BMB Dream Car Loan

Features

  • New/Old Cars (not older than 3 years)
  • Age: Minimum 21 years and maximum 65 years
  • Special concession for women borrowers
  • No pre- payment penalty
  • Interest on daily reducing balance
  • 80% finance of on-Road Price
  • For Tata Motors:10% of On road price
  • Tenure of loan 7 years

Rate of Interest

For interest rate click here

Charges

DESCRIPTION OF CHARGES

NEW CAR LOANS

Foreclosure Charges

Nil,if repaid from own sources
@ 2% of the outstanding amount if taken over by other Banks/FIs

Late Payment Charges

1% of the overdue amount

Processing Fees

0.50% of the loan amount

CIBIL Charges

Rs100/- per individual

Documentation Charges

NIL

Stamp Duty (Non –refundable)

At actuals

Legal ,repossession &Incidental Charges

At actuals

 

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  • Lockers available at our Branches in Mumbai, Raipur, Dehradun, Kanpur, Kolkata, Thiruvananthapuram, Ranchi, Agra, Chennai, Jaipur, Agartala, Alwar, Bengaluru, Chandigarh, Panaji, Gurgaon, Lucknow, Hyderabad, Kochi, Panchkula, Indore, Bhubaneswar, Bhubaneswar, Thane, Najafgarh

  • Lockers available at our Branches in Agartala, Agra, Alwar, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Goa, Gurgaon, Hyderabad, Indore