SBI Car Loan Calculator — Current Interest Rate
SBI car loan rates start at 8.65% for new cars (CIBIL 750+). On ₹8 lakh for 5 years at 8.65%: EMI ₹16,423, total interest ₹1.85 lakh. SBI offers up to 7-year tenure for new cars.
Monthly EMI
₹16,607
Total Interest
₹1,96,401
Total Payment
₹9,96,401
Car loan rates typically range 8.5%–12% p.a. depending on lender, credit score, and car type. Down payment (10–20%) reduces loan amount and total interest significantly.
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Calculated with CalcHub