If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
The orange city, Nagpur is the commercial and political centre in the state of Maharashtra.One of the fastest growing cities in the country, Nagpur is a tough competition to all the other metropolises, as the city is here to set top global standards. The fact that the city has a literacy rate of 93.3% goes to show the kind of progress that is happening here.
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 |
| Check For Latest: Gold Rate in Nagpur Or Silver Rate in Nagpur |
When buying a vehicle, don’t forget to buy insurance as well. Also remember to carry your car policy when driving!
GST of 18% is applicable on all banking products and services from the 1st of July, 2017.
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