Financing Product on Variable Rates (Only for Locally Assembled/Manufactured Vehicles) | 2 Years | 3 Years | 4 – 5 Years | 6 – 7 Years (only for vehicles upto 1000 CC) |
---|---|---|---|---|
Brand New Vehicles | 1 Year KIBOR + 3.50% | 1 Year KIBOR + 4.00% | 1 Year KIBOR + 4.50% | 1 Year KIBOR + 5.00% |
Used Vehicles | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% |
Brand New Semi Commercial Vehicles | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% | -NA- |
1 Year KIBOR rate on the 1st of the month will be used to determine the rate for the entire month. 1% additional Markup for Deferred Insurance & Registration Financing