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Under the Car OD schemes, what is the Loan to Value ratio against the cars for setting up the limit?

April 26, 2017car cars limit loan od ratio Schemes setting value

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Under the Car OD schemes, what is the Loan to Value ratio against the cars for setting up the limit?

1 Answer

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10 Posted

The customer can get a limit of upto 60 to 80% of valuation of car depending on the car model and his income. What is the tenure for the Car OD facility? The Car OD facility is given for a period of one year and can be renewed for one more year. The renewal is at the sole discretion of the Bank.