Your Criteria : Car Loan State Bank of Indore

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Features: One can get a car loan to buy new or old car/jeep/MUV/SUV which is not more than 5 years old. The loan is available to salaried and self-employed individuals as well as professionals. While there is no cap on finance for new vehicles, one can get up to Rs. 15 lakh for old ones. Income of the spouse can be clubbed provided the spouse guarantees the loan. NRIs can also avail of loan. One can get up to 85% of the loan for a maximum tenure of 7 years.

State Bank of Indore (for Car Loan)
Initial Interest Rate: 11.25
Average Interest Rate: 11.25
Loan Eligibility: 15
Emi: 7,790
Tenure 4
Age 30
Processing Fee: 0.50% of the loan amount, min Rs 500 and max Rs 10000
Prepayment Charges: DNA
Cheque Bounce Charge: NA
Late Payment Charges: NA
Statement Charge: NA
Security: Hypothecation of the vehicle and noting of hypothecation charge in the books of RTO
Insurance Charges: Vehicle to be comprehensively insured with the bank's clause
Down Payment: 15%
Over Draft: No
Cheque Swapping Charge: NA
To find the best deal,
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State Bank of Indore
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