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Purpose
Purchase of new car/electric car
Eligibility
1) Salaried (min 1 year service): Minimum income should be above Rs.25000.00 pm.
2) Business: (Latest 2 years financials) Total income should be above Rs.3.00 lakhs p.a.
Loan Amount
- 1) Max Rs.100.00 lakhs.
- 2) Above Rs. 100.00 lakhs will be accepted with 100% collateral security.
Margin
1) 10% ex-showroom - (Sanctioning with Managing Director).
2) 10% on road - (Sanctioning with Board of directors) (case to case basis).
(On-Road cost = Showroom + RTO + Insurance)
Rate Of Interest (Fixed)
| Rate of Interest | CIBIL |
|---|---|
| 7.95% | Above 700 cibil score |
| 8.35% | 650 cibil score to 700 cibil score |
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