Karnataka bank offers car finance scheme for the purchase of new car. Bank gives loan up to 85% of the invoice value excluding the vehicle tax and insurance. Bank also gives loan for purchasing second hand cars that are up to three years old.
Highlights
New Car
Used Car
Loan Type
Term Loan
Term Loan
Ex-Showroom/On Road
On Road
On Road
Loan Amount
Min. - Rs 50000
Max. - Rs 85
Min. - Rs 50000
Max. - Rs 85
Tenure
Min. - 12 Yrs.
Min. - 12 Yrs.
Interest Rate
11 %
16 %
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