Vehicle Loan

Type of Facility Vehicle loan (Two Wheeler)
Maximum amount Rs.1.00 lakhs
Rate of interest 10.00% p.a.
Maximum repayment period 48 months (max)
Margin 25% on value of proforma invoice / Quotation
Eligibility Professionals, businessman, salaried employees and self employed
Purpose To purchase two wheeler
Type of Facility Vehicle loan (Four Wheeler for personal use)
Maximum amount Rs.10.00 lakhs However, eligibility subject repaying capacity.
Rate of interest
Less then 5 lakh
9.00% p.a. for Brand new vehicle
Maximum repayment period 84 months (max)
Margin 20% on value of proforma invoice / Quotation (Brand new vehicle)
Eligibility Professionals, businessman, salaried employees and self employed
Purpose To purchase four wheeler for personal use