KARNATAKA BANK CAR LOAN INTEREST RATE

KARNATAKA BANK CAR LOAN INTEREST RATE

At Karnataka Bank, we understand that all customers are different in unique ways, which is why, regardless of the size of your business or your aspirations, we treat every one as individual and special. This means offering you choices, not only in relation to our products and services but also in the way you interact with us. We understand the changes in your lifestyle, recognize these changes and support you with a high standard of professionalism and service.

As a premier bank, we have developed comprehensive range of customized products & services suitable for every kind of market, trade or perceived need – Business or Personal. They include, borrowing facilities, deposits, providing optimum returns on surplus funds or helping with overseas transactions.

We believe in total quality at all levels. We have deployed the most modern information technology to deliver products & services for your benefit with an aim to develop an effective long-term relationship. But most of all, Technology is matched to your expectations of service, for today & for the future.

KBL CAR FINANCE (For New and Second Hand Cars)

Who is Eligible?

 a) An individual who is an income tax assessee.

 b) A company / firm/ trust/ association/societies  availing the loan in its name or in the name of its executive / managing director /  managing partner/managing trustee/president/secretory.

c) NRIs are also eligible.

Purpose:

Purchase of new vehicle / second hand vehicle not older than 3 years from the date of its registration.

Amount of Loan:

Upto 85% of the invoice value excluding road tax and insurance for new vehicles.

Maximum of Rs.15 lakh in the case of second hand / used vehicle.

Period:

Upto 60 months (new vehicle) and 34 months (second hand vehicle).

Security:

a) Hypothecation of vehicle to be purchased.

b) Third party co-obligation / guarantee in the case of individual.

Rate of interest: Click Here for Latest Rate of Interest

3

KBL- Car Finance

 

i. New vehicles upto Rs. 50.00 lakhs

10.75

0.50

11.25

ii. Old vehicles upto Rs. 20.00 lakhs

10.75

4.25

15.00

 

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