Get loan up to 80% of the valuation of car with maximum tenure of 60 months, can go further depending on profile.
Part prepayment is not allowed for cases with loan seasoning upto 6 months. Maximum amount that can be part prepaid should be 25% of principal outstanding.
Part prepayment is allowed only twice during the loan tenure and once during a year. 6% Part-payment fee of loan amount for cases with loan seasoning of 7 to 12 months, 5% Part-payment fee of loan amount for cases with loan seasoning of 13 to 24 months and 3% Part-payment fee of loan amount for cases with loan seasoning above 24 months.
Interest Rate : 15.50%
Processing Fee : 2
Pre Closure Fee : 5% on principal outstanding or interest outstanding for unexpired period of loan (whichever is lower)
Late Payment Fee : 2% per month i.e. 24% p.a.
Loan to Value Ratio : Up to 80% of the Car Value
Part Payment Fee : 3% - 6%
Latest Salary Slip / Form 16 for Salaried Individuals
Income Tax returns of 2 previous financial years along with complete financial/audit report for Self EMploued Non-Professionals.
Income Tax Returns of 2 previous financial years for Self Employed Professionals.
Business Stability proof / Ownership proof for Self Employed
Partnership deed and Letter signed by all partners authorising one partner, Resolution by Board of Directors (or such managing body) and Memorandum and Articles. of Association for Self Employed Non-Professionals.
Employment Stability Proof for Salaried Individuals.
Up to 80% of the Car Value
Processin Fee not refundable
Tue Oct 02 2018 12:20:46 GMT+0000 (UTC) 3 months ago