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Old January 28th, 2016, 09:22 AM
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Default pmc bank emi calculator

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  #2  
Old April 25th, 2017, 04:53 PM
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Default Re: pmc bank emi calculator

Hi I would like to have the information abut the auto loan which is provided by PMC bank as well as the details of various aspects of the loan?
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Old April 25th, 2017, 04:53 PM
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Join Date: Aug 2012
Default Re: pmc bank emi calculator

Previously, owning an auto or bike was matter of distinction and image of ones way of life. Because of financial improvement and accessibility of assortment of vehicles in the market, it has turned into a lifestyle. It prompts solace of life and helps a man in his calling and work. It expands ones productivity and salary era limit. Understanding this need of the individual, the Bank has planned an advance plan called "Auto Loan Scheme"

Reason - To buy a four wheeler

Credit Amount - The advance sum takes care of the expense of the vehicle according to receipt, enlistment and one time assess if there should arise an occurrence of new vehicle and understanding worth or market esteem, whichever is lower, in the event of second hand vehicle subsequent to keeping up the recommended edge.

Time of Loan

New Vehicle - Maximum 5 years

Second Hand Vehicle

Auto advance Interest Rate -

Period

for New and Second hand Car/Jeep/Van

Upto 3 years

12.00 % p.a.

Over 3 years to 5 years

14.00 % p.a.

Edge

New Car/Jeep/Van - 10% of receipt Value (Purchased from Authorized Dealer) - + RTO one time charges

Second Hand Vehicle

Make

Upto 2 Years Old

Over 2 and upto 4 Years

BMW and Mercedes

30 %

50 %

Maruti and Hyundai

40 %

50 %

All Other Make

50 %

50 %

Security - Hypothecation of the vehicle to be bought. Ensure - One or two relying upon the extent of credit office

As on 21st April 2017 there has been no information available for the EMI calculator for th loan offered by PMC Bank.
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