Do I have to pay margin money on the availed loan amount?
Yes, you have to pay a 25% margin money to purchase a used car not more than 5 years old.
What security or collateral I have to provide for KVB Flexi Mobile Loan for used car?
Will I get any insurance benefit?
Yes, an optional insurance coverage to the extent of Loan amount with Bajaj Allianz General Insurance Company. Premium of the insurance will be borne by the borrower.
How the loan funds will be disbursed?
Loan funds will be directly disbursed to the seller in the form of DD/NEFT/RTGS/ Account credit/ etc.