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Applicant |
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Any Individual (Single / Joint) / Firm / Any Legal Entity.
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Purpose |
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For purchase of New / old vehicle (not more than 5 years old)
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Loan Amount |
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As per requirement. (Ex-showroom price+ RTA Charges + Accessories are included.)
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Rate of Interest |
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Click Here for Rate of Interest |
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Repayment |
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Maximum 60 months
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Security |
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Hypothecation of vehicle. Two Guarantors. If loan amount is more than Rs.25 Lakh, then immovable security need to be provided.
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Processing Fees |
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0.50% of the loan amount ( Minimum Rs. 500 and Maximum - No Limit )
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Shareholding |
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2.50% of the loan amount.
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Documents |
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Loan Application, Proforma Invoice of the Authorized Dealer. For other documents – Check Additional Information.
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Insurance |
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Insurance of vehicle/Assets charged to the Bank.
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Other |
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Other Terms and conditions are also applicable.
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