🇮🇳 SBI Auto FinanceCategory: Bank-Specific Prepayment Presets →

SBI Car Loan Prepayment Calculator

Simulate part prepayments, calculate interest savings, tenure reduction, and foreclosure settlement for State Bank of India (SBI) car loans.

SBI Loan Parameters

SBI Auto Scheme

SBI Car Loan Amount₹ INR

₹

Interest Rate% p.a.

Tenure (Months)60 Mos (5 Yrs)

Mos

💰 SBI Prepayment Options

Extra Monthly Payment+ Monthly

₹

Lump-Sum Part PaymentBonus / Savings

₹

Month #

Total SBI Interest Saved

₹0

Saving 0% in total SBI interest!

Time Saved

0 mos

Payoff earlier

Regular SBI EMI

₹0

Per month

Total Amount Paid

₹0

Originally ₹0

Foreclosure Fee (after 24m)

₹0 (NIL)

0% SBI penalty rule

📱 How to pay SBI Car Loan Prepayment via YONO:

Log in to YONO SBI > Select Loans.
Click your Car Loan Account > Tap Pay Advance.
Enter the part-payment amount & choose Reduce Tenure.

Amortization Schedule

Interactive breakdown of balance, interest, and prepayment impact

Period	EMI Paid	Principal Paid	Extra Prepayment	Interest Paid	Total Payment	Remaining Balance

SBI Car Loan Zero-Penalty Foreclosure & Part Payment Tips

State Bank of India lets auto loan borrowers make penalty-free part prepayments and waives foreclosure charges after 24 months of regular EMIs. Use our Universal Car Loan Prepayment Calculator or Auto Loan Repayment Tool to compare multi-lender schedules before transferring lump sums through YONO SBI.

Evaluating private-bank auto exit costs as well? Check HDFC Car Loan Charges, ICICI Car Loan Foreclosure Slabs, or compare PSU banks in the PNB Car Loan Prepayment Calculator and SBI Home Loan Calculator.

Frequently Asked Questions

Are there any prepayment or foreclosure charges on SBI Car Loans?

SBI offers zero (nil) prepayment charges on car loans after completion of 24 months (2 years). For loans closed within the first 2 years, SBI charges a nominal fee (up to 3% + GST) or 0% under special festive schemes and floating-rate loans. Check early foreclosure math across lenders with our Car Loan Foreclosure Calculator or compare HDFC Car Loan Charges.

How to make part prepayment for SBI Car Loan online via YONO SBI?

You can make an online prepayment easily:

Open and log in to the YONO SBI App or SBI NetBanking.
Navigate to Loans > My Loans > Car Loan Account.
Click on 'Pay Advance / Part Payment' or transfer funds from your SBI Savings account directly to your Car Loan account number.
Select whether you want to Reduce Loan Tenure or Reduce Monthly EMI—test both in our Car Loan Prepayment Calculator.

Can I make multiple part payments in SBI Car Loan?

Yes, SBI allows borrowers to make part prepayments multiple times throughout the loan tenure without restrictions on minimum deposit amount. Compare SBI home and education policies via the SBI Home Loan Calculator and SBI Education Loan Calculator.

How long does it take for SBI to issue NOC after foreclosure?

Once the full outstanding principal and any accrued interest are settled, SBI issues the NOC (No Objection Certificate) and Form 35 within 7 to 14 working days to remove hypothecation from your vehicle RC.