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  #2  
August 2nd, 2016, 03:10 PM
Super Moderator
 
Join Date: Mar 2013
Re: State Bank Of Hyderabad Car Loan

Hi the State Bank Of Hyderabad provide the car loan and at a very interesting interest rate

State Bank Of Hyderabad Car Loan Age Eligibility

21-65 years.

Vehicles considered for the loan

Passenger cars,

Jeeps,

Multi Utility Vehicles (MUVs)

SUVs.

Margin

Upto Rs 10 lacs: 15% on road Price of the Car

Above Rs. 10 Lacs:

15% Margin on Ex-showroom Price of the car

(OR)
Margin of 20% on Road Price of the car at the option of the customer

Rate of Interest

20 basis points above base rate of 9.75%, effective rate is 9.95% p.a, irrespective of the loan amount

The penal interest would be charged @ 2%p.a. on the overdue amount only


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