State Bank of India Loan interest rates · November 2026
- Every rate from the bank's own page, with a link to it
- No referral fees, no ads, no “apply now”
- Checked 15 Nov 2026
What will my car loan cost at SBI?
The lowest rate in each band goes to the bank's best-placed borrowers. Before charges and insurance; a floating rate moves with the bank's benchmark.
SBI loan interest rates
Every band the bank publishes, a year. The lowest rate in each band goes to its best-placed borrowers.
Bank's page ↗ · Checked 15 Nov 2026
| Loan and borrower | From | Up to | Linked to | Effective on | Source |
|---|---|---|---|---|---|
Car loan Certified Pre-owned Car Loan Scheme |
10.60% | 15.75% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan Loyalty Car Loan Scheme |
8.50% | 9.45% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 800 & above · 3-5 Years |
8.55% | 8.55% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 800 & above · Above 5 Years |
8.65% | 8.65% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 775-799 · 3-5 Years |
8.70% | 8.70% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 775-799 · Above 5 Years |
8.80% | 8.80% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 757-774 · 3-5 Years |
8.80% | 8.80% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 757-774 · Above 5 Years |
8.90% | 8.90% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 721-756 · 3-5 Years |
9.05% | 9.05% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 721-756 · Above 5 Years |
9.15% | 9.15% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 700-720 · 3-5 Years |
9.30% | 9.30% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 700-720 · Above 5 Years |
9.40% | 9.40% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 650-699 · 3-5 Years |
9.40% | 9.40% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · 650-699 · Above 5 Years |
9.50% | 9.50% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · Based on RSM Score – NTC (101-200) · >=71 · 3-5 Years |
8.80% | 8.80% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · Based on RSM Score – NTC (101-200) · >=71 · Above 5 Years |
8.90% | 8.90% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · Based on RSM Score – NTC (101-200) · 41-70 · 3-5 Years |
9.05% | 9.05% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan (new car, by credit score) · Based on RSM Score – NTC (101-200) · 41-70 · Above 5 Years |
9.15% | 9.15% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Car Loan, NRI Car Loan, Assured Car Loan |
8.55% | 9.50% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Car loan SBI Green Car Loan (For Electric Cars) |
8.45% | 9.50% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Two-wheeler loan SBI Two-Wheeler Loan |
11.85% | 15.85% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Two-wheeler loan Super Bike Loan Scheme |
12.70% | 14.70% | Fixed | Not stated ✓ verified 15 Nov 2026 |
|
Personal loan SBI Personal Loan |
10.00% | 15.00% | 1.25% - 6.25% | 15 Dec 2025 ✓ verified 15 Nov 2026 |
How SBI compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
Car loan · EMI on ₹8 lakh over 5 years
Two-wheeler loan · EMI on ₹1.5 lakh over 3 years
The rates SBI's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 15 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 7.85% | |
| 1 month | 7.85% | |
| 3 months | 8.40% | |
| 6 months | 8.75% | |
| 1 year | 8.85% | |
| 2 years | 8.90% | |
| 3 years | 8.95% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
Official Checked 15 Nov 2026 · Bank's page 1 · Bank's page 2
SBI loans: frequently asked questions
What is the SBI car loan interest rate?
As of 15 Nov 2026, State Bank of India publishes car loan rates of 8.45% to 15.75% a year. The rate you are offered depends on your credit score, income and the loan amount.
What is the SBI two-wheeler loan interest rate?
As of 15 Nov 2026, State Bank of India publishes two-wheeler loan rates of 11.85% to 15.85% a year. The rate you are offered depends on your credit score, income and the loan amount.
What is the SBI personal loan interest rate?
As of 15 Nov 2026, State Bank of India publishes personal loan rates of 10.00% to 15.00% a year (floating). The lowest, 10.00%, is for: . The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹8 lakh car loan from SBI?
At SBI's lowest published rate of 8.45%, a ₹8 lakh car loan over 5 years costs about ₹16,394 a month, or ₹1,83,637 in interest over the loan. Charges and insurance are extra.
Are SBI loans linked to the repo rate?
State Bank of India's repo-linked lending rate (EBLR) is 8.15% from 15 Oct 2026. Floating retail loans are priced from it, plus a spread fixed when you borrow.
What is SBI's MCLR?
State Bank of India's 1-year MCLR is 8.85%, effective 15 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is SBI cheaper than other banks for a car loan?
Of the 7 banks we read for car loans, SBI's lowest published rate (8.45%) ranks number 6; the lowest is 7.70% at Maharashtra. Compare the charges as well as the rate.
Does RateScan get paid by SBI?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every row.
More SBI rates
Loan rates at other banks
How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
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