||10.35% (Base Rate + 0.65%)
|Maximum Loan Amount
Maximum loan amount offered to a borrower is either:
In case the borrower is a Corporate entity, then only 85% of On road price is offered as loan (if the value is above Rs.25 lakhs)
- 95% of the On-Road price of the car including Road Tax, Insurance, Road and Registration Charges. This also accounts for car accessories worth Rs. 10,000; OR
- 3 times the Gross Annual Income, whichever is the lowest.
|Minimum & Maximum Car Loan Tenure
||Minimum Tenure - 12 months Maximum Tenure - 84 Months (7 years)
- For a loan amount ranging from Rs. 25,000 to Rs. 2,00,000/-, the processing fee is Rs. 1.25 per thousand or a minimum amount of Rs. 125, whichever is the highest.
- If the loan amount is above Rs. 2,00,000 then the processing fee will be Rs. 200 per lakh.
||For a loan amount below Rs. 2,00,000 - Nil For loan amount above Rs. 2,00,000 the documentation charge is Rs. 100 per lakh with a maximum amount capped at Rs. 1250.
|EMI per Lakh
||Rs. 1678/-* (for a 7 year loan tenure at 10.35% interest)