Staff Automobile Loan
A loan for LIB staff to purchase brand new or used (max 10 years old) automobiles for non-commercial use.
Eligibility: LIB staff.
Key Features:
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- Equity: 5% (new), 10% (used).
- Max tenure: 10 years.
- Interest: Saving rate + 1%.
- Can be granted twice, for different vehicles.
- Spouse’s income can be considered.