Purpose for Buying Vehicles |
Purchase of New Two,/Three wheeler, Used four Wheeler |
Who can Eligible |
Salaried employees, Businessmen, professional self-employed and Commercial Vehicle for business purpose. |
Loan Amount |
80 % of Quotation of vehicles (Basic price + R.T.O. charges) |
Margin |
20 % |
|
Used vehicle up to three years- 50 % to 70 % of Valuation |
Repayment Period |
Two Wheeler, Three Wheeler – Maximum 36 months |
Processing fee |
NIL |
Guarantee |
One/Two guarantor possessing property and also Income tax-payer. |
Security |
Hypothecation of Vehicles |
Share Linking |
2.5% of Sanction loan amount |
For Nominal Member |
Nominal membership fees – Rs.25/- Limit up to 1 lacs |