|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.
||Maximum Tenure - 60 Months
|Quantum of Loan
||Up to 85% of the invoice value. The road tax and insurance is excluded here.
||1% of the outstanding principal balance.
|Issuance of NOC
||Rs.100/- per certificate
|Security/ Third Party Guarantee / Hypothecation
||Required for new cars.