Cosmos Bank Car loan – Interest Rates 2024, Eligibility
Cosmos bank offers car loans for new vehicles at low interest rates & Emi. get quotes on loan rates, eligibility online.
Loan available for purchasing new/used car or two wheeler for personal use. Margin : 10% for new vehicles, 30-40% for used vehicles.
Cosmos Bank Car loan Interest Rates
| Up to Rs.20Lakh |
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| Above Rs.20Lakh |
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A special scheme for Car Loans under different Fixed ROIs. The details of the scheme are as under :-
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Name of the Scheme |
A special scheme for Car Loan |
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Purpose |
For purchasing new Car |
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Loan Amount |
90% of on road price of the Car. |
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Security |
Hypothecation vehicle + Bank’s charge on RC/TC book +PDCs. Comprehensive insurance is necessary with Banks clause. |
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Loan period |
Maximum upto 5 Years |
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Prepayment charges |
NIL |
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Special Aspect |
The Scheme is applicable to those who are purchasing only New Cars. |
Other available products of Cosmos Bank:
✓ Cosmos bank personal loan
✓ Cosmos bank home loan
✓ Cosmos bank Car Loan
