• Board Of Directors
  • Annual Reports
  • Form Center
  • Interest Rate
  • Unclaimed / Inoperative Accounts
  • Board Of Directors
  • DEAF Account
  • Download
  • Privacy Policy
  • Customer Awareness
  • EMI Calculator
  • Holidays
  • Gallery
  • Award & Achievements

Vehicle Loan

We make sure that your dream car gets the maximum mileage with our competitive loan rates. So hop on for a smooth ride with this facility.

Purpose :

  • For acquiring Own Vehicle (Four wheeler) – New or Old – *for personal / Partners / Director’s / Trustee’s use, & not for any Commercial use. [Undertaking to be furnished]

Eligibility

  • Individual/s, salaried employees, Businessmen, Self-employed, Professionals having regular source of income.
    *Firm (Proprietary/Partnership), Pvt. / Public Ltd. Co. / Reg. Trust.

Maximum Limit :

  • Minimum Rs.1,00,000/-
  • New Vehicles: 100% on Basic Invoice Cost of Vehicles (excluding RTO, registration, tax & insurance)
  • Pre-owned Vehicles (not older than 3 years):
  • 80% of valuation or Agreement value whichever is less.

Securities:

  • Hypothecation of the Vehicle financed. .

Margin :

  • New Vehicles:
  • NIL (RTO, Registration, Tax & Insurance to be borne by Applicant)
  • Pre-owned Vehicles:
  • @ 20% of valuation or Agreement value whichever is less.

Documents Required :

  • Loan application.
  • Residential proof of Applicant and sureties.
  • Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and sureties other than salaried persons.
  • Income Tax Returns of last three years of the Borrower(s) and the sureties.
  • Quotation
Scroll to Top