CATHOLIC SYRIAN BANK CAR LOAN INTEREST RATES

CATHOLIC SYRIAN BANK CAR LOAN INTEREST RATES

Our long experience in banking has given us the valuable insight that financial strength is best achieved through customer trust. Our mission is to keep thriving on this philosophy while infusing sustainable practices for the future. Our goal is to produce predictable earnings for our shareholders by rallying our employees through a dynamic and challenging environment. With such ideals in place, we trust that we can outgrow the industry average growth level and climb to a business volume of Rs 34,000 crore, and also reach a net worth level of above Rs 700 crore by 2015. Besides, we are geared to increase our branch presence to 500 centers, covering all prominent locations in India by 2015.

Car Loan Scheme

For acquiring Car, Van, Jeep etc. for personal use.

Eligibility
For persons having assets and income enough for regular repayment of the advance. Documentary evidence of income should be submitted.

Quantum of Finance
80% of Invoice Value and road tax. Invoice Value includes Excise duty, Sales tax etc. but excludes insurance, registration and other incidental charges.

Rate of Interest

11.50% to 12.50%

Security
Hypothecation of the Vehicle.

Guarantee
One person with good means, if collateral security is not offered or undertaking for salary deduction is not available. Guarantee of spouse should be given preference.

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