2023 2024 EduVark > Education Discussion > General Discussion


  #2  
August 10th, 2016, 03:32 PM
Super Moderator
 
Join Date: Mar 2012
Re: Central Bank Of India Vehicle Loan

Central Bank Of India Provides Purchase of two wheeler.(New only) / four Wheeler ( New/ old car) for Personal use. (i.e. not for hiring/ferrying passengers)

Eligibility :

All individuals of age 18 years and above and maximum upto the age of 65

Permanent salaried employees/ Self-Employed Persons / Independent Entrepreneurs who have regular source of income

Farmers irrespective of land holding engaged in production oriented agricultural activities and in other allied activities.
Non-resident Indians

Companies / Proprietorships, Partnership Firm /Societies/etc

Salaried/ Non-Salaried

4 Wheeler (New/ Old)
Rs. 2, 40, 000

2 Wheeler
Rs. 1, 20, 000

Quantum of Finance

Two Wheeler - Rs. 10.00 lakh
New Four Wheeler- Rs.75.00 lakhs
Old/Second Four Wheeler Vehicle - Rs.10.00 lakh
Loan shall be sanctioned on Road Price (Cost Of vehicle + Registration Charges+ Insurance + Road Tax). Any additional cost for fancy numbers shall not be financed by Bank.

Margin

Loan Amount Upto Rs.20 lakh - Minimum 10%
Loan Amount More than Rs.20 lakh - Minimum 20%
Old Vehicle (Any Loan amount)- Minimum 25%

Rate Of Interest:

Type
Floating
Fixed Rate ( Repayment within 36 months)

2 Wheelers
Base Rate + 0.40%
Base Rate + 0.40%

4 Wheelers New
Base Rate + 0.40%
Base Rate + 0.40%

4 Wheelers Old
Base Rate + 1.50%
Base Rate + 1.50%

Security

Hypothecation of vehicle purchased. Our Hypothecation charge should be registered with Regional Transport Office Authorities.

Repayment Period in Month :

Type
Repayment Period In month

2- Wheeler
60

4-Wheeler (New)
84

4 WH (Old)Upto 3 Y old
60

4WH (Old) More than 3Y old
48


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 05:25 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8