Indian Bank Car Loan
Features: The bank offers vehicle loans to salaried class, professionals, businessmen and self employed individuals for purchase of new or old two and four wheelers. The vehicle insurance with the bank is at the borrower's cost and has to be renewed annually.
Processing Fees: 0.30% of the loan amount, Minimum Rs 300.
Prepayment Charges: 2% on principal amount prepaid.
Down-payment: 10%
Max Tenure: 4
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
Indian Bank - New - Fixed
10.25
10.25
2548
0.30% of the loan amount, Minimum Rs 300.
| Indian Bank - New - Fixed | 10.25 | 10.25 | 2548 | 0.30% of the loan amount, Minimum Rs 300. |
Indian Bank - Old - Fixed
11.25
11.25
2597
0.30% of the loan amount, Minimum Rs 300.
| Indian Bank - Old - Fixed | 11.25 | 11.25 | 2597 | 0.30% of the loan amount, Minimum Rs 300. |