Vehicle Loan

For Purchase of New/ Second - hand Four Wheeler and New Two Wheeler.
Maximum loan amount of New Vehicle - 90% of cost.
Secondhand vehicle – 50% of value
Repayment period up to 60 months.

Purchase of Four Wheeler/ Two Wheeler Vehicle for Personal/ Commercial use)

* "Conditions Apply. Loan at sole discretion of the Bank." SMS 'Loan' to 70659 66665

Repayment Tenure:

New Four Wheeler - 60 months

Two Wheeler loan - 36 months

Second hand four Wheeler - 36 months

Margin :

1 - 10% of on Road cost for new car

2 - 50% of value for second hand car. Maximum Loan Amount Limit : Not Applicable

Maximum Loan Amount Limit :

Not Applicable

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 : NIL (*)

Subscription to Bank's Share - Membership: 2.50% of Loan Amount

Processing fee :

Second hand Four Wheeler - 0.70% of Loan amount

New Two Wheeler - 0.25% of Loan Amount

New four wheeler for personal use – nil

New four wheeler for commercial use - 0.50% of value.

1. Loan Application Form in prescribed format.
2. One passport size photograph
3. Address Proof.
4. Identity Proof.
5. Salary/Income details.
6. Net worth forms.
7. Proforma Invoice of Authorised Dealer.
8. Any other documents required by the Bank.

Apply