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Bhopal is the capital of the Indian state of Madhya Pradesh and the administrative headquarters of Bhopal district and Bhopal division. Bhopal is the 16th largest city in India and 134th largest city in the world. It is basically divided into two parts - old Bhopal and new Bhopal.
About Car Finance: Personal Car Finance is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore car finance includes but is not limited to vehicle leasing. These different types of car finance are possible because of the high residual value of cars and the second hand car market, which enables other forms of financing beyond pure unsecured loans.
| Interest Rate (Monthly reducing balance) | 10.5% - 12.75% |
| Processing Fees | Rs. 500 to Rs, 5,000 |
| Loan Tenure | 1 year to 5 years |
| Pre-closure Charges | 2% to 4% on outstanding loan amount |
| Guarantor Requirement | No guarantor required |
Buying car insurance online is actually more safe and cost-effective than the offline method. Click to know more.
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