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KAL VEHICLE LOANS - EMI
Eligibility
Any individual or businessman can avail this loan depending
upon his/her needs. Loan is given for personal use only and not for
the commercial
use.
Loan
Amount
Maximum
Rs. 50,000/- on the
basis of equated monthly installments.
Value of the vehicle shall include
RTO tax, Sales Tax, Octroi, Insurance, HPA but
shall not include cost of additional accessories.
Margin
- 20 % of the Invoice value.
Rate
of interest (Effective from 25/06/2007)
- Presently the rate of interest is 14%
for 2 wheeler and 12.50% for others.
- Bank can change this rate on a time to
time basis.
Duration
of Loan
Other
Terms
- One installment will have to be paid
in advance / before disbursement of the
loan.
- Insurance of the vehicle will have to be
taken in the name of the Bank.
Please contact
your nearest branch for further
information.
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