INTEREST RATE | MCLR + 9.25 % i.e. 17.25% |
LOAN TENURE | Max. 36 Months |
PROCESSING FEE | As decided by the bank from time to time |
GUARANTOR REQUIRED | Contact Bank Branch |
PRE CLOSURE CHARGES | As decided by the bank from time to time |
State Bank Of India is a public sector bank in india with total assets 43195 crore. It has headquarter in Mumbai. State Bank Of India was founded on 01-07-1955. It has 16333 branches and total assets 4319554560 ATMs across India.
It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about State Bank Of India which includes State Bank Of India Official Website, State Bank Of India ATMs accross the India, State Bank Of India Branches accross the India, State Bank Of India Contact Numbers, State Bank Of India official EmailID, State Bank Of India Headquarter and State Bank Of India Headquarter Address. Find State Bank Of India two wheeler loan purpos, Eligibility, Margin, Repayment of Two-Wheeler Loan ,Security, Documents Required for Two Wheeler Loan from below.
For purchase of new/ used Two-Wheelers i.e. Scooters, Motor Cycles, Moped(s), Scooterrete(s), Scooties, Battery-Operated Scooters, etc. of any make and model. Generally, middle class of society like salaried class, small businessmen, farmers, self-employed, etc. who want to purchase new | used two wheeler are the borrowers of such loans.
5% to 30% of On-road price which includes invoice value, cost of one time road tax, first time comprehensive insurance premium for one year. It varies from bank to bank and also depends on whether the tow-wheeler purchased is new or old one.
Maximum 60 EMIs are allowed for New Car Loan and repayment through maximum of 36 EMIs is allowed in case of Used Two-Wheeler Loan. Repayment period for used car also depends upon how old the car is.