Catholic Syrian Bank Car Loan | Interest Rates | Eligibility

Catholic Syrian Bank Car Loan Scheme

For acquiring Car, Van, Jeep etc. for personal use.

Eligibility 
For persons having assets and income enough for regular repayment of the advance. Documentary evidence of income should be submitted.

Quantum of Finance 
80% of Invoice Value and road tax. Invoice Value includes Excise duty, Sales tax etc. but excludes insurance, registration and other incidental charges.

Rate of Interest 

11.50% to 12.50%

Security
Hypothecation of the Vehicle.

Guarantee 
One person with good means, if collateral security is not offered or undertaking for salary deduction is not available. Guarantee of spouse should be given preference.