Car Loan Rates EMI 2024
SBI Car Loan in Indore
Last Updated : March 31, 2017, 5:24 p.m.
About State Bank of India Car Loan in Indore
The State Bank of India is the oldest and largest bank in the country. It is a nationalised bank that has an extensive presence all across the country. It has a network of 18,354 branches and about 49,577 ATMs present throughout the length and breadth of the country. The headquarters of the bank are located in Mumbai. It is the leading bank that has been serving the banking requirements of the country’s people for more than 200 years. It offers the car loan facility to the people so as to give wings to their wish of owning a car.
SBI Car Loan in Indore at a Glance
| Particulars | Description |
|---|---|
| Interest Rate | 7.20% - 7.90% |
| Processing Fee | New Cars: No processing fees Used Cars: 1.25% of loan amount + GST; Min INR 3750 + GST & Max: INR 10,000 + GST |
| Foreclosure Charges | NIL |
| Loan Tenure | 1-7 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 Indore
Address of SBI Branches in Indore
The branch address, IFSC Code, MICR Code and customer care details of State Bank of India branches located in Indore are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Service Branch, Indore | AB Road Indore | SBIN0004383 | 452002001 | 0731-2711043-45 |
| Indore Main | Near GPO, A. B. Road, Indore, M.P. | SBIN0000387 | 452002002 | 0755-5298501 |
| Commercial Branch, Indore | Commercial Branch, Near GPO, A.B. Road, Indore - 452001 | SBIN0009632 | 452002003 | 0731-27077625 |
| M.G. Road Indore | S13, M.G. Road, Indore, M.P., Pin 452002 | SBIN0003218 | 452002004 | 0731-5298033, 0731-2535800 |
| Godha Colony Indore | 921, Bhanwar Kuwa Road, Near Tower Crossing, Pin 452004 | SBIN0003663 | 452002007 | 0731-5298016 0731-5298017 |
| CSWT BSF Campus, Indore | Bijasan Road, Airport Road Indore , Dist. Indore, Madhya Pradesh , Pin - 452002 | SBIN0004518 | 452002008 | 0731-2629015, 2629013 |
| Neelkanth Colony | 113, Netaji Subhash Marg, Jinsi, Indore, Indore Pin - 452006 | SBIN0009509 | 452002009 | 0731-2419644 |
| Cat Sukhnivas, Indore | Cat Campus, Cat Colony, Sukhniwas, Indore, Dist. Indore, Pin - 452013 | SBIN0008484 | 452002012 | 0731-2320591, 2487076, 0731-2322007 |
| SSI Indore | Indore Industrial Estate, Polo Ground, Indore, M.P. 452015 | SBIN0004037 | 452002013 | 0731-2424466 2423416 |
| Manikbagh Road, Jabalpur | 30, Godha Colony, Manik Bagh Road, Indore, M.P. 452004 | SBIN0004089 | 452002014 | 0731-5298013 |
| PBB Indore | Ground Floor, 27, Scheme - 54 PU 3, Commercial Bhamori, Vijaynagar, AB Road, Indore, M.P. , Pin - 452010 | SBIN0004206 | 452002015 | 0731-2575059 |
| SHFB Indore | 29 Starlit Towery , N Marg , M G Road Indore , Pin - 452001 | SBIN0004429 | 452002017 | 0731-5298081, 5298082 |
| PBB Sapana Sanageeta, Indore | 93 - Sneh Nagar, Sapna - Sangeeta Road, Personal Banking Branch - Indore , Pin - 452001 | SBIN0004388 | 452002018 | 0731-5078132 |
| Prakash Nagar Indore | Nemawar Road, Sajan Nagar, Indore 452001 | SBIN0005192 | 452002019 | 0731-4224152 |
| Aykar Bhavan, Indore | Collectorate Office Campus, Indore 452001 | SBIN0010139 | 452002023 | 0731-2476323 |
| Centralised Clg Processing Centre, Indore | SBI Main Br Premises, 1st Floor, Indore | SBIN0010554 | 452002024 | 9425308239 |
| Basant Vihar Colony, Indore | Dist Indore State Madhya Pradesh | SBIN0011763 | 452002028 | 0731-2554748 |
| Khandwa Road, Indore | Dist. Indore, State Madhya Pradesh | SBIN0011779 | 452002029 | 9754726950 |
| Annapurna Road, Indore | Indore, 300, Usha Nagar Main, Annapurna Road, Indore M.P., Dist Indore 452001 | SBIN0012659 | 452002032 | 9926649703 |
| ADB Sanwer | Dist Indore, Madhya Pradesh 453551 | SBIN0003017 | 453002001 | 1860 180 1290 |
| RNT Marg, Indore | 8 A, Silver Mall, Ravindra Nath Tagore Marg, Indore 452001 Madhya Pradesh | SBIN0060180 | 452002026 | 0731-522733 |
| Indore, Siyaganj | 22, Jawahar Marg Siyaganj Indore M.P. 452007 | SBIN0060416 | 452002027 | 0731-2364378 |
| Sanyogitaganj, Indore | 4 Shriddhanand Marg, Chhawni, Indore - 452001 | SBIN0030013 | 452005008 | 0731-2706514 |
| Palsikar Colony, Indore | 22, Palsikar Colony, Indore - 452004 | SBIN0030014 | 452005007 | 0731-2366329, 2366105 |
| P.Y. Road Indore | 1 Prince Yashwant Road, Indore - 452004 | SBIN0030015 | 452005002 | 0731-2548687, 2548689 |
| Industrial Estate, Indore | 96, Pologround, Indore - 452001 | SBIN0030016 | 452005005 | 0731-2423416, 2423406 |
| Rajmohalla, Indore | 235, Jawahar Marg, Malgank, Indore - 452002 | SBIN0030017 | 452005023 | 0731-2451511 |
| Rajwada Chowk, Indore | Shiv Vilas Palace, Rajwada Chowk Indore - 452004 | SBIN0030018 | 452005024 | 0731-2544746 |
| Mill Area, Indore | 121, Devi Ahilya Marg, Near Agniban Press, Indore - 452003 | SBIN0030019 | 452005016 | 0731-2533751, 2539287 |
| Cloth Market, Indore | 73, Sitlamata Bazar, Cloth Market, Indore - 452002 | SBIN0030020 | 452005004 | 0731-2454687, 2454582 |
| Siyaganj, Indore | 9. Maharani Road, Siyaganj Indore - 452007 | SBIN0030021 | 452005009 | 0731-2540822, 2544186 |
| M.G. Road, Indore | Kothari Market, M G Road, Indore - 452007 | SBIN0030107 | 452005014 | 0731-2544786 |
| Navlakha, Indore | Anaj Mandi, Navlakha, Indore - 452001 | SBIN0030109 | 452005006 | 0731-2461760, 2461737 |
| Laxmibai Nagar SSI Fin, Indore | 48 - A, Kila Maidan, Indore - 452006 | SBIN0030126 | 452005013 | 0731-2410891, 2411497 |
| University Campus, Indore | RNT Marg, Univ. Campus, Indore - 452001 | SBIN0030127 | 452005010 | 0731-2523812 |
| IFB, Indore | Abhay Khel Prashal, Race Cource Road, Indore - 452003 | SBIN0030340 | 452005003 | 0731-2542732, 2540655 |
| Nemi Nagar (Jain Colony), Indore | 4 Indralok Colony, Babu Labhchand Chhajlani Marg, Indore - 452009 | SBIN0030344 | 452005018 | 0731-2363736 |
| Shri Vaishnav Poly College, Indore | Friends House, Bangali Chouraha, Ring Road, Kanadia Road, Indore - 452009 | SBIN0030360 | 452005026 | 0731-2384018 |