SBI Car Loan for Women – Discounted Interest Offers

Exclusive benefits, lower interest rates, and easy EMIs for female customers across India.

Overview of SBI Car Loan for Women

The SBI Car Loan for Women is a special scheme designed by State Bank of India to empower women buyers with financial independence. With reduced interest rates, minimal documentation, and quick approvals, this loan makes it easier for women to own their dream car. Whether it’s a hatchback, sedan, SUV, or an electric car, SBI provides tailored financing solutions exclusively for female customers.

Top 10 Benefits of SBI Car Loan for Women

✅ Discounted Interest Rates

Enjoy 0.10%–0.25% lower rates compared to general car loans.

✅ Wide Range of Vehicles

Finance any brand new or pre-owned car of your choice.

✅ Flexible Tenure

Repayment period of 1–7 years based on your comfort.

✅ High Loan Amount

Up to 90% of on-road price financed, depending on eligibility.

✅ Special EMI Calculator

Plan EMIs before applying with SBI’s online calculator.

✅ Quick Approval

Loan approvals in less than 48 hours with complete documents.

✅ Low Processing Fees

Nominal charges make the loan affordable.

✅ Women Empowerment

Designed to encourage financial independence for women.

✅ Nationwide Accessibility

Available at SBI branches and dealerships across India.

✅ Prepayment Facility

Option to foreclose or prepay with minimal charges.

Eligibility Criteria

Applicant must be a woman aged 21–65 years.
Both salaried and self-employed women can apply.
Minimum annual income of ₹2,50,000.
Good CIBIL score preferred for faster approval.

Required Documents

Identity proof – Aadhaar, PAN, Passport
Address proof – Electricity bill, Ration card, Passport
Income proof – Salary slips, Bank statements, ITR
Quotation/Invoice of the car from dealer
Passport-size photographs

FAQs – SBI Car Loan for Women

1. How much discount on interest is given to women?

SBI usually provides 0.10% to 0.25% concession on interest rates for women applicants.

2. Can housewives apply?

Yes, if supported by a co-borrower such as husband/guardian with regular income.

3. Is pre-owned car covered?

Yes, SBI also finances second-hand cars under this scheme.

4. What is the maximum tenure?

Up to 7 years depending on repayment capacity.

5. Can I apply online?

Yes, SBI provides online application and instant eligibility checks for women.

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Disclaimer: This page provides information only. SBI Car Loan for Women scheme details, eligibility, and interest rates may change as per bank policies. Always check with SBI’s official website or branch before applying. No financial advice or guarantee is provided here.