Get loan up to 100% of the car value for selected models, subject to maximum Rs. 3 Crores.
Stability in EMI repayment, not affected by fluctuating market rates.
Get loan for the widest range of cars and multi-utility vehicles in India.
Enjoy flexible loan repayment tenures, from 12 months up to 84 months.
Avail a car loan of up to 6 times your yearly income.
No Preclosure allowed within 6 months from date of availing the car loan. 6% of Principal Outstanding for preclosures within 1 year from 7th EMI, 5% of Principal Outstanding for preclosures within 13-24 months from 1st EMI, and 3% of Principal Outstanding for preclosures post 24 months from 1st EMI.
Part-payment is allowed subject to completion of 12 months. Part payment will be allowed twice only during loan tenure. Part payment is allowed only once a year. At any point of time, part payment will not increase beyond 25% of Principal Outstanding. 5% on the part payment amount in case part prepayment is within 13-24 months from 1st EMI, and 3% on the part payment amount in case part prepayment is post 24 months from 1st EMI.
Interest Rate : 9% - 10.25%
Processing Fee : 0.4
Pre Closure Fee : Up to 6% of the Principal Outstanding
Late Payment Fee : 2% per month on the overdue amount
Loan to Value Ratio : Up to 100%
Part Payment Fee : Up to 5% of the Principal Outstanding
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible).