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

CIBIL Score 700 & above       7.50%

CIBIL Score less than 700      7.75%

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

50% Processing fee waived off till 31.03.2021

area of operation Loan shall be advanced in the area operation of Distt. Kapurthala