About Buying Vehicle on EMI? Save Interest, Loan Processing fee, and RTO charges
Buying Car & Bike on Loan is common in India.
Now Problem Arise when people Purchase Vehicle in Loan and Installment. Most of Bank charges 12% to 24% flat rate of Interest and High Processing fees for Loan. People just without considering other factors, cost and Effective cost blindly choosing these high costly EMI plans.
The Solution of High Loan Rate of Interest & Processing Fee
Solution Applicable for Credit card Holders Only
The Alternative and cheapest Way is to go via Paytmmall. Paytmmall offers vehicle booking and Payment from Paytm App & also Can Choose EMI Option while making Payment. Via Paytm, you don't have to pay the Processing fee for EMI conversation if you choose Low-Cost EMI at the time of making payment. The Rate of Interest Range from 12 %to 15% P.A. on reducing the balance of Loan.
Benefits of Ordering Vehicle on PaytmMall
- No Processing Fee.
- Low Rate of Interest 13% to 15% P.A. at Reducing the rate of Interest. (Most Financer charge at 14% to 24% flat Interest rate on Loan)
- No Hypothecation remarks on RC book, No worry to remove Hypothecation remarks from vehicle RC after loan repayment
- Extra Cashback coupon and Offers from Paytmmall for booking the vehicle.
- Cost of booking vehicle on Paytmmall is Rs. 500 which is levied in the name of Convenience Fees.
- Calculate your cost of Loan and Effective interest Rate for vehicle purchase on Installment and choose wisely. (check Terms & conditions before entering into any transaction)