
Best for SBI account holders who can use the YONO app for instant approvals and zero processing fees.
Financing for new cars with the option of financing up to 90% of the on-road price, offering the benefit of no hidden charges and lowest interest rates.
"SBI's car loan is high-value because it often funds the "on-road price" rather than just the "ex-showroom price." Applying via the YONO app often gets you a 0.25% interest concession and zero processing fees. Zero prepayment penalty is standard. Verdict: Best for on-road price funding."
Applying takes less than 5 minutes. You will need your PAN card and Aadhaar details handy.