State Bank of Mysore Car Loan
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Introduction State Bank of Mysore gives loan for both new as well as used vehicles. For purchase of new car, bank gives loan up to an amount of 30 times of Net Monthly income for salaried persons and 2.5 times of Net Annual income for others. In case of used vehicles bank gives loan for purchase of passenger Cars, Jeeps, Multi Utility vehicles not more than 5 years old. On the purchase of new vehicle bank has a provision of comprehensive insurance for full value of the vehicle. There is a facility of free accident insurance cover (death risk only). The bank offers a car loan on floating rate of interest. 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 90Min. – Rs 50000
Max. – Rs 85Tenure Min. – 12 Yrs. Min. – 12 Yrs. Interest Rate 10.75 % 16.25 % 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, State Bank of Mysore Car Loan;
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