SBI Car Loan 2025 – Best Options for Domestic & NRI Borrowers
The State Bank of India (SBI) offers car loans in 2025 designed for both domestic applicants in India and NRI/Expat borrowers living abroad. With competitive interest rates starting from 8.40% p.a., flexible repayment options, and fast online application processes, SBI remains one of the most trusted car finance providers globally. Whether you’re in India, the US, the UK, the UAE, or any part of the world, SBI has tailored car loan products for you.
Why Choose SBI Car Loan in 2025?
- ✔ Attractive interest rates starting from 8.40% p.a.
- ✔ Loan tenure from 1 year up to 7 years.
- ✔ Financing available for both new and used cars.
- ✔ NRI-friendly loan products with global eligibility.
- ✔ Zero prepayment penalty on floating rate schemes.
- ✔ Special concessions for women borrowers and electric vehicles.
Top 10 SBI Car Loan Schemes 2025
1. SBI New Car Loan
Affordable financing for brand-new cars with instant approval.
2. SBI Used Car Loan
Finance for pre-owned vehicles with attractive EMI options.
3. SBI NRI Car Loan
Special scheme for Non-Resident Indians purchasing in India.
4. SBI Expat Car Loan
Expats living in India can avail easy car loan approval.
5. SBI Electric Car Loan
Low-interest loan for electric and hybrid cars worldwide.
6. SBI Zero Down Payment Loan
Drive your dream car without initial payment burden.
7. SBI Student Car Loan
International students with guardians can apply for car finance.
8. SBI Luxury Car Loan
High-value loan for premium and luxury vehicles.
9. SBI Instant Car Loan
Quick digital approval for salaried and self-employed individuals.
10. SBI Global Buyer Loan
Car finance support for cross-border buyers and NRIs.
Eligibility Criteria for SBI Car Loan 2025
- Applicant age: 21–65 years.
- Salaried individuals with a minimum income of ₹25,000/month.
- Self-employed applicants with stable business income.
- NRIs/Expats with valid Indian passport and overseas income proof.
- Credit score: 650+ for faster approvals.
Documents Required
- ✔ Identity proof – Passport, Aadhaar, or PAN card.
- ✔ Address proof – Utility bills, rental agreement, or overseas residence proof.
- ✔ Salary slips and bank statements (last 6 months).
- ✔ For NRIs: Valid visa, work permit, and overseas salary proof.
- ✔ Quotation or invoice of the car from authorized dealer.
Benefits of SBI Car Loan 2025
SBI offers digital-first car loan processing, ensuring that applicants can apply from anywhere in the world. With global customer support, multi-currency EMI repayment options, and exclusive schemes for women and EV buyers, SBI car loans remain the most sought-after choice for both Indians and NRIs in 2025.
Pro Tips to Increase Loan Approval Chances
- Maintain a strong CIBIL or international credit score.
- Submit accurate documents to avoid processing delays.
- Choose a shorter tenure for faster approval and lower interest burden.
- Use the SBI Car Loan EMI Calculator before applying.
- Apply online to get instant loan status updates.
FAQs – SBI Car Loan 2025
Q1. Can NRIs apply for SBI car loan online?
Yes, NRIs can apply online with overseas income proof and valid passport.
Q2. What is the minimum loan amount?
SBI car loans start from ₹1 lakh for domestic applicants.
Q3. Is zero down payment option available?
Yes, selected schemes allow 100% finance for eligible borrowers.
Q4. Can students apply for SBI car loans?
Yes, students with guardians as co-applicants can apply.
Q5. What is the maximum tenure?
Up to 7 years depending on applicant profile and car type.