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| COMPARE : CAR LOANS |
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| The Saraswat Coop Bank Ltd Car Loan |
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| Introduction |
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| The bank gives loans for new cars but minimum loan amount is Rs 3 lakh. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
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| Ex-Showroom/On Road |
On Road |
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| Loan Amount |
a)Premium mid segment cars – 80% of Ex- showroom cost, insurance & registration charges or for small cars – 90% of Ex- showroom cost, insurance & registration charges.
b)20 times of Net Monthly Salary or 2 times of Net Cash Accruals
a or b, whichever is lower
* while calculating Net Monthly Salary, EMI of loans not deducted from salary should also be considered
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| Tenure |
Min. - 12 months.
Max. - 84 months.
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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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Application Process
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Application Process |
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Documents required:
·Proforma Invoice of the dealer
Photograph, residence proof of the Applicant and Guarantors
In case of salaried person, salary slip for last 3 months or bank statement for last 6 months
·In case of businessman, last 2 years profit & loss and balance sheet and bank statement of business account for last 6 months. |
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Show All Auto Loans
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