SBI Car Loan Indore Eligibility and Interest Rate-Wishfin

SBI Car Loan in Indore

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

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 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 NameComplete AddressIFSC CodeMICR CodeContact Number
Service Branch, IndoreAB Road Indore
Indore Main

Near GPO, A. B. Road, Indore, M.P.SBIN00003874520020020755-5298501
Commercial Branch, Indore

Commercial Branch, Near GPO, A.B. Road, Indore - 452001
M.G. Road Indore

S13, M.G. Road, Indore, M.P., Pin 452002
SBIN00032184520020040731-5298033, 0731-2535800
Godha Colony Indore

921, Bhanwar Kuwa Road, Near Tower Crossing, Pin 452004SBIN00036634520020070731-5298016 0731-5298017
CSWT BSF Campus, Indore

Bijasan Road, Airport Road Indore , Dist. Indore, Madhya Pradesh , Pin - 452002SBIN00045184520020080731-2629015, 2629013
Neelkanth Colony

113, Netaji Subhash Marg, Jinsi, Indore, Indore Pin - 452006SBIN00095094520020090731-2419644
Cat Sukhnivas, Indore

Cat Campus, Cat Colony, Sukhniwas, Indore, Dist. Indore, Pin - 452013SBIN00084844520020120731-2320591, 2487076, 0731-2322007
SSI Indore

Indore Industrial Estate, Polo Ground, Indore, M.P. 452015SBIN00040374520020130731-2424466 2423416
Manikbagh Road, Jabalpur

30, Godha Colony, Manik Bagh Road, Indore, M.P. 452004SBIN00040894520020140731-5298013
PBB Indore

Ground Floor, 27, Scheme - 54 PU 3, Commercial Bhamori, Vijaynagar, AB Road, Indore, M.P. , Pin - 452010SBIN00042064520020150731-2575059
SHFB Indore

29 Starlit Towery , N Marg , M G Road Indore , Pin - 452001SBIN00044294520020170731-5298081, 5298082
PBB Sapana Sanageeta, Indore

93 - Sneh Nagar, Sapna - Sangeeta Road, Personal Banking Branch - Indore , Pin - 452001SBIN00043884520020180731-5078132
Prakash Nagar Indore
Nemawar Road, Sajan Nagar, Indore 452001SBIN00051924520020190731-4224152
Aykar Bhavan, Indore

Collectorate Office Campus, Indore 452001SBIN00101394520020230731-2476323
Centralised Clg Processing Centre, IndoreSBI Main Br Premises, 1st Floor, IndoreSBIN00105544520020249425308239
Basant Vihar Colony, Indore
Dist Indore State Madhya PradeshSBIN00117634520020280731-2554748
Khandwa Road, Indore
Dist. Indore, State Madhya PradeshSBIN00117794520020299754726950
Annapurna Road, Indore

Indore, 300, Usha Nagar Main, Annapurna Road, Indore M.P., Dist Indore 452001SBIN00126594520020329926649703
ADB Sanwer

Dist Indore, Madhya Pradesh 453551SBIN00030174530020011860 180 1290
RNT Marg, Indore

8 A, Silver Mall, Ravindra Nath Tagore Marg, Indore 452001 Madhya PradeshSBIN00601804520020260731-522733
Indore, Siyaganj

22, Jawahar Marg Siyaganj Indore M.P. 452007SBIN00604164520020270731-2364378
Sanyogitaganj, Indore
4 Shriddhanand Marg, Chhawni, Indore - 452001SBIN00300134520050080731-2706514
Palsikar Colony, Indore
22, Palsikar Colony, Indore - 452004SBIN00300144520050070731-2366329, 2366105
P.Y. Road Indore

1 Prince Yashwant Road, Indore - 452004SBIN00300154520050020731-2548687, 2548689
Industrial Estate, Indore96, Pologround, Indore - 452001
SBIN00300164520050050731-2423416, 2423406
Rajmohalla, Indore

235, Jawahar Marg, Malgank, Indore - 452002SBIN00300174520050230731-2451511
Rajwada Chowk, Indore

Shiv Vilas Palace, Rajwada Chowk Indore - 452004SBIN00300184520050240731-2544746
Mill Area, Indore

121, Devi Ahilya Marg, Near Agniban Press, Indore - 452003SBIN00300194520050160731-2533751, 2539287
Cloth Market, Indore

73, Sitlamata Bazar, Cloth Market, Indore - 452002SBIN00300204520050040731-2454687, 2454582
Siyaganj, Indore

9. Maharani Road, Siyaganj Indore - 452007SBIN00300214520050090731-2540822, 2544186
M.G. Road, Indore

Kothari Market, M G Road, Indore - 452007SBIN00301074520050140731-2544786
Navlakha, Indore

Anaj Mandi, Navlakha, Indore - 452001SBIN00301094520050060731-2461760, 2461737
Laxmibai Nagar SSI Fin, Indore

48 - A, Kila Maidan, Indore - 452006SBIN00301264520050130731-2410891, 2411497
University Campus, Indore

RNT Marg, Univ. Campus, Indore - 452001SBIN00301274520050100731-2523812
IFB, Indore

Abhay Khel Prashal, Race Cource Road, Indore - 452003SBIN00303404520050030731-2542732, 2540655
Nemi Nagar (Jain Colony), Indore

4 Indralok Colony, Babu Labhchand Chhajlani Marg, Indore - 452009SBIN00303444520050180731-2363736
Shri Vaishnav Poly College, Indore

Friends House, Bangali Chouraha, Ring Road, Kanadia Road, Indore - 452009SBIN00303604520050260731-2384018

Personal Loan Interest Rates March 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 March 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%