Rates are indicative and change frequently. Always confirm the current rate on the official SBI website before applying.
| Lender | Interest Rate | Processing Fee |
|---|---|---|
| HDFC Bank | 8.15% - 12.5% | 0.5% |
| ICICI Bank | 8.35% - 12% | 0.5% |
| Axis Bank | 8.4% - 12.5% | 1% |
| Kotak Mahindra Bank | 8.55% - 12% | 0.75% |
| Tata Capital | 9.49% - 13% | 0.5% |
What is the SBI car loan interest rate?
The SBI car loan rate is indicatively 8.8% - 10% p.a. as of 2026-08-17. The exact rate depends on your loan amount, tenure and CIBIL score.
What is the processing fee for a SBI car loan?
The processing fee is indicatively 0.4% of the loan amount, subject to change. No prepayment charge for individual borrowers on floating rates. Verify the current figure on the official site before applying.
How can I apply for a SBI car loan?
Apply through the official SBI website or a branch. Compare EMIs across lenders using the calculator on this page before you apply.
Interest rates shown are indicative and change frequently. Verify current rates and terms with the lender before applying. This page is for information only and is not financial advice.