Tuesday, May 27, 2008

Car Loan Comparison

The following are car loans offered by few banks in Bangalore. The information is accurate as on this day - May 22-2008.

Bank NameLoan Amount
( % )
Rate of InterestTime to Sanction LoanDocuments Required
Ex-Showroom On Road 3 Yrs 5 Yrs > 5 Yrs
SBI NA 85 11.5 11.75 12 3 Days Address Proof, ID Proof, 6-months salary statement, 3Yrs ITR, Photo, Bank statment, Price quotation from the dealer.
Indian Bank NA 90 10.5 11 NA 2 Weeks Address Proof, ID Proof, 6-months salary statement, 3Yrs ITR, Photo.
HDFC 92 to 95 NA 11.75 12 NA 5 to 7 Days Address Proof, ID Proof, 6-months salary statement, 3Yrs ITR, Photo, Bank statment, Price quotation from the dealer.

Labels: , ,