Bank Of Maharashtra Car Loan
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Introduction Bank of Maharashtra offers car loan for new cars/jeep and 2 wheelers. You can take loan for second hand four-wheeler, but it should be up to 3 years old. The minimum ceiling for 2 wheelers is Rs 1.00 lakh and for 4 wheelers it is Rs 25.00 lakh the margin for new vehicle is 10%. For second hand 2 wheeler and the 4 wheelers the maximum repayment period is at 60 months. The total deduction including proposed loan installment should not exceed 60% of gross income. Highlights New Car Used Car Loan Type Term Loan Term Loan Ex-Showroom/On Road On Road On Road Loan Amount Min. – Rs 50000
Max. – Rs 85Min. – Rs 50000
Max. – Rs 90Tenure Min. – 12 Yrs. Min. – 12 Yrs. Interest Rate 11.25 % 13.75 % Time to Process Loan 7 days 7 days Preferred Manufacturers Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Fees & charges Fees & charges New Car Used Car Stamp Duty As Per Actuals As Per Actuals Legal, Repossession and Incidental Charges As Per Actuals As Per Actuals Published on August 2, 2010 · Filed under: Bank of Maharashtra Car Loan, Car Loan;
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