State Bank of Bikaner and Jaipur fulfills the dream of having a car for several individuals with its exclusive car loan schemes. The State Bank of Bikaner and Jaipur offers car loan for both new as well as old cars at attractive rate of interests and easy re payment policies. State Bank of Bikaner and Jaipur is known in the market for offering transparent banking services, and this is one of the reasons for the popularity of the Car loans provided by the State Bank of Bikaner and Jaipur.
If there is one aspect of State Bank of Bikaner and Jaipur car loan that makes it one of the best car loans in India, it is the fact that it offers the longest tenure i.e. 84 months (7 years). The SBBJ bank offers car loan for pre used cars which are not older than 5 years. The bank even reimburses cost of car purchased within last 2 years. The State Bank of Bikaner and Jaipur levies car loan interest upon monthly reducing balance, and even finances for registration fee one-time road tax, and insurance premium.
Features of the State Bank of Bikaner and Jaipur Car Loan
- The loan amount can be up to 30 times of the net monthly income or 2.5 times of the net annual income of the applicant
- There is no maximum ceiling on the loan amount for buying new cars
- The maximum amount of loan used car approved by the State Bank of Bikaner and Jaipur is Rs. 15 lakh
- There is an applicable margin or up to 15% of the on road cost
- Tenure for a car loan can range from 36 to 84 months
- The repayment of the loan is to be completed by the time the applicant reaches 70 years of age
- As collateral the applicant needs to hypothecate the vehicle purchased to the bank