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June 24th, 2016, 08:03 AM
Super Moderator
 
Join Date: Mar 2012
Re: Car Loan Interest Rate in State Bank of Hyderabad

Hey as per your demand here I am providing you details of Car Loan Interest Rate in State Bank of Hyderabad

Interest rate
10.30% per annum for new cars. The interest rates are floating and are calculated on a daily reducing basis. Irrespective of the loan amount and tenure, the interest is around 10 basis points above the base rate of 10.20%.

Processing Fees
0.25% of the Loan Amount subject to a minimum of Rs. 500/- & a maximum of Rs. 5000/

Loan Tenure
1 year to 7 years

Guarantor Requirement
No Guarantor Required

Documents required
Statement of bank account for the last six months
Duly filled application form
Proof of identity and proof of residence
Original copy of the vehicle quotation and the vehicle booking receipt
Salaried employees must submit a copy of latest salary slip, Form16 or IT returns for the last 2 years and proof of identity as issued by the employer.


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