Loans are generally available for a tenure of 12 months to 84 months or
even more. Tax Benefits: According to the Income Tax Act of 1961.
The car you always desired can be yours now! You no more need to save your earnings to purchase the car of your dreams. The Meenachil Cooperative bank provides customized vehicle loan you need to purchase your car.
We offer car loans up to 85% of the on-road price of the car!
| Slab | Interest Rate |
|---|---|
| Upto and inclusive of Rs. 50,000/- | 10 % |
| Rs. 50,001/- to Rs. 5,00,000/- | 11 % |
| Rs. 5,00,001/- to Rs. 20,00,000/- | 11 % |
| Rs. 20,00,001/- to Rs. 50,00,000/- | 11% |
| Above 50,00,000/- | 11% |
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