Car Loan

Car Loan

Purpose

For purchase of 4 wheeler for private use only.

Eligibility

Salaried Employees/Businessmen having regular source of income.

Security

Hypothecation of Vehicle

Margin

Minimum of 10%

Rate of Interest


Purpose Tenure Rate Of Interest
For purchase of new car for own private use
margin 10% on ex-showroom price/on road price on case to case basis 		Upto 3 years 8.35% p.a. at monthly rest
>3 yrs to 5 yrs 8.75% p.a. at monthly rest
>5 yrs to 7 yrs 9.25% p.a. at monthly rest
For purchase of pre-owned car for own private use repayment within 7 years of the vehicle 10.50% p.a. at monthly rest
** In case CIBIL Score is less than 700 upto 650 additional 0.5% to be levied.

 

The above rates are applicable only to new loans sanctioned on or after 01.07.2025

For further details about the scheme you may visit  any of the Branches or call Branch Manager.

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In case of any grievances or complaints, please Call us on 18002331024 or write to us

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Goa Urban