|New Car Interest Rates - FIXED
|Loan Processing Charges
||0.50% of the loan amount or a Maximum of Rs 6000 inclusive of service tax.
||Maximum Tenure - 84 Months
|Quantum of Loan
||Up to Rs 75 lakhs
||NIL - If loan is closed from own sources. 2% of the balance for the past 12 month, if funds are got from another bank or third party.
||Hypothecation of the vehicle. Bank’s lien to be noted in the RTO.
||15 % of on-road price
||Guarantee from spouse is required. If unmarried, then third party guarantees is required