As part of the agreement, SBI will offer a comprehensive suite of financing options through VinFast’s exclusive dealer network. This includes attractive interest rates, flexible repayment plans, up to 100% on-road funding, and exclusive benefits for customers purchasing VinFast vehicles.
Dedicated SBI representatives will also be stationed at all VinFast showrooms to assist customers with financing, providing on-site support and streamlining the buying experience, said a statement.
Leveraging SBI’s nationwide presence—with nearly 23,000 branches—the collaboration aims to extend VinFast’s reach beyond urban centres into rural and emerging markets. The partnership also supports VinFast’s broader mission to promote sustainable mobility in India, one of the fastest-growing EV markets globally, it added.
“Our collaboration with the State Bank of India, the nation’s largest and most trusted nationalised bank, is a significant step in building a strong foundation for VinFast’s growth in India,” said Pham Sanh Chau, CEO of VinFast Asia.
“This partnership will not only offer convenient and competitive financing solutions, but also extend the brand’s presence to a broader audience, enabling a seamless and holistic EV ownership journey,” he added.
“Our tie-up with VinFast reinforces SBI’s commitment to sustainable finance, in line with our goal of achieving a 7.5% green loan portfolio by 2030. With over ₹128 crore raised through Green Deposits for EV loans in FY25, partnerships like this are key to driving India’s green future,” said G S Rana, Deputy Managing Director, Retail-Personal Banking & Real Estate, SBI.
The agreement comes as VinFast prepares to launch its VF 6 and VF 7 models in India and follows the recent inauguration of the company’s EV assembly plant in Tamil Nadu.
