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  #2  
January 29th, 2013, 09:57 AM
Super Moderator
 
Join Date: Mar 2012
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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