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.
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Due Dates

  • Due date for deposit of Tax deducted/collected for the month of April, 2024. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

    May 07th ,2024
  • Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of March, 2024

    May 15th ,2024
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    May 15th ,2024
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    May 15th ,2024
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    May 15th ,2024
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    May 15th ,2024