Amco Bank Loan

What are the advantages of car loan at Ahmedabad Mercantile Co-op. Bank ? Also provide information regarding the interest rates .

[Quick Sam]

Ahmedabad Mercantile Co-op. Bank provides car loan at following interest rates .

Interest Rates –
New Car Loan
(Upto Rs. 25/- Lacs)
Interest Rate : 11.00%

Old Car Loan (Resale)
Interest Rate : 13.00%

Other Details

1. Age : 21 - 65 Years

2. Repayment : Maximum up to 5 years

3. Margin : 20% and not on a monthly reducing balance.

Advantage of Car Loan Finance –

1. Fixed for first 36 month thereafter floating

2. Flexiblility of Clubbing Family Income for Loan Eligibily.

3. ON ROAD cost Finance Available (Cost of Car + Octroi Charges + RTO Charges + Insurance Charges + Accessories Costs All incuded in loan amount)

4. Interest Application on a DAILY REDUCING BALANCE and not on a monthly reducing balance.

5. No processing charge upto 25/- lacs and above 25/- Lacs 0.25% of sanctioned limit

6. Flexibility of making payment more than EMI.

7. Share Linkage : 2.50% of Loan Amount - Maximum Rs.50000/-

8. No Advance EMI Last EMI amount significantly Lower

9. No Pre-Payment Charges.

10. No hidden cost or administrative charges.

11. Processing Time : 1 to 2 days (after receipt of all the papers)

12. Easy and hassle free processing.

13. Completely transparent system & procedure.

I want to get information about the Amco Bank Types of Loan as well as information about the Car loans. So here can you provide me information about it?

[Quick Sam]

If you want to know about the Amco Bank Types of Loan as well as information about the Car loans, then here I am telling you about it as you want.

Amco Bank Loan;

Types of loans;
CAR LOAN
EDUCATION LOAN
HOME LOAN
DOCTOR'S LOAN

VEHICLE LOAN
CAR Loan

NEW CAR Loan (Upto Rs. 25/- Lacs)
Up to 60 Months
Interest Rate : 9.75%

Above 60 Months to 84 Months
Interest Rate : 10.50%

USED CAR Loan (Not more than 2 years old)
Interest Rate : 13.00%

Terms & Condition
(upto Rs.25/- Lacs) Installment not more then 60 months DSCR for borrow not below 1.75

New Car Loan - 80% on Purchase price (On Road)

Old car is not more than 2 years from purchase date, loan will be sanctioned 50% on valuation certificate

Two Wheelers / CNG Riskshaw and Other Commercial Vehicles
Interest Rate : 12.00%



ADVANTAGE OF CAR LOAN FINANCE WITH US
.Fixed for first 36 month thereafter floating

.No Advance EMI Last EMI amount significantly LOWER

No Pre-Payment Charges.

.No hidden cost or administrative charges.

.Processing Time : 1 to 2 days (after receipt of all the papers)

.Easy and hassle free processing.

.Flexibility of making payment more than EMI.


.Interest Application on a DAILY REDUCING BALANCE and not on a monthly reducing balance.

.ON ROAD cost Finance Available (Cost of Car + Octroi Charges + RTO Charges +
Insurance Charges + Accessories Costs All incuded in loan amount)

Flexiblility of Clubbing Family Income for Loan Eligibily.

No processing charge upto 25/- lacs and above 25/- Lacs 0.25% of sanctioned limit

.Share Linkage : 2.50% of Loan Amount - Maximum Rs.50000/-
Completely transparent system & procedure.

OTHER DETAIL
1. Age : 21 - 65 Years
2. Margin : 20% and not on a monthly reducing balance.
3. Repayment : Maximum up to 5 years
4. Please check for prevailing rate of interest.



For more information, please contact;

HEAD OFFICE
Address :
AMCO HOUSE' Nr. Stadium Circle, Navrangpura, Ahmedabad:380009.
Time :Mon.to Sat.: 10:30 TO 06:30
(Except 2nd & 4th Sat.)
Contact :26426582,26426584,26426588
Fax : 079-26564863
Emailamcobankad1@rediffmail.com