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24th November 2015, 02:26 PM
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Join Date: Apr 2013
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


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