This Festive Season _Some Lenders Have Waived Processing Fee

Lookout for more such offers during this festive season:

 Interest rates on new car loans start from as low 8.4 percent and go as high as 12.25 percent.
 On a loan of INR 9 Lakh taken for tenure of five years at 8.4 percent, the borrower would pay an EMI INR
18,422. His total interest cost would be INR 205,292.
 If the borrower were to take the same loan at a rate of 12.25 percent, his EMI would be INR 20,134. The total
interest cost he would pay would be INR 308,033.
 In other words, his interest burden would rise by as much as INR 102,741.
 This example underlines the importance of comparing rates of different players.
 Having a good credit score can also help. Players like Bank of Baroda will charge you zero of a lower strategic
premium if you have good score.
 With the onset of the festival season, many players have reduced their processing fees on this loan. Some have
even waived it altogether.

Bank Interest Rate(%) Processing Fees Maximum

Tenure (Yrs)
MCLR-Linked Rate
State Bank of India 8.90 - 12.25 Nil till October 31, 7
2019
HDFC Bank 9 – 10.25 INR 3,000 – 10,000 7
Axis Bank 9.05 – 11.30 INR 3,500 – 5,500 8
Bank of Baroda 8.40 - 10.40 INR 500 till Dec. 7
31,2019
Union Bank of India 8.60 – 8.85 Upto 1,000 7
Canara Bank 8.70 – 9.35 INR 1,000 – 5,000 7
Bank of India 8.95 – 9.55 Nil till Dec. 31, 2019 7
UCO Bank 8.60 – 8.85 1% of loan amount 7
Punjab National Bank 8.90 – 9.35 Up to INR 5,000 7

REPO Rate Linked Rates

Union Bank of India 8.60 – 8.75 Up to INR 1,000 7
Punjab National Bank 8.65 – 9.10 Up to INR 1,500 7
Bank of India 8.85 – 9.45 Nil till Dec. 31, 2019 7

For further query you can connect with RD Finance Services.

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Mob.no. 9891235790
Email Id: delhireal009@gmail.com