SBBJ Used Car Loan

I want to purchase used Car and for this I want to take car loan from State Bank of Bikaner and Jaipur so can you please provide me the details of car loan of the bank?

State Bank of Bikaner and Jaipur SBBJ offers Car loan to Purchase of new/Old car/Jeep/MUC/SUV ( Old upto 5 years)

SBBJ Car Loan

Purpose Purchase of new/Old car/Jeep/MUC/SUV ( Old upto 5 years)

Eligibility

i) Salaried employees & Pensioners:

Minimum Net Annual Income (NAI) of 3 Lac for all, whether or not maintaining Salary Package Account with us.

ii) Self employed, professionals and Proprietary / Partnership Firms:

Minimum Net Profit or Gross taxable income of 4 Lakh as per ITR

iii) Agriculturist:

Minimum Net Annual income of 4 Lac

Loan Amount -

30 times of Net Monthly Income or
2.5 times Net Annual Income.
No maximum ceiling for new cars
15 lacs for old vehicles

Margin - 15% on road cost

Repayment - EMI 36-84 months
Repayment to be completed by the time the borrower reaches 70 years

Security -
Hypothecation of vehicle purchased
Hyp. Charge noting with RTO
PDCs for EMI

Processing Fee - Flat 750/- per car loan
** Rs.500/- per Car Loan upto 31.03.2016

Contact-

State Bank of Bikaner and Jaipur,
Head Office, Tilak Marg,
Jaipur - 302005.
Phone: 0141- 5101570
Telefax: 0141- 2227165

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Answered By StudyChaCha Member