Car loan at low interest rates and easy re-payment plan for employees is different, while the car lease from a bank is altogether a different criteria.
Loan is an amount employee is borrowing to purchase a car of his choice, the loan stands in name of individual while the purchase remains his property.
A bank leased vehicle remains property of bank to the end of lease term or total pay-off after which the BANK as 1st owner of vehicle issue an NOC and transfer letter for vehicle regn be transferred.
How does a bank employee is not versed with such ' terms ' & ' incentives ' ??