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SBI Car Loan Interest Rate 2024, SBI Vehicle Loan, Bike Loan Latest Updated Current Rate


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When it comes to financing your dream car, the State Bank of India (SBI) is a top choice for many Indians. With attractive interest rates, flexible repayment options, and customer-friendly policies, SBI makes car ownership easier and more affordable. Let’s have a look at the SBI car loan latest interest rate

SBI Auto Loans Interest Rates

(Fixed Rate-Interest Rate applied at the time of disbursement will remain same for the entire loan period)

Scheme(1-year MCLR: 8.95%)
i) SBI Car Loan,
ii) NRI Car Loan,
iii) Assured Car Loan Scheme
From 9.15% to  10.10%
Loyalty Car Loan SchemeSBI Car Loan, NRI Car LoanFrom 9.10% to 10.05% (CIC Based rates are applicable)
SBI Green Car Loan (For Electric Cars)From 9.05% to 9.75%
Certified Pre-owned Car Loan SchemeFrom 11.70% to 15.20% (CIC Based rates are applicable).
SBI Two-Wheeler Loan13.30% to 14.80% (0.50% Concession available for EV)

SBI Car Loan Interest Rate based on CIC scores 

CIC ScoreTerm of Loan
3-5 YearsAbove 5 Years
800 & above0.20% + 1 Year MCLR9.15%0.30% + 1 Year MCLR9.25%
775 – 7990.35% + 1 Year MCLR9.30%0.45% + 1 Year MCLR9.40%
757-7740.45% + 1 Year MCLR9.40%0.55% + 1 Year MCLR9.50%
721-7560.70% + 1 Year MCLR9.65%0.80% + 1 Year MCLR9.75%
700-7200.95% + 1 Year MCLR9.90%1.05% + 1 Year MCLR10.00%
650-6991.05% + 1 Year MCLR10.00%1.15% + 1 Year MCLR10.10%
-1 (NTC)9.40% to 9.75%

SBI Bike Loan Interest Rate

S.No.CIBIL ScoreSalary Package customers / Defence salary package customers including CAPF, ICG etc / Pensioners maintaining pension account with us (W.e.f. 15th October 2024)Other Salaried and Pensioners, Self Employed, Businessman & Agriculturalists (W.e.f. 15th October 2024)
1>7563.85% + 1 Year MCLR12.80%4.35% + 1 Year MCLR13.30%
2721-7564.35% + 1 Year MCLR13.30%4.85% + 1 Year MCLR13.80%
3700-7204.85% + 1 Year MCLR13.80%Minimum CIC score required: 731
4.New to Credit4.85% + 1 Year MCLR & 5.35% + 1 Year MCLR13.80% to 14.30%New to credit Businessmen & Agriculturist customers are not eligible.

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