Which cars can be financed using loan funds?
You can purchase any old car, it should not be more than 5 years old.
What is the permitted date for repayment of EMIs?
Being a customer of SBI Used car loan, you get the facility to pay your EMIs anytime during the month.
What is the applicable margin money I have to pay?
You have to pay a 20% margin money of Invoice or IDV (Insured’s Declared Value), whichever is lower.