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- customercare@cosmosbank.in
Attractive Features of Vehicle Loan Scheme
1.New/Used VehicleWe offer loan for not only purchasing a new vehicle, but also the old one.
Attractive Features of Vehicle Loan Scheme
1.Maximum AmountWe offer loan amount of 90% of on road price of car.
Attractive Features of Vehicle Loan Scheme
1.Reasonable ROIWe offer reasonable ROI based on the period of loan.
About Car Loan
Car has become one of the most common necessities in modern life. But when it comes to buying your own Car, then it’s just not any other Car or your basic necessity, it’s a sentiment. Every person likes to have a nice, comfortable Car of his/her own choice.
With Cosmos car loan, we make sure that you don’t have to compromise on your favourite car just because of the lack of financial resources. We offer you all the support you need with minimum and affordable interest rates.
Talking points
- Reasonable ROI -
For Loan Up to ₹ 20 Lakhs - 8.90%* Up to 3 Years, 9.25%* For More Than 3 Years Up to 5 Years, 10.50%* For More Than 5 Years Up to 7 Years
For Loan More Than ₹ 20 Lakhs Up to ₹ 100 Lakhs - 10.00%* Up to 3 Years, 10.25%* For More Than 3 Years Up to 5 Years
Loyalty discount for ROI above @8.90% for existing borrowers and depositors (T&C apply). Contact branch for details. - Fast Processing - Easy and immediate processing of the loan
- Documentation - Minimum documentation required for vehicle loan
Loan Specifics
Name of the Scheme - A special scheme for Car Loan
Purpose - For purchasing new car
Special Aspect - The Scheme is applicable to those who are purchasing only new cars
ROI -
For Loan Up to ₹ 20 Lakhs -
8.90%* Up to 3 Years, 9.25%* For More Than 3 Years Up to 5 Years, 10.50%* For More Than 5 Years Up to 7 Years
For Loan More Than ₹ 20 Lakhs Up to ₹ 100 Lakhs -
10.00%* Up to 3 Years, 10.25%* For More Than 3 Years Up to 5 Years
Loyalty discount for ROI above @8.90% for existing borrowers and depositors (T&C apply). Contact branch for details.
Amount - 90% of on road price of the car
Charges -
Loan Amount | Percentage Of Charges
Up to Rs. 10 Lacs | 0.50%* of loan demand + Sr. Tax
Above Rs. 10 Lacs | 0.40%* of loan demand + Sr. Tax
Security - Hypothecation car + Bank’s charge on RC/TC book +PDCs.
Comprehensive insurance is necessary with Bank’s clause.