Drive your dream vehicle today with flexible and affordable loans.
New Vehicle Loan Details
Purpose: Purchase of New Car or Two Wheeler
Maximum Loan Amount: Up to 90% of the invoice value (excluding tax & insurance)
Margin: 10%
Interest Rate: 9.50% per annum
Repayment Period: Up to 84 months
Security:
Hypothecation of vehicle
Guarantors acceptable to the Bank
Used / Second-Hand Vehicle Loan Details
Purpose: Purchase of Used Car or Two Wheeler
Maximum Loan Amount: Up to 60% of the vehicle’s value
Margin: 40%
Interest Rate: 9.50% per annum
Repayment Period: Up to 36 months
Security:
Hypothecation of vehicle
Guarantors acceptable to the Bank
Documents & Disbursement
Documents Required:
Invoice / Quotation / Valuation of the Vehicle
Income Details and IT Returns (Last 3 Years)
Guarantor Details
Any other details required by the Bank
Disbursement: Directly to the Dealer or Transferor.
General Conditions: Borrower and Guarantors must be members of the Bank. The Bank reserves the right to modify schemes and loan amounts without prior notice.
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Apply now and make your journey smooth with our flexible Vehicle Loan options.
