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ING Vysya Bank – Current Car Loan Interest Rates



ING Vysya Bank Limited – Current Auto Loans or Car Loans Interest Rates

New Delhi (Delhi, India), January 21, 2016

ING Vysya Bank Limited Cuts Auto Loan Interest Rate to 11.50% Per Annum

The ING Vysya Bank Limited (now merged with Kotak Mahindra Bank Limited) has decreased its new car loan interest rates by 0.25 percent, or 25 basis points with effect from Monday, October 05, 2015.

ING Vysya Bank Limited has revised its minimum new car loan interest rate from 11.75 percent to 11.50 percent per annum for up to 84 months loan tenure and minimum used car loan interest rate from 17.25 percent to 17.00 percent per annum for up to 60 months loan tenure.



ING Vysya Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail auto loans for buying their new or used cars.

ING Vysya Bank Limited Car Finance – Current Auto Loan Interest Rates for New Cars

ING Vysya Bank New Car Loan Interest Rate: 11.50% to 13.50% Per Annum
ING Vysya Bank New Car Loan Rate of Interest is Floating or Fixed: Fixed
ING Vysya Bank New Car Loan Processing Fee: 2.00% of the Loan Amount (Minimum Rs. 3,300 plus Service Tax Maximum Rs. 4,750 plus Service Tax)
ING Vysya Bank New Car Loan Documentation Charges: Rs. 300 plus Service Tax
Quantum of ING Vysya Bank New Car Loan: Up to 90% of the Car Value (Minimum Rs. 75,000)
Minimum Tenure for the ING Vysya Bank New Car Loan: 1 Year
Maximum Tenure for the ING Vysya Bank New Car Loan: 7 Years
Minimum Age Limit for the ING Vysya Bank New Car Loan: 21 Years at the Time of Loan Commencement
Maximum Age Limit for the ING Vysya Bank New Car Loan: 58 Years (Salaried) and 65 Years (Self-Employed) at the Time of Loan Maturity
ING Vysya Bank New Car Loan Pre Closure Charges or Prepayment Penalty: 5.75% of the Principal Outstanding plus Service Tax
ING Vysya Bank New Car Loan Part-Payment Penalty or Charges: 3% of the Part-Payment plus Service Tax
Guarantor Requirement: No Guarantor Required

ING Vysya Bank Limited Pre-owned Car Finance – Current Auto Loan Interest Rates for Used Cars

ING Vysya Bank Used Car Loan Interest Rate: 17.00% to 20.00% Per Annum
ING Vysya Bank Used Car Loan Rate of Interest is Floating or Fixed: Fixed
ING Vysya Bank Used Car Loan Processing Fee: 2.00% of the Loan Amount (Minimum Rs. 3,300 plus Service Tax)
ING Vysya Bank Used Car Loan Documentation Charges: Rs. 200 plus Service Tax
Quantum of ING Vysya Bank Used Car Loan: Up to 90% of the Car Value (Minimum Rs. 75,000)
Minimum Tenure for the ING Vysya Bank Used Car Loan: 1 Year
Maximum Tenure for the ING Vysya Bank Used Car Loan: 5 Years
Minimum Age Limit for the ING Vysya Bank Used Car Loan: 21 Years at the Time of Loan Commencement
Maximum Age Limit for the ING Vysya Bank Used Car Loan: 58 Years (Salaried) and 65 Years (Self-Employed) at the Time of Loan Maturity
ING Vysya Bank Used Car Loan Pre Closure Charges or Prepayment Penalty: 5.75% of the Principal Outstanding plus Service Tax
ING Vysya Bank Used Car Loan Part-Payment Penalty or Charges: 3% of the Part-Payment plus Service Tax
Guarantor Requirement: No Guarantor Required

ING Vysya Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of ING Vysya Bank Limited


1 comment

  1. Parinita Kalita

    I would like to have NOC for my car auto loan no. AL530036217. Please send it to my e-mail ID. Thanks.

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