www.csb.co.in : Catholic Syrian Bank Car Loan

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Welcome to Catholic Syrian Bank
The genesis of Indian Banking is associated to a large extent with Swadeshi Movement, which inspired many Indians to promote Swadeshi Banks in the beginning of the 20th Century. The enterprising founders of Catholic Syrian Bank Ltd also found this period an opportune moment to promote the establishment of a bank. Thus was born The Catholic Syrian Bank Ltd , Nine decades ago, on 26th November 1920 to be exact at Thrissur,which in later years acquired the unique distinction of being a centre with the highest concentration of banks in the South. The founder directors of the bank were people of eminence known for their foresight, integrity and initiative.

http://www.csb.co.in/asp/0100text.as...=173&headID=15

Car Loan Scheme
For acquiring Car, Van, Jeep etc. for personal use.

Eligibility
For persons having assets and income enough for regular repayment of the advance. Documentary evidence of income should be submitted.

Quantum of Finance
80% of Invoice Value and road tax. Invoice Value includes Excise duty, Sales tax etc. but excludes insurance, registration and other incidental charges.

Rate of Interest
11.50% to 12.50%

Security
Hypothecation of the Vehicle.

Guarantee
One person with good means, if collateral security is not offered or undertaking for salary deduction is not available. Guarantee of spouse should be given preference.

Loans and Advances to NRIs
The following types of loans are available to NRIs
** Against their own term deposists with the Bank for purposes other than investment in India on non-repatriation basis and for acquiring flats/houses in India.Loans/overdrafts can be extended to residents against the term deposits of NRIs.
** Against shares and other securities and immovable property(other then agricultural or plantation property or farmhouse)for meeting their personal requirements or own business purposes other than agricultural/plantation activities
** Loans against Resurgent India Bonds(RIBs) for peronal requirements or own business purpose other than agricultural/plantation activities
** Housing Loans for acquiring /repairs/renovation/modernisation

Contact Us :
Catholic Syrian Bank
603, Ifb Tarapore Tower,
Mount Road,
Chennai

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