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| COMPARE : CAR LOANS |
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| The Lakshmi Vilas Bank Limited Car Loan |
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| Introduction |
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| The bank provides loans for purchase of new/used car/van/jeep and new two-wheelers. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
5 times of net monthly income (OR) 85% of the cost of the vehicle as per invoice including Road Tax & Insurance and cost of accessories up to Rs.25,000/- with a maximum ceiling of Rs.25 lakhs for new vehicles
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The loan amount is 25 times Net Monthly Income or Rs.10 lacs, whichever is lower.
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| Tenure |
Min. - 12 months.
Max. - 72 months.
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Min. - 12 months.
Max. - 36 months.
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| Interest Rate |
11.75 % |
14.25 % |
| 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 |
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 |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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| Comment on Charges |
margin: 15%
processing fees: 1%
Min-Rs.500 |
margin: 40%
processing fees: 1%
Min-Rs.500 |
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