#1
April 17th, 2017, 05:09 PM
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Abhyudaya Bank Two Wheeler Loan
What is margin of Two Wheeler Loan of Abhyudaya Bank? Will you please tell me about service charges taken by Abhyudaya Bank for Two Wheeler Loan?
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#2
April 18th, 2017, 10:16 AM
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Re: Abhyudaya Bank Two Wheeler Loan
As you want to know about Two Wheeler Loan by Abhyudaya Bank, so here are complete information as you want: REPAYMENT New :Upto 84 months Pre-owned vehicles :Upto 36 months. MARGIN A. New Vehicle a) Private Cars :Upto Rs.15.00 Lakh : 10% Above Rs.15.00 Lakh to Rs.75.00 Lakh : 20% b) Two Wheelers NIL B.Used Vehicles (Not more than three years Old) i) Private Cars : 40% of valuation/ Agreement value whichever is lower subject to maximum Rs.30.00 Lakh. MEMBERSHIP Applicant – 1.5 % of Loan amount subject to maximum Rs.5000/- Sureties -- Loan up to Rs. 25.00 lakh - Nominal Membership, Rs. 100/-. Loan above Rs. 25.00 lakh - Regular Membership Rs.1000/- SURETIES One Surety with Net Salary /Income of Rs. 12,000/- p.m. Salaried family members can be accepted. SECURITY Hypothecation of vehicle INSURANCE Insurance Policy must be assigned in favour of our Bank. SERVICE CHARGES 1.30% of sanctioned limit . Revised Rate of Interest (Floating) on Credit Facilities w.e.f. 01.04.2017 Prime Lending Rate (PLR) – 12% |