SBI Car loan Eligibility EMI Calculation and down payment
SBI Car loan: SBI offers among other services, loans for the purchase of homes at very competitive rates. Once you get the Decide which bank to go in for then you can check their terms and conditions. Each bank has got their own needs and once you can find out the right terms things will be much easier. there are lots of people who want to have a new car and at any cost they want it. Some people are also not able to afford it. SBI gives the car loans at a very good price and people can get it in quick time. Also, the documents which are required are not too many and that is the best part about it.
These types of loans are actually taken by the people for car related needs and payment of the stamp duties. These SBI Car loan comprise fixed or adjustable rates of interest and payment terms.
sbi car loan EMI calculator sbi home loan calculator
SBI Car Loan Eligibility:
- sbi demands the applicant to fall within the age range of 21 to 65 years.
- Salaried professionals, State, and Central Government employees, employees in the Public and Private sectors are also qualified.
- Reputable farmers and those of allied activities.
- The applicant’s eligibility for a home loan in SBI is cut low with the existence of running EMIs with other banks.
- Cars of at most three months old are allowed to be purchased through this scheme.
SBI Car EMI Calculation & Down Payment:
- A requirement of an income of at least required Rs.3, 000,000on annual basis.
- The maximum amount of loan that an applicant should access is 48 times of the net income of the applicant on the monthly basis.
- A minimum down payment of 15% of the vehicle on-the-road is required.
SBI gives a repayment range of one year to seven years as the longest.
sbi personal loan click on here https://www.sbi.co.in/portal/web/personal-banking/personal-loans
SBI Car Loan Interest Rate
The monthly interest rate offered by SBI for women is 9.80%and 9.85% for men.
Today, just like anywhere else in the world, banks in India are doing much more than deposits and withdrawals of money. New products and services such as wealth management, asset finance, stock broking, insurance amongst others have been adopted by banks. These products and services are tailor-made to suit the needs of different institutions and clients. Hence, there is something to go with the needs of one and all. There are so many people who need money in the time of emergency and loan is one of the best ways to complete those needs.
Everyone dreams of owning a car and you can do that in quick time, with help a car loan. SO if want a car loan do not wait any longer and just go ahead and get one for yourself and have a good time, so what are you waiting for. Get your dream car today have and enjoy.
SBI Car Loan Interest IS floating rate
let me calculate flat rate:
695000*9.70=6741500/100=67415 (1-year interest)
67415*7=471905 (at flat or fixed interest rate)
960120-695000=265120 (7 years floating interest rate)
SBI Car loan, home loan: https://homeloans.sbi/
|Loan Amount :||Rs. 6,95,000||Interest Rate :||9.70%|
|Tenure :||84 months||EMI:||Rs. 11,430|
|Processing Fee :||Rs. 575|
|Month #||Month||Beginning Loan Balance||EMI||Monthly Interest||Principal repaid||Outstanding Loan Amount|
|1||Sep-2016||Rs. 6,95,000||Rs. 11,430||Rs. 5,618||Rs. 5,812||Rs. 6,89,188|
|2||Oct-2016||Rs. 6,89,188||Rs. 11,430||Rs. 5,571||Rs. 5,859||Rs. 6,83,328|
|3||Nov-2016||Rs. 6,83,328||Rs. 11,430||Rs. 5,524||Rs. 5,907||Rs. 6,77,421|
|4||Dec-2016||Rs. 6,77,421||Rs. 11,430||Rs. 5,476||Rs. 5,955||Rs. 6,71,467|
|5||Jan-2017||Rs. 6,71,467||Rs. 11,430||Rs. 5,428||Rs. 6,003||Rs. 6,65,464|
|6||Feb-2017||Rs. 6,65,464||Rs. 11,430||Rs. 5,379||Rs. 6,051||Rs. 6,59,413|
|7||Mar-2017||Rs. 6,59,413||Rs. 11,430||Rs. 5,330||Rs. 6,100||Rs. 6,53,313|
|8||Apr-2017||Rs. 6,53,313||Rs. 11,430||Rs. 5,281||Rs. 6,149||Rs. 6,47,163|
|9||May-2017||Rs. 6,47,163||Rs. 11,430||Rs. 5,231||Rs. 6,199||Rs. 6,40,964|
|10||Jun-2017||Rs. 6,40,964||Rs. 11,430||Rs. 5,181||Rs. 6,249||Rs. 6,34,715|
|11||Jul-2017||Rs. 6,34,715||Rs. 11,430||Rs. 5,131||Rs. 6,300||Rs. 6,28,415|
|12||Aug-2017||Rs. 6,28,415||Rs. 11,430||Rs. 5,080||Rs. 6,351||Rs. 6,22,064|
|Rs. 6,22,064||Rs. 11,430||Rs. 5,028||Rs. 6,402||Rs. 6,15,662|
|14||Oct-2017||Rs. 6,15,662||Rs. 11,430||Rs. 4,977||Rs. 6,454||Rs. 6,09,209|
|15||Nov-2017||Rs. 6,09,209||Rs. 11,430||Rs. 4,924||Rs. 6,506||Rs. 6,02,703|
|16||Dec-2017||Rs. 6,02,703||Rs. 11,430||Rs. 4,872||Rs. 6,559||Rs. 5,96,144|
|17||Jan-2018||Rs. 5,96,144||Rs. 11,430||Rs. 4,819||Rs. 6,612||Rs. 5,89,533|
|18||Feb-2018||Rs. 5,89,533||Rs. 11,430||Rs. 4,765||Rs. 6,665||Rs. 5,82,868|
|19||Mar-2018||Rs. 5,82,868||Rs. 11,430||Rs. 4,712||Rs. 6,719||Rs. 5,76,149|
|20||Apr-2018||Rs. 5,76,149||Rs. 11,430||Rs. 4,657||Rs. 6,773||Rs. 5,69,376|
|21||May-2018||Rs. 5,69,376||Rs. 11,430||Rs. 4,602||Rs. 6,828||Rs. 5,62,548|
|22||Jun-2018||Rs. 5,62,548||Rs. 11,430||Rs. 4,547||Rs. 6,883||Rs. 5,55,665|
|23||Jul-2018||Rs. 5,55,665||Rs. 11,430||Rs. 4,492||Rs. 6,939||Rs. 5,48,726|
|Rs. 5,48,726||Rs. 11,430||Rs. 4,436||Rs. 6,995||Rs. 5,41,731|
|25||Sep-2018||Rs. 5,41,731||Rs. 11,430||Rs. 4,379||Rs. 7,051||Rs. 5,34,680|
|26||Oct-2018||Rs. 5,34,680||Rs. 11,430||Rs. 4,322||Rs. 7,108||Rs. 5,27,571|
|27||Nov-2018||Rs. 5,27,571||Rs. 11,430||Rs. 4,265||Rs. 7,166||Rs. 5,20,405|
|28||Dec-2018||Rs. 5,20,405||Rs. 11,430||Rs. 4,207||Rs. 7,224||Rs. 5,13,182|
|29||Jan-2019||Rs. 5,13,182||Rs. 11,430||Rs. 4,148||Rs. 7,282||Rs. 5,05,899|
|30||Feb-2019||Rs. 5,05,899||Rs. 11,430||Rs. 4,089||Rs. 7,341||Rs. 4,98,558|
|31||Mar-2019||Rs. 4,98,558||Rs. 11,430||Rs. 4,030||Rs. 7,400||Rs. 4,91,158|
|32||Apr-2019||Rs. 4,91,158||Rs. 11,430||Rs. 3,970||Rs. 7,460||Rs. 4,83,698|
|33||May-2019||Rs. 4,83,698||Rs. 11,430||Rs. 3,910||Rs. 7,520||Rs. 4,76,177|
|34||Jun-2019||Rs. 4,76,177||Rs. 11,430||Rs. 3,849||Rs. 7,581||Rs. 4,68,596|
|35||Jul-2019||Rs. 4,68,596||Rs. 11,430||Rs. 3,788||Rs. 7,643||Rs. 4,60,953|
|Rs. 4,60,953||Rs. 11,430||Rs. 3,726||Rs. 7,704||Rs. 4,53,249|
|37||Sep-2019||Rs. 4,53,249||Rs. 11,430||Rs. 3,664||Rs. 7,767||Rs. 4,45,483|
|38||Oct-2019||Rs. 4,45,483||Rs. 11,430||Rs. 3,601||Rs. 7,829||Rs. 4,37,653|
|39||Nov-2019||Rs. 4,37,653||Rs. 11,430||Rs. 3,538||Rs. 7,893||Rs. 4,29,760|
|Rs. 4,29,760||Rs. 11,430||Rs. 3,474||Rs. 7,956||Rs. 4,21,804|
|41||Jan-2020||Rs. 4,21,804||Rs. 11,430||Rs. 3,410||Rs. 8,021||Rs. 4,13,783|
|42||Feb-2020||Rs. 4,13,783||Rs. 11,430||Rs. 3,345||Rs. 8,086||Rs. 4,05,698|
|43||Mar-2020||Rs. 4,05,698||Rs. 11,430||Rs. 3,279||Rs. 8,151||Rs. 3,97,547|
|44||Apr-2020||Rs. 3,97,547||Rs. 11,430||Rs. 3,214||Rs. 8,217||Rs. 3,89,330|
|45||May-2020||Rs. 3,89,330||Rs. 11,430||Rs. 3,147||Rs. 8,283||Rs. 3,81,046|
|46||Jun-2020||Rs. 3,81,046||Rs. 11,430||Rs. 3,080||Rs. 8,350||Rs. 3,72,696|
|47||Jul-2020||Rs. 3,72,696||Rs. 11,430||Rs. 3,013||Rs. 8,418||Rs. 3,64,278|
|48||Aug-2020||Rs. 3,64,278||Rs. 11,430||Rs. 2,945||Rs. 8,486||Rs. 3,55,793|
|49||Sep-2020||Rs. 3,55,793||Rs. 11,430||Rs. 2,876||Rs. 8,554||Rs. 3,47,238|
|50||Oct-2020||Rs. 3,47,238||Rs. 11,430||Rs. 2,807||Rs. 8,624||Rs. 3,38,615|
|51||Nov-2020||Rs. 3,38,615||Rs. 11,430||Rs. 2,737||Rs. 8,693||Rs. 3,29,921|
|52||Dec-2020||Rs. 3,29,921||Rs. 11,430||Rs. 2,667||Rs. 8,764||Rs. 3,21,158|
|53||Jan-2021||Rs. 3,21,158||Rs. 11,430||Rs. 2,596||Rs. 8,834||Rs. 3,12,324|
|54||Feb-2021||Rs. 3,12,324||Rs. 11,430||Rs. 2,525||Rs. 8,906||Rs. 3,03,418|
|55||Mar-2021||Rs. 3,03,418||Rs. 11,430||Rs. 2,453||Rs. 8,978||Rs. 2,94,440|
|56||Apr-2021||Rs. 2,94,440||Rs. 11,430||Rs. 2,380||Rs. 9,050||Rs. 2,85,390|
|Rs. 2,85,390||Rs. 11,430||Rs. 2,307||Rs. 9,123||Rs. 2,76,266|
|58||Jun-2021||Rs. 2,76,266||Rs. 11,430||Rs. 2,233||Rs. 9,197||Rs. 2,67,069|
|59||Jul-2021||Rs. 2,67,069||Rs. 11,430||Rs. 2,159||Rs. 9,272||Rs. 2,57,797|
|60||Aug-2021||Rs. 2,57,797||Rs. 11,430||Rs. 2,084||Rs. 9,347||Rs. 2,48,451|
|61||Sep-2021||Rs. 2,48,451||Rs. 11,430||Rs. 2,008||Rs. 9,422||Rs. 2,39,029|
|62||Oct-2021||Rs. 2,39,029||Rs. 11,430||Rs. 1,932||Rs. 9,498||Rs. 2,29,531|
|63||Nov-2021||Rs. 2,29,531||Rs. 11,430||Rs. 1,855||Rs. 9,575||Rs. 2,19,956|
|64||Dec-2021||Rs. 2,19,956||Rs. 11,430||Rs. 1,778||Rs. 9,652||Rs. 2,10,303|
|65||Jan-2022||Rs. 2,10,303||Rs. 11,430||Rs. 1,700||Rs. 9,730||Rs. 2,00,573|
|66||Feb-2022||Rs. 2,00,573||Rs. 11,430||Rs. 1,621||Rs. 9,809||Rs. 1,90,764|
|67||Mar-2022||Rs. 1,90,764||Rs. 11,430||Rs. 1,542||Rs. 9,888||Rs. 1,80,875|
|68||Apr-2022||Rs. 1,80,875||Rs. 11,430||Rs. 1,462||Rs. 9,968||Rs. 1,70,907|
|69||May-2022||Rs. 1,70,907||Rs. 11,430||Rs. 1,381||Rs. 10,049||Rs. 1,60,858|
|70||Jun-2022||Rs. 1,60,858||Rs. 11,430||Rs. 1,300||Rs. 10,130||Rs. 1,50,728|
|71||Jul-2022||Rs. 1,50,728||Rs. 11,430||Rs. 1,218||Rs. 10,212||Rs. 1,40,516|
|72||Aug-2022||Rs. 1,40,516||Rs. 11,430||Rs. 1,136||Rs. 10,295||Rs. 1,30,222|
|73||Sep-2022||Rs. 1,30,222||Rs. 11,430||Rs. 1,053||Rs. 10,378||Rs. 1,19,844|
|Rs. 1,19,844||Rs. 11,430||Rs. 969||Rs. 10,462||Rs. 1,09,382|
|Rs. 1,09,382||Rs. 11,430||Rs. 884||Rs. 10,546||Rs. 98,836|
|Rs. 98,836||Rs. 11,430||Rs. 799||Rs. 10,631||Rs. 88,204|
|77||Jan-2023||Rs. 88,204||Rs. 11,430||Rs. 713||Rs. 10,717||Rs. 77,487|
|78||Feb-2023||Rs. 77,487||Rs. 11,430||Rs. 626||Rs. 10,804||Rs. 66,683|
|79||Mar-2023||Rs. 66,683||Rs. 11,430||Rs. 539||Rs. 10,891||Rs. 55,792|
|80||Apr-2023||Rs. 55,792||Rs. 11,430||Rs. 451||Rs. 10,979||Rs. 44,812|
|81||May-2023||Rs. 44,812||Rs. 11,430||Rs. 362||Rs. 11,068||Rs. 33,744|
|82||Jun-2023||Rs. 33,744||Rs. 11,430||Rs. 273||Rs. 11,158||Rs. 22,587|
|83||Jul-2023||Rs. 22,587||Rs. 11,430||Rs. 183||Rs. 11,248||Rs. 11,339|
|84||Aug-2023||Rs. 11,339||Rs. 11,430||Rs. 92||Rs. 11,339||Rs. 0|