How to Check Remaining Car Loan Amount in SBI

If you have a car loan with the State Bank of India (SBI) and want to check the remaining amount, there are several methods available to you. Each method provides a convenient way to monitor your loan balance and manage your payments effectively. Here’s a comprehensive guide on how to check your remaining car loan amount with SBI:

1. Online Banking
   Step-by-Step Process:

   • Log In: Visit the SBI official website or open the SBI YONO app. Enter your user ID and password to log in.
   • Navigate to Loans: In the dashboard, find the ‘Loans’ section or ‘Loan Accounts’ tab.
   • Select Your Car Loan: Choose the car loan account you want to check.
   • View Balance: Your remaining loan balance will be displayed along with other details such as EMI due date and outstanding amount.

   Benefits:

   • 24/7 Access: You can check your loan balance anytime from anywhere.
   • Detailed Information: Access to detailed loan statements and transaction history.

2. SBI Mobile App (YONO)
   Step-by-Step Process:

   • Download the App: Install the SBI YONO app from Google Play Store or Apple App Store.
   • Log In: Use your credentials to log in.
   • Check Loan Details: Go to the ‘My Accounts’ section and select ‘Loan Accounts’. Your car loan details, including the remaining balance, will be shown.

   Benefits:

   • User-Friendly Interface: The app is designed for ease of use, with a modern interface.
   • Additional Features: The app also offers features like loan repayment scheduling and account management.

3. SMS Banking
   Step-by-Step Process:

   • Send SMS: Compose an SMS in the format provided by SBI. Typically, you need to send an SMS like “LOANBAL ” to the designated number.
   • Receive Details: You will receive a reply with your current loan balance and other relevant details.

   Benefits:

   • Simple and Quick: Requires no internet connection.
   • Instant Access: Receive information within minutes.

4. Phone Banking
   Step-by-Step Process:

   • Call Customer Service: Dial the SBI customer service number or the dedicated phone banking number.
   • Verify Identity: Provide necessary details for identity verification.
   • Request Balance: Ask the representative to provide the remaining balance of your car loan.

   Benefits:

   • Personal Assistance: Speak directly with a bank representative for queries.
   • Available in Multiple Languages: Access services in your preferred language.

5. Visit SBI Branch
   Step-by-Step Process:

   • Visit Branch: Go to your nearest SBI branch.
   • Provide Details: Give your loan account number and identification to the bank representative.
   • Receive Information: The representative will provide you with a statement showing the remaining balance of your car loan.

   Benefits:

   • Direct Interaction: Get assistance from bank staff for any complex queries.
   • Official Documentation: Obtain official statements and documentation.

6. ATM
   Step-by-Step Process:

   • Insert Card: Use your SBI ATM or debit card at an SBI ATM.
   • Select ‘Enquiries’: Choose the ‘Enquiries’ option on the ATM menu.
   • Choose Loan Balance: Select ‘Loan Balance’ and choose your car loan account.
   • View Details: The remaining balance of your loan will be displayed on the screen.

   Benefits:

   • Convenient: Check balance during your ATM transactions.
   • No Need for Internet: Access balance without internet connectivity.

Additional Tips:

• Ensure Account Access: Make sure your SBI account is activated for online and mobile banking to use digital methods.
• Regular Monitoring: Regularly check your loan balance to keep track of your payments and avoid missing any EMIs.
• Keep Contact Details Updated: Ensure your contact details with the bank are up to date for receiving SMS alerts and notifications.

By using these methods, you can easily manage your car loan with SBI and stay updated on your remaining balance. This helps in better financial planning and timely repayments. For any issues or specific queries, contacting SBI customer service or visiting your branch is always a good option.