Co-operative Bank

The Cooperative Bank, Kapurthala

Second Hand Car Loan

Second Hand Car Loan
 

Beneficiery Individual, Firm
Purpose Purchase of  Second Hand Vehicle (Should be not more than  4 Yrs Old)
Loan Limit Max.Rs.5.00 Lacs or 75% of cost of vehicle or 1.5 times of annual income whichever is less.
Rate of interest 8.99% p.a.
Margin 25.00%
Repayment Max. 5 yrs.
Collateral security Two Good  surities, Insurance & Hypothecation of Vehicle.
Processing Fee 1% of sanctioned loan (one time Min Rs.500 & max Rs.5000) + GST
area of operation Loan shall be advanced in the area operation of Distt. Kapurthala

 

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