4. Karur Vysya Bank         

Interest Rate: 12.00 Percent

If you are willing to buy your dream car, Karur Vysya Bank offers you loans that are quick and flexible with many attractive features.

The bank will provide a maximum loan amount of 75 lakh with the margin of 15 percent for the new cars and about 25 percent for the old cars.

You will be getting maximum repayment tenure of 84 months for the new car and 60 months for the old car/second hand vehicle.

 The bank will charge some amount as processing fees, for instance 4000 will be charged if you are taking loan of 10 lakhs, and 8000 for loans above ten lakhs.

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