#1
24th November 2015, 01:01 PM
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Abhyudaya Bank Car Loan
Hello sir I want to take Car Loan from Abhyudaya Bank so would you please tell me about Abhyudaya Bank Car Loan?
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#2
24th November 2015, 02:26 PM
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Re: Abhyudaya Bank Car Loan
Abhyudaya Co-operative Bank Ltd was founded in 1965, it is an urban multi-state Cooperative banking institution based in Maharashtra. PURPOSE Purchase of Four wheeler for personal use - (New or second-hand) MAX. AMOUNT / ELIGIBILITY A. NEW Maximum Rs. 75.00 lakh. 80% of vehicle quotation for purchase of vehicle including Show Room Price, One time tax, Insurance & Registration charge. Loan Eligibility = (Repayment capacity X 100000 )/ EMI for Rs. 1,00,000/-. REPAYMENT a New :Upto 60 months b Pre-owned vehicles :Upto 36 months. MARGIN New Vehicles : 20% Used Vehicles : 40% of valuation/ Agreement value SECURITY Hypothecation of vehicle Interest rate: SERVICE CHARGES 1. 1.30% of sanctioned limit for Mumbai, Navi Mumbai, Thane, Raigad & Pune area branches. 2. 0.70% of sanctioned limit for Branches other than Mumbai, Navi Mumbai, Thane, Raigad & Pune area branches |