Vehicle Loan

 
1. Maximum Loan Limit Loan can be sanctioned covering cost of vehicle + registration charges subject to the repayment capacity of the applicant. However the insurance and cost of other accessories not to be included in the cost of vehicle for arriving at the maximum eligible loan amount. Amount is depending on repayment capacity of applicant.
2. Purpose For purchase of new vehicle (2 / 4 wheelers)
3. Period of Loan Maximum 60 months
4. Rate of Interest Click to Get 
5. Margin Nill
6. Security Hypothecation of vehicle
7. Guarantors Minimum one guarantor acceptable to bank having net income and net worth commensurate with the quantum of loan / EMI of vehicle loan.
8. Share Holding Share of Rs. 1,000/- for borrower & guarantor will have to become regular member of our Bank.
9. Process fee 1% of loan amount + service tax
   
* For More Details on Eligibility Criteria and Documents Required, Please contact any of our branches or send mail to us.
* conditions apply – sanction of loan at the discretion of bank.