Personal Car Finance is a complete sub sector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase
Pune Car Loan Interest Rates
| Interest Rate (Monthly reducing balance) | 10.5% – 12.75% |
| Processing Fees | Rs. 500 to Rs, 5,000 |
| Loan Tenure | 1 year to 5 years |
| Pre-closure Charges | 2% to 4% on outstanding loan amount |
| Guarantor Requirement | No guarantor required |
Pune Car Loan
Lively and commercial, verdant and unhurried, multicultural yet old-worldly, Pune easily carries a larger than life persona though its glorious past is not always palpable. This is the place where Shivaji lived as a child, the seat of Maratha confederation at the peak of its heyday. This is the Pune that belonged to the Peshwas. Soon it became the monsoon capital of the British, who laid grounds for the cantonment you see today. Peppered with top-notch educational institutions like Symbiosis, The Film and Television Institute of India and many other renowned academic centers, Pune is famed as the ‘Oxford of the East’. It has meandering roads, most of which cut according to the natural slopes of the hilly terrain hugging the River Mutha.
As the city developed haphazardly, a great number of highways were constructed while witnessing an IT boom. The fact that the usage of private motor vehicles like cars and bikes have escalated over the past decade in the place is not news. What is new though is that the city has the largest number of vehicle owners in Maharashtra, surpassing even Mumbai. Of all the 35 Maratha districts, 13.2% of families in Pune use cars as their mode of transport while Mumbai stands at 2nd place with only 12%. In the meantime, a similar progress were noticed in the usage of two-wheelers such as bikes, scooters and mopeds, which is a strapping figure of 48.8%.
