Gift to shareholders of the Bank will be disbursed between 10/11/2011 and 05/12/2011 from bank's Ayojannagar Branch premises

Bank’s Vehicle Loan Scheme

 

  • » Loan upto 90 % of Cost of Vehicle (ex-showroom price plus RTO Tax & Insurance)
  • » Industry wise lowest Interest Rates
  • » New Vehicle 11.50 % p.a. * on reducing balance
  • » Used Vechicle 13.00 % p.a. * on reducing balance
  • » Fixed Interest rate throughout the loan period
  • » No Processing Charges
  • » No any hidden Charges
  • » No Pre-payment Charges
  • » Loan for 12 months to 60 months period
  • » Quick Disposal
  • » Minimum paper work

 

* Interest rate subject to change at the discretion of the Bank

 

GENERAL RULES/REGULATIONS OF THE BANK

  • » For loans above r 1.00 lac, bank’s shares as per rbi directive, will have to be puchased by the applicant. At present @ 2.5% of the sanctioned loan amount.
  • » Rate of interest is subject to change as decided by the board of directors from time to time.
  • » Applicant will submit the loan application in the bank’s prescribed forms along with all the required papers / documents.
  • » (a) No pre-payment/fore closure charges as per present rules of the bank.

    (b) No change in interest rates on the sanctioned term loan during the entire currency of the loan.

    (c) Interest will be calculated and applied on the last day of the month.

    (d) No processing fee will be charged.

  • » Bank reserves the right to sanction/decline the loan application.
  • » Bank reserves the right to revise any of the terms of any of the loan schemes.

 

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