| Karur Vysya Bank Car Loan |
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| Introduction |
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| The bank offers loans for purpose of buying both new as well as used cars. The loan can be used by Individuals, proprietorship, partnerships and corporates (except those engaged in a car hiring business). |
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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 loan amount is Rs. 75.00 Lacs.
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Maximum loan amount is Rs. 75.00 Lacs.
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| Tenure |
Min. - 12 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 60 months.
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| Interest Rate |
12 % |
14.25 % |
| Preferred Manufacturers |
Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha |
Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha |
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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 |
Margin: 115%
processing charges:Rs.4000.00+ST for Loans up to Rs.10.00 Lakhs
Rs.8000.00 +ST For loans above Rs.10.00 Lakhs |
Margin: 25%
Processing charges:
Rs.4000.00+ST for Loans up to Rs.10.00 Lakhs
Rs.8000.00 +ST For loans above Rs.10.00 Lakhs |
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Special Offers
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Special Privileges |
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| New Car |
Insurance Coverage for the Borrower
Available to the extent of Loan amount with BAGIC, payable by the Borrower. (As per choice of the Borrower) |
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| New Car |
Insurance Coverage for the Borrower
Available to the extent of Loan amount with BAGIC, payable by the Borrower. (As per choice of the Borrower) |
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