V Wheels Carnival

A.   CONTEST PERIOD:

From 1st January to 31st March 2017.

 

B.   ELIGIBLE ACCOUNTS:

Vijaya Wheels (both under priority and non-priority) - New cars and four wheelers only.

 

C. CONCESSIONS/RELAXATIONS AVAILABLE:

 

Particulars

Existing norms

Relaxation/Concession  during campaign period

1.  Margin

15%

10%*

2.  Rate of

     Interest

MCLR 1 year + 0.60% = 10.05% p.a. floating

MCLR 1 Year + 0.80 = 9.45% p.a. (floating).

* 90% finance of ‘on road’ price of the vehicle .

Note:

i.  Vehicle Loans sanctioned to Housing Loan borrowers under V-Combo Scheme shall also be eligible for concessional rate of interest i.e. 9.65% p.a. (floating) as above.

ii. Waiver of processing (upfront fees) and inspection charges which is in vogue under “Vijaya Housing & Vehicle Loan Festival Bonanza” campaign shall be applicable under this campaign also.

 

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