Karnataka Bank Car Loan Interest Rates

New Car Interest Rates 9.90% + 0.25% = 10.15%
Loan Processing Charges 0.25% of the loan amount / Minimum of Rs 250 Additionally, an asset verification or inspection charge of Rs 1000.00 will also be levied.
Loan Tenure Maximum Tenure - 60 Months
Quantum of Loan Up to 85% of the invoice value. The road tax and insurance is excluded here.
Foreclosure Charges 1% of the outstanding principal balance.
Issuance of NOC Rs.100/- per certificate
Security/ Third Party Guarantee / Hypothecation Required for new cars.