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Old 16th May 2007, 16:35   #28 (permalink)
ramki067
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Join Date: Sep 2006
Location: BANGALORE
Posts: 342
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I asked them to mail me the details we have spoken and here is what they sent to me!

DEAR SIR

DEATAILS OF CAR LOAN


WAGAN R VX1I

ON ROAD ; 4,28,518
EX SHOWROOM ; 3,70,903
RATE OF INTREST ; 7.3 Percent
E.M.I ; 2312 for 60 months in advance

DOCUMENTS

1. Releaving letter of previous company
2. Appointment Letter of present company
3. 2 Latest Salary Slip
4. 6 months salary credited in CITI BANK statment till date
5. Electricity Bill Xerox (Own house Proof)
6. Ration Card (Relationship Proof)
7. Driving Licence ( I.D+D.O.B+Signature Proof)
8. 1 Passport Size Photo



From
Ashwini ICICI car finance

so... from the EMI calculator it comes to 13.71% interest rate. Then how do they tell this as 7.3%!!!

Last edited by ramki067 : 16th May 2007 at 16:42.
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