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Karur Vysya Bank Car Loan

  • Features: Tailor made easy finance scheme design for professionals, businessmen, traders and individuals to help them own a new or old car. Finance up to 80% of the vehicle cost + Life Tax + accessories For new car and second-hand cars are financed at 30% margin. Maximum Amount of loan one can get is Rs. 7.50 Lacs

    Karur Vysya Bank (for Car Loan)
    Initial Interest Rate: 10.5
    Average Interest Rate: 10.5
    Loan Eligibility: 12 – 15
    Emi: 7,681
    Tenure 4
    Age 30
    Processing Fee: 0.3% of loan amount or min Rs 100 and max Rs 5 lakh
    Prepayment Charges: Nil
    Cheque Bounce Charge: NA
    Late Payment Charges: 2% on the outstanding balance
    Statement Charge: NA
    Security: NA
    Insurance Charges: NA
    Down Payment: 20%
    Over Draft: NA
    Cheque Swapping Charge: NA
    Published on August 9, 2010 · Filed under: Car Loan, Karur Vysya Bank Car Loan;
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