Iob Car Loan
Features: The banks vehicle loan product, Phushpaka offers loans for purchase of new and old cars to salaried and self employed individuals.
Processing Fees: upto Rs 2 lakh: Rs 134 (in rural areas) and Rs 168 (in other areas), above Rs 2 lakh: Rs 134 per Rs 1 lakh (in rural areas) and Rs Rs 168 per Rs 1 lakh or part thereof (in other areas)
Prepayment Charges: 1% on principal amount prepaid.
Down-payment: 10%
Max Tenure: 4
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
Indian Overseas Bank - New - Fixed
11.5
11.5
2609
upto Rs 2 lakh: Rs 134 (in rural areas) and Rs 168 (in other areas), above Rs 2 lakh: Rs 134 per Rs 1 lakh (in rural areas) and Rs Rs 168 per Rs 1 lakh or part thereof (in other areas)
| Indian Overseas Bank - New - Fixed | 11.5 | 11.5 | 2609 | upto Rs 2 lakh: Rs 134 (in rural areas) and Rs 168 (in other areas), above Rs 2 lakh: Rs 134 per Rs 1 lakh (in rural areas) and Rs Rs 168 per Rs 1 lakh or part thereof (in other areas) |