For ‘Nano’ no interest charge for 3 months: BoI
If you take loan for the Tata Nano from Bank of India, you will not be charged any interest. This is told in a press release of bank. It said that Bank of India, which is not one of the preferred lenders for Tata Nano, has come out with a moratorium scheme for auto loans. This scheme will ensure that its customers don’t go to other banks for loans for the Tata Nano.
Meenal
Published On Apr 04, 2009 21:01 IST
Published OnApr 04, 2009 21:01 IST
Last Updated OnApr 04, 2009 21:01 IST
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The bank is charging a floating rate of interest of 10.25 per cent with a repayment period of less than 36 months and 10.75 per cent between three and six years. For the booking amount, the charge is 12 per cent fixed rate of interest and it is available only till delivery of the vehicle.
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<p style="text-align: left;"><span style="font-family: Arial, Helvetica, Verdana, sans-serif; color: #3f3f3f;"><span>Meenal has been a writer since the time she knew what it is to write. Being a team lead at CarDekho, she guides her team to bring in fresh ideas and true stories to develop a brain storming news for the car enthusiasts across the world. Meenal started writing during her school and is continuing still. Being a post graduate in English Literature with Linguistics, Phonetics, and Grammar as her favorites, she topped throughout. And perhaps that's what helped her starting her career directly as an Editor with international clients from the very beginning. She also has been trained in and has got experience in pre-editing and master-editing journals and books. With almost 5 years of experience in journalism behind her, she still believes that she gets to learn new things about writing news every new day. She plans to start on another degree in psychology. Future plans for her include nothing more than a dynamic GROWTH for herself and SMILES on the readers' faces.</span></span></p>Read more
