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Auto Loans
Indian Bank autocityindia.com
Scheme Name : Pushpaka Loan Scheme
Eligibility : Minimum Age (Yrs): 21 Maximum Age (Yrs): 60
Other Eligibility

20 times gross monthly income / salary subject to a maximum of Rs. 5,00,000 for four wheelers. (Minimum gross monthly income / salary for purchase of car is Rs.20,000) . Income of spouse can also be included for the purpose of eligibility criteria. In such cases the personal guarantee of the spouse should be obtained.

Loan Slab
Min. Amount(Rs.) Max. Amount(Rs.) Min. Period(Yrs) Max. Period(Yrs) Interest Rate(%) Max. Finance(%)
NA 500,000 1 5 14.5 100
List of Cars financed by INDIAN BANK
FEES/CHARGES
Processing Fee : NULL
Advance Payment : NULL
Other Upfront Payment : 250
Prepayment charge : NA
DOCUMENTATION / SECURITY
Documentation : Not Available
Guarantors : Not Available
Security

Hypothecation of Vehicle proposed to be purchased.

Exceptions : Not Available
OTHER INFO.
Basis : Quarterly Reducing balance
Repay Method

Repayable in 60 Equated Monthly Instalments (Repayment to commence from two months after the disbursal of loan) .
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