SBI Car Loan Mumbai Eligibility and Interest Rate - Wishfin

SBI Car Loan in Mumbai

About State Bank of India Car Loan in Mumbai

Serving the country’s population for more than 200 years, the State Bank of India has pioneered the Indian Banking and Financial market. It is the largest bank in the country having a noteworthy presence in and outside the domestic boundaries. The bank has 14 regional hubs and 57 zonal offices in the important cities. The Indian head office of the bank is located at Madam Cama Road in Mumbai. Through its network of branches in Mumbai city the bank has helped many people overcome their financial grievances.

SBI Car Loan in Mumbai 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 Mumbai

Address of SBI Branches in Mumbai

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

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
J P Road, Andheri (W)

Dadabhai Cross Road No 1. J P Road, Near Sony Mony, Andheri West, Dist Greater Mumbai 400058SBIN00129592500020339930067481

Bhaktakavi Shivajibhai Devshi Road, Govandi Mumbai, Dist Mumbai 400088SBIN00130553020020459833446597
Samata Nagar Thane

Shop No 8, 9, 10 Vihang Garden, Samata Nagar Thane, Thane, Dist Mumbai 400610SBIN00130353900020769422572913
Thakur Village, Kandivali (E)

Gokul Residency, Shop No 26 To 31, Thakur Village, Kandivali E, Mumbai, 400101SBIN00130363900021379869417683
MICR, Mumbai

Madhuli, 1st Floor, H By 2, Shivsagar Estate, Dr.Anne Besant Road, Pin - 400018SBIN0004195400002000022-24973909
Andheri East

M V Road Andheri E Mumbai MaharashtraSBIN0000539400002002022-26839154
Andheri West

Rahul Apartments, Opp. Shoppers Stop, Swami Vivekanand Rd, Mumbai, , Pin - 400058SBIN0004650400002003022-26230282IP

Bhaichand Textile Mills, Lbs Marg, Bhandup, Distt. Brihan Mumbai, Maharashtra 400078
Bhulabahai Desai Road

P.B. No.16518 Brihan Mumbai MaharashtraSBIN0005340400002008022-23517980, 23525605
Mumbai Central, Mumbai

Maharashtra Vahatuk Bhavanbelasis Road, P.B. No. 4515, Mumbai Mumbai Central, Maharashtra 400008SBIN0000547400002009022-23061765
Borivali East

Datta Pada Manodaya Bldg, Borivli East , Mumbai, Maharashtra, Pin 400066SBIN0004666400002011022-28700783
Borivili West

Anjana Apratment No 2s V Road Boriwali West Mumbai, Maharashtra 400092SBIN0000551400002012022-28990168

Sir Jacob Sasson High School, 340, J J Marg, Byculla, Mumbai Pin 400008SBIN0000343400002013022-23098685

Sunbeam, 18th Road, Chembur, Mumbai, State Maharashtra, Pin 400071SBIN0000533400002016022-25288066 022-25283928

The International Maharshi Karve Road Distt Brihan Mumbai Maharashtra 400020SBIN0001821400002018022-22018419/ 22015439
Cuffe Parade

6, Arcade, World Trade Centre, Cuffe Parade, Mumbai, MaharashtraSBIN0005345400002020022-22185947
Dadar Millenium

Sharifa, Swami Dyanjivan, Das Peth, Near Dadar Post, Distt. Greater Bombay 400014SBIN0000353400002021022-24150652

P.O. Bag No.8205, Dev Ashish Shopping And Service I E, 1st Flr, , Sir Bharucha Road, Mumbai, Pin - 400068SBIN0004664400002022022-28933749

Sion Trombay Road Near Deonar Bus Depot Distt Brihan Mumbai Maharashtra 400088SBIN0003109400002023022-25579231, 25510210
Dharavi, Mumbai

Diamond Apartments, Jasmine Mill Road, Mumbai, Maharashtra , Pin - 400017SBIN0003671400002024022-24044859
Fort Market, Mumbai

Bhagwan Bhawan, 71 - 73, Mint Road, Fort, Mumbai, Maharashtra , Pin - 400001SBIN0005347400002025022-22692443
Ghatkopar East

Mahatma Gandhi Road, Distt. Greater Bombay, Maharashtra 400077SBIN0000516400002026022-25159502/25124991
Ghatkoper West

Ashok Silk Mills Compound D L B S Marg Ghatkopar West Mumbai 400086SBIN0001131400002027022-25003572, 25006223
Girgaon Branch

H N Hospital Building, Svp Road Girgaon Mumbai Maharashtra 400004SBIN0000374400002028022-23824505
Goregaon East

12, Jai Prakash Narayan Rd, No.2, Goregaon East, MumbaiSBIN0001975400002029022-26860149
Goregaon West, Mumbai

Mumbai 9, Jawahar Nagar S V Road Goregaon W Mumbai, Maharashtra 400062SBIN0001266400002030022-28723820, 28786875
August Kranti Maidan

Jamshed Hall, 49 Forjet Street, Mumbai, 400036SBIN0001885400002032022-23886214
Hughes Road, Mumbai

Aderbad, 34, Hughes Road, Mumbai , Maharashtra, Pin - 400007SBIN0005800400002033022-23679473 23636561
International Air Cargo Complex Branch, Mumbai
New Satellite Bldg Distt Brihan Mumbai Maharashtra 400099SBIN0005937400002035022-26828274
Jacob Circle, Mumbai

Simplex Mills Compd, Keshavrao Khade Marg, Sant Gadge Maharaj Chowk, P. Bag No. 6258, Mumbai
Jogeshwari (East)

Dastur Bldg. Caves Road, Jogeshwari East, Brihan Mumbai, Maharashtra, Pin 400060SBIN000186140000203701861-8382276
Jogeswari West

Ghaswala East Swami Vivekananda Road, Mumbai, Maharashtra, Pin - 400060SBIN0004626400002038022-26781982
Juhu Tara

Sri Lalita Building, Near Bombay Flying Club, Juhu Tara Road, Mumbai, Maharashtra 400049SBIN0001685400002039022-26602757
JVPD Scheme, Mumbai

Yogi Smruti, Plot No.9, 10th Road, Juhu Vile Parle , Development Scheme, Mumbai, Pin - 400056SBIN0005349400002040022-26239171
Kandivali Industrial Estate, Mumbai

Plot No 11 B Govt Industrial Estate, Kandivali Mumbai, Maharashtra 400067SBIN0000566400002042022-28682570
Kandivali West

Shantilal Modi Road Mumbai Kandivali West Mumbai, Maharashtra 40006SBIN0001185400002043022-28071472
Kanjurmarg, Mumbai

Akash Deep, Kajur Village Road, Mumbai, Mumbai Pincode - 400042SBIN0006249400002044 022-25795498
Khar West

Ghodbunder Road, Plot No 81 SV Road Near Khar West, Mumbai, Pin - 400052SBIN0004613400002045022-26483248

Airawat, 75, Dr. Ambedkar Rd., P.B. No.7818, Lalbaug, Mumbai - 400033, Maharashtra, Pin 400033SBIN0001850400002046022-23726294
Linking Road Bandra, Mumbai

Patwarthan House Near National College Linking Road, Bandra West Mumbai, Maharashtra 400050SBIN0000548400002047022- 26465660
Lower Parel, Mumbai

Madhusudan Mills Compound, Pandurang Budhkar Marg, Mumbai, Maharashtra, Pin - 400013SBIN0003428400002048022-24934338
Malad East

P.B. No. 17604, Filka Building, Junction Of Dafftaryand Poddar Rd., MumbaiSBIN0003110400002051022-28834000
Malad West, Mumbai

Near Chincholi Phataks V Road Malad West Mumbai, Maharashtra 400064SBIN0000552400002052022-28827870

75 Abdul Rehman Street Distt Brihan Mumbai 400003SBIN0000423400002053022-23400638
Marol, Andheri East

Hotel Silver Arde, Marol Maroshi Rd, Mumbai, MaharashtraSBIN0001594400002054022-28526567
Masjid Bunder, Mumbai

PB No. 5211, Rajgor Chambers, Pt No. 99, Stn. Low Level Road, Mumbai, 400009SBIN0001863400002055022-23759542



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%