SBI Pre-Approved Car Loan (PACL)

Eligibility

  • Salary Account
  • Employees of Government.
  • PSUs & AA & better rated corporate borrowers of CAG/CCG.
  • Existing Gold & Platinum Corporate Salary Package account holders of the Corporates having more than 50 salary accounts with SBI.
  • At least one credit of Rs 25,000/- p.m. in salary account during 5 of the last 6 months, excluding cash deposit and system credit.
  • Total salary credit summation of Rs 3.00 lakhs during last 12 months.
  • There should be salary credit in the immediate last month.
  • Account should be in in single name.

Age Limit

Minimum Age21 years
Maximum Age57 years

CIC Score

  • CIBIL (V3) cut-off score of 700 and New to Credit Score -1(151- 200).

Offer Validity

  • The offer to the pre-selected customer will be valid for 30 days.

Term

Minimum3 years
Maximum7 years

Loan Amount

MinimumRs.1 Lakh
MaximumRs.5 Cr
Max loan amount is 48 times the NMI. RSM Score must be 46 and above