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National Commercial Bank (RBB) has introduced 'Festive Offer of Vehicle Loan' scheme. The bank has introduced the scheme for private purpose vehicles at a fixed interest rate of 7.77 percent.
The bank has informed that the plan has been introduced targeting the approaching festival. According to the bank, the loan will be paid in monthly installments and the loan will be invested up to a maximum of one crore rupees.
It has been stated that the bank will invest a maximum of 80 percent in electric vehicles and a maximum of 50 percent in gasoline and diesel vehicles of the quoted price of the vehicle. The maximum loan period is seven years.
