~Subject to provision of all required information and supporting documents on application. ^For purchase of New / Demo vehicles defined as up to 12 months old with under 5000kms. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice. Lending criteria, fees and conditions apply. Different terms, fees or other loan amounts might result in a different comparison rate. Warning: this comparison rate is true only for this example and may not include all fees and charges. *The comparison rate is based on a $30,000 loan over 5 years. Target Market Determinations for this product available. Balloon option available for fixed rate loans for vehicle age 4 years or less upon commencement of loan term. Vehicle age must be 12 years or less upon commencement of loan term. The interest rate is determined with reference to the age of the vehicle, eligibility criteria and the credit assessment, including home ownership. Visit RTO for collecting the new RC Smart Card (sans hypothecation), on the given date.Īfter all these procedures, you will get rightful ownership of the car you had taken on car loan, with the bank ownership cancelled over the vehicle.**Rates as at 9 September 2022 for home owners.Collect receipt of the same, and you can take the Smart Card RC within a few days (date will be specified).To collect the Smart Card RC you need to pay a fee.The changes (if any) will be reflected in the specific form. Our calculator features repayment frequency, balloon payments, loan term. In case any corrections are required in the details, you must get it done. Use our car loan calculator to estimate your repayments on a new or used car loan. Step 4: Process to Receive the RC Smart Card Now collect the ‘Acceptance Form’ that contains details mentioned on the RC. Step 3: Submit the Hypothecation Removal Application Submit the duly filled Hypothecation Removal Application and attach the required set of documents to it ![]()
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