KBL Car Loan Schemes – Interest Rates EMI Calculator
Find the best interest rates on Karnataka Bank car loan schemes. Get details on Documents, EMI, Eligibility at Deal4loans.com
Who is Eligible for Car loans at Karnataka Bank Ltd?
- An individual who is an income tax assessee.
- A company / firm/ trust/ association/societies availing the loan in its name or in the name of its executive / managing director / managing partner/managing trustee/president/secretory.
- NRIs are also eligible.
Interest Rates on Car loans 2018
| KBL– Car Finance |
Latest Interest Rates |
|
| Cars Loans(KBL Car Finance) |
10.45% |
|
| Old vehicles upto Rs. 20.00 lakhs |
14.45% |
|
Purpose of Loan: Purchase of new vehicle / second hand vehicle not older than 3 years from the date of its registration.
Amount of Loan:
- Upto 85% of the invoice value excluding road tax and insurance for new vehicles.
- Maximum of Rs.15 lakh in the case of second hand / used vehicle.
Period: Upto 60 months (new vehicle) and 34 months (second hand vehicle).
Security:
- Hypothecation of vehicle to be purchased.
- Third party co-obligation / guarantee in the case of individual.
Available Products of Karnataka Bank:
✓ Karnataka Bank Personal Loan
