Pondicherry State Co-operative Bank NRI Car Loan
The demand for NRI Car Loans has increased in the recent past as more and more people are shifting abroad. NRI means non-resident Indians i.e. they are Indians living in foreign countries. With an increasing number of NRI’s, there is increasing demand for NRI Car Loans. NRIs need car loans and to fulfill their desires, we have come up with NRI Car Loans.
Pondicherry State Co-operative Bank NRI Car loan Interest Rates
Pondicherry State Co-operative Bank NRI Car loan Features
- Age limit: An individual must be between the age of 21-65 years.
- Loan Quantity: The maximum amount varies but it offers 80-100% value of the ex-showroom price of the car.
- Tenure: The maximum period can be 7-8 years and the minimum being 5 years.
- Repayment Method: NRI’s can repay through their NRE or NRO accounts. Even a close relative residing in India can repay.
- Interest Rate: Interest rates start at 7.2%.
Pondicherry State Co-operative Bank NRI Car loan Eligibility
Pondicherry State Co-operative Bank NRI Car loan Documents required
Apply for Pondicherry State Co-operative Bank NRI Car Loan with Dialabank
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FAQs on Pondicherry State Co-operative Bank NRI Car Loan
✅ What interest loans does Telangana Grameena Bank offers on NRI Car Loan?
Telangana Grameena Bank NRI Car Loan has interest rates in the range of 6.50% to 20%.
✅ What will happen if I don’t repay the EMI for a month?
You’ll need to pay a penalty for not paying your EMI, and your credit score will drop a few points.
✅ What are the different methods of loan repayment?
You can repay the amount through your NRO or NRE accounts. If you don’t have it, your close relative who is also Indian can repay the loan through the EMI method.