CAR LOAN
Buying a car is no simple decision. From buying outright, to buying a car on finance, there are many options. You also have to consider running costs. In fact, it’s probably the second most expensive thing you’ll buy after a home. So it’s important to make sure you get the best deal on financing.
Loan Products with brief terms and conditions
Documents Required
- Proof of Address-(passport,electoral card,aadhar card,driving licence,electricity bill, gas bill etc)
- Proof of Identity-(passport,electoral id,aadharcard,driving licence,pan card,ID issued by Govt etc)
Schemes & Interest Rates
| Loan scheme | Interest rate /annum(reducing balance) | LTV | Remarks |
|---|---|---|---|
| AIFL -Vehicle loan | 18%-24% | As per credit norms based on risk gradation | Penal interest of 3% pm on the defauted EMIs |