#1
January 24th, 2013, 05:24 PM
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SBI Used Car Loan Hyderabad
Is the State Bank of India Hyderabad give the used car loan please tell me about this because I want to take this loan from state bank of India so want to know about this and tell me also the procedure of apply for this loan
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#2
January 29th, 2013, 09:57 AM
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Re: SBI Used Car Loan Hyderabad
State of India Used Car loan details are given bellow. You can take finance for purchase of cars not more than 5 years old. Tenure: SBI provide the best car loan scheme for you to take a loan for purchase of used car, not more than 5 years old. For Salaried Individuals the loan amount is 48 times of the Net Monthly Income. For Self Employed Individuals the loan amount is 4 times the Net Annual Income. Interest Rates: Up to 3 years 7.25% above Base Rate i.e. 17.00% p.a. Above 3 yrs 7.50% above Base Rate i.e. 17.25% p.a. Documents Required: With the application form you have to also submit the following doc.: Statement of Bank account of the borrower for last 12 months, 2 passport size photos of borrower, Signature identification of borrower, A Xerox of passport /voters ID card/PAN card, address proof, Latest salary-slip showing all deductions, etc. Security: As per Bank's extant instructions. |
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