Vehicle Loan ( Two, Three & Used)

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
Used Four Wheeler – Maximum 48 months.

Processing fee

NIL

Guarantee

One/Two guarantor possessing property and also Income tax-payer.

Security

Hypothecation of Vehicles

Share Linking

1.5% of Sanction loan amount

For Nominal Member

Nominal membership fees – Rs.25/-
Deposit Amount – Rs.1000/-

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