State Bank of India

State Bank of India Used Car Loan

Interest from

10.25%

p.a. reducing

Loan amount

₹1 L – ₹50 L

secured

12–84 moTenure

—Processing fee

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Calculate your EMI

Move the sliders to see monthly EMI, total interest, and total cost of this loan.

Loan amount₹6,00,000

Tenure5 years

Interest rate10.25%

Your actual rate depends on your credit profile, income, and employer category.

Monthly EMI

₹12,822

Total interest

₹1,69,329

Total payment

₹7,69,329

Total cost of this loan

✨ interest + processing fee

₹1,69,329

Interest Rate10.25% – 11.50%Floating

Max Amount₹50 Lfrom ₹1 L

Tenure1 yr – 7 yrs

Total cost of this loan

For a ₹6 L loan over 3 yrs at 10.25% — your best-case scenario.

Monthly EMI: ₹19,431
Total interest: ₹99,509
Total cost: ₹99,509

You repay ₹6,99,509 for ₹6,00,000 borrowed.

Customize amount, tenure & rate in the EMI calculator above ↑

Rate and prepayment

This is a floating-rate loan. No prepayment penalty — you can foreclose or pre-pay any amount at any time, free of charge (RBI mandate for floating-rate individual loans).

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About State Bank of India

Type: Bank
Established: 1955
Headquarters: Mumbai
Rating:4.0/5

India’s largest public-sector bank. EBLR 7.90% (repo 5.25 + 2.65 spread) effective 01-Apr-2026; home loans from 7.50%, Xpress Credit personal from 11.45%, auto from 8.70%.

Visit State Bank of India website