SBI Car Loan Chennai Eligibility and Interest Rate-Wishfin

SBI Car Loan in Chennai

About State Bank of India Car Loan in Chennai

State Bank of India is the largest government-owned bank that has a significant overseas presence. It is a worldwide bank that has 191 foreign offices spread across 36 countries. In India alone, the bank has gained high position. As per the Brand Trust Report 2013, SBI was the 50th most trusted brand in India. The bank acknowledges the desires of the people and provides a right financial tool to hack it. It let the customer drive home his favourite car by providing the car loan.  

SBI Car Loan in Chennai at a Glance

Interest Rate7.20% - 7.90%
Processing FeeNew Cars: No processing fees
Used Cars: 1.25% of loan amount + GST; Min INR 3750 + GST & Max: INR 10,000 + GST
Foreclosure ChargesNIL
Loan Tenure1-7 Years for New Cars
1-5 Years for Old Cars

Eligibility Criteria

The State Bank of India provides car loan after evaluating individual’s profile. It has set certain criteria to determine the suitability. The car loan eligibility criteria are:

  • A regular employee of State / Central Government, Public Sector Undertaking, Private Company or a reputed establishment with minimum annual income of ₹ 2,50,000.
  • Professionals, self-employed, businessmen, proprietary/partnership firms who are income tax assesses with net profit or gross taxable income of ₹ 4,00,000 per annum
  • Person engaged in agricultural and allied activities with minimum net annual income of ₹ 4,00,000

Documents Required

In order to avail the benefit of a car loan, the individual needs to submit the following documents:

  • Statement of bank account for last 6 months
  • 2 passport size photographs
  • Proof of Identity: (Copy of any one) Passport/ PAN Card/ Voters ID card/ Driving License etc.
  • Address Proof: (Copy of any one) Ration card/Driving License/Voters ID card/ Passport / Telephone Bill/ Electricity bill/Life Insurance policy
    Income Proof: Latest Salary Slip, Form 16/ ITR for last 2 years, I.T. Returns or Form 16 for the last 2 years, Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate/sales tax certificate / SSI registered certificate/copy of partnership ( non- salaried)

For more information, visit Car Loan Chennai

Address of SBI Branches in Chennai

The branch address, IFSC Code, MICR Code and customer care details of State Bank of India branches located in Chennai are mentioned in the table below:

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Collectorate Road, Tiruvannamalai

Rayar Naidu Complex, 15 Polur Road, Tiruvannamalai 606601SBIN00129342440020999442218204
LHO, Chennai

Circle Top House, Aparna Complex, 16 College Lane ChennaiSBIN000397260000200028214293/ 28214785/ 28214617/ 28214618
Service Branch Chennai

Whites Road ChennaiSBIN0008443600002001044-28515627, 28522638, 28521849, 28522738

No. 5 First Cross Street, Kasturba Nagar, Adyar, Chennai 600020SBIN0001115600002002044-24416780, 24403578
Alwarpet, Chennai

241, TTK Road Alwarpet Chennai, 600018SBIN0002190600002003044-24992397 24988145

Post Bag No. 5402, 22, Sathurudden Sahib Street, ChennaiSBIN0003273600002004044-26640149, 044-26641257
Anna Nagar, Chennai

1st Floor, AG - 1, Shanti Colony, Anna Nagar, Chennai, Chennai City, 600040SBIN0002196600002005044-26211539
Anna Nagar West ChennaiY211, 2nd Avenue, Chennai, Pin 600040SBIN0003870600002006044-26215712, 044-26200247

P.B. No. 342103 A, Anna Salai, Chennai, Tamil Nadu, Pin 600002SBIN0000878600002007044-28603201

NO. 9, Muniathinam Street Ayyavoo Naidu Colony, Chennai City Pincode - 600029SBIN0006495600002008044-23632387, 044-23631326
Ashok Nagar

1 Housing Board Shop Comp Ashok Ngr Chennai T.N.
SBIN0001857600002009044-24892148, 23713330
Ayanavaram, Chennai

317, Konnur High Road, Opp. Ramanuja Nagar, Chennai, Chennai City, 600023SBIN0002202600002010044-26450981 044-26602792
C I T Nagar

1 North Rd, West CIT Ngr, Chennai, TN
SBIN00033076000020111800 425 3800
Chetput, Chennai

No.17, M.C. Nichols Road, Chennai Chennai City, 600031SBIN0001852600002012044-28363489
Chinthadripet, Chennai

24 , Arunachalam Street, Ist Floor Chinthadripet , Chennai Tamilnadu , Pin - 600002SBIN0005380600002013044-28418248
Commercial Branch, Chennai

Bombay Mutual Bldg., 232, Nsc Bose Road, Chennai 600001SBIN0007347600002014044-25342140, 044-25340975
Elephant Gate, Chennai

15, Ekambareswarar Street, Chennai, Chennai City, Tamilnadu , Pin - 600003SBIN0003308600002016044-25330801, 044-25358556

238 Avvai Shunmugam Sal - , Gopalapuram Distt. Chennai, Tamil Nadu 600086SBIN0000962600002017044-28351663, 28351015
IIT, Madras
IIT Campus, IIT, Chennai, Tamil NaduSBIN0001055600002018 044-22570247, 22579354
Jawahar Nagar, Chennai

B - 58, 70 Feet Road, Chennai Jawahar Nagar Chennai, Chennai City Pincode - 600082SBIN0007582600002019044-25500983
K K Nagar

207, Ramaswamy Road, K.k.nagar, Chennai, Tamil Nadu, Pin - 6000078SBIN0007625600002020044-24843134
Kilpauk, Chennai22, Taylors Road Kilpauk Chennai, 600010SBIN0001853600002021044-26448348

Ambiga Complex, 32 Arcot Road, Distt. Chennai, Tamil Nadu 600024SBIN0001444600002022044-24849964, 24849965

No.4, Dhandayuthapani, Chennai City, Tamil Nadu 600085SBIN0001669600002023044-24474962, 24470747
Chennai Main

84 Rajaji Salai, Chennai, Tamil Nadu 600001SBIN0000800600002025044-25220141
Madras University

University Bldgs, Chepauk, Chennai Chennai, 600005SBIN0002234600002026044-25361444
Mahalingapuram, Chennai
12, Lady Madhawan Road Chennai City Pincode - 600034SBIN0007105600002027044-28171386

Post Box No.3105, 48, Venkatakrishna Iyer Road, Chennai, 600028SBIN0001854600002028044-24939514
Mannady, Chennai

31, Stringers Street, Mannady Chennai City, Tamil Nadu 600108SBIN0001682600002029044-25385161, 25384514
Mint Terminus, Chennai
21, Mint Street Mint Terminus Chennai, Tamil Nadu 600079SBIN0001476600002030044-25201068

46 By1, Luz Church Rd, Chennai
SBIN00009656000020311800 425 3800

No.1, Balaji Avenue, 6b, Tirumalai Pillai Road, Chennai, 600017SBIN0002244600002033044-28343336

6 Uthamar Gandhi Rd Nungambakkam Chennai TNSBIN0001176600002034044-28250069/ 2826715028213585 /28272392
PWD Complex, Chennai
P.B. NO.153 Chepauk, Chennai City Pincode - 600005SBIN0006489600002036044-28546778

110 Madhavaram High Rd., Perambur, Chennai, TN, 600007SBIN0002256600002038044-25584195, 044-25581812, 044-25585445
Anna University

AU College Campus Sardar Patel Rd Guindy Chennai TNSBIN0006463600002039044-22351353, 22200016
Periamet Chennai

144, Vepery High Road, Chennai Chennai Chennai City, 600003SBIN0002257600002040044-25389805, 25389541

271, Purasawalkam High Rd, Purasawalkam, Chennai, 600007SBIN0001515600002041044-26401756, 044-26401755, 044-26425321
R A Puram Chennai

19, III Cross Road, Chennai, New No.12, Raja Annamalaipuram Chennai City, 600028SBIN0001855600002042044-24330801

213, Royapettah High Road, Chennai City, Tamil Nadu 600014SBIN0001793600002043044- 28111887
Royapuram, Chennai

Post Box No 553, No.178 Mannarswamy Koil Street, Royapuram Chennai, 600013SBIN0002265600002044044-25951944
Saidapet Bazar, Chennai
14 - 15 Jeenis Road Saidapet Chennai City, 600015SBIN0002266600002046044-24331051, 24363114, 24355916
Sant Home

9 DE Monte Street, Santhome High Road, Santhome , Chennai , Pin - 600004
Siruthozhil Chennai

320, Valluvar, Kottam High Road, Nungambakkam, Chennai, Pin 600034
SBIN0006616600002050 044-28221624 044-28211664
Sowcarpet, Chennai

31, Bunder Street, Chennai Govindappa Naicken St.chennai City, Tamil Nadu 600001SBIN0001017600002051044-25369584


Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%