VEHICLE LOAN

Affordable finance to bring home your dream vehicle.

Upto 100% finance

Starts at 7.75 %* p.a.

Easy Documentation

Margin NIL

Vehicle loan can be availed to purchase new 2 wheeler or 4 wheeler. TBSB provides upto 100% finance to cover the vehicle cost + registration charges. ROI for this loan Starts at 7.75 %* p.a. and has a maximum repayment period of 60 months.

Vehicle Loan can be availed at all TBSB branches.

  • For purchase of new 2 wheel or 4 wheel
  • Loan Amount : 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 are 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.
  • ROI :
    • 1. Personal Use New Vehicle Upto 36 months : 7.75%
    • 2. 37 to 60 months : 7.75%
    • 3. 61 to 84 months (only for four wheeler) : 8.25%
    • 4. Pre-owned cars : 12.50%
  • Tenure : Maximum repayment period of 60 months.
  • Availibility :Available at all TBSB branches If you wish to apply for education loan and start the process online, you can also fill up this form and we will conncet with you for further details.
  • Documents : Easy Documentation
  • Collatral Security Needed : Hypothecation of vehicle
  • Share holding : Share of Rs. 1,000/- for borrower & guarantor will have to become regular member of our Bank.
  • Guarantor : Minimum one guarantor acceptable to bank having net income and net worth commensurate with the quantum of loan / EMI of vehicle loan.
  • Processing Fee : 1% of loan amount + Applicable taxes

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