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 : Max 84 months.
  • Security : Hypothecation of vehicle.
  • Shareholding : 2.5% of the loan amount
  • 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
Commercial Vehicle
  • 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 84 months
  • Security : Hypothetical of vehicle Two Guarantors.
  • Immovable security need to be provided.
  • Shareholding : 2.50% of the loan amount
  • 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
Details Interest Rate
Upto 7,00,000/ For Non Commercial 10% Upto 7,00,000/ For Commercial 11%
Above 7,00,000/ For Non Commercial 11% Above 7,00,000/ For Commercial 12%