New Delhi. If you are planning to buy a car, but you are putting off this plan due to non-availability of car loan at low rates, then this news is for you. Actually, in this festive season, the country’s largest bank ‘State Bank of India’ is giving car loans at affordable rates. SBI says that if customers apply for this online on the YONO app, then they will get this loan at a lower interest.
You will get more benefits on taking loan from YONO app
Giving information in this regard, SBI said that an interest of up to 7.75% will be payable on the car loan. Apart from this, if the customer applies online through the YONO app, then he will get this loan up to 7.50%. Along with this, the customer can choose from 3 to 7 years to repay this car loan as per his convenience. It was told that customers can apply for regular car loans and certified pre-owned car loans.
No processing charge
Let us tell you that a large number of people buy cars during Diwali. In such a situation, SBI is giving loans to customers on the on-road price of cars. It was told that the maximum amount of a car loan can be up to 90% of the on-road price. The special thing is that you will not have to pay any kind of processing fee for this loan. Generally, the bank charges a hefty processing charge for any loan.
Best offers on these cars
SBI says that if the customer applies for this car loan from the YONO app, then special offers will also be available with low interest. For example, on buying cars like Audi Q2, A4 and A6, customers will get an additional benefit of up to 50 thousand rupees. You will get a benefit of Rs 3,000 on Mahindra SUV and free accessories up to Rs 5,000 for Toyota.
The bank says that with this car loan, customers will get up to Rs 4,000 on the purchase of Datsun RediGo and up to Rs 5,000 extra cash discount on Tata Motors cars.
Great offers on Hyundai and Kia Motors too
Apart from this, you will get great offers on buying many other cars in SBI Car Loan. It was told that if someone buys a car from Hyundai or Kia Motors, then he will get priority delivery. In Hyundai, this offer is only for select models, while the Kia car is being claimed for delivery within 8 weeks.