SBI's New Car Loan Scheme: Check Interest Rates, Charges, Maximum Amount Offered

State Bank Of India (SBI) offers new car loan scheme with low interest rates, zero foreclosure charges, minimal paperwork and quick disbursements, mentioned country's largest lender on its official twitter handle. Under SBI's new car loan scheme, the bank offers up to 90 per cent loan on the on-road price, longest repayment tenure, lowest EMI (Equated Monthly Instalment) and no pre-payment penalty, SBI further added. On-road price is the price the customer actually pays for the car and includes registration, insurance and extended warranty or total service package or annual maintenance contract or cost of accessories, according to SBI's portal.