Corporation Bank Car Loan Interest Rate 2018 ✔ Corporation Bank Car Loan EMI Calculator ✔ Check Eligibility ✔ Instant 5 Min Approval ✔ Apply Online Now.
Eligibility – for Corp bank Car Loan
Individuals [Professionals/Businessmen/ Salaried class and others] NRIs, Sole Proprietorships, Partnership Firms, HUFs, Companies, Trusts/ Institutions are eligible.
|Interest Rates||8.90% – 9.40%|
|Processing Fees||0.50% onwards of loan amount|
|Lowest EMI||Rs.1603 / Lakh|
|Min. Income||Rs.12000 per month|
|Loan Repayment||7 years|
|Security||Hypothecation of the vehicle financed.|
|Loan Margin||Upto 85% Finance|
|Loan Amount||Maximum upto 5 Crore finance|
|Two wheeler loan interest rates||12.35%|
Main applicant shall have income.
Income of the spouse/close relative/s can be included if they join as Co-applicants to supplement repayment capacity.
In case of Company/Firm/Trust, Directors/Partners/Trustees having regular/ independent income can join as co- applicant/s to supplement repayment capacity.
In case of salaried class, applicant/co applicant must be confirmed in the service.
For 2 & 3 wheelers :Applicants to have a minimum NET annual income of Rs.0.50 lakhs.
For Four wheelers :Applicants to have a minimum NET annual income of Rs. 1.20 lakh.
Cash accruals/Depreciation also added to income, in case of borrowers other than salaried class.