SBI Car Loan EMI Calculator
Preset to SBI's current car loan emi rate of 9.05%. Change any value to see your own numbers.
- Current rate 9.05%
- Range 8.95–9.40%
- Rank #3 of 7 banks
- Verified 16 July 2026
SBI Car Loan EMI Calculator
- Principal₹8,00,000
- Total interest₹2,82,892
- Total payment₹10,82,892
Where your money goes
- Principal ₹8,00,000
- Interest ₹2,82,892
SBI car loan interest rates 2026
| Tenure / slab | Rate |
|---|---|
| New car (CIBIL 800+) | 9.05% |
| New car (CIBIL 750–799) | 9.20% |
| New car (CIBIL 700–749) | 9.40% |
| Green Car Loan (electric vehicle) | 8.95% |
This Car Loan calculator is preset to State Bank of India's current 9.05% rate (as of 16 July 2026), so the EMI you see the moment the page loads reflects a real SBI loan — change the amount or tenure to match yours.
SBI's car loan rates run from 8.95% to 9.40% depending on your profile and loan size. Below is SBI's full rate table, the fees and rules that actually apply, and how SBI compares with the 7 banks we track — the one thing no bank's own page will show you.
SBI car loan — key facts
- Finances up to 90% of the on-road price of the vehicle.
- Processing fee is 0.40% of the loan amount, subject to a minimum of ₹1,000 and a maximum of ₹7,500 (plus GST).
- No prepayment or foreclosure charges are levied on car loans.
- Maximum repayment tenure is up to 7 years (84 months).
How SBI compares
SBI's car loan rate is below the category median — competitive, but BoB is cheaper at 8.85%.
SBI car loan FAQs
What is SBI's car loan interest rate in 2026?
State Bank of India offers car loan rates from 8.95% to 9.4% (indicative headline 9.05%). The exact rate depends on your credit score, income and loan amount.
What are the fees on a SBI car loan?
The processing fee is 0.40% of loan amount (min ₹1,000, max ₹7,500) + GST. Finances up to 90% of the on-road price of the vehicle.
Can I prepay or foreclose my SBI car loan early?
No prepayment or foreclosure charges are levied on car loans.
How is the EMI on a SBI car loan calculated?
The EMI uses the reducing-balance method — interest is charged only on the outstanding balance, so the interest share of each instalment falls over time. At 9.05% the calculator above shows your monthly EMI; change the amount and tenure to match your loan.