Learn more about our Car Loan under Retail Loan Products.
Our car loan scheme is among the popular of all the retail loan schemes since it offers quick processing of loans for the purchase of new cars at low interest rates and simple documentation and conditions.
For a Car Loan of Rs. 5,00,000 repayable in 60 equal monthly instalments at an interest rate of 10.75% p.a., the equated monthly instalment (EMI) payment shall be around Rs. 10,808.98. Click for Monthly Amortization Chart.
All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the Bank. Goods & Service Tax (GST) on All Service Charges extra wherever applicable.