| Interest Rate |
10.35% to 10.85% |
| Loan Processing Charges |
1% of the loan amount |
| Issue of Duplicate Interest and Principal Certificate |
Rs 250 |
| Cheque Bounce Charges |
Rs 250 |
| Loan Foreclosure charges |
If the car loan is closed before 12 months, then the charges would be 5% of the outstanding principal amount. After a 12-month period, a charge of 3% would be levied. |
| Late Payment Charges |
2% additional interest on the overdue amount every month |
| Prepayment before 6 months |
No charges levied. |
| NOC issuance charges |
Rs 250 |
| Cheque swapping charges |
Rs 250 |
| Charges for issuing CIBIL report |
Rs 50 |
| Loan Tenure |
12 to 60 months |
| Quantum of Loan |
Up to 90% of the car value |
