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| COMPARE : CAR LOANS |
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| Karnataka State Cooperative Apex Bank Ltd Car Loan |
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| Introduction |
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| The bank provides loan for both two and four wheelers but only for personal use. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
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| Ex-Showroom/On Road |
On Road |
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| Loan Amount |
Maximum loan amount of Rs. 20,000,00.00 or 75% of Vehicle invoice value, Road Tax, Insurance , whichever is less for new car/Jeep or Van.
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| Tenure |
Min. - 12 months.
Max. - 60 months.
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| Interest Rate |
12.5 % |
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| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
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| Legal, Repossession and Incidental Charges |
As Per Actuals |
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| Comment on Charges |
Processing Charges- 1% |
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Application Process
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Application Process |
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Documents required for applying for the loan
* Application form.
* Invoice/quotation.
* Form No.29, Pro-note.
* Agreement subject to hypothecation of vehicle in favour of bank.
* Photo. |
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