Kota. If you are thinking of taking the car from the State Bank of India, make the first assessment of their annual income, the bank now less than 21 thousand rupees per month car loan will not be paid. Bank NPAs this decision in view of car loans has increased.


Bank management has recently decided that the car loans, the person's annual salary or income should not be less than Rs two lakh. First Bank annual income limit of Rs one lakh for car loans was fixed.

Low-paying ones, there is so much money that they can repay the car loan installment. He has debts, especially those whose car loans there are many other loan types.

Customer pays all the loan, but the economic situation does not fit the NPA is the first car loan.

Car loans too costly

The bank car loan interest has also increased 0.75 percent. Before it was available on loan interest rate of 11.25 per cent, which has increased 12 percent per year. Seven-year car loan installment per month is at least 1756.