** 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. |