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State Bank of India is the largest public sector bank in India. It was established 200 years ago and gradually became one of the leading lenders in the country. It offers many financial services to the people in India and abroad like consumer, investment and corporate banking, finance, insurance, credit cards, savings, securities, private equity, private banking, etc. Previously, the stake of SBI was held by the Reserve Bank of India but in the year 2008, the Government took charge of the stake from the RBI. SBI is also one of the leading providers of loan schemes in the country. One such loan type is SBI used car loan where individuals can easily acquire loan amount for the purpose of purchasing second-hand cars that is not used over 5 years.