CAR LOANS
SBI EZEE CAR LOAN SCHEME
SL. No PARAMETER SCHEME DETAILS
1 Applicable to All New Car Loans to Public
2 Scheme Period From July 1, 2009 to September 30, 2009
Period Term Loan Overdraft
First year 8% Fixed 8.5% fixed
For 2nd & 3rd
10% fixed 10.5% fixed
year
3 Interest Rate After 3rd year : The interest rate will be reset
to applicable card rate contracted on the date of
sanction.
No other interest concession will be given under
any tie-up arrangement or otherwise below the
offer rate.
Interest Rate will be reset on the anniversary
date of the loan to the applicable card rate
contracted as on the date of sanction under the
4 Reset Period
respective new car loan schemes i.e. Spreads
below/above SBAR as applicable on the date of
Sanction as per the agreement.
5 Processing fee Fully waived up to 30th September 2009
New Car including NRI Car Loan
Tenure Rate of Interest
Up to 3 years (for loans Rs. 7.5 lac & 0.75% below SBAR i.e. 11.00% p.a.
above)
Up to 3 years (for loans below Rs. 7.5 lac) 0.50% below SBAR i.e. 11.25% p.a.
Above 3 yrs up to 5 yrs (for all loans) 0.50% below SBAR i.e. 11.25% p.a.
Car Loan Overdraft: New Car only
Tenure Rate of Interest
Up to 3 years (for loans Rs. 7.5 lac & 0.25% below SBAR i.e. 11.50% p.a.
above)
Up to 3 years (for loans below Rs. 7.5 lac) At SBAR i.e. 11.75% p.a.
Above 3 yrs up to 5 yrs (for all loans) At SBAR i.e. 11.75% p.a.
Above 5 yrs up to 7 yrs (for all loans) 0.25% above SBAR i.e. 12.00% p.a.
Used Vehicles
Tenure Rate of Interest
Up to 3 years 3.00% above SBAR i.e. 14.75% p.a.
Above 3 yrs up to 7 yrs 3.25% above SBAR i.e. 15.00% p.a.
NOTE: ALL INTEREST RATES ARE SUBJECT TO CHANGE, WITHOUT NOTICE.