Navi Mumbai is a beautiful city in Thane district to the Northeast of Mumbai.It was founded in 1971 as a satellite township to take the pressure off Mumbai city. Most of the software companies in Maharashtra have their offices in Navi Mumbai. The government of Maharashtra has set up software parks to cater to the growing demand. Many large institutions have their offices 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|
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