Sanima Bank Auto Loan interest rate 2083
Sanima Bank's auto loan is priced at 6.19%–8.14% effective in Bhadra 2083: a 4.64% base rate plus a 1.55%–3.5% premium. That ranks 15th cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,421, plus a 1% processing fee.
- Effective rate
- 6.19% – 8.14%
- Base rate
- 4.64%
- Premium
- 1.55% – 3.5%
- Processing fee
- 1%
- Maximum tenure
- 84 months
- Maximum loan-to-value
- 50%
- Rank by rate
- 15 / 18
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.sanimabank.com/interest-rate
Sanima Bank Auto Loan: effective rate 6.19%, EMI from Rs. 19,421 per month. Compare with 17 other banks.
Rate breakdown
Base rate
4.64%
Premium
1.55%–3.5%
Effective rate
6.19%–8.14%
Fixed
Not published
- Processing fee
- 1% (Min Rs. 2,000)
- Prepayment penalty
- 0.57%
- Loan amount
- Rs. 2 Lakh – Rs. 1.5 Cr
- Tenure
- 12 – 84 months
- Max financing
- 50%
- Age
- 21 – 65 years
Highlights
- Cars, bikes, scooters and EVs
- EV financing up to 80% LTV
- Insurance bundling
Who is eligible
Minimum 6 months in current job or 2 years in business. EVs allowed higher LTV per NRB.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Vehicle quotation from dealer
- Driving licence
Sanima Bank Auto Loan FAQ
What is Sanima Bank's current Auto Loan interest rate?+
Sanima Bank's Auto Loan floating rate is base rate 4.64% plus a premium of 1.55% to 3.5%, giving 6.19% to 8.14% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Auto Loan from Sanima Bank?+
At 6.19% over 60 months, the EMI is roughly Rs. 19,421. Use the calculator above to change the amount or tenure.
Can I prepay a Sanima Bank Auto Loan?+
Yes. The published prepayment charge is 0.57% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
