Vehicle Loan

Purchase of new vehicle from the date of its registration.

Two wheeler 36 installment Four Wheeler 50 installment.

An individual who is an income tax assesse, salaried employee etc.
Agriculturists owning agricultural properties.
A company / firm/ trust/ association/societies availing the loan in its name or in the name of its executive / managing director / managing partner/managing trustee/president/secretory.

Maximum individual limit of the loan is Rs 40,00,000/-.

Maximum up to 60 months/5 years

The rate of interest on these loans shall be charged at the rate fixed by our Bank from time to time or rate applicable at the time of disbursement of loan and interest will be debited to the a/c every month.

• Loan Application with passport size photographs - 2 copies each
• ID proof, Income proof of the applicant and 2 guarantors.
• Quotation of the vehicle, driving license.
• Processing fees applied.

Hypothecation of vehicle to be purchased, 1 set Key, RC –Smart Card