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| COMPARE : CAR LOANS |
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| Corporation Bank Car Loan |
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| Introduction |
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| Corporation Bank has a vehicle finance scheme named Corp Mobile that aims to provide you easy loans at affordable rates and a greater value. Bank has set a margin of 15% of cost of the vehicle, which includes Accessories/Registration/Road tax/Insurance charges, for new vehicles. For second hand vehicles which have not completed 3 years from the date of first registration, the margin is 25% of market value certified by the competent valuer. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Corp VehicleSmart |
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| Ex-Showroom/On Road |
On Road |
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| Loan Amount |
Maximum allowable loan amount is Rs 75 lakhs.
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| Tenure |
Min. - 36 months.
Max. - 60 months.
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| Interest Rate |
12.75 % |
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| Time to Process Loan |
7 days |
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| 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 |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
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| Pre-Payment Charges |
0.5 % |
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| Legal, Repossession and Incidental Charges |
As Per Actuals |
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| Comment on Charges |
Margin: 15%
Processing charges:1% |
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Special Offers
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Special Privileges |
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| New Car |
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The rate of interest mentioned is for the first year of the loan. From second year onwards, the interest will be 3.50% above the then prevailing base rate. As per current base rate, the interest from second year will be 11.25%. |
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Show All Auto Loans
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