State Bank of Patiala Commercial Vehicle Loan

Hi I would like to have the details of the Commercial Vehicle Loan which is offered by the State Bank of Patiala?

[Rajkumar Agarwal]

Firstly I would like to inform you that there is no information available as on 5th July 2016 on the Commercial Vehicle loan by State Bank of Patiala. However the loan offer by State Bank of Patiala for buying a new or used car has been mentioned below.

State Bank of Patiala gives auto credit for obtaining new traveler autos/jeeps/multi utility vehicles (MUVs and SUVs). There is no roof on advance sum. Most extreme advance sum offered by bank is 30 times the net month to month salary/2.5 times the net yearly wage.

Highlights
New Car

Credit Type
Term Loan

Ex-Showroom/On Road
On Road

Credit Amount Maximum sum will be 30 times of the net month to month wage or 2.5 times of the net yearly salary.

Tenure Min. –
12 months.

Max. –
84 months.

Interest Rate
10.45%

Time to Process Loan
7 days

Expenses and charges

Stamp Duty

As Per Actuals

Lawful, Repossession and Incidental Charges

As Per Actuals

Remark on Charges

Edge 15%

Handling charge

0.50% of the advance sum

Concession of 0.50% in relevant handling charge will be given to all

Auto advance borrowers whose applications are gotten on line

Highlights
Used Car

Advance Type

Term Loan

Ex-Showroom/On Road

On Road

Advance Amount

Most extreme sum will be 30 times of the net month to month salary or 2.5 times of the net yearly wage.

Residency

Min. - 36 months.

Max. - 84 months.

Loan cost

16.75%

Time to Process Loan

7 days

Expenses and charges

Stamp Duty

As Per Actuals

Lawful, Repossession and Incidental Charges
0

Remark on Charges

Edge
15%

Concession of 0.50% in appropriate handling expense will be given to all

Auto advance borrowers whose applications are gotten on line