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Corporation Bank New Car Loan
Minimum Rs. 1,000
Avail as high as up to 100% on-road price of the card including cost of the accessories, subject to maximum Rs. 1 Crore.
Interest rate is 9.60% per annum for the applicants who are availing loan up to Rs. 50 Lacs.
Interest rate is 10.10% per annum for the applicants who are availing loan above Rs. 50 Lacs.
Interest rate is 8.95% per annum for the employees of Central / State Government & Defence Personnel who are availing loan up to Rs. 50 Lacs.
Processing fee is equal to 1% of the loan amount, subject to minimum Rs. 1,000.
Tenure ranging from 12 months to as long as 84 months.
Zero Prepayment Charges
Offers High Amount of Upto Rs. 1 Crore.
Offers up to 100% of On-road Price including Cost of Accessories.
Co-applicant/Guarantor is Mandatory.
Margin Money is Mandatory
Applicant should not be less than 21 years old at the time of the loan application
Salaried Applicant should not be more than 60 years old at the time of the loan maturity, subject to retirement age.
Self-Employed Applicant should not be more than 70 years old at the time of loan maturity unless the co-applicant has independent income to service the loan.
The minimum net annual income of the applicant should be Rs. 1.20 Lacs per annum.
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