No longer have to wait buy your dream car because SBI bank provide a great car loan deal with up to 85% finance. No advance EMI, longest repayment tenure (7 yrs) with lowest interest rates. It’s a great deal to 84 months repayment period. For whom which has net annual income up to Rs. 10 lac LTV 85% of “on road price” including registration charges, insurance an extended warranty/ total service package/ annual maintenance contract / cost of accessories. And for Net Annual Income more than RS. 10 lac, 85% on Ex-showroom price or 80% on On road price. For men Interest rates for car loan is 10.45% and for women is 10.40% this interest calculated on daily reducing balance.
WHAT IS THE LOAN AMOUNT?
The maximum loan amount for salaried applicant is 48 times of Net Monthly Income.
For self employed, professionals and partnership is 4 times of Net Profit or gross Taxable Income as per ITR.
For farmer or agriculturist is upto 3 times of Net Annual Income.
WHAT ABOUT THE PROCESSING FEE?
It will be 0.51% of loan amount, min Rs. 1020/- and max 10200/- till 31/12/2014.
DOCUMENTS YOU MUST HAVE?
You must have to submit the following documents along with application form:
· Statement for Last 6 months of your bank account.
· Copy of ID proof like passport/ voter ID/PAN card.
· Address proof.
· Current salary slip showing all deductions.
· Form 16: 2 years for salaried and 2 years for other duly accepted by ITO wherever applicable.
Enjoy the loan services with lowest cost.