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SBI Car Loan Application Status

SBI Car Loan Status Jun 2021

Last Updated 23rd Jun 2021

  • SBI borrowers who have availed a car loan from SBI can track their car loan status.
  • To track the status of SBI car loan, they would require an application or reference number received when applying for a SBI car loan.
  • Borrowers can track the status of car loans both through online & offline modes.
  • Visit the official SBI website to track the status of SBI car loans online.
  • To know SBI car loan status online, you would need to have a net banking account.
  • If you haven't yet registered, register for SBI net banking account.
  • SBI car loan status can also be checked offline by visiting the SBI nearest branch or calling SBI customer care.
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SBI Car Loan Status

SBI borrowers who have availed a car loan from SBI through any of the modes can track the status of their car loan. To track the status of SBI car loan, they would require an application number received at the time of applying for a SBI car loan. With the help of this reference number, they can know the status of car loan through both online & offline modes.

How to Track SBI Car Loan Status?

Below-mentioned is the step-by-step guide to track the status by any of the following ways:

  • Online on SBI website.
  • Offline by visiting the SBI nearest branch or calling SBI customer care.

Track SBI Car Loan Status Online

While you can track the status of your car loan through both online & offline methods. The online method is more convenient & can be accessed anytime & anywhere. To know the status of SBI car loan online, you need to follow the steps as mentioned below:

  • Visit the official HDFC Bank website.
  • Login to your HDFC Bank net banking account using your login credentials such as User Name & password.
  • Now, choose your car loan account in case of multiple accounts with HDFC Bank.
  • Finally, enter your Car Loan details such as application number/reference number, mobile number, date of birth etc.
  • Click on Track Status, and you can view whether your car loan has been approved or still is in process.

Track SBI Car Loan Status Offline

You can also know the status of your car loan through the offline process. For this, you would need to visit the nearest HDFC Bank branch & give the car loan application number to the concerned bank officials to track the HDFC Bank car loan status.

Check SBI Car Loan Status through Customer Care

In case, you want to track the status of HDFC Bank car loan offline at the comfort of your house; you can call HDFC Bank customer care number, which is available 24*7.

Car Loans Offered by SBI

SBI offers multiple car loans for the customers. Some of the popular schemes are mentioned below:

Loyalty Car Loan Scheme
SBI offers Loyalty Car Loan Scheme to finance upto 100% of the car value for a maximum repayment tenure of 7 years.

Key Features
  • Individuals aged between 21 years to 65 years can avail SBI Loyalty Car Loan.
  • Professionals, Self-employed, Businessmen, proprietary/partnership firms, people engaged in agricultural activities etc. are eligible for SBI Loyalty car loan scheme.
  • Professionals, Self-employed, Businessmen, proprietary/partnership firms, people engaged in agricultural activities etc. are eligible for SBI Loyalty car loan scheme.

SBI Car Loan Lite Scheme
SBI Car Loan Elite Scheme is a car loan scheme that offers finance upto 75% of the on-road price of the car.

Key Features
  • To avail the car loan under SBI Car Loan Elite Scheme, borrowers should have a minimum age of 21 years.
  • Below-mentioned is eligibility criteria for SBI Car Loan Elite Scheme: Age: Borrowers between 21- 65 years are eligible. Minimum Income Criteria: Minimum Net Annual Income (NAI) of Rs.2.5 Lakhs Maximum loan amount: Rs.4 Lakhs Max Repayment period: Upto five years.
  • Professionals, Self-employed, Businessmen, proprietary/partnership firms and others are eligible for SBI Car Loan Elite Scheme.

SBI New Car Loan Scheme
SBI offers New Car Loan Scheme to finance a new car at the lowest EMI with minimal paperwork and quick disbursement for upto 90% of the car value.

Key Features
  • Individuals aged between 21 years to 67 years can avail SBI New Car Loan.
  • Professionals, Self-employed, Businessmen, proprietary/partnership firms and others can apply for SBI new car loan scheme.
  • To avail the SBI Car Loan Scheme, borrowers should have a minimum age of 21 years.
  • Professionals, Self-employed, Businessmen, proprietary/partnership firms and others can avail SBI new car loan upto 4 times net profit.

How to Login at SBI Car loan Portal?

Borrowers can log into SBI car loan portal online through their SBI net banking account. Below-mentioned are the steps for the same.

  • Visit the official website of SBI.
  • On the home page, enter your user name & password and click on Login.
  • If you haven't yet registered, register for SBI net banking account and then follow the step 1 & 2.

FAQs

How can I check my SBI car loan status?

To track the status of SBI, you need to have a reference number or application number received when applying for SBI car loan. You can visit the official SBI’s website or check SBI car loan status by visiting the nearest SBI branch or else call SBI customer care executive.

How can I check the status of my Car loan?

You can check the status of your car loan online by logging to your net banking or mobile banking account or offline by visiting SBI. You can also track SBI car loan status by calling SBI customer care.

Can I do the SBI car loan application process by visiting a branch?

Yes, you can visit the nearest SBI bank branch with relevant documents to apply for a car loan.

My credit score is 700. Will Credit Score affect the approval of SBI car loan application?

A credit score of 750 is considered a perfect score for availing SBI car loan. While SBI will offer a car loan with 700 credit scores, the interest rate may be slightly higher.


SBI Car Loan Reviews 4.3/5  by 3 customers
MyLoanCare Service
4.3/5.0
Banks Service
4.3/5.0
Arnav, Ghaziabad
Reviewed on 07th Jan 2018
4 / 5 stars
SBI Car Loan Availed in Dec-18

I got fast processing on my application. All charges were normalRead more...

Adiraj Singh, Goa
Reviewed on 11th May 2017
5 / 5 stars
SBI Car Loan Availed in Apr-18

The customer care service was very helpful, my loan was disbursed within a month. Post sale service Read more...

Ashima Gandhi, Meerut
4 / 5 stars
SBI Car Loan Availed in Jul-17

Excellent and smooth loan servicingRead more...

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SBI Car Loan News - Jun 2021
  • 2021-05-21 : SBI net profit rises 81% YoY
    State Bank of India’s quarterly net profit rose 81% year-on-year to Rs 6,451 crore for the three months ended March. The bank’s total domestic advances rose 5.67% year-on-year to Rs 21.82 lakh crore. Retail advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan stood at Rs 8.7 lakh crore. Further, total domestic deposits for SBI which include FD and RD rose 14.26% from a year ago to Rs 35.7 lakh crore. The current account and savings account deposits rose 16.73% year-on-year to Rs 16.47 lakh crore.
  • 2021-04-27 : SBI introduced video KYC on mobile banking app YONO
    With an aim to improve the customer experience and improve the loan and investment portfolio, SBI introduced KYC on its Mobile banking app YONO. The digital initiative, powered by AI and Facial Recognition Technology, is a contactless and paperless process.
  • 2021-03-21 : SBI recorded digital transactions as high as 67%
    State Bank of India has recorded a considerable increase in its digital transactions. The bank reported 67% digital transaction in the post Covid period from earlier 60% in the pre Covid times. The increase is attributed to hike in e-commerce due to covid induced lockdown which restricted the movement.
  • 2020-12-10 : SBI recasts only 4,000 retail loans
    SBI has recast loans of just around 4,000 retail customers so far under the limited window of the RBI, indicating that barring micro, small and medium businesses, not many are availing of easier repayment norms. The bank clarified that 100,000 retail borrowers logged on to its website to check their eligibility, but not many were found to have met the stringent conditions set by RBI.
  • 2020-12-10 : SBI goes easy on a plan to spin off Yono
    State Bank of India is going slow on its plans to divest its stake in digital platform Yono, YONO is a digital initiative by SBI and stands for “You Only Need One”. YONO helps customers to apply for retail loans like home, personal, gold, two-wheeler and car loan along with business and mudra loans digitally. Further, it also helps in investing in FD and RDs. The special digital tool also provides the facility to apply for the current and savings account.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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