Vehicle Loan
- Applicant :Any Individual (Single/Jointly)/ Pvt. Ltd. Co.
- Purpose :For purchase of New/Old vehicle ( 2/4 Wheelers)
- Loan Amount : As per Demand. (Ex-showroom price)
- Repayment : 5 to 6 years inclusive of 1 month moratorium period.
- Security : Hypothecation of vehicle.
- Documents : Duly filled Loan Application Form Pro-forma Invoice of the Authorized Dealer For other documents & Check Add. Information
- Other : Insurance of vehicle/Assets charged to the Bank
- Applicant : Any Individual (Single / Jointly) / Firm / Legal Entity.
- Purpose : For purchase of New/old vehicle ( not more than 5 years old)
- Loan Amount : As per Demand. (Ex-showroom price)
- Repayment : 60 months to 72 months
- Security : Hypothetical of vehicle Two Guarantors.
- Immovable security need to be provided.
- Documents : Duly filled Loan Application Form Pro-forma Invoice of the Authorized Dealer For other documents & Check Add. Information
- Insurance : Insurance of vehicle/Assets charged to the Bank
- Rate of interest 1% extra for Commercial Vehicle
Customer CIBIL score |
Floating Rate of interest |
Processing Charges |
>850 |
7.75% p.a. |
NIL |
>800 to 849 |
8.00% p.a. |
NIL |
>750 to 799 |
8.25% p.a. |
*Rs.10,000.00 + ST |
>700 to 749 |
8.50% p.a. |
*Rs.15,000.00 + ST |
>650 to 699 |
8.75% p.a. |
*Rs.15,000.00 + ST |
>less than 649 |
9.25% p.a |
*Rs.15,000.00 + ST |