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 | Applicant | : | Any Individual (Single/Jointly)/Firm/Legal Entity. |
| Purpose | : | For purchase of New/old vehicle ( not more than 5 years old) |
| Loan Amount | : | As per Demand. (Ex-showroom price+ RTO +Accessories are included.) |
| Rate of Interest | : | Click Here for Rate of Interest |
| Repayment | : | 60 months |
| Security | : | Hypothecation of vehicle
Two Guarantors.
If loan amount is more than Rs.25 lac then immovable security need to be provided. |
| Processing Fees | : | 0.40% of the loan amount (or min Rs.400 and max no limit) |
| Shareholding | : | 2.50% of the loan amount |
| Documents | : | Duly filled Loan Application Form
Pro-forma Invoice of the Authorized Dealer
For other documents – Check Add. Information |
| Insurance | : | Insurance of vehicle/Assets charged to the Bank |
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