Vehicle Loan

Repayment Tenure:

• New Four Wheeler - 60 months
• Two Wheeler loan - 36 months
• Second hand four Wheeler - 36 months

• 10% of on Road cost for new car
• 50% of value for second hand car

Eligibility :

• Salaried Persons:- With minimum 1 years of past permanent/confirmed service.
• Non-Salaried Persons:- Self employed person with profit earning for at least past 2 years.
• Security : Hypothecation of Vehicle to be purchased along with all accessories
• Guarantors : One competent guarantor acceptable to Bank

Subscription to Bank's Share - Membership: 1% of Loan Amount

• New four wheeler for personal use – Nil
• Second hand Four Wheeler - 2% of Loan amount
• New Two Wheeler - 1% of Loan Amount

• MINIMUM DOCUMENTATION
• KYC
• Financial Documents
• Proforma Invoice
• Any other documents required by the Bank.