The Mapusa Urban Coop Bank Of Goa Ltd Car Loan Interest Rate at 12.50% to 15%
| INTEREST RATE | 12.50% to 15% |
| LOAN TENURE | Max. 60 EMI |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
About The Mapusa Urban Coop Bank Of Goa Ltd
The Mapusa Urban Coop Bank Of Goa Ltd is a Co-operative bank in india. It has headquarter in Mumbai.
The Mapusa Urban Coop Bank Of Goa Ltd was founded on 12-09-1965. It has 23 branches andIt provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about The Mapusa Urban Coop Bank Of Goa Ltd which includes The Mapusa Urban Coop Bank Of Goa Ltd Official Website, The Mapusa Urban Coop Bank Of Goa Ltd ATMs accross the India, The Mapusa Urban Coop Bank Of Goa Ltd Branches accross the India, The Mapusa Urban Coop Bank Of Goa Ltd Contact Numbers, The Mapusa Urban Coop Bank Of Goa Ltd official EmailID, The Mapusa Urban Coop Bank Of Goa Ltd Headquarter and The Mapusa Urban Coop Bank Of Goa Ltd Headquarter Address. Find The Mapusa Urban Coop Bank Of Goa Ltd Car loan purpos, Eligibility, Margin, Repayment of Car Loan ,Security, Documents Required for Car Loan from below.
Other Products of The Mapusa Urban Coop Bank Of Goa Ltd:
| Home Loan | Personal Loan |
| Education Loan | Business Loan |
| Car Loan | Two Wheeler Loan |
| Gold Loan | FD Interest Rates |
| RD Interest Rates | Bank ATMs |
| PPF Account |
The Mapusa Urban Coop Bank Of Goa Ltd Car Loan Purpose
Purchase of New Four Wheeler and Used Four Wheeler (Vehicle should not be more than 5 years old).The Mapusa Urban Coop Bank Of Goa Ltd Car Loan Eligibility
- Age: 21 to 60 years.
- Permanent employees of State/Central Govt., Public Sector Undertakings, Corporations, Private Sector Companies and reputed establishments.
- Professionals, self-employed and others who are income tax assessees and persons engaged in agriculture and allied activities.
The Mapusa Urban Coop Bank Of Goa Ltd Car Loan Documents Required
- Applicant's latest photograph.
- Age Proof- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- KYC (Know Your Customer) Documents.
- Identity Proof (any one): Voter's ID, PAN card, driving license, passport.
- Address Proof (any one): Voter's ID, PAN card, driving license, passport, electricity bill, telephone bill or ration card.
- Income Proof (any one): Latest salary slip, previous year's Form 16, bank statement for the last 6 months.
- Bank Statement or Bank Pass Book of having entries of last 6 months
The Mapusa Urban Coop Bank Of Goa Ltd Car Loan Amount
Need based loan.Upto 80% of quotation price.
Eligibility subject repaying capacity.
Margin
25% of quotation price from dealer (For New vehicle)50% for Second Hand Vehicle - (Not more than 5 years)
The Mapusa Urban Coop Bank Of Goa Ltd Car Loan Repayment
New Vehicle - 5 years to 7 yearsSecond Hand Vehicle - 5 years
Security
Hypothecation of vehicle purchased.Two Guarantors
Tips to Manage Car Loan in a Better Way
(1) Make Proper Schedule for EMIs to be paid
You must make a proper schedule for payment of your EMIs in time and without any hassle or burden.
(2) Never Skip any Payment
Automatic transfer from your bank account is the best option that will make sure that the EMIs are paid every month without fail. In this way, none of the EMIs will skip. This will also help improving your credit score.
(3) Keep Loan Tenure Small
You must keep the car loan tenure as small as possible if your finances permit. It will be beneficial for you in two ways. First, you will get rid of loan in an early manner and second, your interest outgo will be very less as compared to longer tenure car loans.
(4) Make one Extra Payment Every Year
You must try to make an extra payment of loan amount each year. You can do so when you receive any funds like bonus etc. It will reduce your loan tenure or EMIs.
(5) Refinance your Car Loan
You must keep watching other institutions who are offering car loans and their interest rates. If other institution is offering you a car loan at lower interest rate, it would be beneficial to get your car loan refinanced from that institution.
Benefits of Car Loan
- Higher Loan Amount: Banks offer you a car loan of up to 80-100% of the on-road price of the car in case of new cars. The on-road price of a car includes the ex-showroom price, state government tax and insurance cost of the car.
- No Need to Liquidate your Investments: If you avail car loan then there is no need to liquidate your investments which you have made for some other purposes.
- Flexible Tenure: You can go for any loan repayment tenure ranging from 1 year to 7 years according to your choice.
- Tax Benefits: Car Loan can help you save on tax if you are a self-employed person/ businessman and use the car for legitimate business purposes. If you are a self-employed person/ businessman, you can claim the interest paid on car loan as a business expense. In this way, your taxable income will get reduced by the amount of interest you have paid in a financial year on car loan.
Contact details of The Mapusa Urban Coop Bank Of Goa Ltd, The Mapusa Urban Coop Bank Of Goa Ltd SMS balance check number, The Mapusa Urban Coop Bank Of Goa Ltd SMS banking, The Mapusa Urban Coop Bank Of Goa Ltd mobile banking, The Mapusa Urban Coop Bank Of Goa Ltd toll free number,The Mapusa Urban Coop Bank Of Goa Ltd toll free number 24*7, The Mapusa Urban Coop Bank Of Goa Ltd miss call number.
- CONTACT NUMBERS - 0832-2250901/02, 22623203, Fax : 0832-2262427
The Mapusa Urban Coop Bank Of Goa Ltd Contact Details
- BANK OFFICIAL WEBSITE - https://mapusaurbanbank.com
- CONTACT NUMBERS - 0832-2250901/02, 22623203, Fax : 0832-2262427
- EMAIL ID - [email protected]
- TOTAL BRANCHES - 23
- HEADQUARTER - Mumbai
- BANK ADDRESS - Nandadeep,Mapusa,Dist-Bardez,Goa. Pincode-403507
The Mapusa Urban Coop Bank Of Goa Ltd Car Loan FAQs Car Loan Document Required
