Oriental Bank of Commerce Car Loan
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Introduction Oriental Bank of Commerce offer Car and Vehicle Loans for the procurement of new vehicles like scooters, jeeps, motorcycles and cars. The vehicles must be private vehicles meant for non-commercial usage. The maximum ceiling for two wheelers is fixed at up to 90% of the cost of two wheeler including registration charges, insurance and road taxes. For new car, the ceiling is up to Rs10 lakh. Bank charges a processing fee at 0.50% of loan amount with minimum of Rs. 500/-. 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 85Tenure Min. – 12 Yrs. Min. – 12 Yrs. Interest Rate 10.75 % 13.25 % 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 3, 2010 · Filed under: Car Loan, Oriental Bank of Commerce Car Loan;
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