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| COMPARE : CAR LOANS |
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| Bank of Maharashtra Car Loan |
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| Introduction |
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| Bank of Maharashtra offers car loan for new cars/jeep and 2 wheelers. You can take loan for second hand four-wheeler, but it should be up to 3 years old. The minimum ceiling for 2 wheelers is Rs 1.00 lakh and for 4 wheelers it is Rs 25.00 lakh the margin for new vehicle is 10%. For second hand 2 wheeler and the 4 wheelers the maximum repayment period is at 60 months. The total deduction including proposed loan installment should not exceed 60% of gross income. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
Maximum allowable loan amount is Rs 15 lakhs.
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The maximum allowable loan amount is Rs 15 lakhs
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| Tenure |
Min. - 36 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 60 months.
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| Interest Rate |
12.95 % |
15.7 % |
| Time to Process Loan |
7 days |
7 days |
| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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| Comment on Charges |
Processing charges: Rs 2000
Margin: 15% |
Processing charges: Rs 2000
Margin: 50% |
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Special Offers
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Special Privileges |
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| New Car |
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Compulsory insurance |
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| New Car |
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compulsory insurance |
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Show All Auto Loans
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