Car Loan EMI Calculator
4 Wheeler loan (Passenger vehicle)
Owning a Car has never been so easy & delightful. With our Digital Loan sanction process & customer centric product features, KVB Car Loan has made it possible.
Features and Benefits
- It can be availed by all resident Individuals (except those engaged in a car hiring business).
- The loan is for the purchase of a new or second-hand car (not older than 5 years) which is for business or personal use, except for car hire.
Charges and Limits
| Margin | 10% - For New Cars 40% - For Old Cars (not Older than 5 Years). |
| Maximum Repayment Tenor | 84 Months (New Vehicles) - EMI. 60 Months (Second-hand Vehicles) - EMI. |
| Primary Security | Hypothecation of vehicle purchased out of bank finance. |
| Collateral Security | Optional (NSC / KVP / LIC Policies, Bank Deposits, Land & Building etc.,). |
| Guarantee | A suitable Guarantor with sufficient net worth acceptable to the Bank (preferably spouse or family members or friends). |
| Insurance Coverage for the Borrower | Available to the extent of the loan amount with BAGIC, payable by the borrower. (as per the choice of the borrower). |
| Processing Charges | |
| Loan value up to Rs. 10 Lakhs | Rs. 3,000/- |
| Loan value above Rs. 10 Lakhs | Rs. 7,500/- |
| Other Terms & Conditions |
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Interest Rate
To check all Interest rate: Click here
