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Rate of Interest : Car Loan

For new car loan ,rate of interest is 10% to 12.5% reducing .

For used car loan ,rate of interest is 16% to 19% reducing .
Rate if interest depends on various factors i.e loan amount,banks,company caterosition and salary also.

1.% of loan amount .also,service tax is applicable on this processing fees i.e 14%.

3% to 4 % of outstanding loan amount .

Hdfc bank ,reliance money,indiabulls,om kotak ,tata  capital .

7 working  days

Rs 1 lacs to 50 lacs .

Insurance  is mandatory in some banks to cover the liability of loan through insurance so that  the liability of loan  is not bearing with  family of person taking loan .

12 MONTHS TO 60 MONTHS .

 
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