Enjoy the joy of owning a car by taking a car loan in State Bank of India. The bank does not have any processing fee and pre-payment penalty on the loan. Get finance for buying a new car by taking an SBI car loan at a low interest. Individuals can repay the amount of the loan with the interest in a period of seven years maximum. The finance is granted by the bank for On-Road Price of the car that helps in getting money for registration, insurance, warranty extension, annual maintenance and buying car accessories. There are no foreclosure charges on the loan. The bank gives the facility of overdraft.