The capital city of the state of Jharkhand, Ranchi has a lot to boast about. It is a city with an urban format that caters to the growing needs of the city.Since the separation of the state, the city of Ranchi has adopted an open attitude to welcoming new industries and encouraging trade and commerce.The population of the city is on a steady increase and now that the city is well connected with other major parts of the country, there is a trend suggesting migration from nearby locations. A major healthcare hub for nearby towns and a strong contributor to the nation’s economy, Ranchi has definitely made its way up the ladder.
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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