2023 2024 EduVark > Education Discussion > General Discussion


  #1  
May 21st, 2015, 09:01 AM
Super Moderator
 
Join Date: Mar 2012
Jammu and Kashmir Bank Car Loan

I am from Ladakh. I want to get Car Loan of Rs. 5,00,000/-. What is the interest rate on Car Loan given by the Jammu and Kashmir Bank? pls give me application form to apply for car loan. Give me contact details of my nearest Bank Branch where I can go and apply for the Car Loan. Is there any branch of Jammu and Kashmir Bank in Ladakh?

J&K Bank Car Finance Scheme (Fresh Cars) for Individuals/Proprietorship Concerns.

Reason

To give back to buy of new "Autos/Van/Jeep/SUV/MUV For Private Use Only at Ex-Showroom Or On-Road Prices, if settled on by the borrower.

Qualification

Perpetual Employees of State/Central Government, Government/Semi-Government Undertakings and Autonomous Bodies.

Representatives of Private Limited Companies, Private Organizations, Reputed Establishments and Employees on legally binding premise with Central/State Government, Government/Semi-Government Undertakings& Autonomous bodies*

Experts, Self Employed Individuals and Proprietorship Concerns.

People occupied with agrarian and unified exercises.

Resigned Employees of State/Central Government, Public Sector Undertaking.

Joint borrowers are likewise qualified.

Most extreme Loan Amount/Quantum of Finance

i) Maximum Finance for buy of Car at Ex-Showroom Prices :

36 months net month to month compensation of the candidate or 3 times net yearly wage. In any case, if there should be an occurrence of representatives of private associations, workers on contract premise and retired people, the most extreme back might be constrained to24 months net month to month pay or 2 times net yearly salary.

Candidates from qualification criteria as portrayed at a, b, c and d who don't satisfy the pay criteria as set down in the plan yet have a yearly salary of more than Rs. 2.00 lakh, might be allowed greatest back upto 24 months net compensation or 2 times net yearly salary.

Net reasonings comprehensive of advance EMI/s (existing and also proposed) ought not surpass 60% of gross salary.

If there should arise an occurrence of wedded people, ensured salary of mate can likewise be considered given the life partner is a co-borrower.

If there should be an occurrence of Joint borrowers, it is to be guaranteed that no less than one of the joint borrower(s) can reimburse the credit alongside enthusiasm up to the most extreme recommended age of 60/70 years.

According to the arrangements of Motor Vehicles Act, 1988, where an engine vehicle is together possessed by more than one individual, the application for enrollment might be made by one of them in the interest of the considerable number of proprietors and such candidate should be esteemed to be the proprietor of the engine vehicle with the end goal of this demonstration. In like manner, it might be guaranteed that in all such cases an alternative be got practiced from the joint borrowers to determine the name of the candidate borrower in whose name they need to get the vehicle enrolled.

The roof of the advance sum should be Rs 50 Lakh.

ii). Most extreme Finance for buy of Car at On-Road Prices :

The parameters for deciding the most extreme measure of fund for this situation should be same as nitty gritty above at Para 4(i) with the exception of the accompanying expansion:

The "One time Registration Charges and Insurance premium for first year (Optional)" might be financed as a major aspect of the aggregate advance to be given subject to most extreme allowable measure of point of confinement of fund for which a borrower is qualified under the significant proviso of this plan.

The credit sum reflected in the advance record might be comprehensive of advance sum conceded for Registration and Insurance.

Processing Charges
0.50% of loan amount subject to a bare minimum of Rs. 500.00

Rate of Interest

Fixed-11.25 % per annum with monthly rests.
Floating-B.R + 1.00 % per annum with monthly rests.

or

As prescribed by A&AP Division, Corporate Headquarters from time to time.

A rebate of 0.25% in the interest rate may be allowed to women borrowers under the scheme.

Last edited by Neelurk; May 6th, 2020 at 03:49 PM.
Similar Threads
Thread
Jammu And Kashmir Bank Loan Schemes
Jammu And Kashmir Bank CEO
Jammu And Kashmir Bank Abids
Jammu And Kashmir Bank Branches
Jammu And Kashmir Bank Home Loan
Jammu And Kashmir Bank Fixed Deposit jammu And Kashmir Bank Fixed Deposit Rates
Jammu and Kashmir Bank Pvt Ltd
Jammu and Kashmir Bank in Panchkula
Jammu and Kashmir Bank Jammu Branch
Jammu and Kashmir Bank Ltd
Jammu and Kashmir Bank Okhla
Jammu And Kashmir Bank Holidays
Jammu And Kashmir Bank Code
Jammu And Kashmir Bank Loan Schemes
Jammu And Kashmir Bank Home Loan Rates

  #2  
February 17th, 2017, 01:04 PM
Unregistered
Guest User
 
Re: Jammu and Kashmir Bank Car Loan

Hi I would like to have the details of the Auto loan which is offered by the Jammu & Kashmir Bank including the rate of interest?


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 11:54 AM.


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