State Bank Of Hyderabad Car Loan
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Introduction State bank of Hyderabad offers loan for the purchase of new passenger cars, jeeps, multi utility vehicles (MUVs) and SUVs. For the loan above Rs 6 lakh, 30% repayment is to be done in 7 years. However there is an option for repayment in a shorter tenure, preferably with a check off facility in case of salaried persons. Bank takes security hypothecation of vehicle & Guarantee of spouse, if his/her income has been taken into account for computing the eligibility criteria of loan amount. Normally securities in the form of surrender value of LIC policy, NSCs, units of UTI, Deposits with our Bank, SBI Magnums, gold or any other security are acceptable by the bank for grant of advance so as to cover at least 35% of the loan amount. There is no processing fee attached to the car loans of the bank. The insurance is comprehensively insured for the market value. 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 10.5 % 14.75 % 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 9, 2010 · Filed under: Car Loan, State Bank of Hyderabad Car Loan;
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