Vehicle loan

Vehicle Loan

Help you to grow beyond

** Conditions Apply

Service Charges
Who Can Borrow Individuals /Proprietary /Partnership Firms/LLP/ Pvt. Limited Companies
Purpose For Personal Use of Individual Borrower /Partners/ Director of the Company.
Limit 75% of the Total On road Cost
Security Hypothecation of vehicle
Margin 25%
Rate Of Interest Up to 3 Years – 8.00 % p.a
Above 3 Years Upto 5 Years – 8.00 % p.a**
Above 5 Years Upto 7 Years – 8.10% p.a**Up to 3 Years – 8.00 % p.a
Repayment 60 Months
[In case of Hi-End Vehicles 84 Months Repayment Period can be considered].
Processing Fees No Processing Fees
Basic Documents KYC documents of Borrowers and Guarantors .
Salaried: Salary Slips & Form 16 along with Salary A/c Statement for last o months.
Business: Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year.
Proforma Invocie/ Quotation Only from Authorised Dealer of the Vehicle to be purchased.
Branch Locations
Who Can Borrow Individuals /Proprietary /Partnership Firms/LLP/ Pvt. Limited Companies
Purpose For Personal Use of Individual Borrower /Partners/ Director of the Company.
Limit 75% of the Total On road Cost
Security Hypothecation of vehicle
Margin 25%
Rate Of Interest Up to 3 Years – 8.00 % p.a
Above 3 Years Upto 5 Years – 8.00 % p.a**
Above 5 Years Upto 7 Years – 8.10% p.a**Up to 3 Years – 8.00 % p.a
Repayment 60 Months
[In case of Hi-End Vehicles 84 Months Repayment Period can be considered].
Processing Fees No Processing Fees
Basic Documents KYC documents of Borrowers and Guarantors .
Salaried: Salary Slips & Form 16 along with Salary A/c Statement for last o months.
Business: Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year.
Proforma Invocie/ Quotation Only from Authorised Dealer of the Vehicle to be purchased.