security envisaged
Car LoanPromoter/partner/director gross taxable income ₹3 lakh+; vehicle purchaseUp to ₹5 crore or 4× annual income, lower of the two5 or 7 years; no collateral, vehicle hypothecation
Fleet FinanceThree years' experience; regular scheme requires 10-vehicle fleet₹50 lakh–₹50 crore tie-up; ₹50 lakh–₹5 crore regular72 months incl. 5-month moratorium tie-up; 60 months regular; regular
Healthcare Business LoanHealthcare practitioners, hospitals, diagnostics, pharmacies and manufacturers₹10 lakh–₹50 crore; cash credit capped at ₹5 crore10 years incl. 18-month moratorium; 25% tangible collateral above ₹5 crore
Finance to Solar VendorsExisting solar vendors/channel partners/sub-contractors registered with MNREMore than ₹10 lakh to ₹5 crore; processing fee per extant card ratesCash credit; no collateral; cover
EV MitraExisting/prospective and non- businesses setting up public/captive/battery-swapping stationsMore than ₹10 lakh to ₹5 crore; minimum 25% borrower contribution8 years incl. 9-month moratorium; processing fee per extant card rates; amenities capped at 25% of project cost or ₹100 lakh
  • Every row is transcribed from the rendered panels; an amount, fee or security rule is left unpublished when the panel is silent.
Bouquet of Products and Services — Version 3.0 (Business loan section) · Printed pages 29–31 / physical pages 36–38 · accessed 10 Sept 2026Open official source ↗
Table 3 · 4 rows · 2 columnsSBI SME Car Loan — relationship eligibilityRelationship-vintage and account-quality conditions transcribed from the official product page.View tableHide table

Scroll sideways to view every column

SBI SME Car Loan — relationship eligibility
RequirementPublished condition
Current-account routeMinimum 12 months' account vintage
Borrowing route borrowing arrangement for the last 12 months
Account qualityExisting borrowing must not be SMA-1 or worse during the last 12 months
TurnoverNo rupee threshold published
Car Loan — official product page · Special Feature and Eligibility · effective 9 Jan 2025 · accessed 8 Sept 2026Open official source ↗

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